Kyushu Electric companies acquiring Thermochem, Inc and Indonesian subsidiary
In a release today, geothermal service provider Thermochem, Inc. announced that Kyuden International Corporation (KIC) and West Japan Engineering Consultants, Inc., (West JEC) both companies of the Kyushu Electric Power Company (Kyuden) Group, have executed a share purchase agreement for the 100% acquisition of Thermochem, Inc., and PT. Thermochem Indonesia (Thermochem).
For first time ever, fuel consumption falls instead of rising during Idul Fitri
Nationwide fuel consumption during this year’s Idul Fitri period was 31.2 percent below the normal level as the government had banned the traditional mudik (exodus) to contain the COVID-19 outbreak. Fuel consumption averaged 106.933 kiloliters per day in the Idul Fitri week, down from 155,377 kl per day in January and February, the months before Indonesia confirmed its first […]
Energy, utility companies cut costs to survive slumping demand
State-owned energy and utility companies are taking measures to cut expenditure and diversify their businesses to survive while the COVID-19 pandemic is battering demand. With large scale social restrictions (PSBB) in place in major cities, businesses and industries have shut operations and subsequently reduced energy consumption.
EMA, Keppel O&M launch grant call for energy solutions in marine sector
KEPPEL Offshore & Marine (Keppel O&M) and Singapore’s Energy Market Authority (EMA) have started a S$10 million partnership to help create innovative energy solutions in the marine sector.
CapitaLand bags two green loans worth $400m to drive greening of global portfolio
CapitaLand has secured two green loans amounting to $400 million to “catalyse greening of the group’s global portfolio by 2030”, the property giant said on Wednesday (April 15).
Vietnam’s Dung Quat oil refinery cuts output on virus-hit demand
Vietnam’s Dung Quat oil refinery plans to cut output because of weaker domestic fuel demand caused by the coronavirus oubreak, the facility’s operator said on Friday.
Holcim sustains use of alternative fuel
Leading cement maker Holcim Philippines Inc. plans to further increase its consumption of qualified and properly segregated and pre-processed waste as alternative fuel and raw material to manage costs and help address the solid waste problem in the country.
Jadestone Energy moves closer to Vietnam offshore project approval
Jadestone Energy has announced that the field development plan (FDP) for the Nam Du and U Minh gas fields, offshore southwest Vietnam, is in the final stages of the formal Vietnamese Government approval process. Jadestone continues to anticipate final approval of the FDP, which includes approval of the gas price, shortly. FDP approval constitutes official […]
