(EnergyAsia, February 8, Friday) — Nasdaq-listed A-Power Energy Generation Systems Ltd said its wholly owned Chinese operating subsidiary, Liaoning GaoKe Energy Group, has received letters of intent for the purchase of 380 units of its 2.5 MW wind turbine. The order will use up all its projected plant capacity through 2009. The company said it...
(EnergyAsia, February 8, Friday) — Graham Corporation said it has received a $1.8 million order for two surface condensers to be installed in a coal-to-liquid (CTL) facility in China. The condensers will be manufactured in Graham’s Batavia, New York facility with final shipment planned for the first quarter of next year. CTL is an emerging (more…)
(EnergyAsia, February 8, Friday) — Switchgrass, a non-edible common grass found in the US, is an excellent feedstock for biofuels as it yields 540% more energy than is needed to grow, harvest and process into cellulosic ethanol, said researchers at the University of Nebraska-Lincoln in the US. The researchers made the conclusion after a five-year...
(EnergyAsia, February 8, Friday) — Massachusetts, US-based American Superconductor Corporation (AMSC), a leading energy technology company, said it has received more than $3 million in orders for its wind turbine core electrical components and systems from two customers: China’s CSR Zhuzhou Electric Locomotive Research Institute (CSR-ZELRI) and Canada’s AAER, Inc. AMSC’s electrical systems include the...
(EnergyAsia, February 4, Monday) — World Fiscal Systems for Oil & Gas, a 5-day training course on petroleum upstream fiscal systems, will be held at the Hilton Hotel in Singapore from February 25 to 29. This five-day computer-based interactive training course aims to train participants on vital aspects of fiscal systems pertaining to concessions, production (more…)
(EnergyAsia, February 8, Friday) — Nasdaq-listed Spire Corporation, a solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic products such as modules, cells, and wafers worldwide, said it has selected Singapore-based UST Technology Pte Ltd as its representative for solar turnkey solutions and capital equipment in Southeast Asia. UST will represent Spire...
(EnergyAsia, February 8, Friday) — NYSE-listed FMC Technologies Inc said it has been awarded a contract by Sabah Shell Petroleum Company Limited for the supply of deepwater subsea systems for the Gumusut-Kakap project in Malaysia. The project in Blocks J & K is located off the coast of Sabah state in water depths of 1,250...
(EnergyAsia, February 8, Friday) — Pacific Hydro’s planning application for the Crowlands Wind Farm in Australia’s Victoria state are the subject of six days of hearings before an expert panel starting February 5 in Beaufort. The panel is gathering feedback from a range of interested parties including members of the local community and town council...
(EnergyAsia, February 8, Friday) — UK-based Infield has predicted that companies will invest a total of US$106 billion on the world subsea market over the next five years, including drilling and completion, subsea equipment and SURF pipelines and control lines. This forecast spend represents a 65% increase on the previous five years to 2007.In its (more…)
(EnergyAsia, February 8, Friday) — Whoever becomes the next US President after George W. Bush in 2009 is unlikely to ratify the Kyoto Protocol to fight global warming.The new government would have more important priorities such as stopping the US economy sliding further into recession, Andy Karsner, a senior official at the US Department of...
(EnergyAsia, February 5, Tuesday) — Standard and Poor’s, CRISIL and KLD Research & Analytics, the social and environmental research firm, said they will launch the S&P ESG India Index, the first investable index of companies whose business strategies and performance demonstrate a high level of commitment to meeting environmental, social and governance (ESG) standards. The (more…)
(EnergyAsia, February 5, Tuesday) — A two-day conference and exhibition, being held at Peterborough UK on February 27 and 28 will examine details and issues related to the safe operation of process plant and the protection of plant personnel. There are hazardous areas throughout industry where special attention must be paid to the operation of (more…)
help the Pacific Islands focus on environmental management to deal with the challenges posed by climate change. In its midterm review covering the 2005-2009 period, the ADB said it highlighted key initiatives to deal with the challenges of climate change including the possibility that some islands in the Pacific may become uninhabitable. The review also covered...
