(EnergyAsia, September 22) — Fueled by large trading losses, long liquidation may be ebbing and the selling in the oil markets could be coming to an end soon, said commodities trader FIMAT.   Seemingly toned-down US rhetoric on Iran, long liquidation by financial players and yet another large weekly build in US product stocks Ð...

(EnergyAsia, September 22) — The oil markets received another jolt last month when badly corroded pipelines forced BP to shut down half its 400,000 b/d Prudhoe Bay output in Alaska. As if this wasn’t bad enough, experts warn that many oil pipelines in other parts of the world are also seriously corroded.   Apart from...

(EnergyAsia, September 22) — US, Nasdaq-listed Lipman Electronic Engineering Ltd said it has entered into a US$2.5 million contract to supply NURIT 8320 and NURIT 8000 Point of Sale (POS) terminals and NURIT 222 PIN Pads to the Industrial and Commercial Bank of China (ICBC). This order will enable the expansion of a previously announced...

(EnergyAsia, September 22) — US and Chinese leaders from the public and private sectors met September 12-13 in China’s Shanxi province in an informal gathering of technology and policy experts to exchange views on using and promoting clean coal technology, reported the US Department of State.   The meeting was arranged by the Jackson Hole...

(EnergyAsia, September 22) — Suzlon Wind Energy Corporation (SWECO), the Chicago-based subsidiary of Denmark’s Suzlon Energy A/S, has finalised an agreement with John Deere Wind Energy (JDWE) to supply 247 MW in wind turbine capacity. Suzlon energy A/S is the international business arm of Suzlon Energy Limited.             With this new order, John Deere Wind...

(EnergyAsia, September 22) — Carbon Expo Asia is this year’s gateway to the Asian carbon market. To be held on October 26-27 2006 in Beijing, China, Carbon Expo Asia, is your opportunity to be one of the first movers on the Asian carbon market, one of the leading markets in the Clean Development Mechanism (CDM)....

(EnergyAsia, September 22) — A number of comments have appeared recently in the media referring to violations of environmental legislation by Sakhalin Energy and criticisms allegedly identified by the State Environmental Expert Review (SEER) of the Sakhalin II Phase 2 project in 2003. As these comments have attracted a lot of attention, Sakhalin Energy has...

(EnergyAsia, September 22) — Spain’s ENDESA said it will buy from two Chinese companies, Huaneng and Jiuquan Sanyuan Hydro Power, 100% of their certified reductions in greenhouse gases in three wind farms and a hydro plant in China in 2006 Ð 2012, which could reach a total of 2.7 million tonnes of CO2.   ENDESA...

(EnergyAsia, September 22) — African oil producer Chad appears to have won its fight for more tax revenues after US major Chevron and Malaysia’s Petronas agreed to increase payments. The Chadian government of Idriss Deby announced on August 26 that it had booted the two companies out for failing to settle its demand for more...

(EnergyAsia, September 22) — Two US companies, Synthesis Energy Systems Inc (SES) and Quantum Fuel Systems Technologies Worldwide Inc, have jointly announced the successful operation of what they claimed is the world’s first engine generator using synthesis gas or syngas as fuel. The engine generator set, a 125 kW Kohler engine based on a General...

(EnergyAsia, September 21) — Singapore Exchange-listed KS Energy Services Limited said it has signed a bare boat charter contract with Pacific Exploration Pte Ltd (PEx) to lease a refurbished seismic exploration vessel for two years with an option for another two years. The total lease payment over the four years is approximately US$21 million.  ...

(EnergyAsia, September 21) — The New York Mercantile Exchange Inc has announced margins, position accountability, expiring month position limits and reporting levels for its new Singapore 380cst fuel oil futures contract that will be offered for trading on the CME Globex starting September 24 for trade date September 25. Nymex said margins will be US$1,400...

(EnergyAsia, September 21) — Emerging Markets Online, an energy intelligence agency and management consulting firm, has released its study entitled, “Biodiesel 2020: A Global Market Survey.” The survey is designed to help financiers, producers, developers, distributors, consultants and analysts with a fact-filled market guide detailing medium and long-term trends and developments in the global biodiesel...

