Philippine banks still enabling coal projects — report
MANILA, Philippines — Six Philippine banks have enabled coal projects by either underwriting or selling bonds meant to finance these developments, a move that goes against some of their commitments to stop coal funding, according to a new report. “Banks have not quit coal despite their coal divestment policies,” energy advocacy and bank watchdog group Withdraw from […]
Thai, Malaysian firms pull out of Myanmar gasfield project
BANGKOK—Thailand’s oil and gas conglomerate PTTEP and Malaysia’s Petronas announced Friday they would withdraw from the Yetagun gas project in coup-hit Myanmar. There has been an exodus of global energy companies from Myanmar including Chevron and TotalEnergies following last year’s military takeover and subsequent allegations of human rights abuses.
JERA, EGCO PLAN LNG VALUE-CHAIN IN THAILAND
Japan’s Jera has concluded a memorandum of understanding with Thai utility Electricity Generating Public Co. (Egco) to develop LNG value-chain in the southeast Asian country, the company said on April 26. They will also look to establish a supply chain for hydrogen and ammonia.
Duterte leaves oil explorations in West PH Sea to successor: Lorenzana
MANILA — Any decision regarding oil exploration activities in the West Philippine Sea will be up to the next administration as far as President Rodrigo Duterte is concerned, Defense Secretary Delfin Lorenzana said Wednesday. “The President said we’ll just have to leave it to the next administration what it will do with that oil exploration,” […]
PTTEP officially takes reins at Erawan and Bongkot offshore Thailand
Thailand’s PTT Exploration & Production (PTTEP) is now the official operator of the G1/61 project, which covers the Erawan, Platong, Satun and Funan fields, as well as the G2/61 project, covering the Bongkot field. PTTEP (BKK:PTTEP) said it is ready to boost natural gas production to increase energy security despite being denied prior access to […]
Energy partners join forces for Indonesia LNG project
Four Asian energy companies have entered into a joint study agreement to explore the potential of a clean natural gas and liquefied natural gas (LNG) project in Indonesia involving the production of biomethane from palm oil mill effluent (POME). Announced today (April 25th), the project aims to support a transition to more carbon neutral energy […]
Philippines halts oil and gas exploration in disputed South China Sea
Manila : Manila has suspended oil and gas exploration in the South China Sea, Philippine President Rodrigo Duterte’s spokesman said Wednesday, as it tries to strike a deal with Beijing on a joint energy project.
Use oil price windfall to support local firms, Petronas urged
An economist has called on Petronas to provide support to Malaysian oil and gas companies, saying global oil prices allow the company to be more liberal with its spending. Two trade groups are reported to have recently complained that the national oil company is raking in billions at the expense of oil and gas companies’ […]
