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PETRONAS inks MoU with Philippines’ Phoenix Petroleum

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KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have agreed and signed a memorandum of understanding (MoU). To develop a collaboration in downstream...

Indonesia hikes fuel prices by 30%, cuts energy subsidies

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JAKARTA, Indonesia: Fuel prices increased by about 30% across Indonesia on Saturday. After the government reduced some of the costly subsidies that have kept...

Food prices soar to record levels on Ukraine war disruptions

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ROME ITALY: Prices for food commodities like grains and vegetable oils reached their highest levels. Everlast month largely because of Russia’s war in Ukraine...

Europe agrees to ban Russian coal but struggles with oil, gas

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The European Union nations have agreed to ban Russian coal the first sanctions on the vital energy industry over the war in Ukraine. But...

Congress votes to suspend Russia’s trade status, enact an oil ban

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WASHINGTON USA: Congress voted overwhelmingly to suspend normal trade relations with Russia and ban the importation of its oil. Ratcheting up the U.S. response...

Germany seeks to boost renewable energy and cut Russian imports.

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BERLIN Germany: The German government unveiled a major package of reforms. To boost the production of renewable power, and meet its climate goals. And...

Asia’s US$350bil gas projects intensify the clean energy debate.

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SINGAPORE: Asia is pumping billions of dollars into new gas infrastructure. Making the region pivotal in a debate over the role of fossil fuels...

Guyana OKs Exxon’s $10B Yellowtail offshore oil project.

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GEORGETOWN, Guyana: Guyana’s government has granted permission for U.S. supermajor ExxonMobil to develop a fourth offshore oil and gas field. The company said it...

Ukraine war drives the US, EU deal to undercut Russian energy

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BRUSSELS: With stunning speed, Russia’s war in Ukraine is driving Western Europe into the outstretched arms of the United States again. Especially apparent when...