RM3.4b in investments targeted for IGEM 2020
KUALA LUMPUR: The government targets to secure RM3.4 billion in investments and potential business leads for the upcoming International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM) 2020. Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin in her text speech said the higher target is achievable as IGEM 2019 secured […]
AirAsia advocates palm oil for its biofuel programme
KUALA LUMPUR: AirAsia Group Bhd (AirAsia) is keen on using palm oil as part of its sustainable programme to develop biofuel-powered flights in the future. AirAsia founder and group chief executive officer Tan Sri Tony Fernandes said the low-cost carrier (LCC) is in the midst of conducting a research on palm oil-related biofuel with various […]
Tanglawan seeks suspension of notice to pursue LNG hub
Tanglawan Philippine LNG Inc., a company controlled by Phoenix Petroleum Philippines of businessman Dennis Uy, asked the Department of Energy to suspend the notice to proceed with its liquefied natural gas project, a government official said Tuesday. Energy Undersecretary Donato Marcos said Tanglawan sought for the suspension of the notice in the wake of Udenna […]
Phoenix converts Iloilo taxi fleet to auto LPG
Phoenix LPG Philippines Inc., the liquefied petroleum gas (LPG) arm of Phoenix Petroleum Philippines Inc. (PPPI), is converting over 200 registered fuel-powered vehicles operating in Iloilo City and nearby provinces to auto gas-powered cars. This after Phoenix LPG signed a conversion deal with GDR Taxi, one of the biggest taxi fleets in the region. Phoenix […]
AC Energy seals purchase of Chevron assets
MANILA, Philippines – AC Energy Holdings Inc. of the Ayala Group and its partners have sealed the purchase and acquisition of Chevron’s geothermal assets and operations in Indonesia. The Indonesian assets and operations include the Darajat and Salak geothermal fields in West Java, with a combined capacity of 637 megawatts of steam and power. These […]
Singapore’s Nexif Energy buys 94% in Vietnam’s Song Giang Hydropower Read more at: https://www.dealstreetasia.com/stories/singapores-nexif-energy-song-giang-hydropower-jsc-167078/
Nexif Energy, a Southeast Asian independent power producer headquartered in Singapore, has acquired 94 per cent stake in Vietnam’s Song Giang Hydropower JSC for an undisclosed sum, according to a statement. Song Giang owns two run-of-river hydropower projects totaling 49MW in the Khanh Hoa province of Vietnam. Read more at: https://www.dealstreetasia.com/stories/singapores-nexif-energy-song-giang-hydropower-jsc-167078/
Enagas to invest $836 million in Tallgrass Energy
MADRID, Dec 17 (Reuters) – Spain’s Enagas said on Tuesday it has agreed to invest $836 million in U.S. oil and gas pipeline operator Tallgrass Energy, as part of a takeover involving other investors. The group of investors, which includes Blackstone Infrastructure Partners and Singapore’s sovereign wealth fund, will buy out Tallgrass’ outstanding class A […]
Indonesia’s Medco Energi produces first oil from field in Thailand
Indonesian oil company Medco Energi Internasional is producing an initial 12,900 barrels of oil per day (bopd) from its offshore Bualuang oil field in Thailand. The company, publicly listed on the Indonesia Stock Exchange as MEDC, said in a statement on Tuesday that production was expected to ramp up to 14,000 bopd once the company finished […]
