The Philippines to Allow 100% Foreign Ownership in Renewable Energy

The Philippines to Allow 100% Foreign Ownership in Renewable Energy

In a landmark move to increase the power generation capacity and make the Philippines less reliant on imported fuels, the country’s Department of Energy (DOE) has recently approved 100% foreign ownership of renewable energy projects. Before 2022 ended, the DOE...
Petronas Makes Significant Oil and Gas Discovery Offshore Malaysia

Petronas Makes Significant Oil and Gas Discovery Offshore Malaysia

Malaysia’s national upstream company Petronas Carigali has made a significant oil and gas discovery with its Nahara wildcat offshore Sarawak, East Malaysia. The shallow-water Nahara field is located on Block SK 306 in the Balingian province, around 150 kilometers off...
Vietnam Signs USD 15.5 billion Deal to Cut Down Fossil Fuel

Vietnam Signs USD 15.5 billion Deal to Cut Down Fossil Fuel

Under a new Just Energy Transition Partnership (JETP) signed in December 2022, developed countries will mobilize USD 15.5 billion in public and private finance over the following 3-5 years to assist Vietnam’s 2050 net zero goals.  Rich countries, the Asian...
US Company to Develop Thailand’s Energy Storage Market

US Company to Develop Thailand’s Energy Storage Market

Fluence Energy, a leading American provider of energy storage products and services and cloud-based software for renewables and storage, and the Electricity Generating Authority of Thailand (EGAT) recently signed a memorandum of understanding to develop the...
Norwegian Company Expand to the Philippines´ Renewable Energy Sector

Norwegian Company Expand to the Philippines´ Renewable Energy Sector

Scatec ASA, a leading renewable energy producer based in Norway, recently announced that it will be injecting billions of dollars of investments with a plan to build five wind energy projects in the Philippines. Furthermore, Scatec plans to invest a total of USD 946...
Shell Invests in Phase 4 of Deepwater Project in Malaysia

Shell Invests in Phase 4 of Deepwater Project in Malaysia

Shell PLC announced its second investment in Malaysia’s oil and gas sector within a month through its local unit, Sabah Shell Petroleum Co, in the phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater offshore development project. Shell will be joining...
UK´s HydroWing Explores Indonesia’s Tidal Energy Potential

UK´s HydroWing Explores Indonesia’s Tidal Energy Potential

HydroWing, a UK-based tidal energy developer, has inked an agreement with Indonesia Power, a state-owned firm, to build tidal energy projects in Indonesia. The cooperation intends to advance the country’s tidal energy development by researching locations and...
Thailand to Launch Two Giant 2.65 GW Natural Gas Combined Power Plants

Thailand to Launch Two Giant 2.65 GW Natural Gas Combined Power Plants

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries (MHI), has commenced operation of the fourth and final M701JAC unit at an ultra-large-scale natural gas-fired power plant in Chonburi Province, Thailand. The plant is owned by a joint venture of...