(EnergyAsia, November 16) — Green Electricity Watch, a ranking service by environmental groups, have named Origin Energy’s GreenEarth Solar and GreenEarth Wind products as the two leading, fully-accredited electricity products on the Australian market.   This is the third consecutive time that Origin’s green electricity products have led products of other 14 electricity retailers assessed....

(EnergyAsia, November 16) — Australia’s BHP Billiton said it and partners Hess Corporation and Repsol YPF have bought the oil and gas development rights in a deepwater Gulf of Mexico field from Anadarko Petroleum Corporation.  The transaction includes rights for certain rights in Green Canyon Blocks 652 and 608.   The Genghis Khan field, with...

(EnergyAsia, November 16) — Australia’s AGL Energy Limited (AGL) has welcomed the decision by Victoria’s state Minister for Planning Rob Hulls, to grant planning approval for the company’s proposed 330 megawatt (MW) Macarthur wind farm. The wind farm will be one of the largest in the southern hemisphere and use the latest turbine technology.  ...

(EnergyAsia, November 16) — Saudi Aramco said it has officially opened the new Aramco Overseas Company (AOC) office in Kuala Lumpur, Malaysia.   The office will focus on the strategic sourcing of new companies involved in manufacturing and contracting of material for Saudi Aramco, creating significant business opportunities for Malaysia through the company’s massive capital...

(EnergyAsia, November 16) — Oman’s Ministry of Oil and Gas and the Dubai Mercantile Exchange Limited (DME) have announced that Oman will adopt forward pricing of its crude oil based on the daily settlement price of the DME’s Oman crude oil futures contract due to start trading soon. The DME is a joint venture between...

(EnergyAsia, November 16) — US crude and product inventories are projected to show further declines for the week ending November 10. In making this forecast, commodities broker FIMAT said the decline will chip away at a broader, OECD-wide stock overhang, the magnitude of which came in sharp relief with the publication of the IEA’s latest...

(EnergyAsia, November 16) — US Congressmen Roscoe G. Bartlett (R-MD) and Tom Udall (D-NM), cofounders and cochairmen of the Congressional Peak Oil Caucus, said that a new report released by Cambridge Energy Research Associates (CERA), Why the Peak Oil Theory Falls Down: Myths, Legends, and the Future of Oil Resources, confirms the urgency for the...

(EnergyAsia, November 16) — Horizon Terminal Limited (HTL), a subsidiary of UAE’s ENOC, last month launched Horizon Taeyoung Korea Terminals, the result of a strategic partnership between Horizon and Taeyoung Group, a leading conglomerate in South Korea.   The move marks Horizon’s first step in building up its oil storage facility in Korea’s Port of...

(EnergyAsia, November 16) — NYSE-listed Kyocera Solar Inc said it has achieved a new world record of 18.5% energy conversion efficiency for a 15cm x 15cm multicrystalline silicon solar cell.   It said the achievement represents the latest in a series of advances by Kyocera, which in 1985 became the first manufacturer to commercialise multicrystalline...

(EnergyAsia, November 16) — Russia and China last week signed more than 10 documents at the end of their 11th Sino-Russian inter-governmental summit. These documents included a framework agreement on strategic cooperation between Rosneft and the China Petrochemical Corporation (Sinopec), as well as an agreement with the China National Petroleum Corporation (CNPC) on the creation of a joint enterprise.   Rosneft said that RAO UES...

 (EnergyAsia, November 15) — Ethanol giant China National Cereals, Oils and Foodstuffs Corporation (COFCO) has announced it will invest more than 10 billion yuan over the next five years to expand capacity throughout the country. (US$1=7.8 yuan).   COFCO said it aims to build up three million tonne/year of ethanol capacity by 2012. It is...

(EnergyAsia, November 15) — Vietnam’s Ho Chi Minh City is planning to use new technology to convert sewage-based biomass into electricity.   The technology, developed by Japanese firm Tsukishima Kikai, will treat sewage waste in an anaerobic container for 20-30 days. The treated waste will be converted into biogas which can be used to generate...

