First Gen watches ‘very low’ LNG prices as PHL prepares to import
THE current low prices of liquefied natural gas (LNG) in the world market are favorable for the Philippines as a future buyer of the imported fuel, an official of Lopez-led First Gen Corp. said. “International LNG and oil prices are now at very low levels which bodes well for the Philippines as a potential new importer […]
Indonesia to discuss how to continue biodiesel program amid falling fuel prices
JAKARTA: Indonesia’s ministry of economic affairs is set to discuss how the country will continue its ambitious biodiesel programme, a ministry official told Reuters on Wednesday. The economic affairs ministry will meeting on Wednesday to decide the government’s next moves to ensure the continuity of a mandate which requires biodiesel to have 30 per cent bio-content (B30) made […]
Bukit Asam to cut capex amid falling demand from PLN, India
State-owned coal miner PT Bukit Asam (PTBA) plans to cut its capital expenditure (capex) this year amid falling power demand in India and at home as the company books a sharp profit slump in the first quarter. The miner initially budgeted Rp 4 trillion (US$264.9 million) of capex for 2020, mostly to develop a giant coal-fired […]
Việt Nam offers tremendous investment opportunities: VinaCapital CEO
HCM CITY — Consumer goods, healthcare, energy, construction materials, infrastructure, and technology are among the sectors with enormous potential for investment in Việt Nam once the COVID-19 pandemic subsides, an expert has said. Don Lam, co-founder and CEO of fund management company VinaCapital, recently spoke to a group of Korean investors through video conferencing about Việt […]
Singapore air quality improves amid reduced activities
Singapore’s air quality has improved as a result of reduced economic and social activities brought about by the coronavirus outbreak. In response to queries from The Straits Times, the National Environment Agency (NEA) said key pollutant levels have been falling even before the circuit breaker measures started. The levels fell further after the measures kicked in […]
Minerva Bunkering on expansion drive after bolstering Singapore presence
Minerva Bunkering, among the world’s largest bunker fuel players, continues to seek growth opportunities globally, both organically and via acquisitions, as it expands its role as a physical bunker supplier while also strengthening its trading activities, company CEO Tyler Baron told S&P Global Platts in an interview.
Cambodia Invites Firms for 4 Coal Mining Concessions
Cambodia’s Ministry of Mines and Energy is set to review applications soon for rights to four coal mining concession areas totalling 794 square kilometre, it opened late in March in the Kingdom’s north. It said “Interested national and international companies can apply for a mining licence at the General Department of Mineral Resources. It will […]
KrisEnergy reviewing commerciality of oilfield operations offshore Thailand
KrisEnergy has implemented health and safety measures in all its offices and field locations across Southeast Asia, as mandated by host government authorities. The company has taken steps to remove all non-essential personnel from field operations and lengthen shift rotations at its operated Wassana oil field in the G10/48 concession in the Gulf of Thailand.
