Indonesian President Joko Widodo on Wednesday ordered his energy ministry to scrap an increase in retail gasoline prices within hours of its announcement. But with the crude marching higher and the currency slumping to a two-decade low, Widodo, known as Jokowi, is only delaying the inevitable. Jokowi, who’s seeking re-election in a vote scheduled for […]

Senator Sherwin Gatchalian said the Duterte administration must be more aggressive in its pursuit of energy self-sufficiency by launching an aggressive program to explore and develop the country’s untapped oil and natural gas resources. Gatchalian, chairman of the Senate energy committee, made this call following the latest round of global oil price hikes, which he […]

Deep below the ancient volcanoes scattered around the Philippines sits a simmering stockpile of intense heat that officials hope will help revive the nation’s sputtering green energy machine. The Philippines — thanks to its spot in the Ring of Fire zone of Pacific volcanoes — has long been one of the world’s top producers of […]

SINGAPORE — To do more to limit global warming, Singapore can reduce the use of natural gas for its energy needs, boost the efficiency of buildings and transportation, and share environmental solutions with counterparts in South-east Asia, experts in the field said. Their comments came in the wake of a new report by a United […]

BRENT crude oil prices are up more than 30 per cent this year and holding – but it won’t be a case of a rising tide lifting all boats. While the rally stirs hope for investors tracking the oil and gas sector, high oil prices are a concern for consuming companies in the aviation and […]

A GROUP of solar energy developers has stepped up its opposition to the nationwide franchise being sought by Solar Para Sa Bayan Corp. as it questioned the “low” electricity rates company owner Leandro L. Leviste claimed to offer. In a statement, Philippine Solar and Storage Energy Alliance (PSSEA) said the cost of electricity being offered […]

JAKARTA, NNC – Indonesia Minister of Energy and Mineral Resources Ignasius Jonan onTuesday (10/09) received the visit of the Minister of Foreign Trade and Development of Finland, Anna-Mari Virolainen. The meeting was then followed by the 2018 Indonesia-Finland Business Seminar. During this visit, Finland brought business delegates representing various sectors. Jonan revealed that the long-term cooperation […]

RAPID refinery completion will free MYR15-20 billion/year capex Oil price rebound allows Petronas to start new investment cycle Petronas spends MYR30 billion/year just to maintain reserves. Singapore — Malaysia’s national oil company Petronas is poised for its next wave of investments, in line with the recent final investment decision on the LNG Canada project, as […]

THE launch in South Korea on Monday of the Intergovernmental Panel on Climate Change (IPCC) report on avoiding runaway global warming hammered home some stark realities about the need to rapidly address climate change. The report stated that keeping warming to 1.5 rather than two degrees could save 10 million people from losing their homes […]

NUSA DUA, Indonesia (Reuters) – Indonesia is looking into converting two of the country’s older crude oil refineries into plants for producing biofuels, a cabinet minister said on Tuesday. The government is conducting a study with Italian energy company ENI, which has successfully converted one of its refineries to the production of biofuels, Rini Soemarno, […]