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Fuel prices up by P1.80 to P2.10 per liter starting July 18

A big price hike awaits motorists as oil companies announced they are increasing their pump prices by up to P2.10 per liter effective Tuesday, July 18.

Reservoir Link secures contract from Hibiscus Oil & Gas Malaysia

Reservoir Link Energy Bhd has secured a three-year contract from Hibiscus Oil & Gas Malaysia Ltd for the provision of slickline perforation and specialised services.

Singapore launches consultation on coal phase-out criteria

Singapore’s central bank has launched a public consultation on the detailed threshold and criteria for incorporating the financing of phasing out coal-fired power plants into its green finance taxonomy.

LDP urges better planning of power supply in Sabah

After 60 years of independence, he said Sabah only has 1,080 megawatts (MW) of power supply for the entire state, while West Malaysia has 25,962 MW and Sarawak has 5,996 MW.

Power firms shifting focus to green projects with Cambodia standing to gain

Chinese companies’ investment in new energy globally surges 55.6% in 2022 Chinese power companies are increasingly focusing on renewable energy projects such as solar and wind power globally, an industry report showed.

Govt subsidises $150M to stabilise electricity tariffs in 2023

The government has continued to subsidise $150 million to the state-owned Electricité du Cambodge (EDC) in 2023 to stabilise electricity tariffs and ensure sufficient power supplies for households and businesses as global energy prices remain high.

Minister: New green electricity tariff set at 21.8 sen/kWh effective August 1

The new tariff for the Green Electricity Tariff (GET) is set at a rate of 21.8 sen/kWh effective August 1, the Ministry of Natural Resources, Environment and Climate Change said today.

Unbalanced operations, slow investment in grids blamed for Vietnam’s power outages: ministry

Vietnam’s state utility EVN’s unbalanced operations and slow investment in power sources and grids contributed to abrupt power outages recently, local media reported on Thursday.

ESDM Ministry commits to supporting renewable energy transition

The Energy and Mineral Resources (ESDM) Ministry’s coordinator for electricity environmental protection, Bayu Nugroho, has affirmed the ministry’s commitment to supporting efforts to transition to new and renewable energy (EBT) to reduce pollution in Indonesia.

NYK Joins Singapore’s GCMD To Accelerate Shipping’s Decarbonization

The Global Centre for Maritime Decarbonization (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) July 4 signed a five-year strategic partnership agreement. This partnership further boosts the center’s capacity and efforts to conduct pilots and trials of low-carbon solutions to provide clear and specific pathways to decarbonization of the global shipping industry.