(EnergyAsia, April 9 2012, Monday) — Seattle, US-based L&L Energy said it has signed a long-term agreement to supply coal to a thermal coal-fired power plant in Guizhou province owned by Datang International Power Generation (Datang Utility). L&L said its DaXing subsidiary will provide 20,000 tons of thermal coal per month over 12 months to (more…)

(EnergyAsia, April 9 2012, Monday) ––Indonesian coal miner PT Adaro Energy Tbk said its net income surged 124% to US$552 million for the financial year ended December 31 2011, boosting its basic earnings per share by 123% to US$0.01721. The Jakarta-listed company attributed the strong perfomance to a combination of  production growth, high coal price and (more…)

(EnergyAsia, April 5 2012, Thursday) — Honeywell said it has been selected for a US$5 million project to provide technology and expertise to ensure the timely, safe and efficient start-up of one of China’s largest methanol-to-olefins (MTO) and methanol-to-propylene (MTP) projects. Phase one of Pucheng Clean Energy Chemical Company Ltd (PCEC)’s coal-to-chemical project has an (more…)

(EnergyAsia, April 5 2012, Thursday) — The following is an edited version of an interview with Tony Regan, principal consultant of Tri-Zen Asia, by IQPC’s Bryan Camoens. Mr Regan, who is chairman for the 8th Annual FLNG Asia Pacific Summit in Singapore, spoke about the recent emergence of floating LNG (FLNG) terminals as a viable (more…)

(EnergyAsia, April 5 2012, Thursday) — China’s Sinopec and Saudi Arabia’s SABIC have begun work on building a 260,000-tonne/year polycarbonate plant in China’s Tianjin city. Their equal joint venture firm, Sinopec SABIC Tianjin Petrochemical Company (SSTPC), is investing RMB11 billion to develop a petrochemical complex on a 67-hectare plot in the Tianjin Binhai New Area. (more…)

(EnergyAsia, April 4 2012, Wednesday) — Singapore will continue with its existing model of development emphasisng rapid economic growth, population increases and the use of modern management systems and technology to improve resource use despite charges that it has one of the most damaging impacts on the environment. In recent separate reports, the World Wide (more…)

(EnergyAsia, April 4 2012, Wednesday) — US engineering firm Fluor Corp said it has secured a contract from Petronas Gas Berhad, a subsidiary of the Malaysian state oil and gas company, to provide front-end engineering and design (FEED) services for a new liquefied natural gas (LNG) import terminal in Malaysia. The regasification terminal will supply (more…)

(EnergyAsia, April 4 2012, Wednesday) — Australia’s land and oceans have continued to warm in response to rising carbon dioxide (CO2) emissions from the burning of fossil fuels, said the country’s leading science agency CSIRO and the Bureau of Meteorology. In their joint ‘State of the Climate 2012’ report, the two agencies said there was (more…)

(EnergyAsia, April 3 2012, Tuesday) — The following is an edited version of an interview by IQPC’s Bryan Camoens with Jason Waldie, an associate director for energy consultant Douglas Westwood, on the role of floating LNG terminals in gas production from stranded fields. Mr Waldie will provide more details at the upcoming 8th Annual FLNG (more…)

(EnergyAsia, April 3 2012, Tuesday) — Australia’s upstream oil and gas industry wants the Federal government to use a mix of “competitive markets” and specific “policy interventions” to protect the sector’s international competitiveness and ability to meet domestic energy demand. In its submission for consideration in the Federal government’s Energy White Paper, the Australian Petroleum Production (more…)

(EnergyAsia, April 3 2012, Tuesday) — Vancouver, Canada-based Ivanhoe Mines said its 57.6%-owned Mongolian coal mining subsidiary SouthGobi Resources is the subject of a “proportional” takeover by Aluminum Corporation of China Ltd (Chalco) worth as much as C$889 million. (US$1=C$0.99). Chalco plans to make a takeover bid for between 56% and 60% of the common (more…)

(EnergyAsia, April 2 2012, Monday) — Abdul Rahim Hashim, President of the International Gas Union, will hold a media briefing on the state of the natural gas industry at the Regent Hotel in Singapore on April 4 at 3 pm. In focusing on the upcoming 25th World Gas Conference to be held in Kuala Lumpur (more…)

(EnergyAsia, April 2 2012, Monday) — Sakhalin Energy Investment Company Ltd said the Russian Federation and its Far Eastern region of Sakhalin have begun receiving their share of profit production under the Sakhalin-2 offshore oil and gas project from last month. According to their production sharing agreement, production sharing started when the company had recovered (more…)

(EnergyAsia, April 2 2012, Monday) — globalCOAL, an electronic and marketplace operator for the industry, said it has released the latest version of its Standard Coal Trading Agreement (SCoTA) together with two new tradable specifications for its online trading system. The new contract, SCoTA Version 8, has undergone a major overhaul to allow it to (more…)

(EnergyAsia, April 2 2012, Monday) — US coal miner Peabody Energy said heavy floods in Australia’s Queensland state will affect its first quarter financial and operatin performance. The company expects to achieve the low end of its original targeted earnings range of A$500 to A$600 million and adjusted diluted earnings per share of US$0.50 to (more…)

(EnergyAsia, April 2 2012, Monday) — PHI Group Inc, a US company focused on energy and natural resources, said it has formed Indochina Energy Ltd, a Nevada corporation, as a special purpose holding company to develop power plant projects in Vietnam. For now, Indochina Energy is focusing on jointly developing a 2,000 MW coal-fired power (more…)