(EnergyAsia, September 21) — Asian Development Bank (ADB) has proposed a US$1.565 billion loan to help develop the Greater Mekong Subregion (GMS) over the three years from 2007. The six GMS member countries are Cambodia, China, Laos, Myanmar, Thailand and Vietnam. The final amount is subject to the availability of resources, the result of country...

(EnergyAsia, September 21) — Police have decided not to press charges against three senior officials of the Vietnam Oil and Gas Corporation (PetroVietnam).             Former chairman Ho Si Thoang, former general director Ngo Thuong San and former deputy general director Nguyen Hiep were let off after the Ministry of Public Security completed their investigations into...

(EnergyAsia, September 21) — UK’s Environment Secretary David Miliband and China’s Minister for National Development and Reform Commission Ma Kai have signed an agreement to establish a UK-China climate change working group.   A UK government statement said: “The working group will enable progress to be made on key issues. It will help feed into...

(EnergyAsia, September 21) — The first application in India for GE Energy’s Mark VI control system featuring Integrated Turbine Compressor Control (ITCC) technology will be a retrofit project at a liquefied petroleum gas processing plant in Vijaypur, Madhyapradesh state. The plant is owned by GAIL (India) Limited, the state-owned gas transmission and marketing company.  ...

(EnergyAsia, September 21) — SunTechnics, a leading system integrator for renewable energy and the flagship company of the Conergy Group, said it has successfully entered into India.   SunTechnics Energy Systems Pvt Ltd, the company’s wholly owned Indian subsidiary, has begun operations in Bangalore. It has already invested more than 120 million in the Indian...

(EnergyAsia, September 21) — BP Australia said it plans to deliver more than 400 million litres of biofuels per year, far exceeding the Federal government’s target of 350 million litres by 2010.             BP said its three initiatives will ensure that its production will enable the country to achieve its biofuels target at least one...

(EnergyAsia, September 21) — Japan’s Mitsubishi Heavy Industries Ltd (MHI) said it has received an order for three sets of LNG-fired gas turbine combined-cycle (GTCC) power generation systems, 1,350 MW in total, for Spain’s Morata Energia SL. Morata Energia is a special purpose company (SPC) established by Electrabel S.A. of Belgium.   The GTCC power...

(EnergyAsia, September 20) — German chemical giant BASF and China’s Sinopec have signed an agreement to commission a technical and commercial feasibility study for the expansion of their joint venture petrochemical project in Nanjing in China’s Jiangsu province.   Chen Tonghai, Sinopec chairman, JŸrgen Hambrecht, BASF chairman and Martin BrudermŸller, BASF board member responsible for...

(EnergyAsia, September 20) — The governments of China and the UK have signed a Memorandum of Understanding (MOU) to develop their energy relationship.   The MOU provides for the creation of a China-UK Energy Working Group that will meet annually to explore opportunities for mutual cooperation in the energy sector. Meetings will be focussed on...

(EnergyAsia, September 20) — Executives of India’s Bharat Petroleum Corporation Limited (BPCL) were with Prime Minister Manmohan Singh in Brazil last week to explore the possibility of importing ethanol.   Indian oil companies are facing a November deadline to offer ethanol-blended gasoline to local motorists. BPCL is looking into the possibility of buying or leasing...

(EnergyAsia, September 20) — Indian engineering firm Punj Lloyd Limited (PLL) said it has entered into a 49/51 joint venture with Germany’s Kaefer GmbH, a world leader in the insulation business.   Punj Lloyd Insulations, a subsidiary of the Indian firm, now executes cryogenic insulation for LPG and LNG terminals, hot and cold insulation for...

(EnergyAsia, September 20) — The Malaysian government has confirmed it will not issue licences for biodiesel production for the rest of the year in an attempt to “safeguard” the country’s fledgling biofuels industry as well as its palm oil production and supply.   Plantation Industries and Commodities Minister Peter Chin Fah Kui said the government...