(EnergyAsia, May 17 2010, Monday) — By Darrell Delamaide for Oilprice.com. Crude oil prices plunged nearly 4% on May 14 Friday and were off almost 20% from their 18-month high less than two weeks ago, as the euro continued to lose ground against the dollar and US oil inventories continued to build. The benchmark West (more…)

(EnergyAsia, May 13 2010, Thursday) — New Zealand showcased its geothermal leadership at the World Geothermal Congress (WGC) 2010 held in Bali, Indonesia last month. The New Zealand Geothermal Association (NZGA) and a large delegation of scientists, engineers, consultants and investors, and major companies demonstrated a full spectrum of professional services and expertise in geothermal (more…)

(EnergyAsia, May 11 2010, Tuesday) — China’s coal import level is expected to decline this year as a result of a return to price differentials for thermal coal between Chinese domestic and rising seaborne coal prices, said Wood Mackenzie’s coal consultant Paul Manley. Mr Manley said: “Even though in January and February of 2010 there (more…)

(EnergyAsia, May 10 2010, Monday) — By Darrell Delamaide for Oilprice.com. In a week of market turmoil resulting from Greece’s fiscal crisis, US WTI crude oil benchmark went from an intraday high above US$87 on May 3 (Monday) – its highest point in more than a year and a half – to plunge briefly below (more…)

(EnergyAsia, May 5 2010, Wednesday) — Singapore’s trade in physical crude and major oil products reached a record high of 4.22 million b/d last year, breaching the four-million-b/d level for the first time. All the growth came from the products trade which expanded more than 11.9% year-on-year to 3.336 million b/d and helped offset the (more…)

(EnergyAsia, May 3 2010, Monday) — Article by Darrell Delamaide for Oilprice.com. Stubbornly high crude oil inventories continued to stymie bulls through the middle of the week of April 26, but the market seized on positive economic data to push prices higher toward the end of the week. The oil spill from a collapsed rig (more…)

(EnergyAsia, April 29 2010, Thursday) — Law firm Latham & Watkins said it recently advised on two landmark power projects under development in Indonesia– the US$1.215 billion Paiton 3 project in East Java and the US$595 million Cirebon project in West Java. Latham & Watkins  said it represented Japan Bank for International Cooperation (JBIC) and (more…)

(EnergyAsia, April 26 2010, Monday) — This article was written by Darrell Delamaide for Oilprice.com. After languishing most of the week, crude oil prices galloped to the finish line on April 23 Friday, tacking on 1.7% and recouping most of the previous week’s losses as positive new-housing sale data spurred most markets forward. The decision (more…)

(EnergyAsia, April 19 2010, Monday) — Commentary by Darrell Delamaide for Oilprice.com. Oil prices plunged on Friday (April 16)  after the US Securities and Exchange Commission (SEC) charged Goldman Sachs with fraud in its marketing of certain subprime mortgage securities, amid a general sell-off in financial and commodity markets. The allegations against one of the (more…)

(EnergyAsia, April 12 2010, Monday) — By Darrell Delamaide for Oilprice.com. Crude oil prices ended last week virtually unchanged from the previous week as optimism about demand warred with trepidation about historically high inventories in both crude oil and gasoline. The benchmark West Texas Intermediate contract settled at $84.92 a barrel on Friday, April 9, (more…)

(EnergyAsia, April 6 2010, Tuesday) — This is an edited speech delivered by S. Iswaran, Senior Minister of State for Trade and Industry and Education on Jurong Island on March 31. This event marks an important milestone in the evolution of Singapore’s energy policy and landscape. In 2006, we announced that Singapore would build a (more…)

(EnergyAsia, March 31 2010, Tuesday) — Worldwide expenditure within the deepwater sector will total $167 billion between 2010 and 2014 for a 37% increase on the five preceding years, said upstream consultant Douglas-Westwood in a new research report. According to the ‘World Deepwater Market Report 2010-2014’, sector activity will largely remain within the, ‘golden triangle’ (more…)

(EnergyAsia, March 29 2010, Monday) — This article was written By Darrell Delamaide for www.Oilprice.com. Crude oil prices still found stubborn resistance above the $80-a-barrel level amid concerns about demand while natural gas continued its decline, to below $4 per million British thermal units, as burgeoning supply from unconventional sources depressed prices. The natural gas (more…)

