Singapore’s Pavilion Energy signs 10-year LNG deal with BP

Singapore’s Pavilion Energy has signed a 10-year deal to buy liquefied natural gas (LNG) from BP’s (BP.L) Singapore unit starting in 2024, the companies said on Wednesday, as the city-state seeks to diversify its gas supply sources.

Oil hopes alive even after driller files for liquidation

KrisEnergy Ltd, the operator of the Apsara oil field development offshore Cambodia, has confirmed that all operations of its subsidiary in Cambodia, KrisEnergy (Cambodia) Ltd, will continue as normal, despite its parent company filing for liquidation on June 4, according to a senior official of the Singapore-based oil and gas exploration company.

Philippines rounding up funding to support sustainable energy shift

THE Department of Finance (DoF) said it is currently in talks with various development partners such as the Asian Development Bank (ADB), the UK government and the World Bank to support the Philippine energy industry’s pivot to renewables.

Singapore-based waste management startup Blue Planet buys UK biogas energy company

SINGAPORE-BASED waste management startup Blue Planet Environmental Solutions has acquired Qube Renewables, which specialises in generating energy from locally occurring organic waste streams.

DBP grants P750-M credit line to boost renewable energy storage

MANILA – State-owned Development Bank of the Philippines (DBP) has granted a PHP750-million revolving credit line to a fledgling energy firm for the manufacture and export of cost-effective and sustainable energy storage systems for power generation activities of renewable energy companies, a top official said.

Vietnam may have to reduce renewable power in next five years: institute

Hanoi (VNS/VNA) – It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy.

KrisEnergy proceeds towards liquidation

KrisEnergy’s production dreams in the Khmer Basin are dead in the water after the beleaguered independent oil and gas exploration company revealed it was heading into liquidation.

Minister Tasrif inaugurates Merakes gas project in East Kalimantan

Jakarta (ANTARA) – Energy and Mineral Resources Minister Arifin Tasrif inaugurated the Merakes gas field development project, with an investment value of US$1.3 billion, in East Sepinggan, off the coast of East Kalimantan, on Tuesday.

Indonesia to retire coal-fired power plants while also adding more

JAKARTA — Indonesia says it will begin retiring coal-fired power plants for good — while still continuing to build more than a hundred new ones, in the latest mixed message from one of the last coal-friendly countries in the world.

PHL needs flexible power plants amid rotating outages

SMC Global Power Holdings Corp. (SMC), one of the major suppliers of power to the national grid in the Philippines, has partnered with ABB to install battery energy storage system (BESS) facilities as part of its nationwide BESS Project.