Adoption of nuclear power need not be BNPP; Russia’s small reactor tech possible option –Energy chief
The Philippines’ possible foray into nuclear power generation does not have to be the revival of the mothballed Bataan Nuclear Power Plant (BNPP), as the government looks into other viable options in tapping nuclear energy, Energy Secretary Alfonso Cusi said Wednesday. “To make the Philippines’ energy more secured and competitive, we want to include nuclear [power] […]
Mitsui aims to dispose of its stake in Paiton Energy of Indonesia
Japanese trading house Mitsui is looking for buyers for its stake in Paiton Energy of Indonesia, according to published reports, in what could be a US$1 billion deal. Mitsui owns 45.5% of Paiton Energy, which was established in 1994, and owns and operates three coal-fired power plants at the Paiton Power Complex in East Java.
Petronas’ capex cut another shock to local O&G companies
KUALA LUMPUR (May 27): Battered by plunging oil prices, local upstream oil and gas services companies were hit by another piece of negative news last Friday – that Petroliam Nasional Bhd (Petronas) plans to cut its annual capital expenditure by 21%, despite having said earlier that it would keep to what it had budgeted for […]
Petronas keen to buy 100 MW of Acme Solar’s Indian assets – report
May 27 (Renewables Now) – Malaysian oil and gas major Petroliam Nasional Bhd (Petronas) is holding talks to acquire 100 MW of photovoltaic (PV) assets from Indian solar developer Acme Solar, the Economic Times reports. Citing two sources in the know, the daily writes that the particular assets are located in Karnataka and are worth between […]
Philippines’ Petron suspends 180,000-bpd Bataan refinery as pandemic bites
MANILA, May 26 (Reuters) – Petron Corp, the Philippines’ largest oil refiner and retailer, said on Tuesday it has temporarily shut down its 180,000-barrel-per-day Bataan refinery on the main island of Luzon, as the coronavirus lockdown pummelled global oil demand. “Since May 5, Petron’s Bataan Refinery has been on a scheduled turnaround to give way to […]
DOE issues COVID-19 response protocol for energy sector
Department of Energy (Doe) Secretary Alfonso Cusi has signed the Administrative Order (Ao2020-05-0001), which provides the Response Protocol for the Coronavirus Disease 2019 (Covid-19). “It is imperative for the energy industry to observe a strict COVID-19 response protocol. Protecting the occupational health and safety of our employees is central to the unimpeded delivery of energy goods […]
11 companies sign deals to buy gas at lower prices
Eleven companies have signed agreements with gas producers to buy cheap natural gas as part of the government’s incentive to boost Indonesia’s economic growth. Four manufacturers and seven gas distributors will, respectively, purchase gas at US$6 per million British thermal unit (mmbtu) and $4 per mmbtu directly from oil and gas fields. The distributors will […]
Pertamina opens up new oil and gas well despite weak oil prices
Pertamina Hulu Mahakam (PHM), a subsidiary of state-owned oil company Pertamina, is opening up a new oil and gas field in the country to find new reserves despite a sharp fall in crude oil prices. PHM began on May 21 drilling a new oil and gas exploration well in the Peciko Field, Mahakam Block, which […]
