(EnergyAsia, May 6, Wednesday) — Saudi Arabia, the world’s leading oil exporter, said it is producing 7.79 million b/d, well below its OPEC target of 8.1 million b/d. Oil Minister Ali al-Naimi, who revealed this to reporters in Tokyo last month, did not say if the decline was intentional as oil exporters have been forced...
(EnergyAsia, May 6, Wednesday) — Hanwei Energy Services Corp said it has signed a letter of intent (LOI) with two Chinese organisations to provide wind power turbines and blades for a 400 MW wind farm located 100 km from Baotou in China’s Inner Mongolia Autonomous Region. Hanwei said it will cooperate with the Baotou Development...
(EnergyAsia, May 6, Wednesday) — DNV has declared Zadco’s Bravo in Abu Dhabi as the first oil loading terminal to be classed in the Middle East. The Norwegian classification society firm which provides risk management services has handed over the full-term classification certificate to Zadco. Bravo is a single point mooring oil loading terminal, which...
(EnergyAsia, May 5, Tuesday) — Global Pacific and Partners will be holding its ‘2nd Europe Upstream’ conference in Amsterdam, Netherlands from May 10 to 12. The conference will focus on exploration developments, investments in oil and gas projects, energy laws and finance, contracts and acreage licensing issues. The event will feature a special roundtable discussion (more…)
(EnergyAsia, May 5, Tuesday) — Vestas, the world’s leading wind energy company, said it has unveiled a new turbine specially designed for the Chinese market. As the first market-specific turbine developed by Vestas, the company said the V60-850 kW represents the next generation of proven and reliable KW technology for optimised production and performance and (more…)
(EnergyAsia, May 5, Tuesday) — Iran is proposing the construction of a natural gas pipeline project that would allow European nations to lessen their dependence on Russian supply. Routed through Iraq, Syria and the Mediterranean Sea into Greece and Italy, the pipeline would supply Iranian gas to Europe. Iran aims to triple its natural gas...
(EnergyAsia, May 5, Tuesday) — China’s Trina Solar said it recently completed a 4.7MW photovoltaic facility developed by ErgyCapital. Trina Solar was the sole supplier of PV modules to ErgyCapital used on the rooftop installation, which was carried out in the town of Serravalle Scrivia in the Piedmont region of Italy. Trina said the project...
(EnergyAsia, May 5, Tuesday) — Indonesia has finalised its domestic pricing formula for bioethanol and palm-based biodiesel which will combine Argus’ biofuel benchmark prices and export-based prices issued by the trade ministry. The new price formula is effective May 1, said energy media group Argus. The Indonesian government agreed to set a pricing formula for (more…)
(EnergyAsia, May 5, Tuesday) — The Maldives government has launched an ambitious programme to boost power generation from solar panels and wind turbines. The renewable energy projects are aimed at replacing oil, with the objective of making the country “carbon-neutral” by 2019. President Mohamed Nasheed said he wants the Maldives to become the world’s first...
(EnergyAsia, May 5, Tuesday) — Hong Kong-listed China WindPower Group (CWG) Limited said it recently signed separate joint venture agreements with Liaoning Energy and the CLP Group to establish windfarm projects in China. CWG’s wholly-owned subsidiary, Century Concord WP, signed two separate joint venture agreements with Liaoning Energy to establish wind farm projects in Zhangwu...
(EnergyAsia, May 5, Tuesday) — The Council of Australian Governments (COAG) has taken a major step forward to promote a low pollution future for the country. It has endorsed the design of the expanded Renewable Energy Target, has agreed to the introduction of new 6-star standards for houses and strengthened energy efficiency standards for commercial...
(EnergyAsia, May 4, Monday) — ‘LPG Trading and Pricing – Shipping, Contracts and Price Risk Management’, a course offered by the Oxford Princeton Programme, will be held in Singapore from June 17 to 19.Presented in association with international energy consulting company Richardson Lawrie Associates, the course aims to provide an understanding of the international LPG (more…)
(EnergyAsia, May 4, Monday) — Philippine energy firm Trans-Asia Oil and Energy Development Corp said it is looking to develop a total of 37 wind power projects.The proposed projects are located in Guimaras province, Cagayan province, Panay Island and the Bicol region.A recent feasibility study for a project in Guimaras province showed a wind power...
(EnergyAsia, May 4, Monday) — Philippine National Oil Co. (PNOC), the country’s state energy major, plans to set up an energy services company.The new subsidiary will plan and develop PNOC’s own projects, but it will also cooperate with other companies when it is more feasible.Its services include conducting feasibility studies and audits, designing energy-efficiency options...
(EnergyAsia, May 4, Monday) — Philippine renewable fuels firm San Carlos Bioenergy Inc (SCBI) has delivered its first fuel ethanol cargo to oil refiner Petron.Petron will use the 1.6 million-litre cargo to make E10 blended gasoline, which has a 10% ethanol component.The delivery helps fulfil part of a 2006 agreement binding Petron to lift all...
(EnergyAsia, May 4, Monday) — Myanmar is planning a new hydropower project to supply electricity to the capital city of Nay Pyi Taw from next year.The project at Nancho, about 26 km outside the new capital of Nay Pyi Taw, will include two 20-megawatt turbines capable of generating 152 million kilowatt-hours per year.Myanmar’s six hydropower...
(EnergyAsia, May 4, Monday) — Russia’s relations with the rest of the world are starkly coloured black or white these days, with no gray or neutral permitted. In the current peculiar Jekyll-Hyde phase of its history, Russia appears at odds, even engaging in the occasional indirect bout of conflict with the West, while its ties...
(EnergyAsia, May 4, Monday) — Japan’s Chiyoda and France’s Technip last month joined Qatari officials in celebrating the inauguration of the Qatargas 2 project in the Ras Laffan industrial city. Trains 4 and 5 are the world’s largest liquefied natural gas (LNG) trains, each with a capacity of 7.8 million-tons per year.Qatar’s Amir Sheikh Hamad...
(EnergyAsia, May 4, Monday) — The International Energy Agency (IEA) has again lowered its forecast for world oil demand this year by another one million b/d to 83.4 million b/d.With the world economy in freefall, the Paris-based energy watchdog for consuming countries said its latest forecast is based on a further downward assessment for weaker...
(EnergyAsia, May 4, Monday) — American Superconductor Corp (AMSC), a Nasdaq-listed energy technologies company, said it has received an order from South Korea’s LS Cable Ltd for 80 km of 344 its proprietary brand of second generation (2G) high temperature superconductor (HTS) wire.LS Cable will utilise the wire to manufacture a 22.9 kilovolt (kV) cable...