(EnergyAsia, August 3 2011, Wednesday) — China Guodian Corporation said it has started building a large plant with the annual capacity to convert coal to four billion cubic metres of gas in Nileke county in northwestern Xinjiang province. Guodian has awarded the contract to subsidiary, Nileke Energy & Chemical Engineering, to develop the RMB26.8 billion...
(EnergyAsia, August 3 2011, Wednesday) — International law firm Herbert Smith said it and its Indonesian associate, Hiswara Bunjamin & Tandjung (HBT), jointly advised Hong Kong-listed eForce Holdings Limited on its recent HK$500 million acquisition of Fastport Investments Holdings Limited that indirectly holds a mining concession right over the PT Bara coal mine located in...
(EnergyAsia, August 3 2011, Wednesday) — China Petroleum & Chemical Corporation (Sinopec) and Syntroleum Corporation, a Tulsa, Oklahoma company said they have started up their jointly-owned 80 b/d demonstration plant in Zhenhai district in China’s Zhejiang province. The plant uses the Syntroleum-Sinopec Fischer Tropsch technology to convert coal, asphalt and petroleum coke into high value (more…)
(EnergyAsia, August 3 2011, Wednesday) — L & L Energy Inc, a US-based company operating coal businesses in China, said its income rose by nearly 20% to US$37 million while its revenue more than doubled to a record US$224 million for the FY2011 which ended on April 30. Fully diluted earnings per share from continued (more…)
(EnergyAsia, August 2 2011, Tuesday) — Sino Clean Energy Inc , a leading producer and distributor of coal-water slurry fuel (CWSF) in China, said it recently signed a non-binding preliminary agreement to fully acquire Crown Energy Limited, a Hong Kong investment company, which holds a 60% stake in Foshan Nan Hai CWSF Co Ltd. If...
(EnergyAsia, August 2 2011, Tuesday) — A consortium comprising Japan’s Marubeni Corporation and Germany’s Siemens Group has received a letter of intent from the Electricity Generating Authority of Thailand (EGAT) to construct two combined cycle power plants with a total capacity of 1,600MW. The Chana Block 2 plant in Songkhla province and Wang Noi Block...
(EnergyAsia, August 2 2011, Tuesday) — Australian mining giant BHP Billiton experienced contrasting fortunes for its metallurgical or met and thermal coal operations for the first half of this year. Its met coal production fell 13% to 32.68 million tonnes compared with the same period last year, while its thermal coal production rose 5% to 69.5...
(EnergyAsia, August 2 2011, Tuesday) — Germany’s Siemens Energy said it recently received separate large orders to deliver coal-to-gas plants and wind turbines to two customers in China, although it did not reveal the value of the contracts. Last month, the company said it secured from CPI Xinjiang Energy Co Ltd a contract to deliver (more…)
(EnergyAsia, August 2 2011, Tuesday) — Australia-listed Hunnu Coal said it is targeting to produce 1.5 million tonnes of coal from the Tsant Uul deposit in Mongolia next year and three million tonnes in 2013. The company said it expects to start production in the last quarter of 2011 after announcing that it had been (more…)
(EnergyAsia, August 1 2011, Monday) — Hong Kong-listed King Stone Energy Group Limited said it has agreed to acquired Inner Mongolia Liaoyuan Coal Mining Company Limited (or Liaoyuan Coal) for RMB500 million in cash. (US$1=RMB6.45). King Stone Energy said it will pay for the stake in three separate instalments entirely from its internal resources by...
(EnergyAsia, August 1 2011, Monday) — Switzerland-based Foster Wheeler AG said a subsidiary of its Global Engineering and Construction Group has signed a memorandum of understanding (MoU) to form a jointly-owned company with The State Oil Company of Azerbaijan Republic (SOCAR) in Azerbaijan. SOCAR is a state-owned company engaged oil and gas exploration, production, transportation...
(EnergyAsia, August 1 2011, Monday) — Making its first foreign investment, Indian Metals and Ferro Alloys (IMFA) said its Singapore-based subsidiary, Indmet Mining Pte Limited, has paid US$8.75 million for a 70% stake in a coal mine in Central Kalimantan, Indonesia. The Orissa state-based company, controlled by the Rajya Sabha family, will invest millions more...
