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 […]
Mako gas discovery offshore Indonesia gets resource boost
Gaffney Cline and Associates (GCA) has completed its resource audit for the Mako gas field in the Duyung PSC offshore Indonesia. According to partner Coro Energy, the results include a significant resource upgrade compared with the previous study, issued in January 2019.
Listed Chinese firm licensed to build another solar park
The Council for the Development of Cambodia (CDC) granted a business licence to Chinese panel maker Risen Energy (Cambodia) to build a 60 megawatt (mW) solar farm in Battambang province. According to the CDC, the project has a capital investment of $50.9 million, and it is expected to create 50 jobs.
Oz crew to survey Australia-Singapore cable route
Australian company Guardian Geomatics has been hired by Sun Cable to carry out initial surveys of a proposed cable route that would transport renewable energy from Australia to Singapore and Indonesia.Preparatory work will kick off this month, with Guardian Geomatics planning to use sister company Guardian Offshore’s vessel Offshore Solution (pictured) to deliver the work, starting later […]
Singapore banks seen facing lingering default risk in oil sector
Singapore — Recent financial failures and scandals of Singapore’s commodities traders, triggered by the oil price crash this year, highlight a lingering loan-loss risk facing major banks in the city-state. At least four commodities traders in Singapore – Hin Leong Trading (Pte.) Ltd., Zenrock Commodities Trading Pte. Ltd., Hontop Energy (Singapore) Pte. Ltd. and Agritrade Interntional […]
Meralco: ‘Bill shock’ could have been avoided with smart meters
MANILA, Philippines — Amid complaints of high electricity bills in May, Manila Electric Co. (Meralco) said the “bill shock” could have been avoided had the rollout of more smart meters, which is still waiting for the approval of the Energy Regulatory Commission (ERC), was in place across its franchise area. According to Meralco first vice president […]
Renewable energy museum, national park planned for Kampot
The government plans to build a Renewable Energy Museum and the Samdech Hun Sen National Park in Kampot to attract more tourists to the province, which is the second coastal area after Preah Sihanouk province. Kampot provincial governor Cheav Tay told The Post on Monday that the plan to construct the museum and park is in […]
