(EnergyAsia, April 16) — China’s central government will have to play a more active policymaking and coordination role to facilitate the viable development of the nation’s bioethanol and biofuels industry, said the Institute of Energy Economics Japan (IEEJ). Citing recommendations by the powerful planning agency, the National Development and Reform Commission (NDRC), the IEEJ...
(EnergyAsia, April 16) — The US Supreme Court has ticked off the Bush administration for not regulating greenhouse gas emissions that contribute to global warming and climate change. In a landmark ruling, The High Court voted 5-4 that the Environmental Protection Agency (EPA) had violated the Clean Air Act by declining to impose regulations...
(EnergyAsia, April 16) — Singapore’s Ezra Holdings Limited said it is paying S$16.5 million, or 33.1 cents a share, for a 21.83% stake in Singapore-listed Nylect Technology Limited, a 25-year old mechanical & engineering group which recently diversified into the offshore marine logistics and support services sector through subsidiary Northern Offshore Pte Ltd. (US$1=S$1.5). The...
(EnergyAsia, April 16) — Citing high investment costs and the added burden for end-users, the Pakistani government has rejected the World Bank’s call for building up its strategic oil stockpile. The World Bank had raised the idea that Karachi impose new taxes on oil sales in order to raise the capital outlay of Rs14...
(EnergyAsia, April 16) — The UK, the current rotating president in the UN Security Council, has put climate change on the body’s agenda and debate for the first time. The British have circulated a concept paper, which warns that climate change could spark new conflicts, change borders, disrupt energy supplies and force mass migration....
(EnergyAsia, April 16) — Indian Oil Corporation (IOC) has launched its Rs3 billion Mundra-Panipat pipeline for delivering imported crude oil to its Panipat oil refinery in Haryana state. The pipeline was recently launced by IOC chairman Sarthak Behuria at a ceremony attended by Gautam Adani, chairman of Gujarat Adani Port Ltd, and A.M. Uplenchwar, pipelines...
(EnergyAsia, April 16) — Denmark’s Vestas said it has received two orders each consisting of 25 units of V80-2.0 MW wind turbines for a 100 MW wind power project in China. The orders have been placed by Datang Chifeng Saihanba Wind Power Co Ltd, a state-owned utility and developer and among the “big five” in...
(EnergyAsia, April 16) — Development, environmental, non-government and religious groups will convene for a major summit in Washington DC, US on April 16 to address the devastating impacts that developing countries will face from climate change. In the wake of the recent Intergovernmental Panel on Climate Change (IPCC) report that highlighted the serious harm that global...
(EnergyAsia, April 16) — The provinces of Guangdong, Gansu and Hainan are competing to play a key role in the next phase of China’s strategic oil stockpiling programme to hold as much as 28 million tons of crude and products. China is due to complete phase one of its stockpiling project next year. It...
(EnergyAsia, April 16) — China’s Datang International Power Generation Co Ltd said its 2006 net profit for rose 18.16% to RMB2,778 million while consolidated operating revenue was up more than 38% to Rmb24,835 million. (US$1=RMB7.73). Basic earnings per share climbed RMB0.08 to RMB0.54. The board has recommended paying shareholders a dividend of Rmb0.234 per share....
(EnergyAsia, April 13) — Australia’s Origin Energy Limited said it will invest A$53 million to expand coal seam gas (CSG) production from the Spring Gully field by 20 terajoules per day. (US$1=A$1.2). It will also build a reverse osmosis water treatment plant at the site to help treat the water produced as part of the...
(EnergyAsia, April 13) — Solar energy use has been growing rapidly in the rural areas outside Ho Chi Minh City for more than a decade. According to local officials, several hundred households in the Binh Chanh, Cu Chi and Can Gio districts have been tapping electricity from solar networks since the early 1990s. The...
(EnergyAsia, April 13) — The diversion of grain for ethanol production in the US is driving up food prices worldwide, said the Earth Policy Institute. In a recent study, the institute noted that corn prices have doubled over the last year, while wheat futures are trading at their highest level in 10 years. The study...
