(EnergyAsia, November 21) — UOP LLC, a Honeywell company, said it has established a new business unit to introduce new technology for processing renewable energy sources in existing or new petroleum refineries worldwide.   The new unit, called Renewable Energy and Chemicals, will accelerate UOP’s existing efforts to develop renewable energy technologies by developing profitable...

(EnergyAsia, November 21) — NYSE-listed Suntech Power Holdings Co Ltd (NYSE: STP), one of the world’s leading manufacturers of photovoltaic (PV) cells and modules, said its chairman and CEO, Zhengrong Shi, has established the China Solar Photovoltaic Suntech Prize to honour engineers, scientists, entrepreneurs and government officials who have made substantial contributions to the development...

(EnergyAsia, November 21) — Swiber Holdings Limited, a Singapore-based integrated offshore engineering, procurement, construction, installation and commission (EPCIC) contractor with a complementary business in the supply of marine support vessels, said it has signed letters of intent worth approximately US$9.36 million.   The latest contracts have boosted its book order to US$16.5 million.   The...

(EnergyAsia, November 21) — Global fuel and lubricant additive supplier Afton Chemical Corp has announced the launch of BioTECª performance additive solutions for use in ethanol and biodiesel applications. Demand for ethanol and biodiesel based fuels is growing rapidly around the world. Afton said this growth presents fuel producers and retailers with new technical and...

(EnergyAsia, November 21) — Pakistan has approved an application by UAE state agency International Petroleum Investment Co (IPIC) to build a 300,000 barrels per day oil refinery at Hub in the southwestern province of Balochistan. IPIC is owned by the government of UAE’s Abu Dhabi.   At US$5 billion, the proposed plant to be located...

(EnergyAsia, November 20) — China Aviation Oil Singapore Corporation Ltd (CAO) and J. Aron & Company Singapore Pte, a unit of The Goldman Sachs Group Inc said they have decided to drop legal action against each other related to the 2004 financial collapse of CAO from speculative trades in oil derivatives.   CAO lost more...

(EnergyAsia, November 20) — Horizon Terminals Limited (HTL), a subsidiary of UAE’s ENOC, said it and partners, Independent Petroleum Group of Kuwait (IPG) and Afriquia SMDC of Morocco, have signed a 25-year agreement to build, own, operate and transfer (BOT) an international petroleum storage terminal at the new Port of Tangiers in Morocco.   The...

(EnergyAsia, November 20) —- Australian upstream company Santos said it has found four oil bearing intervals in the Blackbird well off the coast of Vietnam. The Blackbird well (12E-CS-1X), which had been drilled to a total depth of 4,058 metres, is located in Block 12E, about 21 km to the southwest of recent successful wells...

(EnergyAsia, November 20) — Upstream company New Zealand Oil and Gas (NZOG) said it plans to raise more than NZ$200 million to finance the development of key gas and coal fields. (US$1=NZ$1.5).   The oil and gas explorer needs NZ$70 million to develop the Kupe gas field and the Pike River coal mine project. It...

(EnergyAsia, November 20) — The massive US oil inventory increase over the summer, the steepest third-quarter OECD stockbuild in 15 years, has shrunk nearly as fast as it had appeared, said commodities broker FIMAT citing the latest US weekly oil statistics. US crude stocks remain above their 2001 to 2005 range for this time of...

(EnergyAsia, November 20) — Chevron Energy Solutions, a unit of Chevron Corp, and the city of Millbrae have celebrated the completion of new facilities at Millbrae’s Water Pollution Control Plant that use inedible kitchen grease from restaurants to produce biogas for generating renewable power and heat to treat the city’s wastewater.   The unique system,...

(EnergyAsia, November 20) — CSIRO, Australia’s largest scientific research agency, said it has developed an ‘innovative’ solution to two very different problems confronting two of the biggest industries in the remote community of King Island in the Bass Strait – by transforming waste cardboard into an abundant fuel source.   Finding alternative fuel sources on...

