A Petronas-Pertamina crude swap agreement was the latest instance of Southeast Asian NOCs teaming up to tackle shared energy security challenges. The $500mn crude oil swap deal between Malaysia’s Petronas and Indonesia’s Pertamina signed on 18 February was the latest in a trend of collaborative moves between NOCs in the region to boost efficiency and energy security. The deal targets midstream logistical savings but …
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Judith Collins made the comments despite three years of falling responses to the government’s so-called Block Offer. Under this scheme, companies compete to win the rights to explore for petroleum. Last year, one made the final cut. The previous year, it was nine. A year before that, it was 15. The price of oil, which fell from about $US115 a barrel to about $US30 …