group has signed a 15-year agreement with Bumwoo ENG Co Ltd to provide an advanced technology licence for wall-fired subcritical and supercritical pulverised-coal steam generators to be sold in South Korea. The terms of the agreement were not disclosed. The contract value will be included in the company’s third-quarter 2008 bookings and future royalty payments...

pressure to renegotiate the export price of a liquefied natural gas (LNG) deal with China that was agreed in 2002 under the administration of former president Megawati Soekarnoputri. The contract for 2.6 million tonnes per year of LNG over 25 years, to be delivered from the Tangguh project in eastern Indonesia to China’s Fujian terminal,...

natural gas (LNG) by 4.5% to 24 million tonnes in 2009. In value terms, exports could rise 8.5% to RM32.4 billion, or almost US$10 billion, as LNG prices are expected to rise. (US$1=RM3.4). In Asia, spot LNG prices recently hit a record US$20 per million Btu, up five-fold from 2003. However, officials at Malaysia’s state...

projects in Nigeria, Algeria, Australia and the Baltics are threatening to squeeze supplies and drive up prices from already record high levels, analysts said. The delays may reduce LNG supplies by some 100 million tonnes, a level that is well above the annual demand from Japan and South Korea, two of the world’s largest importers...

export taxes on its domestic resources industry, an increasingly important revenue earning sector. The increased revenues would partly go towards planning and implementing new measures to protect the environment. Officials said the government is looking into raising taxes on the production of metals such as manganese, steel, lead, zinc, copper and tin to between 10...

up of its Taichung liquefied natural gas (LNG) import terminal. The three-million-tonne-per-year terminal was originally due to come onstream in January. However, the start-up had to be deferred to July as construction of a vital undersea pipeline to deliver gas from the terminal to a power plant could not be completed due to adverse weather...

its wholly owned subsidiary BUE Marine Limited has been awarded  a 10-year, US$225 million contract by BP Azerbaijan to custom-build and supply three support marine vessels. BUE beat competition from across the globe for the three vessel package, which comprises one Dynamically Positioned Platform Supply Vessel (PSV), one Dynamically Positioned Anchor Handling Tug Supply Vessel...

signed new long-term supply agreements in which GCL will supply 510 MT of high-purity poly-silicon feedstock in 2008 and 2009 and approximately 1.8 GW of wafers to CSI from 2010 to 2015. CSI chairman and CEO Shawn Qu said: “GCL Silicon is among the fastest-growing poly-silicon companies and an emerging leader in polysilicon manufacturing. We...

contract with Fire Energy S.L., a Spanish PV system integrator and PV products distributor. Yingli Green Energy is expected to supply a total of 16 MW of PV modules to Fire Energy from January 2009 to December 2009. “We are pleased to announce the 16 MW sales contract with Fire Energy in Spain which is...

services provider, its subsidiary, Swiber Offshore Construction Pte Ltd, has signed a Memorandum of Understanding (MOU) with a Saudi Arabia’s Rawabi Holding Company Limited to develop business in offshore EPCIC projects and marine activities in the Gulf Cooperation Countries (GCC). The GCC includes Saudi Arabia, Kuwait, Bahrain, Qatar, UAE and Oman. Rawabi Holding has been...

pipeline last week to repair problems at a pumping station in Turkey. The brief stoppage did not affect oil production in Azerbaijan or export flows through the pipeline. BP halted oil flows through the BTC pipeline for 20 days last month during the height of fighting between Russian-backed separatists and the Georgian government.   The...

hurricanes in the oil-producing US Gulf Coast area in recent weeks, the worst since Hurricane Katrina in august 2005.   US crude futures briefly dipped below US$100 a barrel last Friday, the first time since April, even as Hurricane Ike rained destruction on Texas state and the oil-producing offshore areas. Earlier, Hurricane Gustav had passed...

subsidiary of leading oil company PTT, said it has shut its 145,000 b/d Rayong refinery to repair leaks and stanch losses from weak refining margins in Asia. The plant will be idled for almost a month starting August 21 as repairs affect the hydrocracking and diesel hydrotreating units....

provider of integrated services to oil and gas majors and builders of rigs, semi-submersibles and floating production storage and offloading (FPSO) vessels, said it has signed its single-largest contract worth more than S$56 million. (US$1=S$1.43). The contract was awarded by Vietnam’s Vietsovpetro to Technics’ wholly owned subsidiary, Technics Offshore Engineering Pte Ltd (TOEPL). Vietsovpetro is...

project management company, said it has been awarded a five-year programme management consultancy (PMC) contract by Zakum Development Company (ZADCO) in Abu Dhabi in the UAE. The reimbursable contract is estimated to be worth US$75 million over the five years, the largest oil-related PMC contract ever awarded by ZADCO. AMEC said it will provide engineering,...

specialty compounds in the Asia Pacific region with the establishment of a compounding agreement with Resin & Pigment Technologies Pte Ltd (R&P), a subsidiary of Singapore’s EnGro Corporation Limited. R&P will manufacture a broad range of ExxonMobil Chemical’s specialty compounds for use in automotive interior and exterior applications, appliances and consumer products. The R&P facility...

supply multicrystalline solar wafers to Taiwan’s Solartech Energy Corp. LDK Solar will deliver approximately 550 MW of multicrystalline silicon wafers to Solartech over a five-year period starting in 2009 through to 2013. Solartech will make an advanced payment representing a portion of the contract value to LDK Solar. “We are pleased to expand our long-standing...

satellite-based management of fixed and mobile assets, said it recently delivered the first of three LPG and refined fuel tank farm monitoring systems to China’s ENN Group, a leading city gas service provider. The deployment of these systems is a collaborative development with the largest enterprise resources planning (ERP) software and service provider for the...

companies was unchanged at $402 billion in 2007, according to the 2008 Global Upstream Performance Review by oil and gas research firm IHS Herold Inc and upstream corporate advisor Harrison Lovegrove & Co Ltd, a Standard Chartered group company. Record development spending, up 20% from 2006, generated just a 0.3% increase in reserve volumes to...

(EnergyAsia, September 12, Friday) — Australia’s Queensland state is pushing ahead with a major A$1.2 billion wind power project in its South Barnett region. (US$1=A$1.20). Led by Investec Bank and Windlab Systems, investors are now working on feasibility studies. If the studies prove positive, the firms are expected to file a development application to build...

(EnergyAsia, September 12, Friday) — Germany’s Oiltanking Group said it will take a 34% stake in a joint venture with Korea National  Oil Company (29%), Glencore International (15%), SK Energy Co Ltd (11%)  and  GS  Caltex Corporation (11%) to develop a new petroleum terminal in the port city of Yeosu in South Korea. The secured...

(EnergyAsia, September 12, Friday) — Russia’s polysilicon producer Nitol Solar has attracted investments totalling $150 million from China’s Suntech Power and World Bank Group’s IFC. Suntech recently completed the final round of its $100 million purchase of a minority interest while IFC made a $50 million equity investment and also extended $25 million loan to...

(EnergyAsia, September 12, Friday) — Nasdaq-listed A-Power Energy Generation Systems Ltd said that Fuhrlander AG has upgraded its largest wind turbine from 2.5 MW to 2.7 MW. The German firm will also supply to A-Power all the components needed to produce the first 10 units of the 2.7MW units in time to begin production in...

(EnergyAsia, September 12, Friday) — The Asian Development Bank (ADB) is urging its development partners to ensure that the environment is protected in transport and infrastructure projects. The transport sector is the largest by oil use, and by far the fastest growing, emitter of greenhouse gases in the Asia and Pacific region, said ADB Vice...