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Awarded: Geotechnical contract for Vietnam offshore wind farm

The La Gan Wind Power Development Corporation owned by Copenhagen Infrastructure Partners (CIP), Asiapetro and Novasia, has awarded an offshore geotechnical contract to a consortium led by Vietsovpetro, PTSC G&S and Fugro.

Singapore’s grip on US$30b oil market challenged by China

Singapore is facing the greatest competition yet to its status as the dominant marine fuel supplier in Asia, with China luring more ships to its shores following a rapid expansion of its port and refining facilities.

Gas-fired plant to get the nod

Government agencies are set to approve a 1,400-megawatt gas-fired power plant project in Surat Thani this year, replacing two highly contentious coal-fired power plant projects in the southern region.

Govt raises P257B from fuel-marking

The government generated more than P257 billion in duties and taxes through its fuel marking program, data released by the Department of Finance (DOF) on Monday showed.

Udenna unit ‘financially ready’ to operate Malampaya project

UDENNA Corp. subsidiary Malampaya Energy XP Pte Ltd. said it is financially prepared to operate the Malampaya project as its pending acquisition of shares in the gas field’s operator Shell Philippines Exploration B.V. (SPEx) was fully underwritten and funded through bank loans.

Analysis: Vietnam’s BSR may wait for oil prices to cool before tying up African crude term supply deals

Vietnam’s state-run Binh Son Refining and Petrochemical, or BSR, is growing fond of African crude after its Dung Quat refinery successfully tested various light sweet grades produced from the region, but the company may not rush to sign any term supply deals due to high outright prices and fragile domestic fuel demand.

Indonesia:1m bpd oil production target expected to fuel growth of energy insurance

Energy insurance business in Indonesia is considered to hold good prospects with ongoing production activities and a projected increase in consumption. Insurance protection business is also considered to be boosted by a production target of 1m barrels of crude oil per day.

SPEX to undertake 6-month ‘transition operation’ in Malampaya handover

As it will be handing over the Malampaya gas field venture to a non-technical buyer, Shell Philippines Exploration B. V. (SPEX) indicated that it will be providing a “six-month transition operation” on the facility as part of the handover process to new owner Malampaya Energy XP Pte. Ltd. (MEXP), which is a subsidiary of the […]

Russia is promoting natural gas to Southeast Asia as an ‘eco-friendly’ fuel

The world’s second largest gas producer is heavily marketing the fossil fuel as a clean alternative to coal to meet Southeast Asia’s growing energy needs — just as the significance of natural gas as a bridge fuel is called into question.

Gas Malaysia’s tariff hike to have positive impact on its spread

HIGHER gas costs would have a positive impact on Gas Malaysia Bhd’s spread and its retail margin, Maybank Investment Bank Bhd (Maybank IB) analyst Tan Chi Wei noted in a research note yesterday.