U.S.-Vietnam JV Plans to Invest Up to $6 Billion in LNG Power Project: CEO
HANOI — Chan May LNG, a U.S.-Vietnamese joint venture, plans to invest up to $6 billion in a power project in Vietnam as it seeks to cash in on the Southeast Asian country’s rising demand for electricity, its chief executive officer said on Wednesday. Vietnam faces the risk of severe power shortages from 2021 as demand […]
Change in Thai energy minister may finally see resumption of talks with Cambodia after 20-year delay
Talks to end the long-running conflict between Thailand and Cambodia, which both nations claiming ownership of offshore petroleum blocks in their overlapping maritime territories is finally expected to resume after a delay of 20 years. Outgoing Energy Minister Sontirat Sontijirawong said this when bidding farewell to Thai energy ministry executives after resigning from the Thai cabinet […]
BP Singapore oil traders placed on leave amid disputed deals: sources
[SINGAPORE] BP Plc has placed some personnel from its Singapore-based crude oil team on leave after they were mentioned in court documents filed in disputes between banks and other trading houses, said people with knowledge of the company’s move.
Oil drops on signs Opec+ may start to taper production cuts
OIL edged lower ahead of an Opec+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world. Futures in New York fell to near US$40 a barrel after closing up 2.4 per cent on Friday. The producer bloc […]
Gas Malaysia releases distribution access arrangement document
LAST Tuesday, Gas Malaysia Bhd (GMB) released the access arrangement document for its gas distribution pipelines as part of the requirement to allow the implementation of the third-party access (TPA) regime in the Peninsular Malaysia gas market. The document, approved by the Energy Commission (EC), was released by the natural gas distributor on its website.
BSP to complete construction of solar park by 2021
BANDAR SERI BEGAWAN – Brunei Shell Petroleum (BSP) has began construction of its 3.3 MWp utility-scale solar photovoltaic (PV) park on Friday, which is set to reduce the greenhouse gas emissions of its headquarters in Seria. A groundbreaking ceremony was held at the G11 site — a former BSP housing area — at Seria’s Jalan Tengah, BSP said […]
PetroVietnam earns 12.2 billion USD in revenue in H1
Hanoi (VNA) – The Vietnam Oil and Gas Group (PetroVietnam) reported total revenue of 283.5 trillion VND (12.2 billion USD) in the first half of this year, contributing 32 trillion VND to the State budget. Total oil production in the period reached 10.73 million tonnes of oil equivalent, exceeding by 4.2 percent the six-month plan and equal to 52.7 percent of […]
PCG charges energy firm over oil spill in Iloilo City waters
Metro Manila (CNN Philippines, July 11) — Authorities on Saturday said they had filed a complaint against a thermal energy company for the oil spill incident in Iloilo City over a week ago.The Philippine Coast Guard said that it sued Ayala-owned AC Energy, Inc., its president John Eric Francia and Power Barge 102 plant manager Roberto […]
