- Renewables
15 September 2020
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- Singapore
Sembcorp Industries has signed a multi-year energy deal with tech giant Google, with a focus on locally sourced renewable power to support Google Singapore’s operations.
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Sembcorp Industries has signed a multi-year energy deal with tech giant Google, with a focus on locally sourced renewable power to support Google Singapore’s operations.
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In a recent weekly report, shipbroker Banchero Costa said that “the coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand due to global shift towards cleaner energy.
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The economic trauma caused by the coronavirus pandemic has pushed energy companies to step-up investment in renewables, hydrogen, and other low carbon alternatives, but fossil fuels will be their dominant business for the foreseeable future, industry executives said.
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With novel coronavirus cases surging in many parts of the world and more people working from home, the recovery in global oil demand is likely to be slow in the coming months.
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Local firm Troika Giant Power Corp has applied for a block in Mindoro basin, while PXP Energy Corp offered to explore one of the three blocks in Recto Bank, also known as Reed Bank, in the South China Sea.
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The Department of Energy (DOE) has opened the bids submitted by parties interested to explore untapped energy resources in the West Philippine Sea under the Philippine Conventional Energy Contracting Program (PCECP).
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The Asian Development Bank (ADB) should support community microgrids as part of a shift away from fossil fuels, according to an advocacy group based in the Philippines.
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The southeast Asian nation has made slight improvements to its 2030 climate plan but still expects emissions to increase rapidly over the next decade