Sapura Energy vows to expand business in Brunei
BANDAR SERI BEGAWAN – Malaysian oil and gas firm, Sapura Energy, has pledged to continue growing its business in Brunei as the company marked 25 years of operation in the sultanate. Sapura provides offshore oil and gas drilling services to Brunei Shell Petroleum. Its rig, dubbed Sapura Pelaut, has drilled 178 wells for BSP over […]
Indonesia picks coal and oil heartland as site of new capital city
JAKARTA — Indonesia’s new capital city will sit at the nexus of the country’s coal and oil hubs in eastern Borneo, the president revealed on Aug. 26. President Joko Widodo, who has long teased relocating the capital from the chronically congested and fast-sinking Jakarta, announced that the new capital would straddle the border between the two districts of North […]
Thailand wants to be South-east Asia’s power-trading middleman
BANGKOK (BLOOMBERG) – Thailand is jump starting a decades-old plan to create a South-east Asia electricity super-grid, and wants to be the power-trading hub at the center of it. The nation is set to triple the amount of electricity from Laos that it resells to Malaysia, while encouraging infrastructure upgrades stretching from Cambodia to Myanmar […]
Carpio sees nothing unconstitutional in TOR on PH-China joint oil, gas exploration deal
Metro Manila (CNN Philippines, August 26) — There is nothing unconstitutional in the terms of reference (TOR) that the Philippines has signed with China on a 2018 memorandum of understanding (MOU) on cooperation on oil and gas development, Senior Associate Justice Antonio Carpio said Monday. He said the document was signed by Foreign Affairs Secretary Teodoro […]
Amata Corporation to develop a smart city in Yangon
The long-awaited dream of turning Yangon, Myanmar’s commercial hub, into a smart city may soon be realised with the support of Amata Corporation Pcl, Thailand’s largest industrial estate developer. VikromKromadit, chairman of Amata Corporation Pcl, said at a signing ceremony on Thursday (August 22) that the firm would bring advanced technology and quality investors to […]
China, Vietnam Spar on High Seas Over $2.5 Trillion in Energy
When a Chinese state-owned survey vessel sailed into waters off Vietnam’s coast in early July, it unleashed a high-seas standoff with trillions of dollars at stake that risks drawing in Russia and the U.S. For weeks now the Haiyang Dizhi 8 has zigzagged across a square block of water to study the seabed in an […]
Malaysia will have adequate LSFO to meet demand as IMO 2020 looms: Transport Minister
Malaysia is readying for the International Maritime Organization’s global sulfur limit rule for marine fuels and will have sufficient low sulfur fuel oil to meet upcoming demand as the IMO 2020 rule inches closer, Loke Siew Fook, Malaysia’s Transport Minister said during an industry event in the country this week. “The new global sulfur cap […]
Singapore banks ace environment sustainability survey
Only four ASEAN banks met targets. Singapore’s DBS, OCBC and UOB were lauded in a WWF report for having been amongst only 4 out of 35 in ASEAN banks meeting environmental targets. Of the 35 banks assessed, only the three banks and Thailand’s Kasikorn Bank fulfilled at least half of the 70 criteria whilst 51% […]