(EnergyAsia, August 1 2011, Monday) — Coal accounted for a third of Mongolia’s US$1.163 billion export earnings in the first four months of 2011. The increased prices and volume of mineral sales boosted export earnings of the landlocked resource-rich country by more than 59.4% over the same period last year. The National Statistics Office said...
(EnergyAsia, August 1 2011, Monday) — Coal Services Pty Ltd said it has reduced workers’ compensation premium rates for the New South Wales coal mining industry by 2.78% for the current financial year 2011/2012, with the target premium rate set at 3.5%. This is the latest in a series of reductions that have seen insurance (more…)
(EnergyAsia, July 29 2011, Friday) — Foster Wheeler SOFCON, an unincorporated consortium between a subsidiary of Foster Wheeler’s Engineering and Construction Group and A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON), has been awarded a contract by Saudi Aramco to provide front-end engineering design (FEED) and management services for the Clean Transportation...
(EnergyAsia, July 29 2011, Friday) — China Aviation Oil Singapore Corporation Ltd (CAO), Asia’s largest jet fuel trader, said it has signed a non-binding strategic cooperation agreement with China Development Bank Corporation (CDB), giving it access to up to US$3 billion to finance its expansion including asset acquisitions and oil trading activities. With the July...
(EneryAsia, July 29 2011, Friday) — A consortium led by US major Chevron Corporation have secured agreements to supply liquefied natural gas (LNG) from its Wheatstone natural gas project in Australia to Japan’s Tokyo Electric Power Company (TEPCO). Chevron said that its Australian subsidiaries, together with US-based Apache Energy and Kuwait’s Kufpec will deliver up (more…)
(EnergyAsia, July 29 2011, Friday) — The 2011 edition of this map, measuring 120 cm by 90 cm, shows the latest oil, gas, petrochemical, chemical and power and marine installations and plants in Singapore and Johor. First produced in 1999, this unique map contains latest statistical information including oil and power consumption, refining capacities, power (more…)
(EnergyAsia, July 29 2011, Friday) — Singapore, the world’s busiest port by vessel arrival tonnage, has launched a new operations centre to further raise the bar on navigational safety and security to support the region’s maritime trade. The official opening this week of the new Port Operations Control Centre (POCC) in Changi on the western (more…)
(EnergyAsia, July 28 2011, Thursday) — China National Petroleum Corp (CNPC), the country’s leading oil producer, has started up a joint-venture refinery with the Chadian government just outside the Central African country’s capital city of N’djamena. The one-million-tonne-a-year plant was officially opened last month at a ceremony attended by Chad’s President Idriss Deby and Prime...
(EnergyAsia, July 28 2011, Thursday) — China, the world’s second-largest oil user, could expand its refining capacity by a third to 13.3 million b/d between now and 2016, said the International Energy Agency (IEA). China National Petroleum Corp (CNPC) and China Petroleum & Chemical Corporation (Sinopec), the country’s two biggest oil and gas producers, own...
(EnergyAsia, July 28 2011, Thursday) — Energy-poor Tajikistan has started building its first oil refinery to meet its rising domestic fuel demands and reduce its energy dependency on Russia. Tajik President Emomali Rahmon attended the groundbreaking ceremony for the privately-owned 100,000-ton/year plant in the western part of the country. Rustam Dustov, a local businessman who...
(EnergyAsia, July 28 2011, Thursday) — The 12-member Organisation of the Petroleum Exporting Countries (OPEC) could see their net oil export revenues surge by 35% to a new high of US$1,028 billion in 2011, and by a further 7.8% to US$1,108 billion in 2012, said the US Energy Information Administration (EIA). In its July 2011 (more…)
(EnergyAsia, July 28 2011, Thursday) — Indonesia’s economy will continue to experience strong growth the next two years but will face rising inflationary pressures caused partly by the removal of energy subsidies, said the International Monetary Fund (IMF). The fund gave its finding in a report submitted by its Asia Pacific division chief, Thomas Rumbaugh, (more…)
(EnergyAsia, July 27 2011, Wednesday) — Italian oil major ENI and China Petroleum & Chemical Corp (Sinopec), Asia’s largest oil refiner, have signed a memorandum of understanding (MOU) to cooperate on projects in Africa and to jointly develop shale gas assets. The agreement expands ENI’s growing interest to develop its China ties. In January, Italy’s...