INDIA: President Bush signed US-India Peaceful Atomic Energy Cooperation Act

(EnergyAsia, December 29) — US President Bush has signed the United States-India Peaceful Atomic Energy Cooperation Act aimed at strengthening the partnership between the world’s two largest democracies as well as help meet the energy and security challenges of the 21st century.   The US has described that act as an important step that will...

This article is for Subscriber members only.
Log In Register

THAILAND: SUEZ signs power supply agreements with Siam Cement

(EnergyAsia, December 29) — SUEZ Energy International said its subsidiary, Glow Energy, a leading private power generator in Thailand, has signed two major power supply agreements for a period of 20 years with petrochemical companies affiliated to the Siam Cement Group, based in the Map Ta Phut industrial estate. The contracts represent an approximate value...

This article is for Subscriber members only.
Log In Register

EDITOR’S NOTE: Singapore and Malaysia can stop the environmental terrorism in Indonesia

(EnergyAsia, December 29) — For at least three months in every of the last 10 years, Southeast Asia has been choked by filthy air and smog caused by the rape and criminal burning of huge tracts of rainforests in Indonesia. No one has been seriously punished for this annual act of predictable and entirely preventable...

This article is for Subscriber members only.
Log In Register

INDONESIA: UK’s Premier Oil lands exploration licence award

(EnergyAsia, December 29) — UK’s upstream company Premier Oil said it has been awarded an onshore exploration licence on Buton Island, Sulawesi by the Indonesian government. Premier will hold a 30% non-operated equity interest.   The 3,396 square km block lies on the south-eastern side of Buton island. Oil seeps are prolific on the island and large...

This article is for Subscriber members only.
Log In Register

CHINA: Cooperation with the US on FutureGen, energy efficiency projects

(EnergyAsia, December 29) — China will join the government steering committee of the FutureGen project, making it the third country to join the US in the FutureGen International Partnership, said a joint statement from the two governments. They also signed an Energy Efficiency and Renewable Energy Protocol renewing cooperation in advancing clean technology including solar, wind,...

This article is for Subscriber members only.
Log In Register

INDIA: BHEL commissions 600 MW gas turbine power project in Libya

(EnergyAsia, December 29) — India’s Bharat Heavy Electricals Limited (BHEL) said it has achieved a breakthrough project in the overseas markets with the commissioning of the 600 MW Western Mountain gas turbine power project in Libya. BHEL said this is its largest overseas power project, which comprises four 150 MW turbines.   The project has...

This article is for Subscriber members only.
Log In Register

INDIA: Petroleum Minister calls for Asian cooperation on oil storage

(EnergyAsia, December 29) — India has called for Asia’s main oil consuming countries to cooperate on building up strategic storage stockpile to deal with potential supply disruptions. Speaking at the recent first meeting of Energy Ministers of India, China, the US, Japan and South Korea in Beijing, Petroleum Minister Murli Deora said the countries should...

This article is for Subscriber members only.
Log In Register

CHINA: US Department of Energy comments on Westinghouse’s sale of four nuclear reactors

(EnergyAsia, December 29) — The US Department of Energy (DOE) has welcomed the sale by Westinghouse Electric Company of four nuclear reactors to China.   Secretary Samuel W. Bodman and Chinese Chairman of National Development and Reform Commission (NDRC) Ma Kai recently signed a Memorandum of Understanding (MOU) that paved the way for Westinghouse to...

This article is for Subscriber members only.
Log In Register

CHINA: ABB to automate Fujian LNG terminal

(EnergyAsia, December 29) — ABB said it has won a $4 million contract to supply an integrated central control system for a new liquefied natural gas (LNG) import terminal in Fujian province in China. The terminal and trunkline project will be owned and operated by CNOOC Fujian LNG Co Ltd, a company jointly owned by...

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Pipeline Trust completes ‘compulsory’ acquisition of Gasnet

(EnergyAsia, December 29) — Australian Pipeline Trust (APA) said it now fully owns the GasNet Australia Group following the completion of the ‘compulsory’ acquisition of GasNet units.   Last week, APA said it dispatched the direction notices to former GasNet unitholders whose units were compulsorily acquired.   The Australian Pipeline Trust is an ASX-listed energy...

This article is for Subscriber members only.
Log In Register

SINGAPORE: Keppel lands EUR140 million contract to build the world’s first concrete heavy lifter

(EnergyAsia, December 28) — Singapore’s Keppel Offshore & Marine Limited said its wholly owned Dutch subsidiary, Keppel Verolme BV, has secured a EUR140 million contract to build a floating heavy lifter for the decommissioning of offshore structures. (US$1=Euro0.75).   The contract caters for additional work on the vessel, which if awarded, may potentially increase the...

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Allco Wind Energy signs largest ever US power purchase agreement with Southern California

(EnergyAsia, December 28) — Allco Wind Energy, a division of Australia’s Allco Infrastructure, has signed an exclusive power purchase agreement (PPA) with Southern California Edison to supply 1,500MW of renewable power. The PPA, which is the largest wind energy contract ever signed by a US utility, equates to providing power for up to one million...

This article is for Subscriber members only.
Log In Register

CHINA: Solarfun sets pricing of initial public offering of American Depositary Shares (ADS) at US$12

(EnergyAsia, December 28) — Nasdaq-listed Solarfun Power Holdings Co Ltd, an established manufacturer of both photovoltaic (PV) cells and PV modules in China, has set the price of its initial public offering of American Depositary Shares (ADSs) at US$12.50 per ADS. Each ADS represents five ordinary shares, par value US$0.0001 per share, of Solarfun. The...

