(EnergyAsia, February 8, Friday) — UK-based Infield has predicted that companies will invest a total of US$106 billion on the world subsea market over the next five years, including drilling and completion, subsea equipment and SURF pipelines and control lines. This forecast spend represents a 65% increase on the previous five years to 2007.In its (more…)

(EnergyAsia, February 5, Tuesday) — Standard and Poor’s, CRISIL and KLD Research & Analytics, the social and environmental research firm, said they will launch the S&P ESG India Index, the first investable index of companies whose business strategies and performance demonstrate a high level of commitment to meeting environmental, social and governance (ESG) standards. The (more…)

(EnergyAsia, February 5, Tuesday) — A two-day conference and exhibition, being held at Peterborough UK on February 27 and 28 will examine details and issues related to the safe operation of process plant and the protection of plant personnel. There are hazardous areas throughout industry where special attention must be paid to the operation of (more…)

(EnergyAsia, February 4, Monday) — Following successful test results for product performance and stability, NYSE-listed Evergreen Energy Inc said it and Japan’s Sumitomo Corporation have agreed with an unnamed Indonesian mining group to proceed with development of engineering specifications, economic evaluation, marketability analysis and further coal tests for a 1.5 million ton per year K-Fuel® (more…)

(EnergyAsia, February 4, Monday) — The 13th Annual Asia Upstream 2008 will be held at the Orchard Hotel in Singapore from February 28 to 29. Focusing on oil, LNG, and exploration and production activities in Asia, the conference will review upstream ventures, acreage opportunities, corporate strategies of the majors and independents, national oil companies and (more…)

(EnergyAsia, February 1, Friday) — Energy and global warming will be among the key issues discussed when a delegation of US political and business women leaders meet their counterparts in several Chinese cities on March 13 to 22. Clara Lippert Glenn, President and CEO of The Oxford Princeton Programme, the world’s leading provider of education (more…)

(EnergyAsia, February 1, Friday) — Christoph Vitzthum, a senior executive at Finland’s Wartsila, has been appointed chairman of the board of directors of the World Alliance for Decentralized Energy (WADE) from January 1, 2008. WADE is an international non-profit research and promotion organization representing global companies as well as industry and environmental groups. WADE’s direct (more…)

(EnergyAsia, January 31, Thursday) — Weighed down by recent financial market turbulence and a weakening US economy, the world economy is projected to grow at a slower rate of 4.1% this year, down from an estimated 4.9% last year, said the IMF in its quarterly update. Financial market strains originating from the US subprime mess (more…)

(EnergyAsia, January 31, Thursday) — Flowserve Corporation, a leading global provider of fluid motion and control products and services, said it has been selected to provide the China Nuclear Power Engineer Co Ltd with concrete volute pumps for the first phases of its Hongyanhe and Ningde nuclear power plant projects. The order is worth a (more…)

(EnergyAsia, January 30, Wednesday) — Canada’s Talisman Energy Inc said a subsidiary has acquired all the shares of CNOOC Wiriagar Overseas Limited from a subsidiary of China’s CNOOC Ltd for US$212.5 million. Talisman effectively acquired CNOOC Wiriagar Overseas Limited’s 3.06% stake in the Tangguh LNG Project on January 1 2008. The project in Indonesia’s West (more…)

(EnergyAsia, January 30, Wednesday) — Singapore Exchange Limited (SGX) said its SGX AsiaClear unit has cleared more than US$4.7 billion worth of oil and commodity trades last year while securing over 160 trading accounts. This represents a more than 12-fold increase in value of trades cleared and more than doubling of counterparty network over 2006. (more…)

(EnergyAsia, January 29, Tuesday) — BP has signed a series of agreements to increase its investments in China covering clean energy research, a wind power project and chemical production. BP signed an agreement to undertake a feasibility study to jointly build a Clean Energy Commercialisation Centre (CECC) with China Academy of Sciences (CAS). This follows (more…)

(EnergyAsia, January 29, Tuesday) — The Dubai Mercantile Exchange Limited said it has been given permission by the Dubai Financial Services Authority to accept privately negotiated ‘block trades’ of Oman crude oil futures contracts from January 14. ‘Block’ trades of a minimum size of 100 contracts can be submitted to the exchange via the NYMEX (more…)

  (EnergyAsia, January 28, Monday) — Jusung Engineering, a South Korean semiconductor, display and solar cell device manufacturer, has signed an agreement with research institute French Atomic Energy Authority (CEA) to jointly develop silicon-based heterojunction solar cells until at least the end of 2009. The partners will combine their expertise to develop specific thin film (more…)

  (EnergyAsia, January 28, Monday) — Residents in remote areas of the Philippines with limited access to electricity may see light at the end of the tunnel with new financial support from Japan and the Asian Development Bank (ADB) that targets electric cooperatives. Electric cooperatives, small distribution utilities in which all users own shares, are (more…)

  (EnergyAsia, January 28, Monday) — McCloskey’s Asian Coal Conference 2008 will focus on the region’s rise as the centre of the world coal market, with China s the driving force. This year’s event will be held on at the Shangri-La Hotel in Singapore on February 26-27. Asia led the coal world markets last year. (more…)

(EnergyAsia, January 25, Friday) — Coal-Gen Sustainability China 2008, a part of the Asia Energy Dialogue series, will be held in Beijing, China from February 27 to 29.China’s power industry, the second-largest in the world, is undergoing major transformation driven by the country’s rising energy demand and increasing investment by foreign power firms. Coal-Gen Sustainability (more…)

(EnergyAsia, January 25, Friday) — The Lloyd’s Register Group said it has achieved formal recognition in the Republic of Kazakhstan, following the conclusion of an agreement that grants the classification society the authority to issue statutory certificates for IMO-related international conventions. The Lloyd’s Register Group will be the second classification society to be formally recognised (more…)

(EnergyAsia, January 25, Friday) — Australia resources company BHP Billiton said it has approved a US$390 million investment as its share in its third coal export project in Newcastle port on Kooragang Island. The first ship loading of coal is scheduled for late 2010. The project, managed by the Newcastle Coal Infrastructure Group Pty Ltd (more…)

(EnergyAsia, January 25, Friday) — CGGVeritas, a global provider of geophysical services and equipment, has opened a US$55 million state-of-the-art regional headquarters in Singapore. The facility at Serangoon North will be the company’s Asia Pacific headquarters and will house its data processing and imaging hub which has been described as the largest and most powerful (more…)