Chinese operating subsidiary, Liaoning GaoKe Energy Group, has landed an agreement with Denmark’s Norwin A/S giving it the exclusive right to produce and sell Norwin’s 750 kW and 225 kW wind turbines in China. The two companies will form a joint venture company in Shenyang city that is 80% owned by GaoKe. The JV will...
largest wind turbine manufacturer, said its revenue for the October-December quarter rose 66% to Rs31.7 billion, with 54% of that derived from overseas sales. (US$1=Rs40). Profit after tax stood at 1.43 billion while earnings per share came in at Rs1.05. The company did not provide comparative figures for the same period last year. Suzlon Energy...
contract to purchase the first cargo of 6.5 million litres of ethyl tertiary butyl ether (ETBE) from Brazilian petrochemical company Compania Petroquimica do Sul (COPESUL). The product will be supplied to Japan Biofuels Supply LLP (JBSL), a cooperative business organisation of the Japanese oil companies. In line with the Japanese government programme to reduce carbon...
off large part of its Gulf of Mexico shelf oil and gas assets to subsidiaries of the Korea National Oil Corporation (KNOC) and Samsung Corporation. The buyers are KNOC USA Corp and Samsung Oil & Gas USA Corp. The transaction includes five producing fields located in the outer continental shelf of the Gulf of Mexico...
memorandum of understanding to acquire 100% of China’s Daqing Deta Electric Co Ltd (Deta) for $85.3 million. Hanwei Energy will pay 50 % of the acquisition price in cash and the remaining 50% in its common shares valued at $5.30 per share. The payments will be made in stages based on annual wind power equipment...
in and fully own the country’s hydroelectric power projects. Bhutan currently has a 70% limit on foreign ownership of hydroelectric projects, but it is prepared to change that to jumpstart its economy and attract much needed investments into the country. Bhutan is hoping to attract investors to help launch up to ten hydropower projects. India has...
renewable energy projects and finance projects on health, poverty and climate change issues around the world. Philanthropic arm Google.org will fund small and medium-sized business in developing countries to help alleviate poverty. It will also support projects for research focused on developing geothermal, solar thermal power, wind power and other alternative energy technology, and research...
(EnergyAsia, February 4, Monday) — Following successful test results for product performance and stability, NYSE-listed Evergreen Energy Inc said it and Japan’s Sumitomo Corporation have agreed with an unnamed Indonesian mining group to proceed with development of engineering specifications, economic evaluation, marketability analysis and further coal tests for a 1.5 million ton per year K-Fuel® (more…)
(EnergyAsia, February 4, Monday) — The 13th Annual Asia Upstream 2008 will be held at the Orchard Hotel in Singapore from February 28 to 29. Focusing on oil, LNG, and exploration and production activities in Asia, the conference will review upstream ventures, acreage opportunities, corporate strategies of the majors and independents, national oil companies and (more…)
(EnergyAsia, February 4, Monday) — World oil prices are expected to remain well supported on supply constraints and strong demand despite the threat of an economic recession in the US. Benchmark WTI crude futures have been trading around US$90 a barrel in recent months, hitting a record high of more than $100 a barrel on...
(EnergyAsia, February 4, Monday) — AEI, a company that owns and operates essential energy infrastructure businesses in emerging markets, said it has fully acquired Tongda Energy Pte Ltd, an operator of city gas companies in China, from a group of Chinese private investors. AEI also has acquired a 70% stake in a second city gas...
(EnergyAsia, February 4, Monday) — Engineering giant Foster Wheeler Ltd said a subsidiary of its Global Power Group has been awarded a contract by Harbin Power Engineering Company Ltd (HPE) for the design of two CFB steam generators for the second phase of the Cam Pha Power Plant Project in Cam Pha in Vietnam. Foster...