This article is for Subscriber members only.
Log In Register

INDIA: BHEL to build ‘eco-friendly’ co-generation power plant at Haldia oil refinery

(EnergyAsia, December 28) — India’s Bharat Heavy Electricals Limited (BHEL) said it has bagged a major order from Indian Oil Corporation (IOC) to set up an energy efficient and environment friendly co-generation power plant at its Haldia oil refinery complex. Bhel said it will build the Rs1.65 billion frame-5 gas turbine-based co-generation power plant on...

This article is for Subscriber members only.
Log In Register

INDIA: Oil products now the leading export item

(EnergyAsia, December 28) — Refined oil products have emerged as India’s leading export item, earning Rs383 billion in the first five months of fiscal 2006 to overtake the gems and jewellery sector. (US$1=Rs45). Indian oil refiners exported 21.5 million tonnes of products worth Rs510 billion for the year ending March 31 2006. The Petroleum Ministry...

This article is for Subscriber members only.
Log In Register

OMAN: Oman Oil Company to purchase 8% stake in China Gas Holdings

(EnergyAsia, December 28 ) — Oman Oil Company (OOC) said it has agreed to purchase eight percent of the issued shares of Hong Kong-listed China Gas Holdings Ltd. The agreement was signed by Maqbool bin Ali Sultan, Oman’s Minister of Commerce and chairman of Oman Oil Company, and by Liu Ming Hui, China Gas Holdings’...

This article is for Subscriber members only.
Log In Register

PAPAU NEW GUINEA: Syntroleum signs gas-to-liquids joint development agreement with Kuwait

(EnergyAsia, December 28) — Nasdaq-listed Syntroleum Corp said it has signed a joint development agreement with Kuwait Foreign Petroleum Exploration Co (KUFPEC) to join in the development of a 50,000-barrel per day gas-to-liquids (GTL) facility in Papua New Guinea. This agreement follows the formal statement of support for the GTL facility by Papua New Guinea’s Prime...

This article is for Subscriber members only.
Log In Register

QATAR: ABB awarded $450 million substation order

(EnergyAsia, December 28) — ABB, the Switerzlands-based leading power and automation technology group, said it has won a $450 million contract from Qatar General Electricity and Water Corporation (Kahramaa) to support the country’s rapid growth by expanding the power transmission system.   The contract scope includes three substations and a telecommunication package for Qatar’s Phase...

This article is for Subscriber members only.
Log In Register

RUSSIA: Sakhalin oil well completes eight season of production

(EnergyAsia, December 28) — Russia’s first offshore oil production at the Vityaz Complex has completed its eighth production season off the coast of Sakhalin Island in the sea of Okhotsk. The overall field production is around 85 million barrels since the start of Sakhalin II Phase 1 operations in 1999.   Sakhalin Energy said: “This...

This article is for Subscriber members only.
Log In Register

SAUDI ARABIA – SUEZ Energy International wins tender for world’s largest power and desalination proj

(EnergyAsia, December 28) — SUEZ Energy International, in a consortium with Gulf Investment Corporation and Arabian Company for Water & Power Projects, has signed a build, own, operate, transfer (BOOT) contract for a 2,750MW and 800,000 litres/day Independent Water and Power Project (IWPP), in Jubail in north eastern Saudi Arabia. The consortium will own 60%...

This article is for Subscriber members only.
Log In Register

PEOPLE: Fortis Bank announced changes at energy, commodities departments

(EnergyAsia, December 27) — Fortis Bank has announced changes at its energy and commodities departments. Cristina Roberts has been appointed head of Energy of the bank’s Commodity Group following the departure of Jan de Laat. Ms Roberts joined the predecessors of Fortis in 1993. She has been active in Fortis’ commodity activities in New York,...

This article is for Subscriber members only.
Log In Register

OMAN: ABN AMRO completes financing advisory work on Barka II power plant and Al Rusail

(EnergyAsia, December 27) — Dutch bank ABN AMRO said it has successfully advised the Omani government in executing the transaction of the landmark Barka II IWPP project and the privatisation of the Al-Rusail power plant.   Represented by the Electricity Holding Company (EHC) and Oman Power and Water Procurement Company (PWP), the government awarded the...

This article is for Subscriber members only.
Log In Register

JAPAN: Chubu Electric, Toho Oil to complete merger in FY2009

(EnergyAsia, December 27) — Japan’s Chubu Electric Power Co Inc said its proposed merger with 100%-owned subsidiary Toho Oil Co Ltd will be completed in 2009, instead of January 1, 2007, as originally announced.   Chubu Electric said the delay has been made necessary as “several issues will require more time to resolve.”   These...

This article is for Subscriber members only.
Log In Register

COMPANY: ConocoPhillips begins production of renewable diesel fuel at refinery in Ireland

(EnergyAsia, December 27) — ConocoPhillips has begun commercial production of renewable diesel fuel at the company’s Whitegate Refinery in Cork, Ireland. The production process was developed by ConocoPhillips and uses soybean and other vegetable oils to produce renewable diesel fuel that meets European Union standards for diesel fuels.   The refinery is producing 1,000 barrels...

This article is for Subscriber members only.
Log In Register

IRAN: Oil product storage facilities launched at Kharg Island

(EnergyAsia, December 27) — Iran has started up its Kharg Island oil products export terminal with the launch of five oil storage tanks on Christmas day. Moussa Souri, managing director of the Oil Products Export Terminals Company, said the new tanks have boosted the terminal’s capacity from 11.5 to 15 million barrels of oil. The...

This article is for Subscriber members only.
Log In Register