China’s announcement at the United Nations General Assembly that it will no longer build any new coal-fired power plants abroad accelerates the energy transition in Asia’s emerging markets but also raises challenges, according to a new analysis by the IHS Markit Global Power and Renewables service.
Vietnam is quickly becoming one of the most promising liquefied natural gas (LNG) importing markets in Asia. Industry players—both domestic and global—have voiced their intent to pursue projects in Vietnam, encouraged by the government’s departure from its traditional coal-centric mindset and the rapid penetration of renewable energy in Vietnam’s power mix in recent years.
Surging US Henry Hub gas prices, as well as higher and extremely volatile global gas prices, offers a lesson for emerging markets that investment in gas importing, distribution and power production assets will lead to stranded assets and lost wealth, according to analysis from IEEFA.
Vietnam aims to begin importing its first liquefied natural gas (LNG) cargoes in 2022 as part of a longer-term plan to maintain stable natural gas supply and meet rising demand for power, the country’s Minister of Industry and Trade Nguyen Hong Dien said.
The Vietnam government has given environmental approval for Delta Energy Offshore’s proposed liquefied natural gas (LNG) import terminal and power project in southern Vietnam.
Italy’s Eni is believed to be carrying out studies in Blocks 115 and 116 offshore Vietnam with an eye to planning a single-well drilling campaign during the first-half 2022, Westwood Global Energy said in its latest report. The blocks are a short distance from Eni’s large Ken Bau discovery offshore Vietnam.
McDermott has completed the largest and heaviest central platform topside float-over installation offshore Vietnam at the Sao Vang and Dai Nguyet (SVDN) development that is operated by Japan’s Idemitsu Kosan.
From congested streets to deserted highways, traffic conditions across Asia are shedding light on each nation’s battle to contain Covid-19 and maintain economic activity, which in turn affects oil consumption.
A Chinese ship has been meddling with Harbour Energy’s ongoing drilling campaign at its Tuna block in the Natuna Sea offshore Indonesia. Significantly, the appraisal drilling is funded by Russia’s state-backed Zarubezhneft and the incident underscores the fact that Moscow’s energy interests in the South China Sea are increasingly being threatened by China.
The diverse Asia Pacific regions offer a myriad of opportunities, ranging from decommissioning, late-life field rejuvenation, offshore wind, as well as carbon capture and storage (CCS), for adventurous UK companies.
Deepwater upstream projects are increasingly important for Southeast Asia, where new investment in production is critical to meet rising demand for oil and gas, as economies continue to expand.
Vietnam is poised to be the leading market for offshore wind in Southeast Asia this decade, but a new report warns the power-hungry country has a hit a crucial crossroads in its energy system planning.
As national carbon-neutral targets come into focus, Asia Pacific solar photovoltaic (PV) capacity could triple by 2030 to 1500 gigawatts (GW), with Indonesia potentially the fastest expanding market by the end of the decade, according to new research from Wood Mackenzie.
Hibiscus Petroleum has moved a step closer to completing its acquisition of Repsol’s upstream assets in Malaysia and Vietnam after the Spanish company’s project partners waived their pre-emption rights.
Bechtel will provide front-end engineering and design (FEED) services for Delta Energy Offshore’s proposed LNG-to-power project in southern Vietnam.
Southeast Asia is emerging as a hotspot for global solar investment with over $10 billion invested just last year. In 2020, the region represented 12% of the global solar market and installed capacity has more than doubled every year since 2018, Rishab Shrestha, analyst at Wood Mackenzie told the APAC power and renewables summit today.
Russian state oil and gas producer Zarubezhneft aims to create a new gas cluster with assets in Vietnam and Indonesia following recent deals involving Premier Oil and Rosneft.
Japanese trading conglomerate Mitsubishi Corporation will develop a massive onshore wind farm in Laos that will supply electricity to power-hungry Vietnam.
Malaysian-listed Hibiscus Petroleum has confirmed it will buy a handful of Southeast Asian assets from Spain’s Repsol for $212.5 million.
Spanish player Repsol has agreed to sell its operated assets in Malaysia and Block 46 CN in Vietnam to Kuala-Lumpur listed Hibiscus Petroleum. Operating the new assets will mark a massive step up for Hibiscus.
Singapore-based energy developer Enterprize Energy is progressing its proposed 3.4 GW Thang Long wind project offshore Vietnam after hiring geo-data specialist Fugro to install floating LiDAR survey technology at the site to assess resource over its acreage.
Westwood Global Energy reported that Repsol has opened commercial packages for its outstanding jack-up tender for drilling offshore Malaysia and is going through final evaluations before sending it to Petronas for approval.
Norway-based Stena Power & LNG Solutions will provide front-end engineering and design (FEED) services for Delta Energy Offshore’s proposed liquefied natural gas (LNG) import terminal in southern Vietnam
There are increasing signals that the long-stalled multi-billion dollar Block B gas project offshore Vietnam could finally start making progress again this year.
The offshore wind market in Asia is expected to experience massive expansion over the next five to 10 years, particularly in the more advanced economies of Taiwan, Japan and South Korea, as governments face increasing pressure to focus on climate change and hit their net-zero emissions targets.