 (EnergyAsia, November 15) — The Asian development Bank (ADB) said it will provide Indonesia about $4 billion in loans and grants through to 2009 to support its reform programme and efforts to grow the economy to benefit the poor.   “ADB’s new strategy in Indonesia illustrates our confidence in the country’s future,” said ADB vice-president...

(EnergyAsia, November 15) — Singapore-listed Asia Power Corporation Limited has acquired a 51% interest in a hydropower plant in Mianjie Town in the Wenchuan district in China for around RMB 72,828,000. (US$1=RMB7.8). The 21 MW plant in Sichuan province was previously 100% owned by Wenchuan Huaming Power Development Co Ltd.   The plant currently generates...

(EnergyAsia, November 15) — Kuwait has agreed to a joint project to store crude oil in Korea, the first time a Middle Eastern oil producer will undertake stockpiling operation in the East Asia country.   Representing their respective countries, Kuwait Petroleum Corporation and Korea National Oil Corporation last month signed a deal to launch a...

(EnergyAsia, November 15) — Google, the world’s leading Internet search engine, has taken leadership in promoting renewable energy use as well. The company plans to build a solar-powered electricity system at its headquarters in California’s Silicon Valley to supply nearly one-third the electricity used by office workers.   When completed, the 1.6 megawatt (MW) electricity...

(EnergyAsia, November 15) — Vancouver, Canada-based Red Hill Energy Inc has released the findings of a scoping study for its Ulaan Ovoo coal project in Mongolia. Behre Dolbear (USA) Ltd. of Denver, CO USA undertook the Scoping Study at the request of Red Hill Energy Ltd and has determined that a sufficient coal resource exists...

(EnergyAsia, November 15) — Singapore-listed Sinwa Limited said its net profit for the year to September 30 surged 12.6% to S$5.2 million over the corresponding period last year. Its revenue for the same period rose 8.2% to S$80.7 million. (US$1=S$1.55).   The company said its revenue was boosted by its increased marine supply and logistics...

(EnergyAsia, November 15) — Uzbekistan will start exporting uranium to Japan from next year while laying out the red carpet for Japanese firms to invest in exploration efforts in the Central Asian country.   Nikolay Kucherskiy, head of the state-run Navoi Mining and Smelting Combine, told visiting Japanese reporters his country would export 300 tonnes...

(EnergyAsia, November 15) — Under pressure to show it cares for the environment, the Australian government said it will provide an A$50 million grant to help the country’s dirtiest power station clean up its act. (US$1=A$1.3). The money will be used to help Latrobe Valley’s Hazelwood coal-fired plant in Victoria reduce its 60 million tonne/year...

(EnergyAsia, November 14) — China’s XinAo Gas has announced that 70%-owned subsidiary Bengbu Gas Development has agreed to sell off its DME business to Xinneng Energy for RMB14,864,864. (US$1=RMB7.8).             XinAo, which is listed in Hong Kong, also said its wholly-owned subsidiary, Xinao China, has agreed to buy over Huaian Asset for RMB27,800,600.   XinAo...

(EnergyAsia, November 14) — Myanmar’s edible oil crop sector will be developed over the next three years with technical assistance from the UN’s Food and Agriculture Organization (FAO) and a loan of US$12.3 million from the OPEC Fund for International Development (OFID). The total budget of the project amounts to US$14 million with the balance...

(EnergyAsia, November 14) — The war in Iraq isn’t the only issue that US policy is about to undergo change following the Democratic Party’s decisive victory in the November 7 mid-term elections. Environmentalists and analysts believe the Democrats, who now control both the House of Representatives and Senate, will boost the role of renewable energy...

(EnergyAsia, November 14) — The shares of Swiber Holdings Limited, an integrated offshore engineering, procurement, construction, installation and commission (EPCIC) contractor with a complementary business in the supply of marine support vessels, made a strong trading debut on the Singapore Exchange last week.   The stock opened at S$0.550, and closed at S$0.505, a premium...

(EnergyAsia, November 14) — Thai upstream company PTTEP has released its third quarter operating results and plans for expansion in the future. Maroot Mrigadat, PTTEP’s president, said its revenue rose 20% to 23,896 million baht in the third quarter from year-ago level. (US$1=37 baht). He attributed the increase to this year’s average sales price of...