(EnergyAsia, October 6, Tuesday) — The US, home to modern capitalism and birthplace of the world’s modern oil industry, is seriously considering clamping down on energy speculation. Backed by populist sentiments amid rising commodity prices, the Commodity Futures Trading Commission (CFTC) is working with more than a dozen overseas regulators to define and reduce commodities...

(EnergyAsia, October 6, Tuesday) — China’s National Energy Administration (NEA) said it is planning to develop six 10-gigawatt (GW) wind power projects in Inner Mongolio, Gansu, Xinjiang, Hebei and Jiangsu. The projects are in line with the country’s target to generate 3% of electricity from non-hydro renewable energy sources. China’s installed wind power capacity reached...

(EnergyAsia, October 5, Monday) — The Asian Development Bank (ADB) is helping to promote energy-efficient lighting in the Philippines with a programme to rid the country of energy-guzzling incandescent bulbs by next year. As a start, 2,000 poor households in Tondo district in Manila city have received free energy-saving compact fluorescent lamps (CFLs) in exchange...

(EnergyAsia, October 5, Monday) — The chief economist of the International Energy Agency (IEA) has said global oil production will reach its peak in 2020, earlier than the forecasts of some top government energy agencies. In an interview with the UK’s Independent newspaper, Fatih Birol, also cited statistics indicating that the world’s 800 biggest oil...

(EnergyAsia, October 5, Monday) — France’s Technip and Norway’s StatoilHydro took part in last month’s inauguration of a 2.3MW demonstration wind turbine off the town of Karmoy in Norway. Located 10 km offshore, Technip said the Hywind turbine is the world’s first full-scale floating wind turbine. Following the award of the turnkey contract for the...

(EnergyAsia, October 5, Monday) — China’s leading offshore oil producer, CNOOC Ltd, is in talks to acquire a stake in a new oil find in Uganda led by UK’s Tullow Oil that may hold up to 600 million barrels. Tullow, a leading independent European oil producer, has said it is interested to sell off part...

(EnergyAsia, October 5, Monday) — China’s third largest oil and gas producer, CNOOC, has been warned by armed rebels under the Movement for the Emancipation of the Niger Delta (MEND) to stay out of Nigeria’s oil-rich area. The Nigerian government has begun talks with CNOOC which is interested to buy out the country’s stakes in...

(EnergyAsia, October 5, Monday) — Australia’s largest solar power station officially began operation at the Adelaide Showground in South Australia state last month. The one-megawatt system was installed over six separate buildings and is expected to power around 40% of the showground’s power needs. Installation of the solar panels and associated systems was managed by...

(EnergyAsia, October 5, Monday) — Australians will benefit from the supply of cheaper electricity if geothermal projects in the northern part of South Australia state were linked to the National Electricity Market (NEM), said a report by leading energy economics firm, McLennan Magasanik Associates (MMA). The report said a transmission line investment would yield A$860...

(EnergyAsia, October 5, Monday) — Sociedade Nacional de Combustíveis de Angola (Sonangol) and BP Exploration (Angola) Limited said they have discovered oil in ultra-deepwater Block 31 off the coast of Angola. BP said this is its 19th discovery in Block 31. The latest find is located in the block’s southern portion some 350 km northwest...

(EnergyAsia, October 2, Friday) — India’s Maharishi Solar Technology said it has signed a strategic alliance with the Industrial (IST) Division of Colorado, US-based Abengoa Solar Inc (ASI). Abengoa Solar will support Maharishi Solar Technology through technology transfers, training of their staff for design installation and operation of various industrial ventures. This will be accomplished...

(EnergyAsia, October 2, Friday) — Just three weeks after production officially began, Oerlikon Solar’s China’s Tianwei SolarFilms has signed one of Thailand’s largest thin film silicon PV deals with Thailand Green Energy Co Ltd, with an agreement to supply 70MW of thin film solar panels to rapidly emerging markets across Southeast Asia. “We are already...

(EnergyAsia, October 2, Friday) — Keppel Singmarine, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M) said it is on track to deliver an ice-class floating storage and offloading vessel (FSO) to repeat customer, Lukoil-Nizhnevolzhskneft of Russia. The vessel was recently christened YURI KORCHAGIN at Keppel Singmarine’s sister yard, Caspian Shipyard Company (CSC) in...

(EnergyAsia, October 2, Friday) — Emerson Process Management Asia Pacific, a unit of US engineering solutions firm Emerson, said it has established a sales, engineering, and service office in Ho Chi Minh City in Vietnam. The new office at the Alpha Tower at 151 Nguyen Dinh Chieu Street in District 3 will serve its growing...

(EnergyAsia, October 2, Friday) — The fourth edition of CARBON FORUM ASIA, jointly organised by Koelnmesse Pte Ltd and the International Emissions Trading Association (IETA), will be held at the Raffles City Convention Centre in Singapore from October 26 and 27. The event is expected to attract more than 1,200 representatives from more than 80...

(EnergyAsia, October 2, Friday) — China’s coal imports are likely to remain strong this year after surging more than 126% in the first half of this year in response to relatively high domestic coal prices. According to data from the Customs Department, the country’s import reached 48.3 million tonnes of coal in the first half...

(EnergyAsia, October 2, Friday) — Trade markets will begin to recover next year and drive demand for African commodities, according to the 2009 African Economic Outlook report. Jointly produced by the Organisation for Economic Co-operation and Development (OECD) and the African Development Bank, the project is predicting Africa’s economic growth to reach 4.5% in 2010....