(EnergyAsia, March 15 2010, Monday) — This report was written by Darrell Delamaide of OilPrice.com. Crude oil prices tread water for the week ended last Friday March 12 as uncertainty about demand continued to weigh on the market. Prices were down slightly on the week, with the benchmark West Texas Intermediate settling on Friday at (more…)

(EnergyAsia, March 9 2010, Tuesday) — Following a very successful three-month trial by both bunker fuel suppliers and shipping companies, Singapore-based Navitas Resources Pte Ltd last week launched its NR-X trading platform to serve the bunker and marine fuels markets. Navitas Resources Pte Ltd, a Singapore-based specialist energy and climate commodity trade facilitator, had unveiled (more…)

(EnergyAsia, March 1 2010, Monday) — This article was written by Darrell Delamaide of www.OilPrice.com. Crude oil broke through the US$80 a barrel ceiling repeatedly last week but kept falling back as hedge funds placed big bets on the Euro’s decline. The fiscal drama in Greece held global markets hostage much of the week as (more…)

(EnergyAsia, February 17 2010, Wednesday) — Hong Kong-based renewable energy and power company CLP said it has launched the territory’s first electric vehicle (EV) quick charger, marking a new milestone in promoting a wider adoption of EVs. Over the next six months, CLP said it will conduct technical trials on the EV quick charger with (more…)

(EnergyAsia, February 3 2010, Wednesday) — More than 100 government officials, international executives, technical directors and maritime industry leaders attended the International Maritime and Shipbuilding Outlook Summit China 2010 was held last January 14-15 in the northeastern Chinese city of Tianjin. Organised by business conference and professional training provider Noppen Shanghai Co Ltd and supported (more…)

(EnergyAsia, January 15 2010, Friday) – US-based AccuWeather.com said crude oil production in the Gulf of Mexico could be affected this weekend by a storm with potential for conditions similar to a minimal tropical storm. “An El Nino-based rogue storm for the Gulf states occurring Friday afternoon into Saturday will produce gales up to 80 (more…)

(EnergyAsia, January 11, Monday) — The Norwegian Investment Fund for Developing Countries (Norfund) said it has signed an agreement with E+Co, a company that invests in clean energy enterprises in developing countries. The agreement will expand the financing resources for enterprises providing clean energy services, thereby contributing to poverty reduction, economic development and environmental sustainability. (more…)

(EnergyAsia, December 31, Thursday) — Linde Gas Singapore Pte Ltd, a subsidiary of German’s Linde Gas, has started up its new S$25 million carbon dioxide (CO2) plant on Jurong Island in Singapore. (US$1=S$1.4). The plant produces approximately 100 tons per day of liquid carbon dioxide to double the local production capacity, making Linde the largest (more…)

(EnergyAsia, December 24, Thursday) — More than 150 senior Chinese government officials, international executives, industry experts and technologists attended the recently ended China Solar Energy Technology and Investment Congress in China’s Inner Mongolia. Co-organised by Noppen and the Huhhot municipal government on December 10-11, the conference focused on how the industry is driving down the (more…)

(EnergyAsia, December 16, Wednesday) — Driven by government infrastructure spending and favourable demographics, China and India will continue to sustain demand for commodities, according to economists from French bank Societe Generale (SG). In a briefing last week, Glenn Maguire, SG’s chief economist for Asia, noted that the multi-year nature of fiscal stimulus programmes, specifically in (more…)

(EnergyAsia, December 14, Monday) — The world should stay alert to the possibility of inflation as a commodities-hungry China continues to drive the global economic recovery, said Societe Generale’s (SG) chief economist for Asia, Glenn Maguire, at a media event last week. China’s strong investment growth of more than 50% led by the government’s stimulus (more…)

(EnergyAsia, December 3, Thursday) — HMS Bergbau AG, a German coal trading, production and logistics group, said it has opened an office in Mumbai, India with its local partner Growell Resources & Management Pvt Ltd as part of its international expansion programme. Growell, established in 1992 by Ashok Ghandi, trades commodities, chemicals and fertilisers. HMS (more…)