(EnergyAsia, January 4 2011, Tuesday) — The race for deepwater oil is intensifying as countries are coming to grasp with the world’s declining capacity to meet surging demand which reached a record 87.4 million b/d in 2010 and is expected to rise further. With few new major finds, oil fields depleting at a rate of...
(EnergyAsia, January 4 2011, Tuesday) — Record flooding and heavy rainfall have largely shut down coal exports from Australia’s main producing state of Queensland, causing prices to rise on the world markets. The floods have already inflicted billions of dollars in damages on Queensland’s US$40-billion-a-year mining operations and its extensive railway system that are the...
(EnergyAsia, January 3 2010, Monday) — Conergy AG, a leading German solar company supplying photovoltaic systems and components, last month began construction of a 2.37MW solar power park for Indorama Ventures in Lop Buri, 155 km north of Bangkok city in Thailand. The 44,500-sq m facility is expected to produce 3,500 MWh per year to...
(EnergyAsia, January 3 2011, Monday) — The Malaysian government has announced new tax incentives and waiver of export duty on equipment to boost private investment in its upstream oil and gas sector. As part of a long-term plan to become a high-income nation, Malaysia is also allowing private companies to explore and produce oil from...
(EnergyAsia, January 3 2011, Monday) — A University of Oxford study has found that smart meters alone will not be enough to help reduce energy use in homes. Metering infrastructure will be useless unless it is accompanied by public education about energy use, the study said. Smart meters record energy or water consumption and send...
(EnergyAsia, January 3 2011, Monday) — Chinese power equipment makers are looking to expand abroad as domestic demand will likely be curbed by government measures to reduce greenhouse gas emissions and pollution in China. Shanghai Electric Group Co, the country’s biggest power equipment maker, recently secured a US$10 billion contract to supply coal-fired generators to...
(EnergyAsia, January 3 2011, Monday) — By using the more efficient vertical drilling technique, US companies incur less cost producing coal seam gas or coalbed methane (CBM) than their counterparts in China who favour the horizontal drilling method. As China’s coal beds are less permeable, producers use more expensive alternative drilling techniques for gas to...
(EnergyAsia, January 3 2011, Monday) — Shaw Stockbroking has set a target for Australia’s Altura Mining share to rise more than 60% to A$0.25 per share over the next 12 months. (US$1=A$0.98). The broker’s forecast factors in Altura’s near-term iron ore and coal production interests along with current exploration programs for lithium and uranium. Shaw...