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Energy
BlackRock invests in the strategic pipeline between Saudi Arabia and Bahrain
BlackRock, through its Diversified Infrastructure Fund, is taking a minority stake in Saudi Bahrain Pipeline Company (SBPC), owner of the pipeline linking Saudi Aramco’s facilities in Saudi Arabia to …
India Halts Fuel Pipeline Extension Project in Bangladesh Following Political Unrest
The Indian government has indefinitely suspended the construction of the India-Bangladesh Friendship Pipeline (IBFP) in light of ongoing political instability in Bangladesh. The pipeline, which was de…
Benefits and challenges of Malaysia’s oil industry
OIL and gas (O&G) remains a cornerstone of the nation’s economy, generating up to RM300 billion in annual revenue. The government uses tax revenue from the sector to invest in various proje…
Commodity Market Report – 28 July 2024
Gold Spot prices traded moderately lower last week after topping off recent historical high at USD2483 /oz. This week, we predict the market will make a technical recovery and trade within USD2360 …
Philippines on track with nuclear energy targets
Households may soon be powered by nuclear energy as the Philippines gears up for the safe utilization of nuclear energy for power generation, according to Energy Secretary Raphael Lotilla. Lotilla sai…
Highly attractive investment’: Shell hails start-up of Malaysia offshore project
UK supermajor Shell has hailed the Jerun gas field offshore Malaysia that came on stream earlier this week as a “highly attractive investment”. Shell has a 30% interest in SapuraOMV Upstream’s Block S…
India and Sri Lanka discuss initiatives to enhance energy connectivity
In a significant diplomatic exchange, President Ranil Wickremesinghe and Indian External Affairs Minister Dr. S. Jaishankar led bilateral discussions at the President’s House today (20). The joint ene…
World interest grows in nuke power generation in Sri Lanka
In the backdrop of the government evolving legislation to regulate nuclear power generation and the Sri Lanka Atomic Energy Board (SLAEB) getting ready to call for Expression of Interest from prospect…
How Energy Efficiency Can Power Bangladesh’s Future
Bangladesh’s appetite for energy has grown manifold on the back of its economic boom over the past couple of decades. Imported liquefied natural gas (LNG) had earlier been viewed as a cost-effective s…