Archive | November, 2009

INDIA: Oil depots’ risks to populated areas cited after large blaze

(EnergyAsia, December 1, Tuesday) — The risks posed by India’s oil refineries in populated areas have been underscored by the destruction caused by a massive blaze at the Indian Oil Corporation’s (IOC’s) fuel depot in Jaipur in October. Acknowledging that areas around oil depots are vulnerable to accidents, the Mumbai fire brigade has cited the […]

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DUBAI: DME reports new record volume of Oman crude oil futures traded in October

(EnergyAsia, December 1, Tuesday) — The Dubai Mercantile Exchange (DME) said it handled a record average daily volume of 2,624 contracts of its Oman crude oil futures last month. This represented a 58% increase over last year’s daily volumes of 2,012 contracts, and exceeded the previous record of 2,421 contracts achieved in June 2009. That […]

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SINGAPORE: Solar energy research institute unveils state-of-the-art facilities to support industry a

(EnergyAsia, December 1, Tuesday) — The Solar Energy Research Institute of Singapore (SERIS) has unveiled state-of-the-art laboratories and facilities dedicated to advancing innovation and discoveries in the industry. Supported by a S$130 million budget over the next five years, SERIS will conduct use-inspired research and development (R&D), collaborate with the international solar industry, and act […]

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CHINA: China Solar Power completes purchase of California-based ThinSilicon

(EnergyAsia, December 1, Tuesday) — China Solar Power (Holdings) Ltd (CSP), a manufacturer of thin film amorphous silicon photovoltaic modules, said it has acquired ThinSilicon Inc, a leading developer of thin film manufacturing process technology based in Mountain View, California, US. Founded three years ago, ThinSilicon has developed a proprietary device and process technology that […]

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SINGAPORE: Sembcorp Marine awards Tuas shipyard construction contract to subsidiary of Chinese engin

(EnergyAsia, November 30, Monday) — Singapore’s Sembcorp Marine said it has awarded the turnkey construction contract for Phase I of its new Tuas shipyard project to Zhen Hua (S) Engineering Pte Ltd for a total value of S$443.25 million. (US$1=S$1.38). The contract is part of the estimated S$750 million cost to develop the 73.3-hectare first […]

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MARKETS: Platts’ comment on Saudi Aramco’s decision to use Argus index to price WTI crude

(EnergyAsia, November 30, Monday) — Energy media group Platts said it has long acknowledged traders’ growing concern with US benchmark WTI’s volatility and apparent disconnect from the market, but declined comment on Saudi Aramco’s decision to start using the sour crude index published by publishing rival Argus Media from next January. “It’s not Platts’ practice […]

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SINGAPORE: CERA’s Yergin talks up innovation and technology as Asia struggles to meet energy demand

(EnergyAsia, November 30, Monday) — “If the 20th century was the ‘Century of Oil’, the 21st century will be the ‘Century of Energy Innovation’,” proclaimed Daniel Yergin, energy guru and the Pulitzer-Prize winning author of “The Prize”, an 800-page history of the global oil industry from the 1850s through 1990. In delivering his message of […]

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