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BUSINESS

ERC doubles down on GPSC block decision

Business, Yuthana Praiwan, Published on 14/12/2018

» As expected, the country's power regulator, the Energy Regulatory Commission (ERC), has finally declared a second resolution to derail a takeover effort by Global Power Synergy Plc (GPSC), a PTT subsidiary, for Glow Energy Plc.

BUSINESS

SKE turns to diversification to double 2019 revenue

Business, Yuthana Praiwan, Published on 14/12/2018

» SET-listed compressed natural gas (CNG) trader Sakol Energy Plc (SKE) expects 2019 revenue to double to 500 million baht as a result of expansion and diversification into renewable energy.

BUSINESS

Prime Road eyes back door

Business, Yuthana Praiwan, Published on 15/12/2018

» Prime Road Alternative Co, the local developer and operator of renewable power, plans to make a backdoor listing on the stock market through MAI-listed Food Capitals Plc, a faster process than an initial public offering.

BUSINESS

Erawan gas field supply snag expected

Business, Yuthana Praiwan, Published on 15/12/2018

» Gas production in the Erawan field is expected to undergo a temporary interruption when Chevron Thailand Exploration and Production transfers its concession to PTT Exploration and Production Plc (PTTEP) in 2022.

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BUSINESS

PTT puts B3bn towards EECI hub development

Business, Yuthana Praiwan, Published on 20/12/2018

» PTT Plc, the SET-listed national oil and gas conglomerate, is keen on forming the Eastern Economic Corridor of Innovation (EECI) in Rayong's Wang Chan district, allocating 3 billion baht for the project.

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BUSINESS

Power bills set to drop

Business, Yuthana Praiwan, Published on 18/12/2018

» Energy policymakers are planning to cap the power tariff at 3.576 baht per kilowatt-hour (unit) under a new version of the national power development plan (PDP), with the expectation of maintaining consumer power bills for 20 years, says Kulit Sombatsiri, permanent secretary of the Energy Ministry.

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BUSINESS

Glow affirms several suitors

Business, Yuthana Praiwan, Published on 19/12/2018

» SET-listed Glow Energy Plc has confirmed several investor groups are keen to acquire French giant Engie SA's majority stake in the company.

BUSINESS

Gulf denies rumours of interest in acquiring Glow and WEH

Business, Yuthana Praiwan, Published on 21/12/2018

» SET-listed Gulf Energy Development Plc, one of Thailand's largest power producers, has denied widespread reports that it is interested in acquiring Glow Energy Plc and Wind Energy Holding (WEH).

BUSINESS

Northern crude oil reserves to be stretched

Business, Yuthana Praiwan, Published on 24/12/2018

» The Defence Energy Department is preparing to expand crude oil reserves in the northern provinces, allocating 54 million baht for three oil wells in 2019.

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BUSINESS

E&P round 21 likely after general election

Business, Yuthana Praiwan, Published on 25/12/2018

» Round 21 of the country's petroleum exploration and production (E&P) is scheduled to open soon after the government completes the new bids for the Erawan and Bongkot gas fields by next February, says the Mineral Fuels Department.