(EnergyAsia, September 3, Monday) — BP Australia and Manildra Energy Australia said they have signed one of the country’s largest biofuels supply agreements. The deal will result in nearly half of BP’s fuel sales in New South Wales state containing renewable ethanol. BP will receive from Manildra’s Bomaderry ethanol plant, near Nowra, 40 million litres...
(EnergyAsia, September 3, Monday) — Singapore Petroleum Company Limited (SPC) recently raised its shareholding in Australian Securities Exchange-listed Cue Energy Resources Limited to approximately 8.45% from 6.75%. From August 6 to 17, SPC said it acquired 10,660,436 Cue Energy shares for investment purposes in the ordinary course of trading on the ASX at an average...
(EnergyAsia, September 3, Monday) — The Chinese government is demanding energy savings from the construction and transportation sectors, as well as state-owned buildings. As part of its drive to improve energy efficiency, China aims to reduce energy consumption per unit of gross domestic product (GDP) by 20% by 2010, or by 4% a year. This...
(EnergyAsia, September 3, Monday) — Trina Solar said its net revenues rose 77% to $75.3 million from year-ago level. The company shipped 20.33 MW, up from 10.52 MW in the first quarter of 2007 and 7.07 MW in the second quarter last year. Sales to customers in Europe accounted for almost all of Trina Solar’s...
(EnergyAsia, September 3, Monday) — The Indian government has prepared a draft paper to boost and facilitate private investments in the country’s hydro-electric power sector. India now has 33,000MW of hydro-electric generating capacity. The Power Ministry has launched a web-based system, Hydropowernet, to provide online monitoring of hydro power projects, and information and data sharing...
(EnergyAsia, September 3, Monday) — Oil prices are likely to test new highs this year despite the threat of a US economic recession brought on by the collapse of its real estate market. WTI crude futures closed at a record US$78.21 a barrel on July 31, and touched a new high of $78.77 the following...
(EnergyAsia, September 3, Monday) — Solarfun Power, a China-based manufacturer of photovoltaic cells and modules, said its second quarter net revenue increased 358.2% to RMB 462.8 million from the same quarter last year. (US$1=RMB7.55). The NYSE-listed company shipped a total of 16.4MW of PV module shipments in the quarter ended June 30, compared with 6.5...
(EnergyAsia, September 3, Monday) — Investment banker Antonio M. Cailao has been named as President of state Philippine National Oil Company (PNOC), succeeding Eduardo V. Mañalac. Mr Cailao was last director and chairman of subsidiary PNOC-Energy Development Corporation. Joe Angelo has been appointed deputy managing director of INTERTANKO, the association of tanker owners. Mr Angelo...
(EnergyAsia, September 3) — Singapore is planning to establish an energy research centre hub by 2009, with a possible site on the Jurong Island oil and petrochemicals hub. “Sinergy Centre” would research and develop infrastructure solutions to energy issues in the region and the world. A possible research subject will be creating a “microgrid infrastructure”...
(EnergyAsia, September 3, Monday) — Honeywell said it has been awarded the contract to automate production at Korea Hydro and Nuclear Power Plant Co’s (KHNP) hydro power plant in Chuncheon. The $2.1 million agreement with contractor Halla E&E calls for Honeywell to supply its ExperionÒ Process Knowledge System (PKS) R300 software to more efficiently manage...