Malaysia’s Petronas registers higher profit in Q3 on higher oil prices

KUALA LUMPUR, Nov. 30 (Xinhua) — Malaysia’s state-owned energy firm Petroliam Nasional Bhd (Petronas) announced Wednesday the firm posted higher profit in the third quarter that ended Sept. 30 due to favorable price impact for major products and the favorable impact of the exchange rate.

Philippines regulators consider energy storage ownership rules and definition – report

The Philippines Department of Energy (DOE) and regulators are considering changing rules governing ownership of grid-connected energy storage systems. The current classification of energy storage as generation could be hindering investment in an asset class the Philippines needs to see more of to ensure stable and cost-effective operation of its electricity networks.