Philippines First Gen Corps signs 5 years contract with Norway BW Gas Ltd.

A subsidiary of First Gen Corp. has entered into a five-year contract to charter a liquefied natural gas (LNG) carrier from a unit of Norway-based BW Gas Ltd. in line with the Lopez-led company’s offshore gas terminal project in Batangas. First Gen said in a statement on 6 April 2021 that floating storage regasification unit […]

Southeast Asian Producers Want To Tie Their Future to Region’s Growing Energy Demand

Southeast Asian operators sit in the middle of the world’s fastest growing economic region where energy demand is expected to double over the next 20 years. But this picture of growth has been juxtaposed with the region’s declining oil and gas production—most of which comes from offshore fields—that has left it increasingly reliant on imports […]

Thai Road to COP 26 : NDC, Climate Change Bill & green finance

Ahead of COP 26, Thailand is making good progress in the process of enacting its first law directly targeting climate change and its commitment to meet the Paris Agreement goals. On October 20, 2020, the country submitted its NDC to the UNFCCC secretariat and on March 1st, 2021, Thai Deputy Prime Minister Prawit Wongsuwan has […]

O&G services companies never really recovered from 2016 downturn and prospects remain weak, says Moody’s

KUALA LUMPUR (April 7): Upstream oil and gas services companies have never really recovered from the 2016 downturn, and the trend in energy transition will pose another challenge in their path towards recovery, said Moody’s Investors Service. On top of that, prospects for the sector remain weak on the back of recent capex cuts, said […]

Mekong River Commission unveils strategy and action plan

The Mekong River Commission (MRC) released a ten-year basin development strategy and a five-year strategic plan Monday to address challenges and improve the state of the basin. In a statement released in Vientiane, the MRC said it expected to spend more than US$60 million on the strategic plan over the next five years. It said […]

Digital and green strong avenues of growth for ASEAN and UK

The UK’s long-awaited Integrated Review, outlining its international priorities in a post-Brexit world, has been released. Whilst it is wide-ranging in focus, there is a clear and strong tilt towards opportunities in digital and climate change within Southeast Asia. This should be welcome news for Asean member states, especially if the UK becomes a viable […]

Entrepreneurs under i-Usahawan programme feted

Total Brunei hosted an appreciation lunch in recognition of the positive development and progress of its i-Usahawan contractors at The Garden’s Veranda in Rimba yesterday. Two contracts were awarded under the i-Usahawan programme spearheaded by the Ministry of Energy. HMS Enterprise, specialising in air-conditioning service and maintenance, was awarded in 2019; and Sparkling Domestic Divas, […]

KeTSA honours National Energy Awards 2020 winners

THE Ministry of Energy and Natural Resources (KeTSA) recently honoured winners of the National Energy Awards (NEA) 2020, comprising 15 companies across various industries and fields, who later represented the country at the Asean Energy Awards (AEA) 2020. At AEA 2020, the categories were Green Building Awards 2020; Energy Management for Buildings & Industry Awards […]

Indonesia’s Krakatau Steel to build 40 MW floating solar power station

JAKARTA (The Jakarta Post/ANN): State-owned steelmaker Krakatau Steel plans to build a 40 megawatt (MW) floating solar photovoltaic (PV) power station in Banten to power the operations of its water treatment subsidiary, PT Krakatau Tirta Industri (KTI). KTI signed a US$14 million deal on Monday (April 5) with energy company Akuo Energy Indonesia, a subsidiary […]

BW wins FSRU deal for Philippines’ maiden LNG imports

irst Gen has awarded a five-year deal that will see Norway’s BW Gas Limited supply a floating storage regasification unit (FSRU) to support its Interim Offshore LNG Terminal project in the Philippines. First Gen said that the FSRU will allow it to accelerate its ability to introduce LNG to the Philippines as early as Q3 […]