Oil reserves reduction readied
The Department of Energy Business (DOEB) is expected to reduce oil reserves this week to 4% (15 days of average daily consumption) from 6% (21.5 days) in response to low demand due to the pandemic.
GPI looks to renewables for new revenue source
SET-listed Grand Prix International Plc (GPI), a leading automotive event organiser and media producer, plans to diversify into renewable energy in search of additional revenue streams unaffected by the Covid-19 pandemic.
Analysts predict earnings backslide
Aggregate earnings per share (EPS) of SET-listed companies are expected to fall by as much as 25% this year because of the Covid-19 pandemic and plunging oil prices, says the Investment Analysts Association (IAA).
Thailand aims to become regional LNG hub despite Covid-19 crisis
The escalating Covid-19 outbreak will not disrupt Thailand’s aim to become a regional hub for liquefied natural gas (LNG), Energy Minister Sontirat Songtijirawong said recently.
Thailand’s PTTEP could delay some projects due to oil price collapse
Thai energy company PTT Exploration and Production Pcl could miss its sales target due to the oil price collapse and coronavirus outbreak, and is considering delaying some projects, it said on Thursday.
Oil market reels from virus
As the coronavirus pandemic spreads across the world, oil prices face another week of decline, hitting a new low of US$20 per barrel.
PTT to maintain gas output
Energy policymakers have ordered national oil and gas conglomerate PTT Plc to continue gas production in Myanmar during the Songkran holiday to avoid an electricity interruption from surging demand from home workers. Imported gas from Myanmar’s Yadana, Yetagun and Zawtika blocks account for 25% of the total gas volume in PTT’s gas pipeline.
Banpu Public : Group Announces Postponement of 2020 Annual General Meetings of Shareholders
On 30 March 2020, Banpu Public Company Limited and Banpu Power Public Company Limited notified the Stock Exchange of Thailand about the postponement of the 2020 Annual General Meeting (AGM) of Shareholders due to more intense security and more widespreading of COVID-19 outbreak. The two companies cancelled the dates, venues and agenda of the Meetings […]
