(EnergyAsia, October 19, Monday) — NYSE-listed coal company Peabody Energy said it has opened an office in Singapore to serve its activities in Southeast Asia and expand its access to high-growth seaborne coal markets. Peabody said its Singapore office will be headed by Phillip V. Smith, who has been named managing director of Asian Trading,...
(EnergyAsia, October 19, Monday) — Philippines’ Department of Energy (DOE) secretary Angelo T. Reyes said ExxonMobil Exploration and Production Philippines BV, a unit of the US major, has begun exploring for oil and gas in the South Sulu Sea. The company is the operator of ‘Service Contract 56’ (SC-56) alongside partners Mitra Energy Limited and...
(EnergyAsia, October 19, Monday) — Qatar’s has exported its first liquefied natural gas (LNG) cargo to China, according to Chinese news reports. The 217,000-cubic metre A1 Ghariya vessel delivered the LNG to the CNOOC-operated Dapeng import terminal in Guangdong last week. Qatargas has a contract to supply two million tons of LNG a year to...
(EnergyAsia, October 19, Monday) — Vietnam may not achieve its goal of exporting three million tonnes of coal this year after it reported selling only 13.5 million tonnes for the year to July. Reflecting the weakened economic environment for most of 2009, its coal export volume to the main markets of China, Japan, Thailand, India,...
(EnergyAsia, October 19, Monday) — Developing Asia should broaden the scope and structure of its openness to reduce its vulnerability to external shocks, said the Asian Development Bank (ADB). In its recent Asian Development Outlook (ADO) 2009 report, the ADB said the 1997-98 financial crisis and the current global economic crisis exposed the region to...
(EnergyAsia, October 16, Friday) — Eden Energy Ltd said it has signed an agreement for Origin Energy Ltd, a major Australian energy utility, to farm-in to its Cooper Basin Geothermal Licence No. 185 in South Australia state. The agreement is conditional upon approval by the South Australian government. Origin will pay Eden A$1 million cash...
(EnergyAsia, October 16, Friday) — China Oilfield Technology Services, a Singapore Exchange-listed provider of integrated tertiary oil recovery equipment and technology to enhance oil extraction, said it has received shareholders’ approval to invest RMB457.2 million to produce submersible linear motor pump units. (US$1=RMB6.8). The company said shareholders attending an extraordinary general meeting unanimously voted for...
(EnergyAsia, October 16, Friday) — Indonesian state-owned port operator PT Pelindo II plans to have a new oil and gas terminal built at Jakarta’s Tanjung Priok port by 2012. Executives of Pelindo and state oil firm Pertamina are expected to meet this month to finalise the deal. An executive of Pelindo, which runs the strategic...
(EnergyAsia, October 16, Friday) — Singapore Exchange-listed upstream company Ramba Energy Limited said it and its partners, PT Hexindo Gemilang Jaya and Super Power Enterprises Group Limited, have enlisted the help of state-owned PetroChina to find oil and gas in its Lemang exploration block in Indonesia. The block is located in the Jambi and Riau...
(EnergyAsia, October 16, Friday) — Australian upstream company Santos said its Oyong Phase 2-operated field located off Madura Island in Indonesia’s East Java has begun producing natural gas. The company, which holds a 45% stake through Santos (Sampang) Pty Ltd, started oil production in September 2007 and has produced over four million barrels to date....
(EnergyAsia, October 16, Friday) — Singapore Exchange-listed China Auto Corporation Ltd (CAC) said it is effectively raising its stake in fuel technology company Neftech Pte Lte to 23.9% from 4.9% by issuing 475 million ordinary shares of CAC at 9 Singapore cents a share to Neftech shareholder.(US$1=S$1.39). The automotive moulds and moulded parts-maker has also...
(EnergyAsia, October 16, Friday) — Finland’s Wärtsilä said it has won a 57-million euro contract to supply Lihir Gold Limited, a leading global gold company, a barge-mounted power plant to serve a mining operation in Papua New Guinea. (US$1=0.67 euro). Wärtsilä, a leading supplier of flexible power plants for the decentralised power generation market, said...
