NUCLEAR: GE-Hitachi alliance submits reactor design to UK regulators for assessment

(EnergyAsia, June 29, Friday) — GE-Hitachi Nuclear Energy (GEH) said it has submitted its ESBWR reactor design to government regulators in London to initiate the generic design assessment (GDA) process as the UK considers whether to build a new fleet of reactors to help meet its energy and emissions-reduction requirements. GEH is seeking “design acceptance (more…)

KOREA: Wartsila delivers gas-engines for a power plant

(EnergyAsia, June 29, Friday) — Finland’s Wärtsilä has won a contract from Korea’s JB Entech Co Ltd to deliver engineering and equipment for a 25.3 MWe combined heat and power plant (CHP) for the Cheong Soo community in Cheon Ahn City. This is Wärtsilä’s first CHP project in South Korea under the community energy system (more…)

CLIMATE CHANGE: Bush says climate plan would tie in with UN efforts

(EnergyAsia, June 29, Friday) — US President George W. Bush insists his plan for a summit of the world’s 15 top greenhouse gas emitting countries would tie in with and support the UN’s efforts to fight climate change. However, the plan – put forward at the recent G8 summit in Germany – has failed to (more…)

MARKETS: Investment in clean technology sharply up on global warming concerns, high energy prices an

(EnergyAsia, June 29, Friday) — Investments in the clean technology sector soared last year as venture capitalists increased spending by 78% to $2.9 billion, according to a study by the Cleantech Network™ , a Cleantech Group™ Company and Environmental Entrepreneurs (E2). Experts attribute the boom, to growing concerns over global warming, higher energy prices, improved (more…)

INDIA: Reliance Industries awards Halliburton contract to provide deep water sand control completion

(EnergyAsia, June 29, Friday) — US engineering firm Halliburton said its energy services group has been awarded a US$35 million contract by Reliance Industries Limited (RIL) to provide deep water sand control completion technology in the Dhirubhai-I and Dhirubhai-3 fields off the coast of India. The scope of the work includes supplying products and installation (more…)

RENEWABLES: China and India will overtake US

(EnergyAsia, June 29, Friday) — The US, China and India will lead the world in developing renewable energy projects in the next five years, said consultants Ernst and Young. According to its Renewable Energy Country Attractiveness Index, the Asian giants are likely to overtake the US by 2012 as the most attractive countries for renewable-energy (more…)

ASIA: Manila meet to focus on accelerating clean energy deployment

(EnergyAsia, June 29, Friday) — More than 300 experts met in Manila, Philippines this week to find ways to scale up the deployment of clean energy across the world’s fastest-growing region. “Asia faces a particularly daunting challenge in securing the energy it needs to support growth and poverty reduction in a responsible, sustainable manner,” Asian (more…)

VIETNAM: Toyo Kanetsu to build tanks to serve dung Quat refinery

(EnergyAsia, June 29, Friday) — Lilama, a Vietnamese state engineering firm, has picked Japanese storage builder Toyo Kanetsu as its foreign partner for the construction of the tanks for the country’s first oil refinery at Dung Quat. Lilama was awarded the $70.4 million contract to provide tanks and pipes for the 130,000-barrel-per-day refinery which is (more…)

CAMBODIA: Size of oil reserves, production start-up not clear

(EnergyAsia, June 29, Friday) — Is Cambodia going to be Southeast Asia’s next oil powerhouse? The government and the industry are downplaying the prospect of potential oil wealth from one of the region’s poorest countries by openly casting doubts on the size of the recoverable oil and gas reserves. An early prospector, Chevron Corp, has (more…)

AUSTRALIA: Norway’s AGR to build small LNG plant

(EnergyAsia, June 29, Friday) — Norwegian oil technology firm ARG said its subsidiary Liquegas Energy will build a 100-tonne/day liquefied natural gas (LNG) and compressed natural gas (CNG) plant in Australia’s Queensland state. The plant, near Dalby town, is expected to start up in 2009 using natural gas supplied from coal seams. Australia-listed Arrow Energy, (more…)

PHILIPPINES: Clark oil depot collapsed, killing two men

(EnergyAsia, June 28, Thursday) — Two men were killed and another was missing after the collapse of a Coastal Petroleum oil depot in Clark’s Angeles City in the Philippines. The two were believed buried alive while trying to illegally strip off the steel cover of the oil depot. Five others believed to be part of (more…)

PAKISTAN: Kuwait courted for oil and gas investments

(EnergyAsia, June 28, Thursday) — Pakistan is courting Kuwaiti investments to help develop its energy sector from exploration and development to downstream projects like storage and refining. Pakistan’s Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon, recently called on Kuwaiti firms invest in his country’s oil and gas sector. He said opportunities for cooperation (more…)

INDIA: Minister promises Kashmir an oil storage facility by 2010

(EnergyAsia, June 28, Thursday) — India’s minister for petroleum and natural gas, Murli Deora, has promised that embattled state of Jammu and Kashmir will have its own bulk oil storage tanks by 2010. The tanks will help the state avoid the frequent recent incidences of shortage of gasoline and diesel fuels. Mr Deora, who recently (more…)

