Beijing triumphs in South China Sea oil spat
China has arguably triumphed in its face-off with Malaysia over oil and gas exploration in the disputed waters of the South China Sea.
Philippines
MEM engaged by renewable investors to deliver multi-million Southeast Asia projects
Renewable development consultant, Modern Energy Management (MEM), has been tapped by investors to facilitate wind and solar projects in Myanmar, Vietnam, Indonesia and the Philippines.
Amec wins Philippines contract to supply power for more than six million people
Amec Foster Wheeler has won contract in the Philippines, which will ultimately supply power to more than six million people.
South China Islands are ours, declares defiant Beijing
China has issued a policy paper calling the South China Sea islands its territory as it blamed the Philippines for stirring trouble, a day after an international tribunal ruled that Beijing had no legal basis for its expansive claims.
Updated: Court rules China has no historic rights to controversial South China Sea
An arbitration court today ruled the China has no historic rights to the resources in the hotly contested South China Sea.
Philippine San Miguel unit seeks $400 mln from banks to build power plant
Philippine conglomerate San Miguel Corp's energy subsidiary is borrowing $400 million from banks to finance the construction of a power plant north of the capital, IFR reported on Wednesday. SMC Global Power Holdings Corp mandated DBS Bank, Mizuho Bank and Standard Chartered for a $400 million, seven-year loan for the construction of a 300-megawatt coal-fired power plant in Bataan province, said IFR, a Thomson Reuters publication.
Otto Energy extends Hawkeye contract in Philippines
Otto Energy has been granted an extension by the Philippines Department of Energy (DOE) for drilling of the Hawkeye-1 well in the Palawan Basin. The company said it will continue its farm-out process to secure quality joint ventures to participate in the drilling of the Hawkeye-1 exploration well. It had previously been in a farm-out agreement with BHP Billiton, with the deal ending earlier this year.