SINGAPORE: KS Energy Services lands US$43.9 million wind power services contract in the North Sea

secured a US$43.9 million time-charter contract for the newly constructed lift boat, KS Titan 1, to support offshore wind power operations in the North Sea. The KS Titan 1, owned by Casadilla Group Pte Ltd, a joint venture company between KS Energy Services Limited and Ezra Holdings Limited, will be chartered to Siemens Wind Power...

This article is for Subscriber members only.
Log In Register

ASIA: Canada’s Kitimat LNG plans LNG export terminal to meet growing demand

terminal in the western province of British Columbia to export liquefied natural gas (LNG) to the energy-hungry markets of Asia. The terminal will be sited near Kitimat port in on the Calgary-based company’s existing site at Bish Cove. Rising natural gas demand in Asia and recent increases in supply throughout North America – including in...

This article is for Subscriber members only.
Log In Register

BIOFUELS: Shell announces six new research agreements

agreements with experts in academic institutions across the world. They are part of a growing programme of agreements to complement Shell’s own biofuels research and development, and to accelerate results. The research programme investigates new raw materials and new biofuels production processes, with a focus on improving efficiencies and lowering costs.  The agreements will last...

This article is for Subscriber members only.
Log In Register

CHINA: Keppel, GuangYe agree on a pipeline of environmental projects worth RMB6 billion

owned subsidiary of Keppel Integrated Engineering Limited (KIE), has signed a framework agreement with China’s Guangdong GuangYe Environmental Protection Industrial Group Co Ltd for the joint development and investment of environmental infrastructure projects in Guangdong province. The agreement outlines the collaboration of the two companies for the development of a near-term pipeline of water and...

This article is for Subscriber members only.
Log In Register

CHINA: Suntech breaks ground on PV cell production plant in Jiangsu province

(PV) cell production facility in Yangzhou in China’s Jiangsu province. Suntech said it intends to complete the facility with a PV cell production capacity of 300MW by end-2009, expanding its total capacity to 1.4GW by end-2009 and 2GW by end-2010. The new plant is located near Suntech’s strategic silicon supply partner, Shunda Holdings Co Ltd,...

This article is for Subscriber members only.
Log In Register

CHINA: Trina Solar and Spain’s Gestamp Asetym launched 26 MW PV project

project in Fuente Alamo, Murcia, in southeastern Spain. Using PV modules mostly manufactured by Trina Solar, the project was installed by Gestamp Asetym Solar SA, a Spanish provider of solar system solutions. Trina Solar supplied 20 MW of mono and multicrystalline solar modules of the total 26 MW required for this key project as part...

This article is for Subscriber members only.
Log In Register

ASIA: ASEAN wants to work with China, Korea and Japan on oil stockpiling

issued a call to cooperate with China, South Korea and Japan on a scheme for joint oil stockpiling. As a first step, the nations’ energy ministers will set up a joint working group. The move comes amid high oil prices and tight supplies which have put the focus on energy security. Association of Southeast Asian...

This article is for Subscriber members only.
Log In Register

CHINA: Dalian Port, PetroChina plan 300,000-tonne oil terminal

300,000-tonne crude oil terminal in China’s northern city of Dalian. The terminal will be able to accommodate ships of up to 440,000 deadweight tonnes (dwt).   PetroChina, a major user of Dalian port, and DPC will be equal partners in the project.  Hong Kong-listed DPC recently announced a net profit of RMB534 million for the...

This article is for Subscriber members only.
Log In Register

CHINA: Four oil storage terminals to be completed this year

strategic petroleum reserves (SPRs) in the city ports of Dalian, Qingdao, Ningbo and Zhoushan by year-end. With a total storage capacity of 16.4 million cubic metres, the SPRs will help China deal with volatile oil prices and stock up to deal with times of tight supplies. By 2010, the tanks are expected to hold oil...

This article is for Subscriber members only.
Log In Register

SINGAPORE: Conergy dissatisfied with lack of official support for renewable energy use

its Asia Pacific head office in Singapore in August 2006. The official opening by the Environment Minister seemed to herald a watershed event in Singapore’s move to become a ‘green energy’ centre for the region. Conergy, co-founded as a solar energy company by Hans-Martin Reuter in 1996, had quickly rose to become a star of...

This article is for Subscriber members only.
Log In Register

PEOPLE: Reliance Industries sets up trading subsidiaries in London and Singapore

(EnegyAsia, September 22, Monday) — India’s Reliance Industries Limited (RIL) said it has incorporated wholly owned subsidiaries in two key centres of the world oil markets, namely London and Singapore. Reliance Global Energy Services Limited London is headed by Peter Ward, the former President of Shell Trading’s Gas and Power division, while Reliance Global Energy...

This article is for Subscriber members only.
Log In Register

QATAR: In interview, Qatargas chief forecasts stronger LNG prices and demand in Atlantic Basin

(EnergyAsia, September 22, Monday) —As the world’s largest liquefied natural gas (LNG) exporter brings four mega-trains online in the next five years, Qatargas’ chairman and CEO is forecasting stronger price levels as well as demand in the Atlantic Basin. In an exclusive interview in the debut issue of the Abraham Energy Report (AbrahamEnergyReport.com), Faisal Al-Suwaidi...

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Town to test algae as biodiesel feedstock

(EnergyAsia, September 22, Monday) — The rural city council of Ararat in Australia’s Victoria state is preparing trials to test algae as a feedstock for biodiesel. While still in an initial phase, the trials are aimed at determining which type of algae would produce the best biodiesel. If successful, Ararat may set up a plant...

