potential economic and political security consequences — are driving public policy and private investment to bring clean energy technologies from the fringes of the global energy industry to the center of activities as quickly as possible, said US consultant Cambridge Energy Research Associates (CERA). The result of this rising public and private momentum is an...
nuclear energy stocks recently became available through most data vendors. S&P Custom Indexes serves as calculation agent for the indexes. WNAI is a comprehensive global benchmark for tracking the influence of nuclear energy on companies active in the sector. Former US Ambassador John Ritch, who is director general of the World Nuclear Association and member...
update of renewable and indigenous power projects in Mindanao province. The list includes the Sibulan hydro-electric plant in Mindanao to be completed in 2009, the Mindanao geothermal project a year later, and the 42.5MW Hedcor Sibulan hydro-electric project in Sibulan, Santa Cruz Municipality in Davao del Sur. P5 billion Sibulan project will generate power using...
agreement between developed and developing countries that would ensure the sustainable development of the fuel under fair trade conditions. John Mathews, Professor of Strategic Management at the Macquarie University agriculture, argued in a recent research paper that developing countries can produce biofuels in a very sustainable manner if producers follow agreed standards of good practice...
(LNG) to meet last month’s severe energy shortfalls caused by extreme cold and harsh weather that shut down coal supplies and several coal-fired power plants in its eastern and southern provinces. Its presence will boost the spot market, which recently chalked up new record prices of $20 per million British thermal units this winter as...
deliveries to power plants for last month’s massive blackouts affecting much of Java island and the resort city of Bali. The system overloaded and collapsed following a surge in the electricity deficit to about 1,000 megawatts (MW). Coal supplies for many power plants had to be halted as ports were paralysed by big waves that...
(EnergyAsia, March 5, Wednesday) — Taiwan has always been a major place for thin-film technology and the semiconductor industry. Big players in the Taiwanese industry are now using this experience to explore and start new thin-film silicon solar production initiatives.The share of thin-film in the global supply of solar cells and modules is likely to (more…)
(EnergyAsia, March 5, Wednesday) — ‘Deepwater Development Asia 2008’ will be held in Kuala Lumpur, Malaysia from March 24 to 26.As wells in Asia continue to deplete, more companies are beginning to realise the potential of deepwater fields. Deepwater development is now a strategically important element for most global offshore operators as most easily accessible (more…)
(EnergyAsia, March 5, Wednesday) — Singapore-listed Swiber Holdings Limited, a service provider to the offshore oil and gas industry, said its fiscal 2007 earnings have risen 309.4% to US$49.7 million from year-ago levels. Due to strong demand for its offshore oil and gas services in the region, revenues more than doubled from US$66.8 million to...
(EnergyAsia, March 5, Wednesday) — A US$2 billion liquefied natural gas (LNG) project planned for the Persian Gulf region is being deferred by at least one year due to rising construction costs.The developers, LNG Impel and state Dubai Multi Commodities Centre (DMCC), were to have started construction this year with the first phase operational by...
(EnergyAsia, March 5, Wednesday) — CST 180 high sulphur fuel oil broke through the US$500 per tonne level in Singapore on Monday as world oil prices continue to set new trading highs. Fuel oil is used mostly for power generation and shipping.On Monday, US WTI crude futures rose as high as US$103.95 a barrel in...
(EnergyAsia, March 5, Wednesday) — The World Bank’s IFC said it is helping to create stock market indices that allow investors to assess the environmental, social, and governance performance of companies based in emerging markets.In Brazil and India, these indices provide a valuable tool for sustainable investment, as well as an important incentive for companies...
(EnergyAsia, March 5, Wednesday) — Japan, South Korea and Taiwan are paying record high prices for liquefied natural gas (LNG) supplies, attracting cargoes from producers as far away as Trinidad and Tobago and Nigeria.Qatar will soon be tempted to divert more of their deliveries to markets in the Far East, away from traditional buyers in...
