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Thailand's EV incentives squeeze Japanese carmakers' market share
Japanese carmakers including Toyota (7203) and Honda (TYO:7267) are losing ground in Thailand as tax breaks and subsidies for electric vehicles push buyers towards cheaper Chinese imports.
Indonesia orders PLN to fix backup plans after Batam blackout
Indonesia's state electricity company PT Perusahaan Listrik Negara (PLN) must improve its contingency plans for power disruptions after a blackout hit Batam and Bintan, Danantara chief executive Rosan Roeslani said
UK's BII pledges $1.6bn for Indonesia, Vietnam climate projects
Over the coming five years, the UK's development finance institution, British International Investment (BII), has committed $1.6bn for climate-focused projects across Southeast Asia.
China begins hot functional tests at Linglong One reactor
China has started hot functional tests at the ACP100 small modular reactor (SMR) at Changjiang, with fuel loading targeted before the end of the year.
Tokyo crude futures hit record amid Saudi Arabia-Iran clashes
The benchmark Dubai crude oil futures contract on the Tokyo Commodity Exchange climbed to an all-time high, breaking a record that had stood for 18 years and three months.
Taiwan defends offshore wind tenders against CIP criticism
Taiwan's Energy Administration hit back at Copenhagen Infrastructure Partners (CIP) after the Danish fund's local chief said the government had rushed its offshore wind tenders.
Imperial College London, Tata Power sign India energy pact
Imperial College London and Tata Power (NSE: TATAPOWER), one of India's biggest integrated power utilities, have agreed to work together on cleaner, more resilient and digitised energy systems.
Taiwan's Taipower plans 43 substations as AI demand grows
The utility faces mounting pressure from chipmakers and artificial intelligence (AI) users, whose appetite for power is turning on-time supply into a central challenge for the island's grid.
Juniper Green completes 150-MW hybrid power plant in India's Gujarat
Indian renewable energy developer Juniper Green Energy has brought its 150 MW wind-solar hybrid power project fully online.
Vedanta Oil and Gas turns to chemical EOR in India's Rajasthan
Vedanta Oil and Gas plans to use a chemical oil recovery technique at its Mangala cluster in Rajasthan to halt a fall in crude output.
First Gen powers rooftop solar at Philippines' Cebu plant
First Gen Group (PSE: FGEN) has finished building and energised a rooftop solar installation for NKC Manufacturing Philippines Corp., the Cebu factory owned by Japan's NKC Group.
Technip Energies to build HPCL Mumbai refinery lube units
Hindustan Petroleum Corp. Ltd. (NSE: HINDPETRO) has hired France's Technip Energies (EPA: TE) to engineer, procure and build two major units at its 9.5mn-tonne-per-year Mumbai refinery in India's Maharashtra state
Pakistan, US discuss energy imports and trade deal
Pakistan's finance minister discussed increasing US energy purchases and progress on a bilateral trade agreement with a US State Department official.
Coinbase co-founder bets on Venezuela oil revival
Fred Ehrsam, the billionaire co-founder of Coinbase, is backing a new oil venture in Venezuela, betting that private capital and technical expertise can revive production in a country with some of the world’s largest petroleum reserves
Spain’s Solaria to invest $5.7bn in Uruguay data centres
Solaria Energía y Medio Ambiente SA will invest $5.7bn in Uruguayan data centres and the solar parks to power them, a project President Orsi hailed as the largest investment in the country’s history.
Primavera recruits oil industry veterans to prepare for Venezuela field operations
Primavera is assembling an experienced management team as the Houston- and Caracas-based company prepares to begin operating Venezuelan oil fields under agreements signed with the country’s hydrocarbons ministry and state oil company
New charges deepen legal jeopardy for Venezuela’s former oil chief El Aissami
Tareck El Aissami, once one of Venezuela’s most influential officials, faces an expanding criminal case as speculation grows that the government of interim President Delcy Rodríguez could transfer him to US custody
Singapore to trial first ethanol bunkering at key terminal
PSA's Pasir Panjang Terminal will host Singapore's first-ever ethanol bunkering
Venezuela banks on oil and mining to finance debt restructuring
Venezuela is looking to oil and mineral revenues to finance an economic recovery and prepare for a potential restructuring of between $150bn and $200bn in external debt, according to a plan presented to the International Monetary Fund
UN urges Ecopetrol to advance reparations after Colombia ruling
Colombia’s state-controlled oil company Ecopetrol faces renewed calls to work with victims on reparations after a transitional justice ruling recognised the responsibility of a company director and several state agents in connection
Colombia’s unconventional gas potential dwarfs proven reserves, industry groups say
Colombia’s unconventional reservoirs could contain about 167 trillion cubic feet (4,729.88bn cubic metres) of recoverable prospective natural gas resources, roughly 97 times its proven reserves, four industry associations said
Brazil’s Petrobras to receive $859mn from Santos Basin partners
Brazilian state-owned oil company Petrobras is set to receive approximately $859mn from Shell, TotalEnergies and Petrogal following agreements to reconcile historical costs, revenues and production volumes from shared offshore oil reservoirs.
Brazil advances pre-salt exploration block towards potential auction
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has approved geological and economic studies for the Oeste de Jubarte exploration block in the Campos Basin.
Brazil’s Lula and Flávio Bolsonaro set out different energy strategies
Brazilian presidential candidates Luiz Inácio Lula da Silva and Flávio Bolsonaro both support expanding renewable energy and electricity storage, but differ in their approaches to lowering power bills.
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