Investors offer to explore 3 oil blocks in West Philippine Sea
Investors have offered to develop three areas in the West Philippine Sea under the Philippine Conventional Energy Contracting Program, according to the Energy Department.
Unioil sets off price cut: P1.20/liter
Consumers can expect an oil price rollback of as much as P1.20 per liter this week to reflect the movement of price in the world market amid the ongoing coronavirus pandemic.
Philippines’ Oldest Conglomerate to Get Out of Coal by 2030
Ayala Corp., the Philippines’ oldest conglomerate, aims to fully divest from coal by 2030, a rare rebuke of the fuel in a region where its use is expected to grow.
GE signs contract for Vietnamese wind farm
GE has signed a contract with Phuong Mai Wind Power JSC, a Special Purpose Vehicle entity jointly invested by Truong Thanh Development and Construction Investment Joint Stock Company (DECONNIN JSC) and Hanoi Construction – Industrial Investment JSC (HANOINCO., JSC) to provide 11 2.4MW-116 turbines and technical advisory service for Phuong Mai 1 wind farm, Vietnam.
As palm oil for biofuel rises in Southeast Asia, tropical ecosystems shrink
Indonesia and Malaysia are looking to shore up demand domestically and in China, with the EU having changed course away from biofuels.
Electricity bill subsidies proposed
The Energy Ministry will ask the cabinet for approval to subsidise up to 100% of electricity usage in excess of what households used in February.
How TNB weathers through low power demand
Tenaga Nasional Bhd (TNB) is one of few FBM KLCI component stocks whose share prices have been able to recover from the recent global equity rout.
Thai power company acquires Yunlin stake
Electricity Generating Public Company (EGCO) Group in Thailand has completed the purchase of a 25% stake in the 640MW Yunlin offshore wind project off the coast of Taiwan