(EnergyAsia, March 5, Wednesday) — Qatar and China signed a memorandum on promoting bilateral energy cooperation on March 2.The agreement was signed in Doha, Qatar by Zhang Xiaoqiang, vice chief of the State Development and Reform Commission of China, and Qatari Deputy Prime Minister and Minister of Energy, Industry, Electricity and Water Abdullah Bin Hamad...
(EnergyAsia, March 5, Wednesday) — Hoku Materials has agreed to supply polysilicon to Japan’s SANYO Electric Co Ltd for 10 years, up from seven years under the previous contract.Sanyo will pay Hoku Materials up to $530 million under the amended 10-year contract, up from approximately $371 million for the seven-year contract.Hoku Materials and SANYO also...
(EnergyAsia, March 5, Wednesday) — Australia’s AGL Energy Limited (AGL) has released half-yearly financial results consistent with its revised full year earnings guidance of underlying net profit after tax (NPAT) of A$330 million to A$360 million. (US$1=A$1.05).NPAT for the half-year was A$182.8 million compared with A$195.6 million for the previous corresponding period. The decrease was...
wafer supply contracts with four suppliers, including China’s Jiangsu Shunda Group Corporation. Starting January 2008, these suppliers will deliver approximately 12 MW of wafers to CSI before the summer of 2008, including 4MW from Shunda. In addition, CSI said it has signed a multi-year supply contract with Shunda, which gives CSI the option of two...
signed an agreement with The Benham Companies LLC to support commercialisation of CCTI’s coal cleaning plants in China. Benham is a wholly-owned subsidiary of Science Applications International Corporation (SAIC). SAIC has supported Clean Coal Technologies and its predecessor companies since 1996 in the advancement of CCTI’s proprietary technology to pre-process coal for removal of up...
million tonnes of liquefied natural gas (LNG) from Qatar by 2011, with an option to raise volumes to two million tonnes. The Thai company is expected to start up a $700 million LNG terminal at Map Tha Put in Rayong province that year. It is also talking to other LNG suppliers. Qatar, the world’s largest...
than tripled its 2007 net profit to a record S$12.2 million on revenue of S$87.3 million. (US$1=S$1.4). This was achieved on the back of strong contributions from the petrochemical and chemicals markets, and improvement in sales in key markets, including China, Middle East, Asia, Europe and US. Advanced said its earnings per share (EPS) soared...
(EnergyAsia, March 4, Tuesday) — More than two dozen Australian experts from the renewable energy industry met in Melbourne last week to debate the issues for clean energy investment in emerging Asian and Pacific economies in advance of this week’s WIREC global summit on clean energy in Washington, DC . Asia was one of three (more…)
(EnergyAsia, March 4, Tuesday) — Four events – Metering Asia Pacific, Billing and CRM/CIS Asia-Pacific, Transmission & Distribution Asia and Energy Efficiency/ ESCO Asia – will be held during ‘Asian Energy Week 2008’ at the Shangri-la Hotel in Kuala Lumpur, Malaysia from May 26 to 29. The event will provide a platform for industry players (more…)
(EnergyAsia, March 4, Tuesday) — Riding on record oil prices and strong growth in exploration and production, Asia’s leading oil and gas exhibition and conference, OSEA2008, which will be held at the Suntec exhibition hall in Singapore from December 2 to 5, is expected to attract over 14,000 industry players. Organised by Singapore Exhibition Services, (more…)
2007 declined 3% to A$200 million compared with the prior corresponding period. (US$1=A$1.05). Gross profit was A$335 million, up 44% over the prior half year, while gross statutory earnings per share rose 32% to A$0.383. The gross profit contains significant items including profit from the sale of businesses and assets, changes in the fair value...
energy company TRUenergy have signed a A$290 million agreement to build what they claim will be the world’s largest and most efficient solar photovoltaic power station in northern Victoria state. (US$1=A$1.05). TRUenergy said it has provided A$40 million to Solar Systems in return for a 20% ownership interest in the project, which kick offs construction...