San Juan in La Union declared coal-free
MANILA, Philippines – (UPDATED) The San Juan municipal council on Monday, March 11, passed an ordinance declaring the town coal-free via a unanimous vote. Authored by councilor Miguel Corleone Magsaysay, Resolution No. 03-2019 declared the municipality of San Juan environment-friendly and coal-free. The ordinance also bans the construction, development, and operation of coal-fired power plants […]
San Miguel Drops Coal Projects From Expansion Plans
San Miguel Corp., one of the Philippines’ largest power generators, will drop new coal projects from its expansion plans as it prepares for a transition to a low-carbon future.
Second straight week of major fuel price hikes set Tuesday
Oil firms are set to implement a major hike in pump prices of petroleum products this week, marking the second straight week of increases. In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Inc. said they will hike prices per liter of gasoline by P2.15, diesel […]
Sembcorp to book $212 million impairment on Chinese coal venture in first-half results
SINGAPORE – Sembcorp Industries will book an impairment expense of $212 million in its first-half financial results, but it expects net profit to remain positive, the company announced before the market opened on Monday (Aug 2).
Semirara suspends coal mining activities
SUSPENDED. Semirara halts coal mining activities due to a mudslide. File photo from AFP MANILA, Philippines – Semirara Mining and Power Corporation (SMPC) suspended all mining activities covered by a particular contract, due to a deadly mudflow incident in Antique last October. In a disclosure to the Philippine Stock Exchange, the Consunji-led mining company said […]
Shell, PTTEP dial up Sarawak drilling with Noble rig
Noble Corp. said today that Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) had exercised three one-well options for the Noble Viking drillship. One of those wells has been transferred to PTTEP for the Rotan NFE appraisal well, offshore Sabah. The drillship should begin this well in December 2023, with work taking 21 […]
Shi.E.L.D. sees transhipment growth in Vietnam on rising coal imports
Vietnam’s increasing coal import volumes and shallow draft at bulk ports are fueling demand growth for the transhipment sector, according to transshipment logistics firm Shi.E.L.D. Services. “We see great opportunities in Vietnam as manufacturing and industrial economy continues to growth, demand for coal for power stations will continue to increase,” said Corrado Cuccurullo, ceo of […]
Singapore banks move to end Southeast Asia’s coal addiction
SINGAPORE — A push to end Southeast Asia’s addiction to fossil fuels is gathering pace after the region’s two biggest banks said they would stop funding coal-fired power plants. Singapore’s DBS Group Holdings said last month that it would cease financing new coal power projects from 2021 following the completion of existing projects in Indonesia and Vietnam, and […]
Singapore exploring partnerships to capture, store carbon dioxide as part of low-carbon push: Tan See Leng
SINGAPORE: As Singapore lacks suitable known geological formations needed to store carbon dioxide permanently underground, it is exploring partnerships with companies and other countries to do so .
Singapore firm to build US$1.7 billion coal power plant in Laos
The Lao government has approved a Singapore energy firm’s plan to develop a new US$1.7 billion thermal power plant in southern Laos’ Sekong province. Evolution Power Investment Corporation (EPIC) signed an agreement with Lao firm Khounmixay Bridge and Road Construction and Repair Company (KMX) to conduct a feasibility study for the project.