(EnergyAsia, February 8 2012, Wednesday) — Pratt & Whitney Rocketdyne, a member of US-based United Technologies Corp, said it has signed an agreement with two leading Chinese energy firms to design, construct and operate a commercial-scale advanced gasification demonstration plant in China’s central eastern Henan province. P&W Rocketdyne described the “negotiation framework” agreement as a (more…)
(EnergyAsia, February 8 2012, Wednesday) — Australian mining giant BHP Billiton said it has informed the Queensland state government that it plans to align its railway system to accommodate more lines to deliver coal from its various mines to the Port of Abbot Point. The project includes the construction of a dedicated rail line for (more…)
(EnergyAsia, February 8 2012, Wednesday) — Banpu Plc, Southeast Asia’s largest coal miner, said revenue could reach a record of as much as 120 billion baht this year, up 15-20% from last year, on rising sales volume and prices. Briefing the media, chief financial officer Somruedee Chaimongkol said the Thailand-listed company expects to sell a...
(EnergyAsia, February 8 2012, Wednesday) — The Sri Lankan government has approved a set of tax exemptions and approval priority for the construction of a much-needed 500 MW coal-fired plant in the eastern city port of Trincomalee. In a statement, the Economic Development Ministry said the government has recognised the two-unit Sampur power plant as...
(EnergyAsia, February 8 2012, Wednesday) — Hong Kong-lised Mongolian Mining Corporation (MMC) said Mongolia’s President Elbegdorj Tsakhia visited its Ukhaa Khudag coal mine last month as part of his visit to the Tavantolgoi coalfield and Oyutolgoi gold-copper mining project in the Southern Gobi area. While touring the extended facilities at Ukhaa Khudag including the country’s...
(EnergyAsia, February 7, 2012 Tuesday) — Leading international classification society Bureau Veritas said it has approved in-principle the basic design of a 14,000 twenty-foot-equivalent (TEU) containership to be powered by liquefied natural gas (LNG). South Korea’s Daewoo Shipbuilding & Marine Engineering, liner major CMA-CGM and Bureau Veritas jointly developed the design. Jean-Francois Segretain, Bureau Veritas’s (more…)
(EnergyAsia, February 7 2012, Tuesday) — China’s CNOOC Limited has unveiled a budget with a capital expenditure of US$9.3 to US$11 billion to implement its business strategy and development plan for 2012. The bulk, 68%, of that budget will be spent on development, while 17% will be invested in exploration and 14% on production. It is...
(EnergyAsia, February 7 2012, Tuesday) — Engineering giant Foster Wheeler AG said a subsidiary of its Global Power Group has been awarded a contract by Yuen Foong Yu Paper Mfg Co Ltd to design and supply a circulating fluidised-bed (CFB) steam generator for captive use at its industrial paper complex in Yangzhou in China’s Jiangsu (more…)
(EnergyAsia, February 7 2012, Tuesday) — Canada’s CBM Asia Development Corp (CBM Asia) said it has signed a Heads of Agreement with PT Tranaco Utama, a private Indonesian company that holds the first rights to undertake a production sharing contract (PSC) for a 1,500-square kilometre coalbed methane block in Kalimantan in Indonesia. CBM Asia said (more…)
(EnergyAsia, February 7, 2012 Tuesday) — Masdar Institute of Science and Technology, the UAE’s research-driven graduate-level university focused on advanced energy and sustainable technologies, said it has signed a strategic master research partnership agreement with Masdar PV GmbH, leading German-based manufacturer of photovoltaic films. The agreement was signed at the Masdar Institute stand at last (more…)
(EnergyAsia, February 6 2012, Monday) — Australia is bracing itself again for another year of serious weather damage as heavy rains and floods shut down normal life and economic activities in resource-rich areas of Queensland and New Wales states. Since last week, floods have cut off some 12,000 stranded residents in small towns, submerged road...
(EnergyAsia, February 6 2012, Monday) — A worker strike is affecting coal exports from the leading terminal of Port Kembla on Australia’s east coast, 72 km south of Sydney city. A union representing workers at the BHP Billiton-operated terminal began industrial action last Wednesday after the Port Kembla Port Corporation announced it planned to cut...
