News

Philippines endorses five oil and gas contracts

Philippines endorses five oil and gas contracts

The Department of Energy awards contracts to eight local and foreign companies.

Filipino and Malaysian company in oil exploration JV

Basic Energy Corporation and Malaysian firm Petrosolve Sdn Bhd intend to expand global operations.

Vietnam to build second oil refinery

Foreign investors will own most of the US$9 billion refinery, however.

Solar concentration plants proposed for Australia's Goldfields

West Australian Greens Senator Scott Ludlam is proposing solar concentration plants for Goldfields region.

Australia may stop building coal-fired power plants

Building wind power farms is now 14 percent cheaper than a coal-fired power station.

Indian firms push for renewable energy investments

Government incentives have persuaded several Indian groups are all making a concerted push into renewables.

US approves Chinese takeover of Nexen

Approval by the Committee on Foreign Investment in the United States cements the deal.

Australian firm finances Indonesian power project with sukuk

Islamic bonds will finance a 250 MW Indonesian project.

Vietnam gets French loan to upgrade for power grid

Vietnam will get a 75 million Euro credit from France to upgarde its power transmission network.

Tohoku Electric to hike power rates by 11%

It’s their first tariff increase in 33 years.

Mitsubishi to supply turbines for Hyundai power project

Power plant will be Saudi Arabia’s first with supercritical pressure steam turbines.

New Zealand's first tidal power station gets approved

New Zealand's first tide-driven power station to be set up at Kaipara Harbour has been approved.

Vietnam achieves 96% electrification with renewables

Vietnam's move to turn away from coal towards renewable energy resulted in 96 percent electricification.

Coal stocks up in China

Large drop in electricity consumption leads to large coal inventories.

Bangladesh to fund 5 power projects with hard $1.5-B loan

The Bangladesh government will utilize US$1.5 billion export credit agency loans to fund five power projects.

China comes to rescue of the UK’s nuclear program

State-owned China Guangdong Nuclear Power Group could build four nuclear plants.

Philippine JV to add 100MW of clean energy to grid

Deal will build the Philippines’ largest biomass power plant.