Red Dot Power has pulled out of the electricity market, saying yesterday that it has been a “financially challenging period” for the firm. The company was part of the initial soft launch for the open electricity market (OEM) in Jurong, signing up around 3,000 customers, including 120 households. When the open market roll-out to other […]

SINGAPORE, Jan 4 (Reuters) – Light distillate fuel stocks at Asia’s refining hub in Singapore have climbed to a record on surging supply, just as fears emerge of an economic downturn heading into 2019. Light distillate stocks in Singapore, which include the key transportation fuel gasoline and important petrochemical feedstock naphtha, rose by 1.47 million […]

JAKARTA, Jan. 4 (Xinhua) — Indonesian Energy and Mineral Resources Minister Ignasius Jonan said on Friday that the electrification ratio among the population has reached 98.3 percent in 2018, showing a continuous ratio growth since the current government started to function in 2014. “It is hoped that the ratio would grow further to 99.9 percent […]

Since sanctions by the United States (US) and European Union (EU) were lifted, Myanmar has enjoyed relatively strong economic growth. According to the Economist Intelligence Unit (EIU), Myanmar’s economy has grown at an average of 7.5 percent between 2012 and 2017. Its economy is slated to accelerate further, driven by a spike in private and […]

The oil and gas sector is looking exciting this year, with opportunities emerging from an international tender scheduled to take place early this year for the first time since 2014. In addition to onshore and offshore blocks, the tender is expected to include work in “Improved Petroleum Recovery” blocks at older oil fields in Myanmar. […]

JAKARTA: Indonesian state energy company PT Pertamina has signed deals to purchase crude oil produced from domestic fields by Chevron Corp, PetroChina and others, a company source familiar with the matter said. Purchases will start this month, including from other contractors such as Petrogas and Saka Energi Indonesia, the person said on Friday, without disclosing […]

Criteria for building a green and smart urban area for Hanoi include smart economy (competitive economy), smart mobilization (convenient transportation system – good technical infrastructure), smart residents (city with abundant and high-qualified human resources), smart environment (good living environment, natural resources reasonably used and preserved), smart urban management (e-government), good quality of life (all needs […]

The Energy Department officially recommended to the Department of Foreign Affairs the lifting of the moratorium on oil and gas exploration in the West Philippine Sea amid the enhanced relations between China and the Philippines, officials said. Energy Resource Development Bureau director Ismael Ocampo said the recommendation was submitted to the DFA, on the request […]

SINGAPORE — Some 900,000 Singaporean households will receive the next instalment of the GST Voucher – Utilities-Save (U-Save) rebate this month, the Ministry of Finance (MOF) announced on Wednesday (Jan 2). Eligible Singaporean households will each receive a GST Voucher – U-Save rebate of up to S$100, depending on their Housing and Development Board (HDB) […]

Malaysian utility Tenaga Nasional Berhad (TNB) via its wholly-owned subsidiary, TNB Energy Services Sdn. Bhd (TNBES), is to increase electricity supply for Tioman Island with solar and hydropower. The island, located 32 kilometres off the coast of Pahang, will have its mini-hydro station in Sungai Mentawak rehabilitated and solar panels installed on the rooftop of the […]