Showing 1 - 10 of 653
Bangchak uncertain on petroleum plans
Business, Yuthana Praiwan, Published on 14/08/2025
» SET-listed Bangchak Corporation has yet to decide whether to re-enter the petroleum business in Asia, though it is collaborating with Chevron Offshore (Thailand) to explore for oil and gas in a potential area in the Gulf of Thailand.
Chevron, BCPR partner on Gulf of Thailand project
Published on 07/08/2025
» Bangkok, August 5, 2025 — In a significant step towards bolstering Thailand’s energy security, a new partnership has been launched between Chevron Offshore (Thailand) Limited (COTL) and BCPR Co., Ltd. (BCPR) for petroleum exploration and production in Block G2/65 in the Gulf of Thailand. Formalised under a Production Sharing Contract (PSC) model, the collaboration was officially marked at a recent ceremony presided over by Dr Prasert Sinsukprasert, Permanent Secretary of the Ministry of Energy. The event also commemorated the Minister of Energy’s authorisation of BCPR’s participation—an affiliate of the Bangchak Group and a leading Thai energy company—via the issuance of Supplementary Production Sharing Contract (No. 1). The partnership is expected to advance exploration and development activities in the block.
PTTEP Acquires Block A-18 Stake to Bolster Energy Security
Published on 29/07/2025
» Bangkok, July 25, 2025 – PTTEP has acquired a 50% participating interest in Block A-18 of the Malaysia–Thailand Joint Development Area (MTJDA) which is strategically important to Thailand’s energy security, and supporting company’s growth.
Thailand’s PTTEP buys full control of offshore gas block
Published on 26/07/2025
» SINGAPORE - PTT Exploration and Production (PTTEP) of Thailand has acquired full ownership of an offshore oil block in the Gulf of Thailand in a $450-million transaction with units of US-based Chevron.
Trump unveils investments to power AI boom
AFP, Published on 16/07/2025
» PITTSBURGH - US President Donald Trump went to Pennsylvania on Tuesday to announce $92 billion in energy and infrastructure deals intended to meet big tech's soaring demand for electricity to fuel the AI boom.
The next guardians of the sea
Business, Yuthana Praiwan, Published on 14/07/2025
» When Natyada Thuasawad gazes upon the vast sea, she sees assets. A student at Prince of Songkla University, Ms Natyada said the sea is a key source of revenue for Thailand, offering people food and exciting tourist attractions along shorelines and on islands.
OPEC+ expected to open taps more despite price slump
AFP, Published on 26/05/2025
» LONDON - Despite oil trading low at $60, OPEC+ this week is expected to continue to further open the taps.
Maduro party eyes big win as Venezuela opposition boycotts vote
AFP, Published on 26/05/2025
» CARACAS - Venezuelan President Nicolas Maduro's party was eyeing a landslide victory in legislative and regional elections Sunday, after a wave of arrests of opposition members who called for a massive boycott of the vote.
Venezuela's fall deepens under Maduro's rule
Oped, Published on 15/05/2025
» What was akin to a celebration of global dictators and political rogues, Venezuela's Marxist dictator, Nicholas Maduro, visited Moscow to join Vladimir Putin in celebrating Russia's May 9 Victory Day Parade, the 80th anniversary of the Soviet Union's triumph over Nazi Germany. Mr Putin's pantheon included communist China's leader Xi Jinping and Brazil's President Lula da Silva, among others.
Big Oil sails on amid storm threat
News, Published on 07/05/2025
» Top oil and gas companies are watching the worsening global economic outlook with trepidation, but they currently appear to be doing little to correct course in the face of the approaching storm. The level of uncertainty in global energy markets has shot up in recent months due to US President Donald Trump's tariff flip-flops, stop-start negotiations over the Ukraine conflict, tightening sanctions on Iran, and growing signs of disagreement among Opec and other major producers.