(EnergyAsia, May 6, Tuesday) — Financial services giant American International Group Inc (AIG) said it has completed funding for projects in China and the US that will reduce or sequester greenhouse gas (GHG) emissions. Total funding of the projects is approximately $4 million. AIG said that the projects will generate more than 620,000 metric tons...

(EnergyAsia, May 6, Tuesday) — US-listed Cavico Corp said it has received approval from the Vietnamese government and Laos’ Ministry of Energy and Mines to invest $120 million in the Nam Kong Two hydropower plant. Cavico will construct the 80 megawatt plant, located in Attapeu province, south of Laos and 48 km from Vietnam’s border....

(EnergyAsia, May 6, Tuesday) — China National Offshore Oil Corporation (CNOOC) is seeking to buy liquefied natural gas (LNG) from Iran. CNOOC President Fu Chengyu said the company plans to help Iran develop its North Pars natural gas field which would be the source of the LNG supplies. CNOOC recently signed an agreement with Qatar...

(EnergyAsia, May 6, Tuesday) — The Asian Development Bank (ADB) has agreed to lend $450 million to Coastal Gujarat Power Limited (CGPL), a wholly owned subsidiary of the Tata Power Company Limited which is the largest private power utility in India. CGPL will build, own and operate the 4,000MW Mundra ultra mega power project in...

(EnergyAsia, May 6, Tuesday) — Australian upstream company Santos said it has informed the Queensland state government that it will not seek to reopen the Moonie-to- Brisbane oil pipeline (MBP), which has been closed since last July. The pipeline was closed following a leak which occurred in the Brisbane suburb of Algester. The Queensland Department...

term silicon wafer supply agreement with China’s Jiangsu Zhongneng Polysilicon Technology Development Co Ltd, a subsidiary of GCL Silicon Technology Holdings Ltd. GCL Silicon Technology will supply a total of 6,000 MW of silicon wafers to JA Solar from April 2008 to December 2015 at predetermined prices. “We are pleased to forge this strategic relationship...

production output and revenue guidance for 2008. It said production for 2008 is now expected to be in the range of 310 megawatts (MW) to 320 MW, up from the previously issued guidance of 300 MW. Net revenues are expected to be in the range of US$530 million to US$550 million, as compared to the...

supply its capturing and filtering system to India’s Suzlon Energy Limited. Nederman said the deliveries will be worth a total of 13 million krona. (US$1=6.07 krona). Suzlon chose Nederman as a supplier against stiff competition from both domestic and international companies due to the extensive experience Nederman has from supplying similar system solutions to other...

conferred a significant contract extension of its rig 4 from Chevron Geothermal Salak Ltd for work on a geothermal onshore drilling project in Gunung Salak in West Java. The two-year contract extension to March 2010 is valued at US$32.6 million. Apexindo said Rig 4 has been a great fit to Chevron’s requirement and has been...

worsening fuel and power supply shortages. Drivers now regularly line up at fuel stations while others simply leave their vehicles and motor cycles on the streets as oil companies run out of gasoline and diesel. Last month, retailers were able to offer only a high-octane gasoline called Pertamax at Rp 8,300 per litre, almost double...

Papua region could yet trigger unrest and instability, human rights groups have said. The groups have written to BP CEO Tony Hayward to voice their concerns over the involvement of the Indonesian military in the project, and its adverse environmental impacts. They said Tangguh could undermine the wider political aspirations of the Papuan people. Indonesia...

agreement with the Esso Australia Resources Pty Ltd and BHP Billiton Gippsland Basin joint venture to purchase up to 250 petajoules (PJ) of natural gas over 10 years. (238 billion cubic feet or 6.75 billion cubic metres). The Esso Australia-BHP Billiton contract is expected to start late 2009, providing a smooth transition from the current...

gas production fell six percent from year-ago levels due largely to the shutdown of the floating production and storage platform at the Mutineer-Exeter offshore field for electrical repairs.   The field produced just 13.7 million barrels of oil equivalent (mmboe) compared with 14.5 mmobe in the same quarter last year and 14 mmboe in the...

Qingdao Land of State Power Environment Engineering Co Ltd (QGLD), a wind energy and environmental protection company. ACF is an initiative of Aureos Capital, a leading private equity fund management company specialising in investing in small to mid-cap businesses in emerging markets. QGLD specialises in the production of wind energy turbines and in equipment needed...

 (EnergyAsia, May 2, Friday) — Cavico Corp said its wholly owned subsidiary Cavico Transportation has signed a $9.43 million contract to construct a tunnel at the Huoi Quang Hydropower Plant in Vietnam. The 520MW is expected to be one of the four largest hydropower plants in Vietnam. The other three include the Son La, Hoa...

(EnergyAsia, May 2, Friday) — A gas leak at a pipeline network in Myanmar has disrupted, causing power blackouts and compressed natural gas (CNG) shortages in western Thailand. The pipeline network delivers gas from Myanmar’s offshore Yetagun and Yadana fields to Thailand. The supply interruption has affected the operation of compressed natural gas (CNG) for...

(EnergyAsia, May 2, Friday) — Indonesia’s state oil and gas firm Pertamina failed to reach its oil and gas production targets last year. For 2008, it has set a target to produce 65.7 million barrels of crude oil in 2008, up some 26% from last year’s output. Last year, its output rose 9.5% from 2006,...

(EnergyAsia, May 2, Friday) — Tropicana Liquid Storage Private Limited has started up an oil storage terminal in Karwar port in India’s Karnataka state. The company has also begun work on another terminal in nearby Kochi (Cochin) port in Kerala state. The Kochi company owns a 12,000-cubic metre oil storage terminal at Karwar, located about...

(EnergyAsia, May 2, Friday) — China’s Trina Solar said it has decided to discontinue the development of its previously announced 10,000 MT polysilicon production facility having a total estimated cost of $1 billion. The company also announced that its related equipment supply contract with GT Solar Incorporated, which was subject to final approval by the...

(EnergyAsia, May 2, Friday) — Finland’s engineering firm Wärtsilä said it has secured an order for an engine-driven combined heat and power (CHP) plant that will run on the liquid biofuel extracted from the seeds of the jatropha plant. The plant will be the first power plant in the world ever to produce both electricity...

(EnergyAsia, May 2, Friday) — The Azerbaijan International Operating Company (AIOC), operated by BP, has announced the start-up of oil production from the Deep Water Gunashli (DWG) platform complex as scheduled. The start-up completes the third phase of development of the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijan sector of the Caspian Sea. ACG’s shareholders include...

(EnergyAsia, May 2, Friday) — Shares in Origin Energy Ltd, Australia’s second-largest power retailer, surged nearly 40% on Wednesday after UL’s BG Group offered to acquire it for A$13 billion. (US$1=A$1.07). The rise reflected the premium BG is prepared to pay over Origin’s share price before news of the proposed takeover was announced. BG has...

(EnergyAsia, May 2, Friday) — Australian natural resources giant BHP Billiton said it has secured a “significant long term” agreement with another Australian company, Origin Energy, to supply gas to the southeastern part of the country. Under the agreement, 250 petajoules (PJs) of natural gas will be supplied over 10 years from the Gippsland Basin...