owned Japanese joint venture, Nippon Vopak, has agreed to fully acquire Mitsui & Co’s assets in the Nagoya and Moji Tank Terminals in Japan. The two terminals handle and store chemical and oil products from vessels, tank trucks and drums. With the acquisition, Nippon Vopak will strengthen its position as provider of independent bulk liquid...
(EnergyAsia, August 4, Monday) — Guy Carpenter & Company LLC, a leading global risk and reinsurance specialist, said it has published the Updated Prediction of Seasonal Tropical Cyclone Activity over the Western North Pacific for 2008. This is the second report produced by the Guy Carpenter Asia-Pacific Climate Centre at City University of Hong Kong (more…)
announced the expansion of its Asian presence with a new and expanded operations office in Singapore. The new location will offer a range of services to Fluor’s clients in the energy, chemicals, industrial, infrastructure, operations and maintenance sectors. The new office, located at 80 Robinson Road, #02-00 in Singapore’s prestigious central business district, will serve...
project at its Tainan manufacturing centre in Taiwan. The US$17 million expansion will increase the company’s ability to meet the demand for both its AKT flat panel display equipment and SunFab(TM) thin film solar manufacturing equipment. The new facility is expected to be completed by the middle of next year. “This year’s strong demand for...
headquartered subsidiary Foster Wheeler Energy Limited, has been awarded a contract to build Vietnam’s second oil refinery in the city port of Nghi Son. The contract was awarded by Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP LLC), a joint venture company between PetroVietnam and its international partners. Foster Wheeler did not disclose the...
(EnergyAsia, August 4, Monday) –– Boston, Massachusetts-based KLD Research & Analytics Inc has marked the third anniversary of its Global Climate 100SM Index (GC100) – the first global index focused on solutions to climate change. The firm said the fund has returned 53% (15.24% annualised) from its launch on July 1, 2005 through June (more…)
(EnergyAsia, August 4, Monday) — First Solaplants under construction at the Kulim Hi Tech Park in Kedah in Malaysia was inaugurated last month. First Solar’s investment of US$680 million will bring more than 2,000 jobs in management, engineering, accounting, human resources and factory operations when all four plants are fully operational. The Malaysian government has (more…)
CRC for Greenhouse Gas Technologies (CO2CRC), hosted a seminar last week to present and discuss the latest research and technology underpinning carbon dioxide capture and storage (CCS). They showcased the recently launched CO2CRC Otway Project, Australia’s first geological carbon dioxide storage demonstration in Victoria’s Otway Basin, where up to 100,000 tonnes of carbon dioxide is...
more than US$100 a barrel for its oil imports for most of 2008. For the first half, it paid around US$46.8 billion for oil imports, up more than 41% over the same period last year. Fuelling inflation, the currency, the rupee, has been steadily declining against the US dollar, which, in turn, has been...
developed a window coated with building integrated photovoltalic (BIPV) cells that can generate electricity from solar energy. The researchers, from Korea Advanced Institute of Science and Technology (KAIST) and Samsung, said they coated the windows with a solar gel containing (BIPV) cells. While much more research needs to be conducted to improve the windows’ energy...
the work week for government employees to four days to save energy at offices and institutions. If approved, government workers would be putting in 10 hours a day for four days, instead of eight hours for five days. The measure would not include workers in emergency and security services. The government employs some 2.7...
(EnergyAsia, August 1, Friday) — August Energy Pte Ltd will be holding a workshop on ‘Bunkering: Principles, Management & Operations’ at the Bestway Building, off Shenton Way on September 2 and 3. Bunker fuel is probably the largest cost component for the shipping industry today. The cost of bunker fuel recently climbed to a record (more…)
(EnergyAsia, August 1, Friday)— Solarfun Power Holdings Co Ltd, a China-based manufacturer of photovoltaic (PV) cells, modules and ingots, said a wholly owned subsidiary has signed a 47-megawatt (MW) sales contract with Schüco International KG, a leading PV system provider in Europe. Solarfun said it will supply a combined total of 47 MW of PV...
