(EnergyAsia, June 10, Tuesday) — Proserv Far East Pte said it has signed a strategic agreement with Malaysian firm Tanjung Offshore Services Sdn Bhd as part of its expansion in the highly active Malaysian oil and gas market. Proserv said it is positioning its abandonment and decommissioning unit to undertake work in removing mature and (more…)
(EnergyAsia, June 10, Tuesday) — Thai truck drivers have started idling many of their vehicles as they can no longer afford to buy increasingly costly diesel fuel. Merchandise trade in the area will be negatively affected if the strike is prolonged. About 500 members of Thailand’s Northeastern Transport Operators Association have already idled some...
(EnergyAsia, June 10, Tuesday) — GE Energy said it has signed contracts worth more than US$500 million to supply gas turbines and generators for power plant projects owned by Saudi Electricity Company (SEC). In the first agreement, GE Energy has received a contract to supply gas turbine-generators for the 960-megawatt expansion of the Rabigh...
(EnergyAsia, June 10, Tuesday) — A research group has predicted that energy storage will become a $41 billion industry, making it the “next” big investment focus. From the mobile phones carried by 3.3 billion people to the half a million hybrid electric vehicles sold last year, the world runs on energy storage technologies –...
(EnergyAsia, June 10, Tuesday) — Lloyd’s Register CEO Richard Sadler said the shipping industry may be unprepared to cope with the world’s growing demand for biofuels, especially if second and third generation biofuels are successfully developed. In a recent address to shipowners, regulators, economists, engineers and the public, he said that the increase in...
(EnergyAsia, June 10, Tuesday) — In response to rising oil prices, Sri Lankan apparel exporter MAS Holdings said it will soon begin using renewable energy for its fabric and textile production. Its first deal, MAS signed a five-year agreement to purchase between 2.5 and four million units of electricity from Nilwalabase Hydro Power Limited...
(EnergyAsia, June 10, Tuesday) — Singapore’s Novomatrix has acquired Film Technologies Inc (FTI), a major US solar film company, for an undisclosed sum. Valued at around US$27 million in 2004, FTI is a leader in the US solar control and safety window film industry. Novomatrix, a producer of automotive window film, made the acquisition...
(EnergyAsia, June 10, Tuesday) — Singapore witnessed the launch of Japan’s first Shariah — Islamic-compliant — index on May 26. The event organised by Daiwa Asset Management together with FTSE took place at the Fullerton Hotel in Singapore. They introduced the ‘Daiwa FTSE Shariah Japan 100’ index which included listed Japanese oil, gas, chemical...
(EnergyAsia, June 10, Tuesday) — China Solar & Clean Energy Inc, a manufacturer and distributor of solar water heaters, renewable energy solutions, and space heating devices in China, said its net income surged 41.5% to US$400,000 for the first quarter of 2008. Sales for the quarter to March 31 rose 177.1% to $8.3 million,...
(EnergyAsia, June 10, Tuesday) — Australian oil and gas company Santos said it has signed up with project partners to explore for coal seam gas in the Gunnedah Basin. The company has begun briefing local councils, parliamentarians and business and community groups about the planned exploration programme. Stephen Kelemen, Santos’ manager for coal seam...
(EnergyAsia, June 9, Monday) — The Green Grid, a global consortium dedicated to advancing energy efficiency in data centers and business computing ecosystems, said it has formed two new Japan Work Groups as well as a formal relationship with The Green IT Promotion Council. In response to industry and government demand, The Green Grid said (more…)
(EnergyAsia, June 9, Monday) — Flowserve Corporation, a leading global provider of fluid motion and control products and services, said it will supply main steam isolation valves for the first two Westinghouse Electric Company AP1000T nuclear power plant projects in China as part of a multi-million dollar (USD) contract. The Flowserve valve is the first (more…)
(EnergyAsia, June 9, Monday) — Thailand’s largest private power producer, Ratchaburi Electricity Generating Holding Plc, said it plans to divest its 15% stake in Siam Ethanol Co, which it deems as a non-core business. Ratchaburi, Taiwan’s Ve Wong Corporation (49%) and two local ethanol makers jointly set up Siam Ethanol five years ago. Siam Ethanol...
