Energy brightens regional economy
Amid the Covid-induced economic gloom, it was perhaps a surprise to see that the first-quarter profit of companies listed on the Stock Exchange of Thailand had risen by 137% from the same period last year. The energy sector, which accounts for 35-40% of total SET market capitalisation, was the key contributor to this impressive performance.
Renewables to make up at least 48% of Indonesia’s 2021-2030 electricity plan
Indonesia aims to increase the proportion of renewable power in its 2021-2030 national electricity plan to at least 48%, from 30% in the 2019-2028 plan, a senior energy ministry official said on Friday.
Malaysia’s Hibiscus Petroleum buys Repsol assets, enters Vietnam market
Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd (HIBI.KL) has acquired Spanish energy major Repsol Exploración, S.A.’s (REP.MC) upstream assets in Malaysia and Vietnam for a cash consideration of $212.5 million, it said in a stock exchange filing on Friday.
Gatchalian to DOE: Why are your projections ‘off’ on Luzon rotational brownouts
MANILA, Philippines — Senator Sherwin Gatchalian pressed the Department of Energy (DOE) for an explanation on its “off” power projections after the National Grid Corporation of the Philippines (NGCP) placed the Luzon grid on red alert Monday afternoon.
Offshore Natural Gas Pipeline In Myanmar Caught In The Country’s Geopolitical Thicket
Chevron’s recently assembled activist Board of Directors is moving the oil giant to suspend payments from a gas joint venture involving an offshore gas pipeline in the Yadana fields in southwest Myanmar that would have reached Myanmar’s military junta. French energy major Total has joined Chevron in shutting down the money flows to the junta.
Main Philippine Island Faces Power Outage as Plants Shut
The Philippines’ main Luzon island will experience power outages on Monday as some plants shut and higher temperature boosts demand, officials said.
PRRD signs law extending electricity lifeline rate till 2051
MANILA – President Rodrigo Roa Duterte has signed a law extending the electricity lifeline rates, especially for the poor, for a period of 50 years.
TotalEnergies says limited by legal framework on Myanmar action
Energy giant TotalEnergies(TOTF.PA) said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.
