(EnergyAsia, March 2) — China’s power major Huaneng Group is investing RMB2.8 billion in a planned wind farm in Liaoning province (US$1 = RMB7.75). Most of that money will be spent on buying and installing domestically made wind power equipment. Huaneng said it has set aside RMB290 billion on wind power projects by 2020....
(EnergyAsia, March 2) — The Chinese government said it is targeting large, inefficient and ageing power generation facilities in its drive to cut energy use and emissions. Beijing has announced it wants to reduce energy intensity per unit of GDP by 20% by 2010. Local power major Datang has felt the sting, with the...
(EnergyAsia, March 2) — SUEZ Energy International said it and consortium partners Mubadala Development Company, the Abu Dhabi state-owned investment and development vehicle, and National Trading Company, have completed the limited-recourse financing of SMN Barka Power Company (SAOC) which owns the green-field Barka 2 independent water and power project. The financing also covered SAOC’s January...
(EnergyAsia, March 2) — Malaysian state oil and gas company Petronas has signed two gas sales agreements with Murphy Oil of the US and Petronas subsidiary Carigali Sdn Bhd for the supply of gas from the fields in Blocks SK309 and SK311, and from the Kikeh field, off the coast of Sarawak and Sabah. ...
(EnergyAsia, March 2) — Solar Semiconductor, with offices in Sunnyvale, California, USA and Hyderabad, India, has signed a contract with Italy’s P-Energy for the purchase of a state-of-the-art module manufacturing line. The new module assembly line will have an annual capacity of approximately 50MW. Solar Semiconductor also has an option to double the capacity with...
(EnergyAsia, March 2) — The Dubai Mercantile Exchange Limited (DME), a joint venture between Tatweer, a member of Dubai Holding, and the New York Mercantile Exchange Inc (NYMEX), said the Middle East’s first energy futures exchange will launch officially on May 1. The initial three contracts to be traded on the DME will be...
(EnergyAsia, March 2) — Chinese module manufacturer, ET Solar, said it has signed an agreement to sell 20MW of photovoltaic modules to Spanish project developer, OPDE. The agreement leaves ODPE as the sole agent of ET Solar in Spain. ET Solar’s vice president, Haifeng She, said: “I am very pleased to announce this contract...
(EnergyAsia, March 2) — Singapore-listed Chemoil Energy Limited, a leading integrated supplier of marine fuel products globally, has announced record revenue and earnings for the year ended December 31 2006. After-tax profits surged 16.8% to a record high of US$57.8 million last year, while earnings per share rose by 16% to 5.22 US cents....
(EnergyAsia, March 2) — Chemical Specialties (Singapore) Pte Ltd, CSL, said it will be setting up a ‘first-of-its-kind’ specialty chemical contract manufacturing facility in Singapore and probably in the Asia-Pacific region. The facility will be located on Jurong Island. CSL aims to provide high quality and cost effective manufacturing services with guaranteed intellectual property...
(EnergyAsia, March 1) — Sheikh Tamim Bin Hamad Al-Thani, heir apparent to the Emir of Qatar, last week laid the foundation stone for the Pearl gas-to-liquids (GTL) project, a world-scale integrated project that will make Qatar the GTL capital of the world. Pearl GTL is the world’s largest integrated GTL project. The Pearl GTL...
(EnergyAsia, March 1) — India and Australia have agreed to enhance cooperation in the hydrocarbon sector following last week’s meeting between Petroleum and Natural Gas Minister Murli Deora and the visiting Premier of energy-rich Western Australia state, Alan Carpenter. They discussed the need and opportunities for criss-border investment by companies from India and Australia...
(EnergyAsia, March 1) — The Asia Pacific Economic Cooperation (APEC) group has issued a Request for Proposals (RFP) for a study to help develop the solar thermal market in its member economies. The RFP calls for a consultancy to undertake the following: – Identify the main barriers to trade and market development of...
(EnergyAsia, March 1) — US engineering giant McDermott International Inc said a subsidiary has won a $125 million contract in Indonesia for the fabrication, offshore hook-up and commissioning of the North Belut central processing platform (CPP) topsides and a connecting bridge from the CPP to the wellhead platform. The platform is a complex integrated...
(EnergyAsia, March 1) — Australia’s North West Shelf Venture companies and Japan’s Kyushu Electric Power Company Inc have signed a heads of agreement for the ongoing supply of liquefied natural gas from Australia’s largest resources project. All eight of the North West Shelf Venture’s original Japanese LNG customers have now renewed their long-term LNG...
(EnergyAsia, March 1) — Singapore Petroleum Company Limited said that it and Australian joint venture partners, Tap Oil Limited and Jubilant Energy Ltd, have been awarded a new exploration permit for block T06-3 in the Bass Basin. SPC has a 35% participating interest in the 2,890 sq km block located off southeast Australia about 200...
(EnergyAsia, March 1) — In its latest study titled ‘Unconventional Hydrocarbons Ð The hidden opportunity’, consultant Wood Mackenzie said it has uncovered 3.6 trillion barrels of oil equivalent in unconventional hydrocarbon resources around the world. These include heavy oil, tight gas, coal bed methane and shale oil. The study outlines the resource potential and...
(EnergyAsia, March 1) — Thai upstream company PTTEP said its 2006 sales volume came to 169,348 barrels of oil equivalent per day (BOED) in 2006, lower than the target of 179,000 BOED set earlier in the year. It attributed the decline to a drop in sales at its Nang Nuan project arising from “technical issues”,...
(EnergyAsia, March 1) — Singapore’s Advanced Holdings Ltd, a designer and provider of process equipment, said it made a net profit of $3.5 million last year, down from S$6.9 million the previous year. (US$1=S$1.53). The company said the decline in net profit was due to a decline in the number of high-value projects secured...
(EnergyAsia, March 1) — Australia’s upstream company Origin Energy Limited has given an updates of operations in Australia, New Zealand and Kenya. The company has been offered a new exploration permit in the Australian Bass Basin gazetted area T06-4 located immediately south and west of its existing permit T/18P in which the Trefoil and...