Showing 1 - 10 of 35
PTTEP preps carbon capture facility
Business, Yuthana Praiwan, Published on 14/01/2026
» PTT Exploration and Production Plc (PTTEP) is preparing to build Thailand's first carbon capture and storage (CCS) facility at its Arthit gas field this year, marking a major step in the country's efforts to cut greenhouse gas emissions and reach its net-zero target.
Global crude oil prices pressured by oversupply
Published on 22/12/2025
» Crude oil prices in the global market declined amid expectations of a supply surplus, with ICE Brent crude between October 1 - December 16, 2025 falling by $4.7 per barrel from the previous quarter to average $63.4 per barrel. The decline followed increased global supply, driven by eight OPEC+ members — Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman — collectively raising production from April–December 2025 by almost 3 million barrels per day, unwinding their voluntary cuts to defend market share. Additional supply growth from non-OPEC+ producers such as the United States, Brazil, Canada and Guyana further contributed to the imbalance.
Chinese telco could face $1-billion US fine for bribery
Reuters, Published on 11/12/2025
» The Chinese telecoms equipment maker ZTE Corp may pay more than $1 billion to the US government to resolve years-old allegations of foreign bribery, according to two people familiar with the matter.
The Power of Power: 40 Years of PTTEP - Energy for the Nation and the Thai Populace
Published on 25/09/2025
» Energy is an indispensable part of life—essential for electricity generation, driving the economy, and enabling national development across various sectors. But where does Thailand’s energy come from, especially petroleum? And how did the journey toward energy self-reliance begin?
Wars and Geopolitical Tensions Drive Global Oil Prices Higher
Published on 19/09/2025
» Global crude oil prices have edged higher in recent months as prolonged wars and geopolitical tensions continue to disrupt energy supplies. Between July 1 and September 15, 2025, ICE Brent crude rose by US$1.51 per barrel from the previous quarter, averaging US$68.16 per barrel. The increase was driven mainly by the escalating war between Russia and Ukraine. Although US President Donald Trump and Russian President Vladimir Putin met in Alaska on August 15 to discuss a peace deal and ceasefire, the summit ended without agreement, and both sides continued retaliatory strikes.
Key Opec+ members boost oil production
AFP, Published on 07/09/2025
» LONDON — Eight key members of the Organisation of the Petroleum Exporting Countries Plus (Opec+) alliance said Sunday they have agreed to again boost oil production, in a strategy analysts saw as a bid to gain a bigger market share of crude sales.
Opec+ steps up oil output increases
Reuters, Published on 05/07/2025
» LONDON - Opec+ agreed on Saturday to raise production by 548,000 barrels per day (bpd) in August, further accelerating output increases at its first meeting since oil prices jumped — and then retreated — following Israeli and US attacks on Iran.
Trade and Middle East Conflicts Drive Oil Prices
Published on 25/06/2025
» From 1 April to 18 June 2025, ICE Brent crude oil prices declined by USD 5.68 per barrel compared to the previous quarter, averaging USD 69.28 per barrel. The drop followed an announcement by eight OPEC+ countries—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—to increase crude oil production from April to July 2025. The additional output, which totalled 1.37 million barrels per day, reversed earlier voluntary cuts. Saudi Arabia is now pushing for a full reinstatement of its 2.2 million barrels per day in voluntary cuts by September 2025 to regain global market share.
PTTEP wins gas drilling licence in Algeria
Business, Yuthana Praiwan, Published on 19/06/2025
» PTT Exploration and Production Plc (PTTEP) plans to grow its gas business in Africa after its subsidiary was granted a licence for onshore petroleum exploration and production by the Algerian government.
Tariff measures weigh on oil and global growth
Published on 08/05/2025
» The average price of ICE Brent crude oil in Q1/ 2025 was US$74.97/BBL, slightly higher than $74.01/BBL in the fourth quarter of 2024. The increase followed US sanctions imposed on major Russian energy companies such as Gazprom Neft and Surgutneftegas, as well as 183 oil tankers involved in Russia's "shadow fleet" exports. Platts estimated the sanctions affected about 1.5 million barrels per day of Russia’s seaborne oil exports, driving crude prices up to $82/BBL on Jan 15, 2025, the highest level since August.