(EnergyAsia, March 10, Monday) — The gross value of Australia’s fisheries production is forecast to increase over the medium term but the industry will continue to struggle with high fuel prices and soaring levels of seafood imports, said state agency Australian Bureau of Agricultural and Resource Economics (ABARE).Fisheries manager Paul Newton told delegates at a...

(EnergyAsia, March 7, Friday) — Thailand’s Star Petroleum Refining Co (SPRC) has decided to delay its planned listing originally set for mid-2008 to the end of the year.This is the second postponement as the company had expected to be floated on the local stock exchange last year.The company, 64% owned by US major Chevron, declined...

(EnergyAsia, March 7, Friday) — India’s planned semi-conductor “Fab-City” at Hyderabad has lined up seven big confirmed investment projects, worth some US$7 billion.The bulk of the investments are for the manufacturing of solar photovoltaic modules. Investments include a US$3 billion project by Sem India, a US1 billion project by Solar Semiconductor Industries, a US$750 million...

(EnergyAsia, March 7, Friday) — Pakistan’s largest and most important commercial city Karachi was plunged into darkness and inactivity most of yesterday when it suffered its worst ever power outage.The entire city of 15 million was left stranded when power supply was completely cut off which the Karachi Electric Supply Corp (KESC) was unable to...

(EnergyAsia, March 7, Friday) — As part of its examination of the renewable energy sector, Cambridge Energy Research Associates (CERA) has found that growing public concerns about climate change, and its potential economic and political security consequences along with private investment in clean energy technologies have made it a mainstream undertaking today.In a special report,...

(EnergyAsia, March 7, Friday) — Singapore will aim to improve energy efficiency and conservation and promote clean energy use to reduce greenhouse gas emissions as part of its national climate strategy, unveiled after a two-year study.The National Climate Change Strategy (NCCS), announced by Amy Khor Lean Suan, senior parliamentary secretary for environment and water resources,...

(EnergyAsia, March 7, Friday) — The Indonesian government is seeking to renegotiate contract terms with oil and gas producers in the country as higher oil prices have boosted the firms’ revenues and profits.The move, which would involve changing existing production sharing contracts with the oil majors, comes on the back of similar initiatives in Venezuela,...

(EnergyAsia, March 7, Friday) — Britain’s BG Group and Australia’s Queensland Gas are teaming up to build a liquefied natural gas (LNG) processing plant in Queensland state to supply markets in Asia.Due to start up in 2013, the A$8 billion plant, most likely to be sited in Gladstone, will have the capacity to produce up...

(EnergyAsia, March 7, Friday) — US crude oil futures broke through US$105 per barrel for the first time yesterday, three years after Goldman Sachs had made the prediction in a landmark report when oil was trading at around US$50 per barrel.In New York, it closed at a record US$105.47 after climbing as high as US$105.97...

(EnergyAsia, March 7, Friday) — Kuwait has agreed to supply crude oil to a new 240,000-b/d refinery in southeastern China being planned by state oil trader Sinochem.Sinochem President Liu Deshu said his company had concluded the deal for the feedstock for the proposed refinery to be sited in Quanzhou city.The agreement would fit in with...

imported liquefied natural gas (LNG) this financial year, wiping out nearly 40% of the profits of its utilities. This unwanted record came courtesy of the new sky-high prices that Japan has been paying for its LNG cargoes. The world’s largest LNG importer paid just more than US$9 per million British thermal unit (Btu) for its...

manages and operates renewable energy power plants in China, said its revenue grew by 7.1% to a record S$129.8 million in FY2007. (US$1=S$1.40). It attributed the growth to the financial consolidation of JAZ Technology Development (Shenzhen) Co Ltd that was acquired in June 2006. Gross profit grew 13.2% to S$33 million while cost increased by...