KOREA: Oil stockpile alliance with Japan

(EnergyAsia, June 28, Thursday) — South Korea and Japan have signed a strategic alliance agreement to allow each to tap the other’s oil stockpiles in the event of an emergency. The agreement falls short of a formal joint stockpiling programme. As members of the Paris-based International Energy Agency (IEA), both countries are required to hold (more…)

INDIA: Crude import bill up 24% to US$48 billion in FY2006

(EnergyAsia, June 28, Thursday) — Sharply higher oil prices pushed India’s crude import bill up by more than 24% to $48.1 billion for the fiscal year ended March 31, 2007. The total imports of crude and products was $56.99 billion, against $44.64 billion in the previous year. India imported 110.85 million tonnes of crude, up (more…)

KOREA: Hyundai to reduce size of proposed new refining unit

(EnergyAsia, June 28, Thursday) — Korea’s Hyundai Oilbank Corp said it plans to cut spending on a secondary refining unit by $400 million to $2.26 billion. The residual fluid catalytic cracker (RFCC) will be downsized from the original 85,000 b/d to 52,000 b/d. The project is slated for completion by 2011, and will comprise the (more…)

CAMBODIA: CNOOC signs oil and gas exploration agreement

(EnergyAsia, June 28, Thursday) — Less than a year after entering Cambodia, China National Offshore Oil Corp (CNOOC) has clinched its first production-sharing contract for rights to the 7,500-sq km offshore Block F. The company is expected to start exploration work soon. China’s third-largest oil producer is aiming to soon land a second PSC for (more…)

CHINA: Shell to build 200 million litres/year lubricants plant near Zhuhai city

(EnergyAsia, June 28, Thursday) — Shell China Limited said it is planning to build a world-scale lubricants blending plant in Guangdong province in southern China to meet growing demand in the region. The 200 million litres per year plant will be eventually expanded to 400 million litres, making it one of the top three lubricants (more…)

BANGLADESH: Oil tanks at capacity as heavy rains hold up deliveries

(EnergyAsia, June 28, Thursday) — The Bangladesh Petroleum Corporation (BPC) has been forced to delay deliveries of diesel shipments from the port of Chittagong in recent weeks due to a build-up of stockpiles at its depots. Tanks have been filled to the brim as heavy rains across the country had prevented the fuels from being (more…)

CHINA: GT Solar signs polysilicon reactor contract with Jiangsu Shunda

(EnergyAsia, June 28, Thursday) — US-based GT Solar Incorporated, a global leader in photovoltaic (PV) technologies and equipment, said it has signed a $39.5 million contract to sell polysilicon reactors and converters to China’s Jiangsu Shunda Electronic Materials and Technology. GT Solar’s reactors and silicon tetrachloride converters will be installed at Shunda’s facility near Nanjing, (more…)

IRAN: Plans for refinery investments in Asia to counter US pressure

(EnergyAsia, June 27, Wednesday) — Prevented by US trade sanctions from accessing international capital and technology to expand its domestic refining capacity, Iran said it will look to Asia to build at least five new refineries with a total capacity of 1.1 million b/d. Speaking at an oil conference in Malaysia, petroleum minister Seyed Kazem (more…)

CHINA: Sinopec chairman ousted as major shake-up looms

(EnergyAsia, June 27, Wednesday) — Chen Tonghai has unexpectedly stepped down as chairman of Hongkong-listed Sinopec, Asia’s largest oil refiner. The largely government-owned company said Mr Chen resigned for “personal reasons” while media reports cited unspecified “serious breaches of discipline.” Vice-chairman Zhou Yuan will fill in for Mr Chen until a successor is elected, raising (more…)

SINGAPORE: Lloyd’s Register Asia wins Petroprod Ltd contract for FPSO services

(EnergyAsia, June 27, Wednesday) — Lloyd’s Register Asia said it has been awarded a significant new contract by Singapore-based PetroProd Ltd for services related to the conversion of the MT ARC to a Floating Production, Storage and Offloading (FPSO) vessel. The contract, won through the combined efforts of Lloyd’s Register Asia’s oil and gas and (more…)

MALAYSIA: Electricity leader Tenaga chooses Itron software for automated meter reading initiative

(EnergyAsia, June 27, Wednesday) — Nasdaq-listed Itron Inc, in collaboration with local partner Impianas Sdn Bhd, has landed a contract with Tenaga Nasional Berhad (TNB), Malaysia’s largest electricity utility, for deployment of Itron Enterprise Edition (IEE) meter data management software. The installation of Itron MDM software is a key component part of the utility’s largest (more…)

INDIA: Invensys wins automation order for mega power plant project

(EnergyAsia, June 27, Wednesday) — Invensys Process Systems said it has been selected by China’s Shandong No. 3 Electric Power Construction Corporation (SEPCO III) to implement Foxboro I/A Series distributed control systems (DCS) for a 3,600MW generating station being built in Jharsuguda district in India’s Orissa state. The plant is one of the largest power (more…)