(EnergyAsia, October 16, Friday) — Chemoil, a Singapore Exchange-listed marine fuel supplier, said it has hired Teng Chee Keong for its trading team, focusing on the company’s Middle East and Asian operations. Mr Teng, who will be based in Singapore, will strengthen Chemoil’s position in Fujairah and Singapore – two of the world’s top three...
(EnergyAsia, October 15, Thursday) — Meeting the world’s growing energy needs while managing the risks of climate change will require the development of all viable sources of energy and policies that support business investment and technology development, said Rex Tillerson, chairman and CEO of Exxon Mobil Corporation. “Our best hope is to harness the power...
(EnergyAsia, October 15, Thursday) — Norway’s Wallenius Wilhelmsen Logistics (WWL) recently observed World Maritime Day as it maintained its role as sole sponsor of the World Wildlife Fund’s (WWF) High Seas Conservation Programme for the fifth consecutive year. The logistics specialist’s financial and organisational assistance enables the WWF to champion reductions in greenhouse gas emissions,...
(EnergyAsia, October 15, Thursday) — US-based biomass producer Vega Promotional Systems Inc said it has signed up Japanese consulting firm, Tokyo Consulting Ltd to assist its Company in expanding its business into Asia. Vega, which is planning to build green energy manufacturing facilities throughout the world, said Tokyo Consulting will assist by identifying potential production...
(EnergyAsia, October 15, Thursday) — Chinese firm Century Peak Energy plans to build two hydropower plants in Igbaras town in Iloilo province in the Philippines’ central Visayas region. Igbaras Mayor Jaime Esmeralda said the company’s officials are applying for security permits and government approvals to build a six-megawatt hydropower plant at Igbulo River and another...
(EnergyAsia, October 15, Thursday) — The Australian government is finalising guidelines for the selection of a project manager for a planned A$100 million smart grid in partnership with the energy sector. (US$1=A$1.1). Recently, details on the proposed guidelines and criteria were released, as well as a report “Smart Grid, Smart City: A new direction for...
(EnergyAsia, October 15, Thursday) — China’s Trina Solar said it has secured a new sales order for 73MW of solar modules from Kerself SpA, and extended a long-term supply agreement with a subsidiary of China’s GCL-Poly Energy Holdings Limited by five years. Kerself SpA is an Italian photovoltaic solar plant engineering, development, production, installation and...
(EnergyAsia, October 15, Thursday) — Tianwei New Energy Holdings, a Chinese manufacturer of silicon wafers, photovoltaic cells, modules and systems, said it has signed an agreement to acquire a majority stake in Hawaii, US-based Hoku Scientific. Tianwei and China Construction Bank will also help finance the construction and development of Hoku’s polysilicon production facility in...
(EnergyAsia, October 15, Thursday) — NYSE-listed AES Corp said it has started commercial operations of a new 49.5 MW wind farm in Hebei province in China. The Huanghua I plant came on-line last month, with Huanghua II due to follow on in the first half of 2010. The Hebei Provincial Power Company will purchase all...
(EnergyAsia, October 14, Wesnesday) — Hong Kong-based CLP Group, one of the largest investor-owned power businesses in Asia, said it will be developing a 99 MW wind farm, in Theni in the southern Indian state of Tamil Nadu. With its sixth Indian wind farm, CLP said its portfolio of wind energy investments will grow to...
(EnergyAsia, October 14, Wednesday) — A long-delayed proposal to build a A$120 million wind farm on the fringe of Adelaide has been revived, thanks to the Australian government’s new renewable energy target. (US$1=A$1.10). The New Zealand-based TrustPower said it has conducted work on the Myponga-Sellicks Hill wind farm in preparation for better market conditions in...
(EnergyAsia, October 14, Wednesday) — American Superconductor Corporation (AMSC), a Nasdaq-listed energy technology company, said it has signed a contract to supply China’s Sinovel Wind Corporation Limited core electrical components worth more than $100 million to be utilised in Sinovel’s three megawatt (MW) wind turbines, known as the SL3000. AMSC said it expects to begin...
(EnergyAsia, October 14, Wednesday) — Suntech Power said it has completed and connected to the national grid the first 10 MW utility-scale solar power project in China. Located in Shizuishan in the Ningxia Autonomous Region, the 10MW ground mount solar system is the first phase of a 50MW solar plant that is targeted for completion...