• 2020 November 19 15:40

    PETRONAS calls for stronger regional collaboration to support global energy transition

    As more countries in Southeast Asia make strides towards embracing the global energy transition, PETRONAS has called for a stronger collaboration amongst ASEAN governments, energy players as well as the public and private sectors to collectively leverage on each other’s strengths in achieving a sustainable, low-carbon future, the company said in its release.
     
    To date, ASEAN member countries have collectively endorsed ambitious targets that seek to improve the rate of energy efficiency improvement, limit emissions from fossil fuels and expand the role of renewables especially in the power sector – positive signs that the region is moving in the right direction.
     
    In a special address titled ‘Southeast Asia Energy Outlook in a Global Context’ at the opening of the virtual ASEAN Energy Business Forum (AEBF) 2020 yesterday, PETRONAS President and Group Chief Executive Officer Tengku Muhammad Taufik said: “While the region has made a start towards carbon neutral energy pathways, there remain further opportunities to strengthen regional cooperation and create the right eco-system to promote a wider usage of energy from clean and sustainable sources, particularly solar and wind. The shift towards a low-carbon future will require coordinated and collective action from all stakeholders.”
     
    He added that government support and intervention in developing and implementing supportive energy policies and business-friendly regulations are pivotal for businesses to survive, while public-private sector collaboration will help attract technology-based Foreign Direct Investments as well as technology proprietorships and solutions providers.
     
    Tengku Muhammad Taufik also pointed out that it is important to address the energy trilemma of security, sustainability and affordability.
     
    He said natural gas remains core to PETRONAS as a cleaner source of fossil fuel, offering a suitable solution towards ensuring the energy needs of Southeast Asia’s burgeoning population. Apart from solar and wind, PETRONAS is also seeing opportunities in new energy sources that will complement its global Liquified Natural Gas (LNG) portfolio, and this includes hydrogen, where the Company is now working towards sustainable coalitions with technology providers to develop zero-emission hydrogen fuel from bio-based products and carbon engineering.
     
    More recently, PETRONAS announced its aspiration to achieve Net Zero Carbon Emissions by 2050 as part of its holistic approach to sustainability that balances Environment, Social and Governance (ESG) considerations which are aligned to its statement of purpose, namely to be a ‘progressive energy and solutions partner enriching lives for a sustainable future’.
     
    The three-day virtual AEBF 2020 themed ‘Responsive and Cohesive Energy Pathways for ASEAN’, assembled government and energy industry leaders across ASEAN to showcase national energy framework aspirations and promote conversations on potential business collaborations to realise common goals.
     
    Other PETRONAS speakers at the event were PETRONAS Head of New Energy Dr Jay Mariyappan and Chief Executive Officer of PETRONAS LNG Ltd., Abdul Aziz Othman. Dr Jay spoke about the evolving role of solar in the region’s energy mix and opportunities, while Abdul Aziz shared his views on the industry’s role in driving ASEAN’s energy transition.




2020 November 23

18:24 North P&I Club pre-renewal report confirms corrective response to market challenges
18:00 RF Government is set to reorganize the structure of development institutions
17:13 4th International Congress “Hydraulic Engineering Structures and Dredging” slated for 25-26 February 2021
16:34 Damen completes Eidsvaag Opal conversion
16:28 STLC and VEB-Leasing to be consolidated into Unified Leasing Company
16:05 Aker Solutions wins maintenance and modifications contract in Brazil from Equinor
15:41 Vard secures contract for eight marine robotic vessels
15:17 RF Transport Ministry confirms its intention to introduce investment charges in seaports from 2021
14:53 Hydrographic boat of Project 19920 joins RF Navy’s Northern Fleet
14:31 Concordia Maritime CFO resigns from his position
14:09 Friendship 2020 joint exercise of the Egyptian Navy and the Russian Navy Bridge ends at the Black Sea Fleet
13:25 Ningbo Containerized Freight index rises by 19.8% in November 2020
12:34 Average spot market price for Russian M100 product climbed to RUB 13,184 pmt
12:12 The UK could increase its ambitions for renewable energy at a lower cost to consumers, new Wärtsilä analysis finds
12:02 Chinese ports container throughput down 0.03% to 217.2 million TEU from January to October 2020
11:53 Global Ports and TransContainer launch expedited delivery of pellets from Siberia to Europe via Saint Petersburg
11:11 Brodosplit lays keels for two coastal patrol vessels
10:19 HELCOM revamps its tool for tracking implementation progress
10:12 MacGregor supports China’s Lingshui 17-2 gas field development
09:57 MABUX: Bunker Market this morning, Nov 23
09:41 Container throughput of port Shanghai (China) in 10M’20 fell by 1.7%
09:25 Oil prices rise on hope for demand recovery
09:12 Baltic Dry Index as of November 20