(EnergyAsia, February 6 2012, Monday) — Australia’s Altura Mining said it expects to start mining its fully-owned Tabalong coal deposit in Indonesia’s South Kalimantan sometime this year upon receiving full government approval. The company plans to start by producing 300,000 to 400,000 metric tons a year of premium grade steam coal at the open-pit mine,...
(EnergyAsia, February 6 2012, Monday) — Seattle, US-based coal miner L&L Energy Inc said it has bought a 51% controlling stake in a coal mine in Guizhou province in China for about US$16.2 million in stock. With reserves of around 19 million tons, the Weishe mine could add 124,000 tons to L&L’s production, US$19.6 million (more…)
(EnergyAsia, February 6 2012, Monday) — US-based Clean Coal Technologies Inc (CCTI) said it has signed a binding memorandum of understanding (MOU) with India’s Jindal Steel and Power Limited to form a joint-venture company to market and deploy its Pristine-M(TM) technology in Southeast Asia. For its 65% stake, Jindal will pay US$6 million which includes (more…)
(EnergyAsia, February 3 2012, Friday) — China will continue to face power supply shortages this year as its generation capacity will expand at its slowest rate since 2006 while consumption is expected to surge by 8% to 9%. According to the China Electric Council, the country’s power consumption will reach 5,130 billion kilowatt hours in 2012...
(EnergyAsia, February 3 2012, Friday) — Worried about the country’s declining energy self-sufficiency, the Vietnamese government has released its long-term plan for the coal industry to raise domestic reserves and production. The plan, endorsed by Prime Minister Nguyen Tan Dung, calls for the coal industry to produce 45 to 47 million tonnes this year, 55...
(EnergyAsia, February 3 2012, Friday) — Dubai’s power and water production capacities grew significantly last year, reflecting its growth as an economic hub in the Middle East. Dubai Electricity and Water Authority (DEWA), the emirate’s state-owned utility, said it installed 8,718 megawatts (MW) of power generation capacity for 2011, up from 7,361 MW in 2010. (more…)
(EnergyAsia, February 3 2012, Friday) — US coal miner and trader Peabody Energy said it has appointed Yosef Setiyawan, its Indonesian director of engineering, as head of its new office in the city port of Balikpapan in East Kalimantan province. Reporting to Keith Downham, vice president of resource development for Indonesia, he will have responsibility (more…)
(EnergyAsia, February 3 2012, Friday) — Canada’s Prophecy Coal Corp said it has received a positive feasibility study for its proposed US$744 million 600 MW Chandgana Mine-Mouth Power Project in central Mongolia. The report was prepared by Ralf Thomsen, a project manager at Steag, a German firm specialising in the planning, financing, construction and operation (more…)
(EnergyAsia, February 2 2012, Wednesday) — Cheniere Energy Partners LP said its subsidiary, Sabine Pass Liquefaction LLC, has increased its liquefied natural gas (LNG) sale volume to BG Gulf Coast LNG LLC, a subsidiary of UK’s BG Group plc, following an amendment to their 20-year supply agreement. BG has agreed to purchase an additional two (more…)
(EnergyAsia, February 2 2012, Wednesday) — For the first time since late 2008, world oil demand fell over the course of a full quarter. That last time marked the start of the global economic crisis that remains very much in play despite efforts by the world’s Central Banks and international agencies to pump trillions of (more…)
(EnergyAsia, February 2 2012, Wednesday) — As US natural gas prices plunged below US$2.40 per million British Thermal Units (mmBTU) to their lowest levels in over a decade, liquefied natural gas (LNG) held firm near record levels in Asia, creating probably the greatest arbitrage trading opportunity in the history of any major commodities. But no...
(EnergyAsia, February 2 2012, Wednesday) — Traders are salivating at the record gap between US Henry Hub natural gas prices hovering below US$3 per million British Thermal Units (mmBTU), their lowest levels in over a decade, and Asian liquefied natural gas (LNG) spot prices holding firm between US$16 and US$20. The case for liquefying the...
(EnergyAsia, February 2 2012, Wednesday) — Australian rail operator QR National has taken a major step to expand and upgrade its nationwide rail infrastructure to support the next wave of growth in the resources sector in Queensland state. Its next phase of project development follows on from the recent commencement of the A$900 million Wiggins...