(EnergyAsia, August 1, Friday) — Biofuels accounted for 30% of the recent increase in world food prices, with disastrous impacts on food supplies and the economy of poor nations, a new Oxfam report found. The increased cost of food has pushed 30 million people around the world into poverty, the agency said. It added that...
(EnergyAsia, August 1, Friday) — Refining giants GS Caltex of South Korea and Nippon Oil of Japan have agreed to form a joint venture to produce carbon materials for high-end energy storage devices. The 900-tonne per year plant will be built at Gumi, southeast of Seoul, and is expected to start up in 2010. The...
(EnergyAsia, August 1, Friday) — Australian upstream company Santos has confirmed acting CEO David Knox as CEO and managing director. He will be paid a base salary of A$1.75 million and a remuneration linked to performance. Mr Knox, 50, joined Santos last September as executive vice president with responsibility for growing its emerging new...
(EnergyAsia, August 1, Friday) — US-based SunPower Corporation said it has completed the acquisition of Australian integrator and distributor, Solar Sales Pty Ltd, for an undisclosed sum. Founded in 1983, Solar Sales was one of Australia’s first photovoltaic companies and is a leading systems integration and product distribution organisation. Solar Sales offers solar panels and...
(EnergyAsia, August 1, Friday) — Swiber Holdings Limited), a Singapore-based provider of offshore services, said it has appointed two new heads to lead the growth of its two business units, Offshore Construction Services (OCS) and Offshore Support Services (OSS). Nitish Gupta, currently Swiber’s COO, will lead OCS while Darren Yeo, an executive director and executive...
(EnergyAsia, August 1, Friday) — Energtek Inc, a US-based company focused on developing its Adsorbed Natural Gas (ANG) technology, said it has signed a purchase contract with the Philippine National Oil Company – Exploration Company (PNOC-EC) for natural gas extracted from the San Antonio stranded gas well in the Philippines’ Isabela province. The purchase contract...
(EnergyAsia, August 1, Friday) — Australia’s AGL Energy Limited (AGL) said it has acquired the Australian wind farm interests of Allco Finance Group Limited (Allco) for A$12.5 million to help meet compulsory renewable energy targets. (US$1=A$1.03). The assets include seven development projects in the states of Queensland, New South Wales and South Australia. AGL managing (more…)
(EnergyAsia, August 1, Friday) — The ‘21st International Coal Supply Contracts and Transport Logistics’ will be held at the M Hotel in Singapore from September 15 to 19. The seminar is designed to provide delegates with an overview of the entire coal supply chain. Topics covered include coal supply and transport agreements negotiation, freight markets (more…)
(EnergyAsia, July 31, Thursday) — Australian companies Origin Energy and Geodynamics said they are advancing their geothermal energy joint venture in Cooper Basin South Australia state. Origin Energy said it will invest another A$9.6 million in the renewable energy project, bringing its total commitment to A$150 million. (US$1= A$1.03). The development of the Cooper Basin (more…)
0.6 percent to S$180.3 million compared with the same period last year. Its revenue jumped by nearly 65% to S$3.25 billion on the back of higher oil prices. (US$1=S$1.35). Earnings per share rose to 34.96 Singapore cents from 34.79 Singapore cents previously. The oil refining and marketing firm said it will pay an interim one-tier...
Gippsland Basin joint venture will invest US$1.1 billion to develop more than 270 million oil-equivalent barrels from the Turrum field in the Bass Strait in southeast Australia. Exxon Mobil is represented by subsidiary Esso Australia in the equal joint venture. Esso Australia, the Turrum field operator, operates 21 offshore oil and gas production facilities in...
Bank said in a report leaked to Britain’s Guardian newspaper. The main drivers for food prices were programmes in the US and European Union to boost biofuels production, the report said. These findings run counter to claims by biofuels promoters who blame rising food demand in India and China for the sharp increases in global...