by Korea Electric Power Corporation (Kepco), under the newly created Korea Waterbury Uranium Limited Partnership, to jointly develop the Waterbury Lake property in the Athabasca Basin in Saskatchewan province. Pursuant to the earn-in agreement, Fission has granted the Waterbury Consortium the exclusive right to earn up to a 50% interest in the Waterbury Lake property...

potential economic and political security consequences — are driving public policy and private investment to bring clean energy technologies from the fringes of the global energy industry to the center of activities as quickly as possible, said US consultant Cambridge Energy Research Associates (CERA). The result of this rising public and private momentum is an...

nuclear energy stocks recently became available through most data vendors. S&P Custom Indexes serves as calculation agent for the indexes. WNAI is a comprehensive global benchmark for tracking the influence of nuclear energy on companies active in the sector. Former US Ambassador John Ritch, who is director general of the World Nuclear Association and member...

update of renewable and indigenous power projects in Mindanao province. The list includes the Sibulan hydro-electric plant in Mindanao to be completed in 2009, the Mindanao geothermal project a year later, and the 42.5MW Hedcor Sibulan hydro-electric project in Sibulan, Santa Cruz Municipality in Davao del Sur. P5 billion Sibulan project will generate power using...

agreement between developed and developing countries that would ensure the sustainable development of the fuel under fair trade conditions. John Mathews, Professor of Strategic Management at the Macquarie University agriculture, argued in a recent research paper that developing countries can produce biofuels in a very sustainable manner if producers follow agreed standards of good practice...

(LNG) to meet last month’s severe energy shortfalls caused by extreme cold and harsh weather that shut down coal supplies and several coal-fired power plants in its eastern and southern provinces. Its presence will boost the spot market, which recently chalked up new record prices of $20 per million British thermal units this winter as...

deliveries to power plants for last month’s massive blackouts affecting much of Java island and the resort city of Bali. The system overloaded and collapsed following a surge in the electricity deficit to about 1,000 megawatts (MW). Coal supplies for many power plants had to be halted as ports were paralysed by big waves that...

(EnergyAsia, March 5, Wednesday) — Singapore-listed Swiber Holdings Limited, a service provider to the offshore oil and gas industry, said its fiscal 2007 earnings have risen 309.4% to US$49.7 million from year-ago levels. Due to strong demand for its offshore oil and gas services in the region, revenues more than doubled from US$66.8 million to...

(EnergyAsia, March 5, Wednesday) — A US$2 billion liquefied natural gas (LNG) project planned for the Persian Gulf region is being deferred by at least one year due to rising construction costs.The developers, LNG Impel and state Dubai Multi Commodities Centre (DMCC), were to have started construction this year with the first phase operational by...

(EnergyAsia, March 5, Wednesday) — CST 180 high sulphur fuel oil broke through the US$500 per tonne level in Singapore on Monday as world oil prices continue to set new trading highs. Fuel oil is used mostly for power generation and shipping.On Monday, US WTI crude futures rose as high as US$103.95 a barrel in...

(EnergyAsia, March 5, Wednesday) — The World Bank’s IFC said it is helping to create stock market indices that allow investors to assess the environmental, social, and governance performance of companies based in emerging markets.In Brazil and India, these indices provide a valuable tool for sustainable investment, as well as an important incentive for companies...

(EnergyAsia, March 5, Wednesday) — Japan, South Korea and Taiwan are paying record high prices for liquefied natural gas (LNG) supplies, attracting cargoes from producers as far away as Trinidad and Tobago and Nigeria.Qatar will soon be tempted to divert more of their deliveries to markets in the Far East, away from traditional buyers in...

(EnergyAsia, March 5, Wednesday) — Qatar and China signed a memorandum on promoting bilateral energy cooperation on March 2.The agreement was signed in Doha, Qatar by Zhang Xiaoqiang, vice chief of the State Development and Reform Commission of China, and Qatari Deputy Prime Minister and Minister of Energy, Industry, Electricity and Water Abdullah Bin Hamad...