Gas prices seen higher, diesel down
MANILA, Philippines — Oil companies are expected to reduce diesel prices but raise gasoline rates this week. Unioil Philippines said there would be a rollback for diesel while gasoline will have a price increase. “Diesel should go down by P0.20. Gasoline should increase by P0.60 to P0.70,” it said.
Wind power plant set to operate in Ninh Thuận
NINH THUẬN — Technical operation for 16 wind turbines began at a wind-power farm in the south-central province of Ninh Thuận on Saturday. The turbines will supply 179 million kilowatts per hour (kWh) of electricity per year from the second half of this year.
Vestas wins new order for two wind energy projects in complex terrain in Vietnam
Vestas has secured another order in Vietnam for two wind power projects totalling 64 MW located in complex mountainous terrain in Quang Tri province. Leveraging its extensive siting and project planning capabilities, Vestas was able to help the customer pick the right wind turbines for the wind farm projects’ specific wind conditions to achieve the […]
Global oil price crash leaves ASEAN economies staring down the barrel
As the price of oil has plummeted to its lowest point since 2002, some of Southeast Asia’s biggest economies are feeling the pressure. A price war between Russia and Saudi Arabia started to drive prices down earlier this year. Then the COVID-19 outbreak sent it spiralling. The pandemic’s spread has seen flights grounded and people urged to […]
Petrol prices drop to $2 level, a week after crude oil’s record lows
Pump prices here have fallen by up to six cents a litre, a week after crude oil plunged to record lows. Latest updates by fuel price tracker Fuel Kaki – managed by the Consumers Association of Singapore – showed that the price of 95-octane petrol, the most popular grade here, was $2.04 across all brands by […]
KrisEnergy secures $87 million loan facility for Phase 1 of Apsara oil fields in Cambodia
KrisEnergy (Apsara) Company Ltd, the concession holder for Cambodia’s Block 1 offshore oil field has secured a credit facility agreement of $87 million. The credit facility agreement was signed with Kepinvest Singapore Pte and constitutes project financing for the funding of the funding of the development of the Group’s near-term development project at Cambodia Block A, […]
Vestas secures 64MW double in Vietnam
Vestas has secured turbine orders totalling 64MW for two wind farms in Quang Tri province, Vietnam. The deals are for the supply, transport, installation and commissioning of 16 V150-4.2MW machines delivered in 4.0MW operating mode. The two projects are owned by local companies, Huong Tan Wind Power and Tan Linh Wind Power.
Indonesia rejects miners’ proposal to end nickel ore export ban
JAKARTA, April 29 (Reuters) – Indonesia’s Coordinating Ministry for Maritime Affairs and Investment has rejected a proposal by nickel miners to allow the export of nickel ore again, the ministry’s spokesman, Jodi Mahardi, told Reuters on Wednesday. The Indonesian nickel miners’ association (APNI) proposed this month that the country allow exports of nickel ore to cushion […]
