Thai Business Funds Traveloka

Investment will be provided by PTTOR International Holdings Pte. Ltd. in Singapore, which is a subsidiary of PTT Oil and Retail Business (OR), for the online travel startup Traveloka, which is based in Jakarta. The PTT Oil and Retail Business (OR) is a significant player in the petroleum and gas ...

PTTGC purchases Vencorex, a chemical company

PTT Global Chemical (PTTGC), the petrochemical division of the national oil and gas giant PTT Plc, has acquired a 9.18 per cent share in the French chemical manufacturer Vencorex Holding as part of its ongoing acquisition of assets with a focus on value-added goods.

PTTGC, which already...

Thailand's first CCS project is launched by PTTEP

PTTEP, Thailand's national upstream business, is planning to build the country's first carbon capture and storage (CCS) facility at its producing Arthit offshore gas well, paving the way toward the country's goal of net-zero greenhouse gas emissions.

The feasibility assessme...

The company reimburses the Ohio office for $20 million

PTT Global Chemical, a Thailand-based petrochemical conglomerate, has reimbursed Ohio's private economic development agency $20 million after failing to make an investment decision on a proposed petrochemical factory in the state by 2020.

PTT Global Chemical America and JobsOhio spo...

PTT, Thailand's state-owned oil and gas company, has backed 'Team Thailand' in its efforts to grow the EV industry

PTT Public Co Ltd, the state-owned oil and gas conglomerate, has proposed that the government and private sector form "Team Thailand" to promote the Electric Vehicle (EV) segment. The goal would be to market Thailand as the "Detroit of Asia" in terms of EV production.

Chevron's Myanmar gas field is taken over by a Thai company, Total

Following the withdrawal of global heavyweights Chevron and TotalEnergies in January, Thai energy company PTT Exploration and Production (PTTEP) has declared it will manage the operation of Myanmar's crucial Yadana gas field.

Following mounting international pressure from human righ...

According to a rating company, PTT's profits from increased oil prices would be offset by support for subsidiaries

PTT Plc's profitability will be boosted this year by a surge in crude oil prices caused by the Russia-Ukraine conflict, albeit this increase may be offset by squeezed margins at PTT's downstream companies, according to a rating firm.

"In our opinion, the increase in PTT'...

Little light on PTTEP, which is mired in a Myanmar quagmire

Thailand's energy security is reliant on pipeline gas supplies from a neighboring country.

When it comes to its Myanmar holdings, Thailand's national upstream business PTTEP is caught between a rock and a hard place.

Human rights organizations continue to put pressure ...

Thailand Set to Takeover Myanmar’s Biggest Gas Field

The State Oil and gas explorer of Thailand is planning to take over the biggest gas field of Myanmar as Total Energies and Chevron Corporation exited the Southeast Asian state last year.

Thailand’s PTT Exploration and Production Pcl will be acquiring the Yadana field. PTTEP alread...

PTT Announces Joint Venture for New Battery in Thailand

Thailand’s PTT and the Global Power Synergy Corporation have announced a joint venture to support the electric vehicles production plan of the PTT.

The Chief Executive Officer and the President of PTT, Auttapol Rerkpiboon, said that the Singaporean oil and gas company has created ...

Thailand’s PTT Chief Looking for Sustainability

The President and Chief Executive Officer of PTT, Auttapol Rerkpiboon, led the company to survive the crisis presented by the Covid-19 last year. The chief is now working to direct the national oil and gas giant towards further development and sustainability in business.

PTT saw an incr...

Thailand’s PTTEP buys 25% stake in an Onshore Exploration Block in the UAE

Thai player, PTT Exploration Production company (PTTEP) has acquired 25 percent stakes in the oil and gas exploration block of the Concession Area C from Eni in Sharjah, UAE.

PTTEP said that their investment was aligned with their focus on petroleum prolific areas in the UAE.

...

Thailand’s PTT and China’s Hozon Enter a Joint Agreement

PTT, a Thailand-based Oil, and Gas giant announced earlier this month that they are signing an agreement with a Chinese electric vehicle (EV) company, Hozon as a joint venture. The news has come only a few months after PTT partnered with an electronics company, Foxconn. Previously, PTT announced ...

PTT GROUP AND RENEW POWER DEAL CANCELLED

HIGHLIGHTS

• The deal between PTT Group and ReNew has been cancelled.
• Now PTT is considering to invest in renewable energy on many projects in the targeted countries including India.
• ReNew has acquired RMG Acquisition Corp.

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