After 2024, Petronas said it foresees a positive outlook for drilling rigs activity while continuing to enhance and upgrade capability

The study, which is in line with the Singapore Green Plan, will go on until mid-2022, before the companies decide on their next move.

Countries face pressure to take action against oil and gas giants that generate billions in revenue and allow the junta to continue its brutal repression of people throughout Myanmar

Imports rose by 43.8% compared with the same period a year ago, beating economists’ forecasts of 40% and totalling $72.9 billion

Campaigners say the bank provided $4.1 billion to companies planning new coal plants and $15 billion to the coal industry. They say coal developers should be blacklisted

The latest discovery brings total proven reserves of the gas field so far to nearly 900 billion cubic metres

Viva Energy to make a final investment decision on the project by the third quarter of fiscal 2022

Deals follow move to increase investment in US shale and exit Canada's oil sands, US offshore production and British North Sea fields

The approval to expand the plant was unlawful as it did not consider greenhouse gas emissions, a leading conservation group will argue

Announcement comes soon after the fast-growing energy player finalised a A$40-billion ($29 billion) deal to buy BHP's fossil fuel assets

The US will release 50m barrels from its Strategic Reserve to help cool oil prices in the lead-up to Christmas. States in Asia will do what they can.

Japanese officials are working on ways to get around restrictions on releasing national oil reserves in tandem with other countries to dampen prices, government sources say