(EnergyAsia, July 6 2011, Wednesday) — Singapore’s SembCorp Industries said it has begun construction of its S$40 million integrated wastewater treatment plant on the Jurong Island oil-petrochemical downstream. (US$1=S$1.25). Expected to start up in the second half of 2012, the plant will have the capacity to treat 9,600 cubic metres per day of industrial wastewater, (more…)
(EnergyAsia, July 5 2011, Tuesday) — Dubai Electricity and Water Authority (DEWA) said it has selected McKinsey & Company, engineering specialist Black & Veatch, and law firm Allen & Overy as consultants to produce a technical and economic study for its proposed clean coal-fired power plant. Due for completion in September, the study will be...
(EnergyAsia, July 5 2011, Tuesday) — Mechel OAO, an NYSE-listed Russian mining and metals group, said it sharply boosted net income and revenue for the first quarter of 2011 over the same period last year. Its Q1 income surged more than 3.74 times to US$309.1 million while its revenue climbed 54.4% to US$2.93 billion. Mining...
(EnergyAsia, July 5 2011, Tuesday) — Vietnam could face further energy supply shortages as coal miners and power companies are struggling to complete projects in the face of financing difficulties and rising interest rates at around 20%. Banks are unable or unwilling to provide loans to the country’s domestic coal and electricity companies, said the...
(EnergyAsia, July 5 2011, Tuesday) — Australia’s Cougar Energy Limited has issued the following statement with regard to the Queensland state’s on-going investigation to alleged environmental violations at its Kingaroy underground coal gasification site since last July 15. The ASX-listed company said it has “co-operated at all times” with the state government’s Department of Environment (more…)
(EnergyAsia, July 4 2011, Monday) — Malaysia’s largest offshore oil and gas services provider, Bumi Armada Berhad, is aiming to raise around RM1.9 billion from through an initial public offering (IPO) of 30% of its enlarged share capital of 2.25 billion shares to retail and institutional investors. (US$1=RM3). The IPO will comprise the offering of (more…)
(EnergyAsia, July 4 2011, Monday) — Iran has achieved an “early success” in implementing its ambitious subsidy reform programme and reducing the inflation rate while continuing to grow the economy after last year’s 3.5% expansion, said the International Monetary Fund (IMF). “Real GDP growth recovered to an estimated 3.5% in 2009/10 despite the drop in...
(EnergyAsia, July 4 2011, Monday) — Rising energy demand out of Asia could put the US back to being the world’s leading coal exporter this year, analysts say. As more US coal producers establish operations in Asia and increase their marketing efforts, US coal exports could breach the 100-million-ton mark this year, up sharply from...
(EnergyAsia, July 4 2011, Monday) — Singapore is building two extensive high-voltage underground cable tunnels by 2017, effecting the next stage of its underground power transmission project. These include a 16.5-km east-west tunnel to connect power stations in the west to consumers in the east by 2016, and a 18.5km north-south tunnel by 2017, each...
(EnergyAsia, July 1 2011, Friday) — Chinese state-owned Guangdong Rising Assets Management (GRAM) has offered to acquire Australian coking coal mine operator Caledon Resources for £313 million in a friendly deal. (US$1=£0.622). The ASX and UK-listed Caledon company has recommended that shareholders accept the all-cash bid from GRAM’s subsidiary, Guangdong Rising (Australia) Pty Ltd, or...
(EnergyAsia, July 1 2011, Friday) — The Chinese government has moved to address the grievances of ethnic residents of its largest coal producing province as life slowly returns to normal after violent riots tore through areas near Xilinhot city for weeks. Chinese authorities had placed parts of the northern region of Inner Mongolia under tight...
(EnergyAsia, July 1 2011, Friday) — Coal India Ltd expects to soon conclude a long-term contract to import coal of at least 10 years to help meet the country’s rising energy, said chairman N.C. Jha. He said, Coal India which is in talks with 14 potential suppliers, is targeting to produce 452 million tonnes in...
(EnergyAsia, July 1 2011, Friday) — Coal India has raised its investment budget by 40% to 35 billion rupees, mostly to expand its coal washing capacity. (US$1=45 rupees). Under its original plan, the company had planned to establish 20 washeries, with a few large plants of capacity above 2.5 million tons dedicated to major clients....
(EnergyAsia, July 1 2011, Friday) — Australia’s export earnings from the energy and mineral commodities for the January to March quarter fell 10% to A$40.3 billion from the December quarter of 2010, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). (US$1=A$0.95). ABARES chief commodity analyst Jammie Penm said the decrease...