In 2009 Brunei oil and gas industry became a part of Gas Exporting Countries Forum (GECF) along with other countries like Algeria, Iran, Bolivia, Qatar, Venezuela, Libya, Egypt, Malaysia and Indonesia. This organization would be incorporating a structure of price control that is like Organization of Petroleum Exporting Countries.
As per latest reports of Philippines oil and gas industry Philippine based unit of Royal Dutch Shell and BHP Billiton are trying to bid for 20 percent ownership of oil and gas exploration project initiated by Philippine government.
As per reports of New Straits Times, Petronas, which is a state owned company of oil and gas industry of Philippines would put in $194.8 million in energy sector of Uzbekistan. This money would be invested for a period of three years.
Oil and gas are critical to the global economy and governments and individuals are increasingly turning their attention to their production and consumption.
In 2009 two important events are coming up for Azerbaijan oil and gas industry. 16th International Caspian Oil and Gas Exhibition of oil and gas industry in Azerbaijan would be held from 2nd to 5th June 2009. This exhibition is on issues like petrochemicals and refining.
Oil and gas industry of Azerbaijan is also hosting 16th International Caspian Oil and Gas Conference from 3rd to 4th June 2009 at Hyatt Regency Conference Center. Oil and gas industry at Azerbaijan has played a major role in context of energy security in Caspian Sea region and Europe.