(EnergyAsia, June 9, Monday) — EPURON GmbH said its South Korean subsidiary has completed its first photovoltaic project with an output of 2 megawatts. EPURON Korea was commissioned by Samchully Co Ltd, a leading Korean liquefied natural gas supplier, to finance and develop the 10-million-euro plant. (US$1=0.64 euro). Parent company Conergy said it was contracted...
(EnergyAsia, June 9, Monday) — Despite the threat of inflation, Indonesia is well-positioned to weather a global slowdown given its reliance on commodity exports, which are expected to remain strong, and diversified export markets. Making this observation, the International Monetary Fund (IMF) in Indonesia said the economy grew by 6.3%, the fastest in a decade,...
(EnergyAsia, June 9, Monday) — China’s Yingli Green Energy Holding Company Limited, a world leading vertically integrated photovoltaic (PV) product manufacturer, said it has signed a polysilicon supply contract with Sailing New Energy Resources Co Ltd. Sailing, a polysilicon supplier located in Chongqing, China, will supply polysilicon to Yingli from the fourth quarter of 2008...
(EnergyAsia, June 9, Monday) — Environmental lobby group Greenpeace has told European Environment Ministers who met in Luxemburg last week to protect the environment and ignore the car lobby. As the ministers discussed measures to limit greenhouse gas emissions for cars, five Greenpeace activists dropped banners from a crane next to the venue accusing the...
(EnergyAsia, June 9, Monday) — Australian upstream company Santos said it has been advised by operator Apache Energy Ltd that an incident has occurred that has affected the export gas pipelines from Varanus Island The incident has resulted in a total cessation of production, including from the John Brookes field, in which Santos has a...
(EnergyAsia, June 9, Monday) — Queensland Gas Company (QGC) said a new underground pipeline will be built to link its Surat Basin reserves from Australia’s Queensland to Newcastle in New South Wales state, creating a major hub for gas transportation. QGC managing director Richard Cottee said the 820-km pipeline would transport its coal seam gas...
(EnergyAsia, June 9, Monday) — Japan’s Mitsui & Co Ltd said its subsidiary, Mitsui & Co (Australia) Ltd, has acquired 100% of the shares of Bald Hills Wind Farm Pty Ltd, a special purpose company holding the development rights for a new wind farm project in Victoria state in Australia. The project will involve the...
(EnergyAsia, June 6, Friday) — ‘Carbon Finance Asia 2008’, an event by Terrapinn, will be held at the Grand Hyatt from October 7 to 10. Under the Kyoto Protocol and other policies to combat climate change, projects that reduce emissions of greenhouse gases also generate a valuable new commodity. The sale of emission reduction units (more…)
(EnergyAsia, June 6, Friday) — ‘2008 China Nuclear Energy Congress’ will be held at the Kempinski Hotel in Beijing, China from June 10 to 13. The event capitalises on the success of the previous installments of ‘China Power & Alternative Energy Summit’ which attracted over 1,000 participants. Jointly hosted by the China Decision Makers Consultancy (more…)
(EnergyAsia, June 6, Friday) — Cavico Corp said wholly own subsidiary Cavico Power and Resources has successfully completed a major tunnel at the Nam Chien 2 Hydropower Project in Vietnam. The breakthrough was completed two months ahead of schedule. It has revised the contract’s value to $2.4 million for the 1.3-km long and 4.8-m diameter...
(EnergyAsia, June 6, Friday) — Singapore’s Keppel Offshore & Marine Ltd (Keppel O&M) said that through Keppel FELS Limited (Keppel FELS), it has secured a US$385 million repeat order to build a semisubmersible drilling rig for Brazilian drilling contractor group Queiroz Galvão Óleo e Gás (QGOG). This price excludes the drilling and subsea equipment which...
(EnergyAsia, June 6, Friday) — Renewable energy company Asia Power has reported a first-quarter net profit of S$5.5 million, up 11% from the year-earlier quarter. The Singapore-listed company said revenues edged up 3% to $41 million on continued strength in its hydropower business in China. (US$1 = S$1.36). Asia Power is focussed on renewable energy...