How to Determine Which Countries Have the Best Energy Policies
Which countries have the best energy policies? This is an interesting, and rather obvious, question, considering that every country’s energy practices impact the world in one way or another. But it’s one you don’t often hear asked.That is probably because it’s hard to compare countries in any sensible and fair way, given the differences in population, size, economy and resources.Still, the world needs to know who does it best. The challenge is to measure performance against a set of agreed indicators…
KrisEnergy Halts Thai Drilling and Production
Singapore-based upstream oil and gas company KrisEnergy has shut-in its producing Wassana oilfield off Thailand due to tropical storm Pabuk that entered the Gulf of Thailand.Southeast Asian company said in a press note that as a safety precaution due to Tropical Storm Pabuk, it has temporarily shut in oil production at the Wassana field in the G10/48 licence in the Gulf of Thailand and halted drilling of infill development wells…
ASEAN Adopts Oil Spill Contingency Plan
International Maritime Organization (IMO) technical assistance and institutional support has been instrumental in the recent adoption of the Association of Southeast Asian Nations (ASEAN) Regional Oil Spill Contingency Plan.IMO said that the plan was adopted by the 24th ASEAN Transport Ministers Meeting, held in Bangkok, Thailand (8 November). The Regional Oil Spill Contingency Plan provides for a mechanism whereby ASEAN Member States…
Cambodia to Boost Clean Energy Use
Cambodia will push ahead with plans to use hydropower and coal to electrify the entire country by 2020, but solar energy will play some role, especially in remote areas, an energy ministry official said on Wednesday.The Southeast Asian nation has electrified rapidly since 2000, when only 16 percent of the population had access to power, according to the World Bank.Today, 87 percent of villages and 73 percent of households are connected to the grid…
Etern Inks $1.1 Bln Bangladesh Power Grid Deal
China's Jiangsu Etern Co Ltd signed a deal worth $1.1 billion to strengthen the power grid network in Bangladesh, the company said on Thursday, ahead of a visit to the country by Chinese President Xi Jinping. The Power Grid Company of Bangladesh Ltd and Etern signed the four-and-a-half year deal to "expand, rebuild and upgrade Bangladesh's nationwide electrical network system", Etern said in a filing to the Shanghai stock exchange.
Green Appointed President, Chevron Asia Pacific E&P
Chevron Corporation (NYSE:CVX) today named Stephen W. Green president of Chevron Asia Pacific Exploration and Production effective April 1, 2016. Green, 58, succeeds Melody B. Meyer who is retiring from Chevron after 37 years of distinguished service to pursue other opportunities, effective June 1. Green, who is currently corporate vice president of Policy, Government and Public Affairs, will oversee Chevron's exploration and production…
Vietnam Raises Retail Petrol Prices, Cuts Oil Import Taxes
Vietnam raised retail petrol prices on Wednesday to match global oil prices but cut import tariffs on some oil products in an effort to trim prices and support businesses, its trade and finance trade ministries said. Import duty on diesel was cut to 10 percent from the 12 percent set on May 4, while tax on kerosene fell 7 percentage points to 13 percent and fuel oil tariff is down to 10 percent from 13 percent previously. The cut is designed to limit petrol price rises…
Malaysia's Pestech Unit to Build Cambodia Power System
A unit of Malaysia's Pestech International Bhd will develop the 230-kilovolt Kampong Cham-Kratie transmission system project in Cambodia, it said on Wednesday, after completing all relevant agreements. To be developed on a build-operate-transfer basis, the project marks Pestech's debut as an independent power transmitter on a concession basis. "The project will have no material effect on the revenue and earnings of Pestech for the financial period ending June 30…
China, Vietnam to Address Maritime Disputes
Senior Chinese and Vietnamese officials have agreed to settle their maritime disputes without resorting to "megaphone diplomacy", the official Xinhua news service said on Saturday. The agency's report follows a meeting in Hanoi on Friday between Chinese political advisor Yu Zhengsheng and Vietnamese Prime Minister Nguyen Tan Dung, and it comes as Beijing backs off from aggressive attempts to press its territorial claims in the South China Sea.
UK's SFO Nails First Convicts
Three men were sentenced today at Southwark Crown Court as a result of the Serious Fraud Office's investigation and prosecution of Sustainable Growth Group (SGG) including its subsidiary companies Sustainable AgroEnergy plc (SAE) and Sustainable Wealth (UK) Investments Ltd (SWI). All three were convicted following a prosecution which focused on the selling and promotion of SAE investment products based on "green biofuel" Jatropha tree plantations in Cambodia.
Study: Philippines Hardest Hit by Extreme Weather in 2013
The Philippines, Cambodia and India were the countries hardest hit by extreme weather events in 2013, according to a study unveiled on Tuesday at U.N. talks in Lima on a global deal to limit climate change. The report by Germanwatch, a think-tank partly funded by the German government, said the Philippines suffered most because 6,300 people died when Typhoon Haiyan struck a year ago and caused $13 billion in damage. A new storm is now threatening the country.
Successful Completion of Cendor MOPU Move
Marine Contracting has announced the successful move of the Cendor Mobile Offshore Production Unit (MOPU) from the Cendor field, offshore Malaysia to Batam, Indonesia for upgrade work en route to its eventual destination in the Wassana field in the Gulf of Thailand. The successful towing by Marine Contracting was carried out on behalf of the Cendor MOPU’s owner Singapore-based Kris Energy, an independent upstream oil & gas company who recently purchased the MOPU from Global Process Systems.
Cambodia Oil & Gas Bids to Start
Cambodia plans to open bids for concessions on 19 onshore oil and gas exploration blocks to promote investment in the sector, a senior official at the country's Ministry of Mines and Energy said on Wednesday. The Southeast Asian country is also keen to talk with international investors about acquiring stakes in six offshore blocks, Diep Sareiviseth, deputy director general at the ministry and in charge of international petroleum affairs, told reporters in Bangkok.
Joint Petroleum Development in South China Sea Makes Sense
Shared development of oil, gas and possibly other natural resources is the most promising option for reducing tensions in the South China Sea and should be the focus of efforts to improve diplomatic relations between China and its coastal neighbors. Joint development agreements (JDAs) are already common across Asia. Most of the countries with a disputed claim in the South China Sea have signed at least one joint agreement to explore for oil and gas…
AAE-1 Cable System Comes into Force
The AAE-1 Consortium, owners of the Asia-Africa-Europe-1 submarine cable spanning approximately 25,000 km connecting Asia, Middle East, Africa and Europe; and TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology, today announced that the contract for the majority of segments of the AAE-1 system has come into force. AAE-1 will link Asia, the Middle East, Africa and Europe with low latency, high capacity transmission.