Energy

Asian stocks sagged on 1 June as a slip in crude oil prices dampened investors’ appetite for riskier assets, while the recently bullish dollar stalled against the euro and yen following a mixed bag of U.S. economic data. There was little market reaction to the official and private ...

The government will attempt to boost transparency in the energy sector by holding an auction for the two major petroleum concessions in the Gulf of Thailand ahead of their expiration dates, instead of granting existing operators the right to extend the concessions without new bidders. The ...

Step by step, Cambodia and Thailand are edging towards nuclear power generation as the region hunts for vast, stable power sources to fuel rapid development and improve the livelihoods of growing populations. As the debate over nuclear grows, so do the region’s power needs. According to ...

Some 100 people from five villages in Oddar Meanchey’s Chongkal district, Cambodia protested over the weekend against a hydropower dam project built by Chinese firm Sinohydro, claiming they have yet to be compensated for their eventual displacement when the flood gates close in the next ...

Chevron Corp is weighing a sale of a roughly US$500-million stake in its Thailand gas field even as the government moves to negotiate a better return from petroleum concessions held the US company and PTT Exploration & Production Plc. Chevron is seeking to divest some Asian ...

Thailand and countries in the Mekong region should be able to rely 100 per cent on renewable energy by 2050 and escape the severe impacts of climate change, a World Wildlife Fund study revealed. The WWF held a press conference in Bangkok on 24 May to ...

GE, a US based global corporation on May 23 announced that it signed a Memorandum of Understanding with the Ministry of Industry and Trade on developing 1,000MW of Wind energy in Vietnam. Vietnamese President Tran Dai Quang and his US President Barack Obama witnessed the signing ...

Australian firm Woodside Petroleum believes it has found more gas than previously estimated following two discoveries in Myanmar offshore earlier this year. The company has raised the estimated size of contingent resources in two of its blocks by 83 million barrels of oil equivalent to 4481mmboe, ...

In the face of ever-rising energy demands and climbing temperatures, the Ministry of Electricity and Energy has released an aspirational blueprint for its first 100 days in office. Myanmar’s ministry will strive to finish building electricity transmission yards across the country to boost electricity generation, said ...

Since the day the An Khe – Ka Nak hydropower plant was put into operation, it has been taking away water to generate electricity, depleting and polluting the lower course of the Ba River. Things got worse recently when the river section which runs across Krong ...