This article is for Subscriber members only.
Log In Register

SOUTH KOREA: Steelmaker Posco starts up 50MW fuel cell-power plant

(EnergyAsia, September 22, Monday) —South Korea’s steel giant Posco said it has started up a 50 megawatt (MW) fuel cell power plant in its home base of Pohang city. Claiming this as the world’s largest fuel cell-power plant with the capacity to power 17,000 households, the company said it is jointly building the project with...

This article is for Subscriber members only.
Log In Register

PEOPLE: Singapore’s KS Energy to provide human resources and technical services

(EnergyAsia, September 22, Monday) –– KS Energy Services Limited, a Singapore-listed integrated oilfield equipment and drilling services provider, has launched a new service providing specialised and qualified human resource and technical services to the oil and gas industry. Newly established wholly-owned subsidiary, KS Technical Resources (KS TR), will help clients find the services of drilling...

This article is for Subscriber members only.
Log In Register

SINGAPORE: Rotary Engineering secures S$37.9 million EPC contract for Neste’s biofuel plant

(EnergyAsia, September 22, Monday) — Singapore-listed Rotary Engineering Limited said it has secured a S$37.9 million contract to provide engineering, procurement and construction services for Neste Oil’s new generation biofuel plant in Tuas in western Singapore. The contract, awarded by Technip Italy S.p.A, calls for the construction of 11 storage tanks, include five for feedstock,...

This article is for Subscriber members only.
Log In Register

ASIA: Amtech lands $9 million in solar orders

(EnergyAsia, September 22, Monday) — Amtech Systems Inc, a Nasdaq-listed supplier of production, parts and automation systems for the manufacture of solar cells, semiconductors, and silicon wafers, said its solar subsidiary, Tempress Systems Inc, has received $9 million in follow-on solar orders for its diffusion processing systems from two existing customers based in Asia. J.S....

This article is for Subscriber members only.
Log In Register

AZERBAIJAN: Socar to delay construction of oil storage facility

(EnergyAsia, September 22, Monday) — State Oil Company of Azerbaijan Republic (Socar) will delay the construction of its oil storage tanks in neighbouring Georgia by several months. Makhir Mamedov, CEO of subsidiary Socar Energy Georgia, said the company will only start construction later in the year as it is still not safe to do any...

This article is for Subscriber members only.
Log In Register

INDONESIA: Team begins work to renegotiate Tangguh LNG price with China

(EnergyAsia, September 22, Monday) — Indonesia has appointed a high-level team to renegotiate with China the term export price of liquefied natural gas (LNG) cargoes from Tangguh in Papua province. President Susilo Bambang Yudhoyono appointed the price renegotiation team led by Acting Coordinating Minister for Economic Affairs Sri Mulyani Idrawati through a presidential decree on...

This article is for Subscriber members only.
Log In Register

MARKETS: Oil surged back solidly above $100 a barrel as inflation looms

(EnergyAsia, September 22, Monday) — US crude futures staged another massive rally last Friday to close well above the $100-per-barrel mark once again. As news filtered through of the US government preparing a $700-billion rescue of Wall Street, investors returned to push oil up more than $6.67 a barrel to close at $104.55. Last week (more…)

SINGAPORE: Oiltanking Odfjell expands chemical terminal on Jurong Island

(EnergyAsia, September 19, Friday) — Oiltanking Odfjell Terminal Singapore Pte Ltd is adding 152,000 cubic metres of capacity to its chemical storage terminal on Singapore’s Jurong Island. Work on the existing Seraya site started in June to enable the terminal to better serve the island’s petrochemical complexes, refineries and downstream chemical companies. The expansion will...

This article is for Subscriber members only.
Log In Register

SINGAPORE: Morgan Stanley boosts stake in tidal power firm

(EnergyAsia, September 19, Friday) — US investment bank Morgan Stanley has boosted its stake in Singapore-based tidal power firm Atlantis Resources, making it the firm’s the largest stakeholder. Financial details and percentage shares were not disclosed. Tidal turbines, similar in principle to wind turbines, operate under water to produce electricity from tidal flow. However, the...

This article is for Subscriber members only.
Log In Register

JAPAN: Toyota mulls solar panels for Prius hybrid car

(EnergyAsia, September 19, Friday) — Japanese automaker Toyota is planning to equip its Prius hybrid car with solar panels to power the vehicle’s air conditioning system. If successful, the company would be the world’s first car maker to use solar power in a widely-sold passenger vehicle, potentially opening up the door to wider automotive applications...

This article is for Subscriber members only.
Log In Register

JAPAN: Trade ministry broadens subsidies for solar power

(EnergyAsia, September 19, Friday) — Japan’s Ministry of Economy, Trade and Industry (METI) plans to make it easier for small and midsize companies to get subsidies if they install solar power generation systems. Officials said the ministry would loosen eligibility requirements and earmark some five billion yen in the 2008 fiscal budget for solar subsidies....

This article is for Subscriber members only.
Log In Register

CHINA: Longtan hydropower project to reach full capacity this year

(EnergyAsia, September 19, Friday) — China’s third largest hydropower project at Longtan will operate at capacity this year with the installation of the last two of seven generators. Five generators, each with a capacity of 700,000 kilowatts (KW), are already in operation. Longtan, which cost 30 billion yuan, required the relocation of some 80,000 people...

This article is for Subscriber members only.
Log In Register