Archive | October, 2009

AUSTRALIA: South Korea’s Hyundai Heavy wins US$2.06 billion order for Gorgon natural gas project

(EnergyAsia, October 30, Friday) — South Korean engineering firm Hyundai Heavy Industries Co Ltd (HHI) said it has secured a record US$2.06 billion contract to build a module fabrication for the Barrow Island liquefied natural gas (LNG) plant as part of the development of Australia’s giant Gorgon gas fields. HHI submitted its bid to build […]

Continue Reading 0

CHINA: A-Power Energy Generation Systems Ltd to develop a 19.5MW wind farm in Shandong province

(EnergyAsia, October 30, Friday) — A-Power Energy Generation Systems Ltd, a Nasdaq-listed provider of distributed power generation systems in China and a fast-growing manufacturer of wind turbines, said it has won a contract to develop a 19.5MW wind farm in Donggang, Rizhao City in Shandong province. Under the $36.2 million contract awarded by the Shandong […]

Continue Reading 0

CHINA: Wartsila to license Zhuhai Yuchai Marine Power to produce and sell low-speed engines

(EnergyAsia, October 30, Friday) — Finnish power solutions provider Wartsila Corporation said it has agreed to license China’s Zhuhai Yuchai Marine Power Co Ltd to manufacture and sell its RT-flex low-speed marine diesel engines in the country. Zhuhai Yuchai is a subsidiary of Guangxi Yuchai Machinery Group, the largest manufacturer of and the market leader […]

Continue Reading 0

CHINA: CIC seeks minority stakes in infra, energy projects

(EnergyAsia, October 30, Friday) — Chinese sovereign wealth fund China Investment Corp is looking to take minority stakes in international infrastructure, resources and energy projects to diversify its US$200 billion investment portfolio.  The company said that the fund is looking for deals in green energy and new technology to help improve electricity transmission efficiency, citing […]

Continue Reading 0

CHINA: Rise as global economic leader fuelled by energy investments, said speaker at ROTH conference

(EnergyAsia, October 30, Friday) — China’s plans to invest an estimated $2.65 trillion in energy infrastructure, production and distribution by 2020 is fuelling its rise as a global economic power, said Louis Schwartz, president of China Strategies, LLC.  Speaking at the recent annual ROTH Capital Partners China Investment Conference in Florida, US, he predicts China […]

Continue Reading 0

COMPANY: Lloyd’s Register launches global energy unit

(EnergyAsia, October 29, Thursday) — The Lloyd’s Register group said it has created a new energy business by merging its oil and gas, and chemicals and power divisions. The consulting and inspection company said the combined business will bring together its capabilities in the upstream, downstream, power and manufacturing sectors to provide a range of […]

Continue Reading 0

PAPUA NEW GUINEA: Santos said ExxonMobil raised LNG project FEED cost estimate to US$15 billion

(EnergyAsia, October 29, Thursday) — Australian upstream company Santos said ExxonMobil has raised the pre-front end engineering and design (FEED) estimate for its liquefied natural gas (LNG) project in Papua New Guinea to US$15 billion. Operator ExxonMobil provided the estimate which covers the project’s first phase on a preliminary basis as the contract awards have […]

Continue Reading 0

Developed by Bowtie