Southeast Asia will lead other regions in having the largest share of new deepwater gas and condensate developments taking a final investment decision (FID) between 2022 and 2025, research from Rystad Energy shows. Significantly, around $25 billion is expected to be spent on greenfield deepwater developments in the region from 2021-2025, up from $2 billion over the prior five-year term.
Offshore wind developer Enterprize Energy and the Vietnamese Institute of Energy have teamed for a study assessing “green hydrogen’s potential to supercharge Vietnam’s energy capabilities.”
Thailand’s B.Grimm Power and Siemens Energy have joined the Energy Capital Vietnam (ECV)-led consortium to develop an LNG-to-power project in Southern Vietnam.
Vietnam is leading the pack in Southeast Asia for wind power installations with 3.98GW installed as of October, up from 103MW in 2020. The country now ranks among the global top ten markets for installed wind power capacity, even though its offshore sector has yet to lift off.
Russian LNG exporter Novatek has signed a cooperation agreement with Vietnam's PetroVietnam on developing potential liquefied natural gas (LNG) and power projects in the southeast Asian country.
The Scottish government is committed to expanding the Scotland-Vietnam relationship as the power-hungry Southeast Asian nation hopes to expand its nascent offshore wind sector. Significantly, there will be increasing opportunities for Scottish companies as Vietnam eyes offshore wind development in deeper waters.
Global demand for offshore wind farm cables has soared in recent times as work to scale up the deployment of turbines intensifies.
ExxonMobil’s (NYSE:XOM) board of directors is debating whether to continue with several major oil and gas projects, that have high projected emissions profiles, as the supermajor reconsiders its investment strategy in a fast-changing energy landscape, the WSJ reported.
After some days contemplating the lack of gongs for Energy Voice at the Scottish Press Awards, normal service resumes, sans Allister and Jackie Bird.
France’s EDF Renewables (EPA:EDF) has made a significant investment in VinaCapital’s SkyX Solar, a rooftop solar power developer in Vietnam as the market continues to boom.
Vietnam has won a key deal to build two substations for the Hai Long offshore wind project in Taiwan. The contract award, announced today, marks the largest offshore substation deal for a Taiwanese project to date, and the first in Vietnam.
Vietnam's state-run PetroVietnam Power Corp (HM:POW.) has signed a deal to allow a consortium of two local banks to arrange a $1.4 billion syndicated loan for two liquefied natural gas (LNG) projects, the government said yesterday.
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.