Archive | October, 2007

UAE: Focus on solar energy as new growth sector

energy sector. The emirate is lining up solar projects including solar-powered water taxis, street lights, parking meters and houses. Water taxis are an important means of public transportation in Dubai while powering street lights with solar energy will help reduce the need for investing in expensive infrastructure. A more ambitious project is a big thermal […]

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US: Alberta’s Energy Minister Mel Knight meet investors over new royalty rates

and Chicago from October 28 to November 4 to address their concerns over Alberta’s new royalty system due to begin in 2009. In his meeting with US government officials, investment firms and industry representatives, he will also highlight investment opportunities and continued security of supply for American consumers under the new royalty regime. The framework […]

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BIOFUELS: Bank says US efforts to develop corn-based ethanol fuel market will boost inflation

increase energy self-sufficiency will do little but drive food prices skywards, said Canada’s CIBC World Markets. In a report, the bank said that to meet the policy goal of significantly increasing US production of ethanol to reduce dependence on imported oil, federal and state governments are extending huge subsidies to ethanol producers to expand capacity […]

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AUSTRALIA: Report warns of critical security risks from unstable energy markets

integrate energy security into its foreign and defence policies, a new strategy report warns. The report, “Power plays: Energy and Australia’s security”, by Michael Wesley, Director of the Griffith Asia Institute at Griffith University, highlights the increasing dependence of the country on oil and gas from the unstable Middle East region and the repercussions for […]

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CHINA: Gasoline imports rise to eight-year high as domestic output slumped

September as domestic refiners held down production. For the first nine months of the year, gasoline imports were up by almost 310% over the same period last year to exceed 151,100 tonnes. The data sharply reversed China’s status as a traditional big gasoline exporter. Its refineries are geared towards high output of gasoline. Chinese refiners […]

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SINGAPORE: Clean Energy Research and Development gets S$50 million injection

(EnergyAsia, November 1, Thursday) — Singapore’s Clean Energy Programme Office (CEPO) has launched a S$50 million Clean Energy Research Programme (CERP) to accelerate research and development efforts to support the growth of the country’s clean energy industry. (US$1=S$1.45). CERP is a competitive funding initiative for Clean Energy R&D, aimed at supporting both upstream and downstream […]

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THAILAND: Chevron granted 10-year production extension for concessions in the Gulf of Thailand

(EnergyAsia, October 31, Wednesday) — US energy major Chevron Corp said its subsidiary Chevron Thailand Exploration and Production Ltd, partners and the Thai Ministry of Energy have signed an agreement to extend the production period of four offshore blocks in the Gulf of Thailand for an additional 10 years to 2022. Chevron said the extension […]

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