(EnergyAsia, November 17, Monday) — This is an edited version of the minister’s speech delivered at the Carbon Forum Asia 2008 in Singapore. “Climate change is one of the biggest global challenges we face this millennium. The UN Inter-governmental Panel on Climate Change (IPCC) has assessed that global warming is “unequivocal”, and that it will (more…)
(EnergyAsia, November 17, Monday) — Production Services Network (PSN), the international energy services company based in Aberdeen, Scotland, said it has secured a four-year multi-million US dollar contract extension to provide operation and maintenance services for a gas field project in Vietnam. The contract was awarded by operator KNOC of South Korea for development work (more…)
metallurgical coking coal to make coke for China’s steel manufacturer, said its third quarter net income surged more than 94% year-on-year to $6.5 million. Revenue was up 82.7% to $74.1 million. Based in Taiyuan city in Shanxi province, Puda Coal said it sold 603,000 metric tons of cleaned coal, up 22.6% from the third quarter...
on the Isola Corallo, a Rotterdam-bound tanker in Dumai, Indonesia’s main palm oil export port, last week. In taking action, Greenpeace has demanded that the Roundtable on Sustainable Palm Oil (RSPO), which meets in Bali this week, to take urgent action against member companies who destroy forests and peatlands. The RSPO is an association created...
procurement, construction and operations firm, said it has signed a strategic alliance agreement with Petronas Technical Services Sdn Bhd, a subsidiary of Malaysian state-owned oil and gas firm Petronas. The two companies will work together to improve environmental management practices and technology including the implementation of management practices and technology solutions to meet Petronas’s corporate...
energy projects through 2030 to keep up with its growing demand as oil prices more than triple to $200, said the International Energy Agency in its latest forecast. Calling the world’s energy system at a crossroads, the agency starts off with a warning: “Current global trends in energy supply and consumption are patently unsustainable —...
Exporting Countries (OPEC) pumped an average 32.26 million barrels per day (b/d) of crude oil in October, according to a Platts survey of OPEC and oil industry officials. This is a 210,000 b/d decline from the September level of 32.47 million b/d. Excluding Iraq, production from the 12 members hitherto bound by output agreements fell...
Singapore exchange, the company said in clarifying comments made by managing director Lionel Lee in an interview with Bloomberg TV. Mr Lee issued the clarification on behalf of Ezra’s board after he had told Bloomberg that the company was considering buying back stocks and delisting its shares which have slumped from a record high of...
of agricultural, metals, minerals and ores and energy products, has reported record revenues of $29.3 billion and $9.4 billion for the nine months and third quarter periods, respectively, ended September 30, 2008. Revenue growth continues to be well diversified with each of our four business segments reporting revenue increases of between 65% and 110% compared...
increase in profit after tax and minority interest (PATMI) for the third quarter of 2008. This was on the back of a 12% increase in turnover to S$2.5 billion for the same period while profit before tax grew 35% to S$250 million. (US$1=S$1.5). For the first nine months of 2008, revenue grew 19% while profit...
(EnergyAsia, November 14, Friday) — ‘Synthetic Fuels Handbook’ provides a comprehensive guide to the benefits and trade-offs of numerous alternative fuels, presenting expert analyses of the different properties, processes and performance characteristics of each fuel. It discusses the concept systems and technology involved in the production of fuels on both industrial and individual scales. Written (more…)
(EnergyAsia, November 14, Friday) — Argus, the international energy price reporting agency, has launched daily price assessments for Vityaz and Sokol crude oil from Russia’s Sakhalin Island. These price assessments are available in the Argus Crude report which provides daily information on the global crude markets. Argus said it is the first price reporting service (more…)
(EnergyAsia, November 14, Friday) — Asia is fast becoming the driving force behind the rise of the world’s carbon market. To date, 65% or 774 out of a total of 1,186 clean development mechanism (CDM) projects registered with the UN Framework Convention on Climate Change (UNFCCC) originated from the Asia Pacific region. This represents over (more…)
(EnergyAsia, November 14, Friday) — A scientist with Australia’s CSIRO has revived and defended the findings of a controversial 1972 book, “The Limits to Growth”, that forecasts global ecological and economic collapse. New research by CSIRO physicist Dr Graham Turner compares and supports forecasts from the book with global data from the past 30 years....