2020 November 22

16:23 Ørsted and NABTU sign landmark MOU for U.S. offshore wind workforce transition
15:18 Port Canaveral cruise terminal parking to feature E-PASS® contactless transaction technology
14:21 USCG Cutter Stratton returns home after crewmembers test positive for COVID
13:26 New Wallenius SOL service delivers 200,000 extra tonnes of paper reels to PSA Zeebrugge terminal
12:18 Port NOLA's Brandy D. Christian receives 2020 C. Alvin Bertel Award
11:41 BPA announces the release of UK Ports industry magazine
10:42 Coast Guard Cutter Diligence returns to homeport from Caribbean patrol

2020 November 21

16:12 Impact assessment agency of Canada interim report an incomplete analysis omitting a number of important facts
15:49 Cummins introduces X15 Stage V solution for European inland waterways
15:18 Belfast Harbour supports launch of Maritime Belfast Trust
14:07 Remote repair helmet overcomes pandemic restrictions
13:39 Armstrong Marine USA of Port Angeles, Wa. launches new identity as BRIX MARINE
12:24 Mackay provides electronics package for two Vigor-built pilot boats commissioned by Los Angeles Pilot Service
11:38 Third quarter 2020 business activity strong CMA CGM Group operating performance

2020 November 20

18:00 CMA CGM to launch the FLAMINGO EXPRESS service
17:49 Senior Arctic Officials’ plenary meeting held in a virtual format
17:05 Australia to end crew contract extensions
16:52 Port of Algeciras was awarded the ESPO Award 2020
16:33 FSUE "Rosmorport" takes part in International Forum "Transport of Russia"
16:05 MOL's new app boosts efficiency with real-time processing of ship operational data
15:40 Novotrans ensured 100-pct loading of Baltiysk ferry on Ust-Luga-Baltiysk line
15:08 ABP invests around £2 million in new lock gates in Ipswich
14:22 PD Ports unveils plans for River Tees Digital Platform
14:05 Rosterminalugol handled over 23.4 million tonnes year-to-date, up 8% YoY
13:44 Tallink receives Finnish Government guarantee for additional loan
13:21 Golar and Black & Veatch announce collaboration in floating ammonia production, carbon capture, green LNG and other emerging technologies
13:03 Zvezda starts cutting steel for lead LNG tanker of new ARC 7 class series
12:10 The “ECO Valencia” arrives to València
11:37 Maersk works with the Long Beach Harbor Trucking Association
10:55 MABUX: Bunker Market this morning, Nov 20
10:46 Wärtsilä 14 EU Stage V compliant engines selected for Swiss Inland ferries
10:44 Sovcomflot expects revival of global trade in 2021
09:51 Bunker prices decrease at the Port of Saint-Petersburg, Russia (graph)
09:33 Oil prices are recovering
09:18 Baltic Dry Index as of November 19

2020 November 19

18:25 Klaveness Combination Carriers posts Q3 2020 results
18:06 Lloyd’s Register appointed Commercial Manager for North Europe