Industries.
HD Hyundai Heavy wins Taean offshore wind substation deal
The contract with Taean Wind Power, a joint venture including Singapore's Vena Energy, covers engineering, procurement, and installation for the 500-megawatt project.
Philippine Fuel Prices to Fall for a Week from September 29
The Philippine Department of Energy announced a week-long reduction in Metro Manila pump prices, effective September 29, attributing the shift to easing global oil prices.
Oil Futures Drop as US, Iran Discuss Hormuz Shipping Route
West Texas Intermediate futures settled near $92 a barrel, marking their first weekly decline since late August amid hopes for increased crude supply from US-Iran talks.
Brent, WTI Crude Dip: US-Iran Truce Hopes vs. Houthi Attacks
Global oil benchmarks fell on Friday as markets weighed a potential US-Iran agreement against ongoing Houthi attacks on Saudi oil facilities.
InvestHK leads green tech mission to UK, boosting HK investment hub
Hong Kong's foreign investment agency, InvestHK, recently took 25 green technology firms from the city and mainland China to the UK, aiming to boost sustainable finance and innovation flows.
Southeast Asia boosts energy efficiency with AI, eyes US$67bn savings
Singaporean firms Quantified Energy and Gurin Energy lead regional deployment of artificial intelligence to optimise renewable energy projects and grid operations, targeting significant cost reductions by 2035.
Europe Q4 Jet Fuel Deficit Looms; South Korea Ramps Up Exports
Energy Aspects forecasts Europe's fourth-quarter jet fuel deficit at 510,000 barrels per day, prompting increased shipments from Asian suppliers like South Korea.
Indonesian Billionaire Low Sells 30% Bayan Resources Stake
Low Tuck Kwong and his daughter Elaine Low signed a conditional agreement to divest 30% of Jakarta-listed coal miner Bayan Resources to Andi Syamsuddin Arsyad, while Bayan faces government delays on mining quotas.
Chinese Crude Imports Rebound, Pressuring Global Oil Prices
Chinese customs data shows August crude imports climbed 6.2% month-on-month, with September volumes also increasing, as refiners gradually restock.