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BUSINESS

PTT boss: Russia and Saudi Arabia will end oil feud

Business, Yuthana Praiwan, Published on 13/06/2020

» The newly appointed chief executive of national oil and gas firm PTT, Auttapol Rerkpiboon, says the oil price war between Russia and Saudi Arabia that flared in April will not resume after the feud briefly caused prices to fall below zero.

BUSINESS

Ministry cuts oil price, continues gas subsidy

Business, Yuthana Praiwan, Published on 15/06/2020

» The Energy Ministry has cut the ex-refinery oil price by 0.5 baht and will continue to subsidise gas purchases as part of its ongoing measures to provide relief to an economy battered by Covid-19.

BUSINESS

TOP issues $1bn in debentures

Business, Yuthana Praiwan, Published on 16/06/2020

» Thai Oil Plc (TOP) has issued US$1 billion in debentures or senior unsecured notes to foreign institutional investors in a bid to maintain cash on hand and continue development projects in the pipeline during the economic downturn.

BUSINESS

KBS joins fray for power plant licence

Business, Yuthana Praiwan, Published on 18/06/2020

» The competition to secure a licence to develop power plants under the community-owned power plant scheme, or Energy for All, is heating up with Khonburi Sugar Plc (KBS), Thailand's top sugar miller by capacity, joining the race.

BUSINESS

Gasohol push, tourism drive to spur BCP growth

Business, Yuthana Praiwan, Published on 19/06/2020

» Mostly state-owned energy firm Bangchak Corporation Plc (BCP) expects its new gasohol product and the government's domestic tourism stimulus package will improve its oil sales in the second half of the year, though year-end sales are expected to remain unimpressive.

BUSINESS

PTTEP open to acquisitions

Business, Yuthana Praiwan, Published on 19/06/2020

» SET-listed PTT Exploration and Production (PTTEP), the oil drilling arm of national oil and gas conglomerate PTT, is planning to acquire exploration and production (E&P) assets as several E&P firms suffer from oil price fluctuations.

BUSINESS

New Egat contract cuts gas purchases from PTT

Business, Yuthana Praiwan, Published on 22/06/2020

» State-run Electricity Generating Authority of Thailand (Egat) is fuelling its growth in liquefied natural gas (LNG) shipping by reducing its gas purchases from national energy conglomerate PTT in a new 10-year contract.

BUSINESS

TOP looks to high-quality products

Business, Yuthana Praiwan, Published on 23/06/2020

» Thai Oil (TOP), an oil refinery arm under PTT, hopes high-quality products from a new refinery complex, the Clean Fuel Project (CFP), can strengthen competitiveness and better deal with oil price fluctuation.

BUSINESS

BCP shelves new lithium blueprint

Business, Yuthana Praiwan, Published on 23/06/2020

» Energy firm Bangchak Corporation (BCP) will delay its production of lithium carbonate, a major raw material for battery and energy storage products, for another six months because of the impact from the pandemic, but still plans to use it as a new revenue generator in energy storage or electric vehicle (EV) businesses.

BUSINESS

Gulf ready for new deals

Business, Yuthana Praiwan, Published on 25/06/2020

» SET-listed Gulf Energy Development Plc is preparing to acquire new assets that promise quick returns as prices are decreasing because of companies' lower financial costs.