Archive | November, 2006

INDONESIA: Jeruk field contains less than 50 million barrels

(EnergyAsia, November 30) — The Jeruk field in Indonesia’s offshore Sampang production sharing contract most likely holds less than 50 million barrels of oil, said two of its venture partners.             In separate announcements, operator Australia’s Santos and Singapore Petroleum Company said that despite substantial remaining reservoir uncertainties, its analysis is now largely complete, showing […]

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NUCLEAR: Organisation to implement nuclear energy project endorsed by members

(EnergyAsia, November 30) — Ministers from six countries and the European Union have established the organisation in Paris, France to implement the US$12.8 billion International Thermonuclear Experimental Reactor (ITER) for developing nuclear energy fusion.             Ministers from the seven parties of ITER — China, European Union, India, Japan, South Korea, Russian and the US — […]

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MALAYSIA: Proposal to merge oil palm companies to take on biofuels market

(EnergyAsia, November 30) — An investment bank has submitted an unsolicited proposal for a RM31 billion merger of three of Malaysia’s largest plantation companies and their five subsidiaries to position the country as a leading player in the emerging biofuels industry. (US$1=RM3.7).             This week, CIMB, Malaysia’s largest investment bank, proposed that its special-purpose vehicle, […]

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CHINA: Electricite de France expands industrial cooperation, investment

(EnergyAsia, November 30) — Electricite de France (EDF) has signed two industrial partnership agreements with China Datang Corporation and China Guangdong National Power Company, expanding industrial cooperation and investment opportunities between France and China. Pierre Gadonneix, EDF chairman and CEO, signed the agreements with Zhai Ruoyu, China Datang’s chairman, and Qian Zhimin, China Guangdong National […]

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CLIMATE CHANGE: US study group attacks report by UK’s Nicholas Stern

(EnergyAsia, November 30) — The US-based National Center for Policy Analysis (NCPA) has attacked a recent report on climate change sponsored by the UK government as flawed.             H. Sterling Burnett, a senior fellow with the NCPA, said the widely hailed report, which urges immediate and extensive action to mitigate the impact of climate change, […]

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AUSTRALIA: Work with China to monitor climate change

(EnergyAsia, November 30) — Australia’s scientific agency CSIRO and the Chinese Academy of Surveying and Mapping (CASM) have signed a research agreement in Beijing today to collaborate on China’s resource mapping satellite program. CSIRO said the advanced satellite programme will gather land and marine observation data which will be used for monitoring climate change impacts […]

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