Shell Singapore appoints new country chairwoman
SINGAPORE, Dec 13 (Reuters) – Shell Singapore, a unit of Royal Dutch Shell, has appointed a new country chairwoman who will assume the position from January next year, the company said in a statement on its website. Aw Kah Peng, who is currently general manager for Shell’s chemicals intermediates business in Asia Pacific, will succeed […]
Malaysia’s Petronas to ramp up LNG bunkering by mid-2019
Singapore — State-owned Petronas aims to start commercial LNG bunkering operations at several facilities across Malaysia by mid-2019, in a move that reaffirms the company’s efforts to compete in a key growing segment and support Malaysia’s strategic intent of becoming a regional LNG bunkering hub. Following the company’s first LNG bunkering operation at the Pengerang […]
Energy World revives talks with lenders for Pagbilao project funding
THE local unit of Australia-listed Energy World Corp. Ltd. (EWC) has revived talks with lenders to finance the completion of its 650 megawatt (MW) combined cycle gas-fired power plant after it has received certification from the government that the project is one of national significance. “We are in the process of finalizing the project funding […]
ERC poised to reconfirm Glow ruling
PTT’s Global Power Synergy wants to obtain Engie Group’s Glow Energy Plc, but regulators have turned down the proposal on anti-trust grounds. The Energy Regulatory Commission (ERC) is likely to adhere to its recent resolution to derail a takeover effort made by PTT’s unit Global Power Synergy Plc (GPSC) for Glow Energy Plc. ERC chairman […]
PV Oil to sell State’s stake
A PV Oil technician in Thừa Thiên-Huế pumps fuel into petrol tanks for distribution. — VNA/VNS Photo Huy Hùng Viet Nam News HÀ NỘI — PetroVietnam Oil Corporation (PV Oil), the second-largest petrol dealer in the country, will sell the State’s stake in a package deal instead of splitting it into different small sales, news […]
Indonesia’s Pertamina appoints SK, Hyundai for $4 bn refinery upgrade
JAKARTA: Indonesia‘s Pertamina on Monday said it had appointed South Korea’s SK Engineering & Construction and Hyundai Engineering & Construction as engineering and construction contractors for its Balikpapan refinery upgrade. The $4 billion project will be jointly undertaken by Indonesia’s PT Pembangunan Perumahan Tbk and Rekayasa Industri, Ignatius Tallulembang, director of large projects at the […]
Shell focuses on finding new Malampaya gas field
Shell Companies in the Philippines is pushing for more oil and gas exploration to find another Malampaya gas field, instead of putting up an import terminal for liquefied natural gas. “The economic question in LNG, if those who will use it are the existing ones we have, which are around 3 gigawatts of capacity, then […]
New tycoon leads players in next game-changing deals in energy
THEY say good things come in pairs. This adage appears to be shaping up to be true in the case of Davao-based businessman Dennis Uy, who has partnered with two Chinese firms for big-ticket projects in the country. Last month the National Telecommunications Commission (NTC) declared Mindanao Islamic Telephone Co. Inc. of Uy and China […]
Malaysia agrees to extend its oil output cut by six months
KUALA LUMPUR, Dec 8 (Reuters) – Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year. OPEC and non-OPEC producers agreed at a meeting in Vienna on Friday to a new level of production cuts from January to […]
Glencore’s Singapore head of oil takes over as LNG boss
GLENCORE’S head of oil in Singapore Quek Chin Thean has become the new director of the company’s liquefied natural gas (LNG) division after veteran Mark Catton retired at the end of October, sources familiar with the matter said. The move comes as the commodities trader and miner shakes up its leadership, making way for a […]