Indonesia’s Pertamina Looks To Buy Crude, Gasoline In Rupiah
Higher oil prices, sliding local currency, and deteriorating government finances have led to Indonesia’s state oil firm Pertamina seeking to reduce expenses in U.S. dollars, and the company has issued tenders to buy spot crude oil, gasoline, and gasoil in its domestic currency the rupiah, or currencies other than the U.S. dollar, S&P Global Platts […]
Policies will continue to be adjusted to support the energy sector: Chan Chun Sing
SINGAPORE: The Government will not shy away from making tweaks and adjustments to policies if needed to support Singapore’s energy sector, given the changes in the global energy landscape, said Trade and Industry Minister Chan Chun Sing in an interview with Channel NewsAsia. “We will continually tweak our policies to encourage more innovation, to encourage […]
Singapore’s Pavilion Energy signs long-term LNG charter deal with BW
SINGAPORE, Oct 22 (Reuters) – Singapore’s Pavilion Energy has signed an agreement with commodities shipper BW Group for the long-term charter of two newly built liquefied natural gas (LNG) vessels, the company said on Monday. The 173,400 cubic metre vessels, expected to be delivered between 2019 and 2020, will add to Pavilion’s global portfolio and […]
New service to help companies cut carbon emissions, generate savings
SINGAPORE: Singapore companies can now subscribe to a service that will help them cut energy usage and carbon emissions by about 10 per cent, and in turn, generate savings. The service – called the Co-Pilot Hub – was launched on Monday (Oct 22) and is offered by software and services provider KBC. The hub is co-funded by […]
Air taxis will be tested in Singapore skies next year – here are 5 things to know about the Volocopter
A man who can fly, a robotic supermarket, and now, flying taxis? We are living in the future. Volocopter, a German aviation start-up, will be putting its air taxis to test in Singapore in the second half of 2019. In a statement on Wednesday (Oct 18), Volocopter said that the air taxi trials in Singapore […]
Govt readies additional supply of electricity to meet demand
Arrangements have been made to prepare sufficient electricity to meet rising demand next year, according to the Ministry of Electricity and Energy (MOEE). The rate of increase in electricity consumption typically rises by 15 percent per year on average. This fiscal year though, demand is expected to increase by 19pc. As such, the MOEE is […]
Philippines Scrambles to Find Undersea Energy as Import Prices Hit Consumers
TAIPEI — The resource-rich Philippines is doubling up development of its own fuel sources as world oil price hikes hit the largely impoverished population.On October 17, Philippine President Rodrigo Duterte signed a service contract with the Israeli energy exploration firm Ratio Petroleum to scout for fuel under the South China Sea, the Department of Energy […]
Philippines’ Ayala Corp. Pivots To Renewables With Vietnam Solar Investment
AC Energy, a subsidiary of Philippine conglomerate Ayala Corp., has pledged to use technology to improve lives and ensure a sustainable future for all. It recently announced a deal in Vietnam to build out 80 megawatts of solar electricity generation capacity, in advance of Vietnam’s June 2019 feed-in-tariff change. This is the latest in a string […]
PHL ‘seriously’ eyeing nuke energy–DOE chief
AFTER nearly 40 years, the government is now seriously considering the possibility of allowing the construction of nuclear power plants in the country. “The Department of Energy [DOE] is studying all sources of energy to address the energy security of the future. We’re pushing nuclear and last year finished the draft on national policy on […]