(EnergyAsia, June 2 2011, Thursday) — Australia’s Cougar Energy Limited said it has opened an office in Beijing to expand its underground coal gasification (UCG) projects in China and Asia. Kevin Garner, a chartered engineer with over 25 years of industry experience, has been appointed general manager for Asia, with responsibility for technical and operational (more…)
(EnergyAsia, June 2 2011, Thursday) — Loyz Oil Pte Ltd, the oil and gas exploration and production (E&P) arm of Singapore’s Sim Siang Choon Limited, said it is raising S$12 million via a redeemable exchangeable preference share issue to fund its push into the upstream energy sector. (US$1=S$1.25). Under the subscription agreement with Loyz Oil and (more…)
(EnergyAsia, June 1 2011, Wednesday) — PaxOcean Engineering Zhoushan Co Ltd of Singapore has signed a letter of intent to build a 415WC jack-up mobile offshore unit for Texas, US-based Levingston Corporation, with an option for an additional similar vessel for an undisclosed contract value. Levingston said the MOU will be the world’s largest lift-boat (more…)
(EnergyAsia, June 1 2011, Wednesday) — The outlook for the Australian economy remains strong on account of rising exports of its natural resources and high prices for commodities, according to a report by Deloitte Access. Their combined impact will enable Australia offset the devastating impact of natural disasters that hit the country between late 2010...
(EnergyAsia, June 1 2011, Wednesday) — China’s top planning agency, the National Development and Reform Commission (NDRC), has warned that the country’s power crisis could spread and worsen. The agency has been keeping a tab of China’s worsening energy and food situation after being warned about the impact of coal supply shortages and rising prices...
(EnergyAsia, June 1 2011, Wednesday) — The full version of this story is available in the June 2011 edition of EnergyAsia Report. The world’s liquefied natural gas (LNG) and natural gas markets continue to recover faster than expected as surging demand in Asia and Europe help mop up the supply overhang of the previous two (more…)
(EnergyAsia, June 1 2011, Wednesday) — The full version of this story is available in the June 2011 edition of EnergyAsia Report. Last month’s arrest of its managing director on violent sex crime charges was not the only piece of sensational news coming out of the International Monetary Fund (IMF). Lost amid the tabloid headlines...
(EnergyAsia, June 1 2011, Wednesday) — US-based Post Carbon Institute has released a report examining the key assumptions about the role that natural gas can and should play in the energy future of the US. Founded in 2003, the Santa Rosa, California-based study group sees its role as leading society in the transition to a...
(EnergyAsia, June 1 2011, Wednesday) — An Australia business lobbyist said his country should be more cautious and rigorous in exercising due diligence in supporting China’s nuclear energy industry and supplying uranium to the world’s largest emissions polluter. At the recent Paydirt 2011 Uranium Conference in Adelaide, Greg Rudd, managing director of Asian business lobby...