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Dennis Uy investing in PXP Energy

PXP ENERGY CORP. is raising P7.11 billion from the subscription of its shares by affiliate Philex Mining Corp., and a holding firm owned by businessman Dennis A. Uy. In a disclosure on Thursday, the crude oil and natural gas explorer said its board of directors had approved the subscription by Uy’s Dennison Holdings Corp. to […]

China Ready to Produce Oil, Gas With Philippines in South China Sea – Minister

China is ready to study the possibility of joint oil and gas production with the Philippines in the South China Sea, Chinese Foreign Minister Wang Yi said. “The Chinese party is ready to continue exploring the possibility of joint development of oil and gas [fields] in the South China Sea together with the Philippines. To […]

Myanmar’s gas production dilemma

As the scramble for more power sources intensifies, focus has centered on tapping Myanmar’s gas fields to meet demand. But can the country afford its own gas? Myanmar is under pressure to double its power production capacity to 6000 megawatts (MW) within the next two years, in order to meet rising demand. Several power generation […]

PV Power nine-month profit exceeds plan

HÀ NỘI — PetroVietnam Power Corporation (PV Power) reported revenue and pre-tax profit of VNĐ24.8 trillion (US$1.06 billion) and VNĐ1.8 trillion, respectively, in the first nine months of the year. These results are equivalent to 106 per cent and 124 per cent of the annual plan, respectively. After-tax profit was estimated at VNĐ1.4 trillion. According […]

Petronas calls for collective action in gas advocacy

KUCHING: Petroliam Nasional Bhd (Petronas) has urged all stakehol Petronas calls for collective action in gas advocacyders in the liquefied natural gas (LNG) industry to take concrete actions to advocate natural gas, LNG and its role in the global energy mix, as a collective effort towards a sustainable market ecosystem. Petronas pesident and group chief […]

Sembcorp fires up 225MW gas-fired plant in Myanmar

It is expected to generate 1,500GWh of power and support the power needs of 5.3 million people. Sembcorp Industries’ 225MW gas-fired Sembcorp Myingyan Independent Power Plant (IPP) in Mandalay, Myanmar, has started full commercial operation following its first phase operation in May 2018. According to an announcement, the $300m plant uses combined-cycle gas turbine technology that […]

Coal? Think Again

IN the past few weeks, we have felt the aftershocks of catastrophic weather that struck neighbouring nations. It hit closer to home when the Malaysian Meteorological Department put Sabah on tsunami watch on Oct 13. Unstable climatic patterns, occurring at greater frequency and intensity, are reportedly the outcome of human activity. The situation may get […]

Philippines Hopeful Xi Visit Brings South China Sea Energy Deal

Philippine Energy Secretary Alfonso Cusi is optimistic that a deal to jointly explore disputed areas of the South China Sea for oil and gas will finally move forward when President Xi Jinping visits next month. Terms for an agreement between the Philippines and China may be finalized during Xi’s visit, Cusi said in an interview […]

Schneider Electric donates 1,000 portable solar lamps to PMI for Palu

Global energy management company Schneider Electric has distributed 1,000 portable light-emitting diode (LED) lamps that uses solar energy to disaster-affected areas in Central Sulawesi, it has said in a statement received on Tuesday. Schneider Electric Indonesia said the Mobiya portable lamps could store electricity and be used for up to 48 hours. The statement said […]

UPDATE 1-Petronas supplies first LNG cargo to marine-fuel vessel ahead of IMO 2020

SINGAPORE, Nov 1 (Reuters) – Malaysia’s state energy firm Petroliam Nasional Bhd on Thursday supplied its first liquefied natural gas (LNG) cargo to a newly built LNG marine fuel supply vessel ahead of a new mandate for ships to switch to cleaner fuels in 2020. Petronas LNG, loaded the cargo onto the world’s largest LNG […]