SOLAR: Report says world PV market rose 34% last year

(EnergyAsia, March 31) — The world market for solar photovoltaic (PV) installations grew by 34% last year to 1,460 megawatts (MW), according to a report by SolarBuzz. With installations of 837 MW, Germany accounted for more than half of world demand.             Germany’s PV market installations, which grew 53% last year, exceed the US market...

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ABU DHABI: ExxonMobil, ADNOC sign agreements for Upper Zakum Oil field development

(EnergyAsia, March 31) — Exxon Mobil Corporation said it and its subsidiaries have signed agreements with Abu Dhabi National Oil Company (ADNOC) through which ExxonMobil Abu Dhabi Offshore Petroleum Company Limited (EMAD) received a 28% undivided interest out of ADNOC’s 88% interest in the Upper Zakum oil field. This will leave ADNOC with a 60%...

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CHINA: ErSol opened solar module production plant in Shanghai

(EnergyAsia, March 31) — Germany’s ErSol Solar Energy AG and its Chinese partners have officially opened the module production plant of their joint venture company Shanghai Electric Solar Energy Co Ltd (SESE). ErSol was represented by its CEO, Claus Beneking.   ErSol (35%), Shanghai Environment Protecton Complete Engineering Co Ltd, a subsidiary of Shanghai Electric...

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CHINA: Huadian Power International reports profit of RMB1.066 billion for 2005

(EnergyAsia, March 31) — China’s Huadian Power said it made net profit of RMB 1.066 billion last year on turnover of RMB13.3 billion. Net profit grew by just under 2% while the revenue figure represented an increase of 30.71% over 2004. (US$1=RMB8.04). The company’s board of directors has recommended the payment of a final dividend...

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INDIA: ONGC to receive carbon credit for clean technologies

(EnergyAsia, March 31) — Upstream company ONGC has become the first state organisation in India approved to undertake clean development mechanism (CDM) projects under the Kyoto Protocol to combat greenhouse gas emissions.             Six of the company’s CDM projects received host country approval from India’s Designated National Authority (DNA) on last week.   These CDM...

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INDIA: IndianOil Corp teams up with Russia’s STG to undertake pipeline projects

(EnergyAsia, March 31) — Indian Oil Corporation and Stroytransgaz (STG), a major Russian construction company in the oil and gas sector, have signed a memorandum of understanding (MOU) to pursue pipeline projects in India and abroad.   The MOU was inked by A.M. Uplenchwar, pipelines director of IndianOil, and L. Bokhanovskiy, STG’s first vice president,...

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INDIA: TATA POWER starts work on 250 MW coal-based power plant at Trombay

(EnergyAsia, March 31) — The Tata Power Company Limited (TPC) has started work on building a new 250 MW power plant at its Trombay Thermal Station in the Indian state of Maharashtra. A groundbreaking ceremony for the project was held recently with Dilip Walse Patil, Maharashtra’s Minister for Energy, Medical Education, Higher and Technical Education...

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INDONESIA: Premier Oil finds oil and gas in Lembu Peteng

(EnergyAsia, March 31) — Indonesia’s Premier Oil said it has found oik and gas reserves in its operated Lembu-Peteng 1 well in the Natuna Sea Block A in Indonesia.   The well targeted sands in the Arang, Pasir, Intra Barat, and Upper Gabus. Log data indicates the presence of 6 gas zones, and 1 oil...

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RENEWABLES: Guinness Atkinson to launch alternative energy fund

(EnergyAsia, March 31) — US-based Guinness Atkinson Asset Management Inc said it will soon launch the no-load Guinness Atkinson Alternative Energy Fund, which will invest in companies involved in the production, distribution or storage of alternative energy, including energy conservation. The fund is designed as a vehicle for investors seeking to profit from and participate...

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CHINA: Change to jet fuel pricing system from April 1, says Singapore-based China Aviation Oil

(EnergyAsia, March 29) — Singapore-based China Aviation Oil Corporation Ltd said that the authorities in China have released new regulations pertaining to the sale prices of aviation kerosene fuel from April 1.   Under this new scheme, the pricing system for sales of aviation kerosene for domestic flights within China (i.e. flights entirely within China...

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VIETNAM: J. Ray McDermott awarded contract to build large integrated deck

(EnergyAsia, March 30) — J. Ray McDermott Asia Pacific Pte Ltd, a subsidiary of J. Ray McDermott SA of the US, said it recently landed a significant turnkey contract in Vietnam. It will provide the Cuu Long Joint Operating Company engineering, procurement, construction, installation (EPCI), hook-up and commissioning services for a central processing and production...

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AUSTRALIA: Woodside and Japan’s Kansai Electric sign heads of agreement for 15-year LNG supply

(EnergyAsia, March 30) — Australia’s Woodside Energy Ltd and Japan’s Kansai Electric Power Co., Inc, have signed a heads of agreement for the supply of between 1.75 and 2 million tonnes of LNG a year over 15 years from Woodside’s 100%-owned Pluto gas field in Western Australia.             The agreement covers supply from the end...