(EnergyAsia, November 14, Friday) — Singapore-listed Asia Power Corporation Limited, which is principally involved in the ownership, management and operation of renewable energy power plants in China, said its third quarter net loss edged up to S$700,000 from S$600,000 a year ago due to weaker demand for heat and steam. (US$1=S$1.5) For the nine months...
(EnergyAsia, November 14, Friday) — Saudi Aramco and ConocoPhillips said they will halt the bidding process associated with the construction of their planned 400,000 b/d export-oriented oil refinery at the Yanbu Industrial City in Saudi Arabia. Citing uncertainties in the financial and contracting markets, the companies said they have postponed contract bids to be submitted...
(EnergyAsia, November 14, Friday) — Shell Gas & Power International BV (Shell) said it has signed a coal gasification and gas treating licence contract with Korea Western Power Co. Ltd (KOWEPO), a state-owned power utility company in South Korea. The contract is for the sale of licences covering Shell’s coal gasification process (SCGP) technology and...
(EnergyAsia, November 14, Friday) — China’s Yingli Green Energy Holding Company Limited, a world leading vertically integrated photovoltaic (PV) product manufacturer, said it has signed a new long-term agreement to buy polysilicon from Germany’s Wacker Chemie AG. Wacker Chemie will supply Yingli Green Energy with polysilicon from 2010 through the end of 2017. The total...
(EnergyAsia, November 14, Friday) — China Clean Energy Inc said it has resumed biodiesel production at its Fujian province plant in light of a recent drop in raw material prices. The decline is enabling the company to enjoy make “sufficient margins” on biodiesel production. China Clean Energy sai dbiodiesel is now selling for around RMB5,500...
(EnergyAsia, November 14, Friday) — The Asian Development Bank (ADB) said it is providing a new $3 million grant to expand its clean energy programme to involve more developing member countries. ADB will explore energy efficiency market opportunities in Afghanistan, Bangladesh, Cambodia, Laos, Mongolia and Uzbekistan through a broad range of policy and financial support....
manufacturer of high-efficiency monocrystalline solar cells, said it has signed a long-term silicon wafer supply agreement with Sino-American Silicon Products Inc (SAS), a leading supplier of high purity ingots and wafers to the solar energy and semiconductor industries. Sunrise has agreed to buy approximately $150 million dollars of silicon wafers from SAS starting in January...
(EnergyAsia, November 13, Thursday) — More than 300 companies representing some of the world’s leading names in the composites industry displayed their technologies and innovations at Asia Pacific’s first international composites show at the Suntec Exhibition Centre in Singapore from October 22 to October 24. More than 8,000 visitors attended the exhibition while the conference (more…)
contribute a total of $14.7 million to multi-donor trust funds operating under the Asian Development Bank’s (ADB) water and clean energy financing partnership facilities. They join Norway, Australia and Austria as financial contributors to the funds under the facilities. Spain will donate a total of $10 million to both funds while Sweden will contribute $4.7...
and Southeast Asia are expected to double from $1.26 billion in 2007 to $2.51 billion in 2014, said consultant Frost & Sullivan. In a recent study, Frost & Sullivan noted that cities are major power consumers but have made little effort to reduce their greenhouse gas emissions. Instead, the fight to curb greenhouse gas emissions...
condensate discovery in Block B around 50km off the coast of Brunei in a water depth of 62 metres. Total operates the block with a 37.5% interest, in association with Shell Deepwater Borneo Ltd. (35%) and local partners (27.5%). Drilled to a final depth of 5,227 metres, the ML-4 well discovered a new gas-bearing compartment...