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BUSINESS

Crude prices poised to bottom out

Business, Yuthana Praiwan, Published on 02/05/2020

» Global crude oil prices may have bottomed out as cities across the globe have begun to ease lockdown restrictions and more drivers hit the road.

BUSINESS

PTTEP unveils new oil find off Mexico

Business, Yuthana Praiwan, Published on 06/05/2020

» PTT Exploration and Production Plc (PTTEP), the oil and gas drilling arm of national oil and gas conglomerate PTT Plc, has announced a new oil discovery off the shore of Mexico.

BUSINESS

New power discounts effective immediately

Business, Yuthana Praiwan, Published on 08/05/2020

» Energy authorities are rushing to assuage public concern about electric bills, saying the new discounts should go into effect next week for Bangkok and start today for other provinces, after an outpouring of complaints regarding April's power bill.

BUSINESS

IRPC halves 5-year capex plan as demand slumps

Business, Yuthana Praiwan, Published on 11/05/2020

» IRPC Plc, the petrochemical arm of PTT Plc, plans to halve its 68.1 billion baht in budgeted capital expenditure (capex) over the next five years (2020-24) in line with falling global demand for polymers as a result of the coronavirus pandemic.

BUSINESS

Staying out of oil pays off for three firms

Business, Yuthana Praiwan, Published on 13/05/2020

» Non-oil energy firms enjoyed strong revenue growth in the first quarter as well-timed investments in capacity expansion paid off.

BUSINESS

Ratch diversifying into locomotives

Business, Yuthana Praiwan, Published on 15/05/2020

» Ratch Group, Thailand's largest private power generation firm by capacity, says it will diversify into locomotive assembly to serve future demand from various infrastructure projects.

BUSINESS

Restrictions hit fuel consumption

Business, Yuthana Praiwan, Published on 16/05/2020

» Daily consumption of fuel in the May 1-11 period fell sharply across all types, mainly attributed to the government lockdown and travel restrictions to curb the spread of the coronavirus, according to a report by the Energy Business Department.

BUSINESS

Gulf Energy banking on LNG for growth

Business, Yuthana Praiwan, Published on 16/05/2020

» Gulf Energy Plc, Thailand's top private power producer by capacity, is staking its future on liquefied natural gas (LNG) trading in anticipation that the state will open trading to the private sector this year, a decision that was delayed because of the coronavirus crisis.

THAILAND

Cooking gas subsidy hike to cap costs

News, Yuthana Praiwan, Published on 19/05/2020

» The Oil Fuel Fund Office (OFFO) on Monday raised the LPG (liquefied petroleum gas) price subsidy cap to keep cooking gas prices low during the Covid-19 pandemic.

BUSINESS

Gulf arms get LNG shipping licences, B.Grimm may follow

Business, Yuthana Praiwan, Published on 22/05/2020

» The Energy Regulatory Commission (ERC) granted licences Wednesday to two subsidiaries of Gulf Energy Plc, Thailand's top private power producer by capacity, to operate liquefied natural gas (LNG) shipping businesses in Thailand.