(EnergyAsia, November 20) — Australia’s Natural Fuel Limited, developer of one of the world’s largest biodiesel facilities, said it plans to raise A$80.1 million in a fully underwritten initial public offering (IPO), as it seeks listing on the Australian Stock Exchange (ASX). (US$1=A$1.3).   In its prospectus with the Australian Securities and Investments Commission (ASIC),...

(EnergyAsia, November 20) — Canada’s CenGroup Petroleum Corporation, an international oil recovery company, said it has opened an offices at 106 Nobel Prospect in Baku, Azerbaijan.   The Vancouver, British Columbia company said it has also acquired a facility to house a sorbent manufacturing plant, field operation equipment and storage.   “Phase 3 of the...

(EnergyAsia, November 20) — Grace China Ltd, a subsidiary of W. R. Grace & Co, has signed a Memorandum of Understanding with Maryland Center China, establishing a partnership for sharing market intelligence and promoting business development in the country.   The partnership allows Grace to strengthen its presence in China by sharing resources with the...

(EnergyAsia, November 17) — France’s Technip and UK’s Subsea 7 said their Australian entities, Technip Oceania Pty Ltd and Subsea 7 Australia Pty Ltd, have been awarded a subsea EPIC installation contract by BHP Billiton Petroleum Pty Ltd for the Stybarrow development project in Australia.   Located in approximately 800 m of water off the...

(EnergyAsia, November 17) — The Philippines government expects to sign up around US$200 million worth of new service contracts for oil and gas exploration next year, said Energy Undersecretary Guillermo R. Balce.   The Department of Energy will soon announce the launch of the third contracting round under the government’s so-called Public Contracting Round (PCR)...

(EnergyAsia, November 17) — The Philippine municipality of Lacub in the northern island of Luzon has set up its first micro-hydro electric power plants, tapping into its rich water resources, instead of relying on the main power grid. The area is also not being served by the Abra Electric Cooperative (ABRECO).   Of the 14...

(EnergyAsia, November 17) — Cambridge Energy Research Associates (CERA) has stepped up its attacks on the peak oil theory in its latest analysis of the subject.             The consulting firm finds that the remaining global oil resource base is actually 3.74 trillion barrels — three times as large as the 1.2 trillion barrels estimated by...

 (EnergyAsia, November 17) — GE of the US and Japan’s Hitachi Ltd have signed a letter of intent to negotiate the formation of a global alliance that will combine their new nuclear power plant and services businesses with the goal of strengthening their existing operations, accelerating the development of new products and services, and positioning...

(EnergyAsia, November 17) — In one of his last major speeches as UN Secretary-General, Kofi Annan has called for “urgent action” to deal with the “all-encompassing threats” posed by climate change. Addressing the UN Climate Change Conference in Nairobi, Kenya this week, he criticised global warming sceptics for being “out of step, out of arguments...

(EnergyAsia, November 17) — Wth the world’s second largest oil reserves after Saudi Arabia, Alberta state in western Canada is not short on ambitions these days as it lays the foundation for a diversified, sustainable economy. Apart from oil, the state has rich reserves of natural gas, coalbed methane, minerals and lots of rich farmland...

(EnergyAsia, November 17) — Singapore-listed Rotary Engineering said it has won a second contract, worth S$10.3 million, for work on Shell’s upcoming project linked to the construction of a petrochemical complex on Bukom Island. (US$1=S$1.55). Earlier, the company had landed a contract worth S$15.5 million for work on modifying Shell’s Bukom refinery.   Rotray said...

(EnergyAsia, November 17) — Engineering giant Foster Wheeler Ltd said subsidiary Foster Wheeler North America Corp has been awarded a contract by Harbin Power Engineering Company Ltd (HPE) for the design of two 545 tons per hour sub-critical circulating fluidised-bed (CFB) steam generators for the Cam Pha Power Plant Power Project in Cam Pha, Vietnam....

(EnergyAsia, November 17) — Spain’s ACCIONA Energ’a said it has signed a contract to purchase from China’s Yingli group photovoltaic panels of 42 MWp capacity for the construction of a solar plant in Moura in Portugal.   Renewable energy company ACCIONA said the plant will have the highest installed capacity, by far, of any facility...