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CHINA: Hong Kong’s Noble Group to build ethanol plants in the US

(EnergyAsia, March 30) — Noble Group, a Hong Kong-based global supply chain manager of agricultural, industrial and energy products, said it has started building its first ethanol plant in Madrid in Nebraska state in the US. The construction is undertaken by MABE, a Nebraska based holding company specialises in the developing ethanol plants. The 44-million...

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CHINA: Petrochina’s 2005 net profit rises 28.4% year-on-year to record RMB133.36 billion

(EnergyAsia, March 30) — PetroChina Company Limited has reported record net profit of RMB133.36 billion for the year ended December 31, 2005, representing an increase of 28.4% over the previous year. Revenue was up 39% to RMB552.23 billion. (US$1=RMB8.04).   It reported basic and diluted earnings per share of RMB0.75, compared with RMB0.16 from 2004....

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INDIA: Update on oil refining projects

(EnergyAsia, March 30) — Indian oil refiners are preparing for a massive capacity expansion through new builds, upgrades and debottlenecking over the next few years.             State-owned BPCL said it expects its proposed 6-million tonne/year Bina refinery to be commissioned by end-2009. BPCL holds a 51% stake in the project, while private and government agencies...

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INDONESIA: Apexindo secures US$170 million rig contract, largest in company history

(EnergyAsia, March 30) — Indonesia’s PT Apexindo Pratama Duta Tbk said it has signed a US$170 million contract to provide drilling services to Santos (Sampang) Pty Ltd for a long term project in the Java Sea in Indonesia. Apexindo said it will deploy its jack-up rig Raniworo to start work on the project in the...

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MALAYSIA: Petronas makes gas discovery off the coast of Sarawak

(EnergyAsia, March 30 ) — Malaysia’s state oil and gas company Petronas said it has made a new gas find at its PC4 gas field, off the coast of Sarawak state. The PC4-1 exploration well, situated about 108 kilometres northwest of Miri in a water depth of 73 metres was spudded in January to a...

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PEOPLE: Caltex Australia Limited names new managing director

(EnergyAsia, March 30) — Caltex Australia has named Des King, currently general manager of Chevron Corp’s Pembroke refinery in Wales, to succeed Dave Reeves as managing director and CEO from May 1. Chairman Dick Warburton Mr Reeves has been promoted to President of Chevron’s Global Supply and Trading unit in San Ramon, California. Mr King,...

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QATAR: Energy City Qatar launched

(EnergyAsia, March 30) — The Middle East’s first energy business centre, Energy City Qatar, was launched last week by Qatar’s Emir Shaikh Hamad bin Khalifa Al Thani, who is also the Prime Minister.   The event was attended by many top government officials and business and energy leaders from across the world.   Esam Janahi,...

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SINGAPORE: Keppel and Qatar Gas Transport to develop shipyard

(EnergyAsia, March 30) — Singapore’s Keppel Offshore & Marine Ltd said it has signed a letter of intent with Qatar Gas Transport Company Ltd to jointly develop and manage a major new facility in the Qatar’s Port of Ras Laffan for the construction, repair and maintenance of ships and other marine structures. Conclusion of the...

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VIETNAM: Van Phong oil storage project awaits licence

(EnergyAsia, March 29) — The investors in a proposed US$100 million oil storage terminal in Vietnam’s central province of Khanh Hoa are still waiting for their licence to build and operate the facility.   Vietnam Petrol Co (Petrolimex), Petrolimex Insurance Joint Stock Co (Pjico) and PB Tanks Ltd of Singapore are still waiting official approval...

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UAE: DP World takes 30% in Djibouti oil terminal

(EnergyAsia, March 29) — UAE-based global terminal operator DP World has won the contract to manage the 240,000-tonne Doraleh oil terminal project in the African nation of Djibouti. DP World, which also holds a 30% stake in the US$100 million facility, will be working closely with oil majors Shell, ExxonMobil and Total, as well as...

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SINGAPORE: Vopak’s new storage terminal to start up next month

(EnergyAsia, March 29) — Vopak’s new Banyan storage terminal on Singapore’s Jurong Island is due to start operations in early April with the arrival of a vessel to discharge oil products. The new terminal has a total capacity of 370,000 cubit meters to store clean products like naphtha, gasoline, gasoil and jet.   The start-up...

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SINGAPORE: Keppel wins fourth rig, worth US$132 million, from SeaDrill

(EnergyAsia, March 29) — Singapore’s Keppel FELS Ltd said it has secured a US$132 million contract from a wholly-owned special purpose company of SeaDrill Limited for a KFELS B class jackup rig. The rig is expected to be delivered in the second quarter of 2008.   Keppel said the order was secured via an option...

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SINGAPORE: Keppel secures contract for first waste-to-energy plant in Jiangyin, China

(EnergyAsia, March 29) — Keppel Seghers, the environmental technology division of Keppel Integrated Engineering (KIE), said it has secured a S$13 million contract to provide technologies and services for the first waste-to-energy plant to be built in the city of Jiangyin in China’s Jiangsu province.   When completed in end 2007, the waste-to-energy plant will...

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