TotalEnergies exits from Myanmar amid political turmoil
French energy major TotalEnergies has ‘definitively’ withdrawn from Myanmar, citing the deteriorating human rights situation in the country caused by last year’s military coup. In January this year, the French firm announced its decision to exit from the Yadana field and from the associated pipeline firm Moattama Gas Transportation Company (MGTC) in Myanmar, without seeking any financial […]
TotalEnergies says limited by legal framework on Myanmar action
Energy giant TotalEnergies(TOTF.PA) said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.
Towards achieving 1 million BOPD, 12 BSCFD production targets
Indonesia is one of the fastest growing economies in the world, which also drives up the demand for energy. The country has been a net oil importer since 2003, owing to the high domestic demand for energy and declining national oil production.
Toyota buys Egat’s first REC for fuel
State-run Electricity Generating Authority of Thailand (Egat) has started trading its Renewable Energy Certificates (REC), with Toyota Motors Thailand the first buyer to support efforts to reduce greenhouse gases.
Traders see little change to fuel prices in the short term
Oil prices have spiked by more than 6 percent since the US killed top Iranian military commander Qasem Soleimani in a drone strike ordered by President Donald Trump on January 3. Prices in Asia climbed to almost US$65 a barrel for the first time in four months on Monday amid fears that the US airstrike […]
TransCo seeks higher Fit-All
STATE-RUN National Transmission Corp. (TransCo) has filed its application to collect feed-in tariff allowance (FiT-All), a subsidy given to renewable-energy (RE) developers. In its filing dated July 17, 2019, TransCo said it is seeking the Energy Regulatory Commission’s (ERC) approval for FiT-All amounting to P0.2278 per kilowatt-hour (kWh) that shall take effect in the January […]
Transition to cleaner energy will involve ‘trade-offs’, EMA to reduce cost impact where feasible: Chief executive
SINGAPORE: Trade-offs are inevitable as Singapore transitions to cleaner energy, but the Energy Market Authority (EMA) will seek to manage this and minimise the impact of costs where feasible, its chief executive Ngiam Shih Chun told CNA.
Transitioning to clean energy will be national policy direction: govt
Energy and Mineral Resources (ESDM) Minister Arifin Tasrif affirmed that the direction of the national energy policy going forward is energy transition from fossil fuels to clean energy to lower emissions and be environment friendly.
Truckers protest diesel prices at Ministry of Energy
A protest by truckers took place on a Bangkok highway yesterday to bring attention to the high price of diesel. The truckers are calling for a cap on fuel prices, and drove in a convoy to the Ministry of Energy to make their demands known.
Tug of war: Stakeholders clash over nuclear, fossil fuel addition to green energy bill
Green energy businesses and watchdogs are up in arms over the House of Representatives’ decision to add nuclear and “new” fossil fuel technologies into a landmark green energy bill.