(EnergyAsia, April 13)— “Refinery Operations 2007” in Singapore will focus on optimising refinery operations. Asia’s refinery leaders will share operational experiences and explore trends and future opportunities. The conference, organised by IBC Asia (S) Pte Ltd, will take place at the Grand Copthorne Waterfront Hotel, Singapore from April 25 to 27. Speakers will cover vital...
(EnergyAsia, April 13) — Ezra Holdings Limited, a Singapore-based support and marine services provider for the offshore oil and gas industry, has reported a 35% fall in first-half profit to S$23.1 million from reduced vessel sales. (US$1=S$1.5). But excluding these one-off gains, Ezra’s profit rose sharply from S$8.3 million to S$20.8 million for the half-year...
(EnergyAsia, April 13) — China and Russia have committed to stepping up political and economic ties, with energy receiving special mention. In a joint statement issued following President Hu Jintao’s recent visit to Moscow, the two countries said they would boost common work in the oil, gas and power sectors. However, their cooperation...
(EnergyAsia, April 13) — Nasdaq-listed Canadian Solar Inc said it has won a contract to supply a building integrated photovoltaic (BIPV) solar glass roof system to China’s Luoyang Polysilicon Company. The three-story building, located in Luoyang of Henan province, will house the Research Department of Luoyang Polysilicon and the China National Silicon Materials Engineering Research...
(EnergyAsia, April 13) — Foster Wheeler Ltd said its subsidiary Foster Wheeler USA Corp, has been awarded a contract by China’s CNOOC Oil & Petrochemicals Co Ltd (COPC) for the thermal design, engineering, procurement, and material supply of two delayed coker heaters. The heaters will be installed in a new four-drum delayed coking unit, which...
(EnergyAsia, April 13) — China Petroleum & Chemical Corporation (Sinopec Corp) said its 2006 net profit surged more than 28% to RMB50.66 billion on revenue of RMB1.045 trillion (up 30.72%). Profit attributable to shareholders was RMB53.91 billion, an increase of 30.05% over the previous year. (US$1=RMB7.73). Sinopec’s board has proposed a dividend of...
(EnergyAsia, April 13) — Punj Lloyd Limited (PLL), an India-based EPC services provider, said it has secured the prestigious Uran Trombay gas pipeline project on an EPC basis from state upstream company ONGC. The Rs2.42 billion contract has been bagged in consortium with its wholly owned subsidiary PT Punj Lloyd Indonesia. (US$1=Rs43). The scope of...
(EnergyAsia, April 12) — Indonesia’s state PT Perusahaan Listrik Negara (PLN) is seeking private investors to help build a 250MW hydropower plant in South Kalimantan in a bid to reduce its dependence on fuel oil as a power source. The project could cost as much as US$250 million, but PLN is confident it will...
(EnergyAsia, April 12) — Nasdaq-listed American Superconductor Corp (AMSC), a leading energy technologies company, said it has received its third multi-million-dollar wind energy system development contract from a Chinese company in recent months. AMSC said its wholly-owned Windtecª subsidiary will develop a portfolio of 2.5MW wind energy systems for Dongfang Steam Turbine Works Corporation (DTC)....
(EnergyAsia, April 12) — The Dubai Mercantile Exchange Limited (DME), a joint venture between Dubai Holding’s Tatweer, and the New York Mercantile Exchange Inc (NYMEX), said its membership committee has given in-principle approval to 28 applicants to be members, with more being processed as the exchange prepares for launch on May 1. Seventeen of them...
(EnergyAsia, April 12) — Indonesia’s PT Apexindo Pratama Duta Tbk said it booked a record net profit of Rp380.8 billion last year, reversing a net loss of Rp43.1 billion in 2005, thanks to increased efficiency and net margin. Its 2006 Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) surged by 29.7% to Rp596.3 billion...
(EnergyAsia, April 12) — Excel Marco Industrial Systems, a premier automation solutions provider for the offshore oil and gas industry, said it has appointed John C. G. O’Leary as non-executive chairman. “We are extremely impressed with Mr O’Leary’s extensive network, knowledge and professional experience in the oil and gas industries of the US, Europe and...