provider of integrated services to oil and gas majors and builders of rigs, semi-submersibles and floating production storage and offloading (FPSO) vessels, said it has signed its single-largest contract worth more than S$56 million. (US$1=S$1.43). The contract was awarded by Vietnam’s Vietsovpetro to Technics’ wholly owned subsidiary, Technics Offshore Engineering Pte Ltd (TOEPL). Vietsovpetro is...

project management company, said it has been awarded a five-year programme management consultancy (PMC) contract by Zakum Development Company (ZADCO) in Abu Dhabi in the UAE. The reimbursable contract is estimated to be worth US$75 million over the five years, the largest oil-related PMC contract ever awarded by ZADCO. AMEC said it will provide engineering,...

specialty compounds in the Asia Pacific region with the establishment of a compounding agreement with Resin & Pigment Technologies Pte Ltd (R&P), a subsidiary of Singapore’s EnGro Corporation Limited. R&P will manufacture a broad range of ExxonMobil Chemical’s specialty compounds for use in automotive interior and exterior applications, appliances and consumer products. The R&P facility...

supply multicrystalline solar wafers to Taiwan’s Solartech Energy Corp. LDK Solar will deliver approximately 550 MW of multicrystalline silicon wafers to Solartech over a five-year period starting in 2009 through to 2013. Solartech will make an advanced payment representing a portion of the contract value to LDK Solar. “We are pleased to expand our long-standing...

satellite-based management of fixed and mobile assets, said it recently delivered the first of three LPG and refined fuel tank farm monitoring systems to China’s ENN Group, a leading city gas service provider. The deployment of these systems is a collaborative development with the largest enterprise resources planning (ERP) software and service provider for the...

companies was unchanged at $402 billion in 2007, according to the 2008 Global Upstream Performance Review by oil and gas research firm IHS Herold Inc and upstream corporate advisor Harrison Lovegrove & Co Ltd, a Standard Chartered group company. Record development spending, up 20% from 2006, generated just a 0.3% increase in reserve volumes to...

(EnergyAsia, September 12, Friday) — Australia’s Queensland state is pushing ahead with a major A$1.2 billion wind power project in its South Barnett region. (US$1=A$1.20). Led by Investec Bank and Windlab Systems, investors are now working on feasibility studies. If the studies prove positive, the firms are expected to file a development application to build...

(EnergyAsia, September 12, Friday) — Germany’s Oiltanking Group said it will take a 34% stake in a joint venture with Korea National  Oil Company (29%), Glencore International (15%), SK Energy Co Ltd (11%)  and  GS  Caltex Corporation (11%) to develop a new petroleum terminal in the port city of Yeosu in South Korea. The secured...

(EnergyAsia, September 12, Friday) — Russia’s polysilicon producer Nitol Solar has attracted investments totalling $150 million from China’s Suntech Power and World Bank Group’s IFC. Suntech recently completed the final round of its $100 million purchase of a minority interest while IFC made a $50 million equity investment and also extended $25 million loan to...

(EnergyAsia, September 12, Friday) — Nasdaq-listed A-Power Energy Generation Systems Ltd said that Fuhrlander AG has upgraded its largest wind turbine from 2.5 MW to 2.7 MW. The German firm will also supply to A-Power all the components needed to produce the first 10 units of the 2.7MW units in time to begin production in...

(EnergyAsia, September 12, Friday) — The Asian Development Bank (ADB) is urging its development partners to ensure that the environment is protected in transport and infrastructure projects. The transport sector is the largest by oil use, and by far the fastest growing, emitter of greenhouse gases in the Asia and Pacific region, said ADB Vice...

(EnergyAsia, September 12, Friday) — New Zealand’s Energy Efficiency and Conservation Authority (EECA) has endorsed the findings of a report that says biomass material from purpose-grown local forests to have great potential for use as a source of sustainable biofuels. Bioenergy Options for New Zealand’s report stated that New Zealand has enough medium to low...

(EnergyAsia, September 12, Friday) — The Tata Power Company Limited, India’s largest integrated private power company, said it plans to pay A$44.1 million for 29.4 million ordinary shares of Geodynamics Ltd, an Australia-listed company specialising in geothermal energy and enhanced geothermal systems. The shares represent 11.4% of Geodynamics’ issued share capital. (US$1=A$1.20). Tata Power said...

(EnergyAsia, September 12, Friday) — In its first year of operations as a listed company, Australia’s integrated renewable energy player Mission NewEnergy Limited has reported a net after-tax profit of A$2.28 million for the year ended June 30. (US$1=A$1.20). Formerly known as Mission Biofuels, the company said group revenue came to A$24.08 million while earnings...

(EnergyAsia, September 12, Friday) — China’s Guizhou province aims to soon produce one million tons of biodiesel a year from the jatropha curcas crop worth RMB10 billion a year. (US$1=RMB6.85). The provincial government has also set aside more than 16,700 hectares of land to grow jatropha curcas crop. It is also planning to build two...

(EnergyAsia, September 11, Thursday) — Thanks to strong government support and rising world demand, Taiwan’s solar sector companies could achieve total revenues of NT$500 billion by 2012. (US$1=NT$33). Taiwan is looking to the sun for its future energy needs partly as a way to reduce dependence on oil and gas, which are becoming increasingly expensive...

(EnergyAsia, September 11, Thursday) — NYSE-listed Yingli Green Energy Holding Company Limited, a leading vertically integrated photovoltaic product manufacturer, said it has signed a sales contract with Fire Energy SL, a Spanish PV system integrator and PV devices distributor. Yingli Green Energy is expected to supply a total of 16 MW of PV modules to...

(EnergyAsia, September 11, Thursday) — China Power Investment Corporation is investing RMB2.8 billion to build the largest wind power farm in Liaoning province. (US$1=RMB6.85). The 62-sq km wind farm is located in Tuoshan, Wafangdian in Dalian city. The company will initially invest RMB530 million to set up 33 wind power units, each with a capacity...

(EnergyAsia, September 11, Thursday) — Singapore-listed Guangzhao Industrial Forest Biotechnology Group Limited said it has begun commercial planting of a dwarf version of the Jatropha Curcas fuel crop after two years of intensive research. The company said the new strain produces more seeds and oil content, matures faster, and is shorter than usual to facilitate...

(EnergyAsia, September 11, Thursday) — Australia’s Origin Energy Limited said it has noted that UK’s BG Group plc has announced that it does not intend to extend the period of its offer to acquire all the shares in Origin and that it expects the offer to lapse on September 26. Origin said it acknowledges BG’s...

(EnergyAsia, September 11, Thursday) — The Asian Development Bank (ADB) will extend a $810-million, multi-tranche financing facility to Pakistan to boost its power sector, which is struggling to cope with growing demand. The funds, to be released in several tranches over 10 years, will support Pakistan’s $5.2 billion power distribution enhancement investment programme for 2008-2017....

(EnergyAsia, September 11, Thursday) — Worldwide Energy and Manufacturing USA Inc (WEMU) said its solar division, AmeriSolar, has signed $7.63 million in new solar module contracts from two new customers which it declined to identify. WEMU is a US-based China manufacturing company specialising in products for customers in the solar energy, aerospace, wireless telecommunications, medical...

(EnergyAsia, September 11, Thursday) — LDK Solar Co Ltd, a leading China-based manufacturer of solar wafers, said it has signed an eight-year contract to supply multicrystalline solar wafers to Japan’s Sumitomo Corp. LDK Solar said it will start delivering approximately 750 MW of multicrystalline silicon wafers from next year through 2016. Sumitomo will make an...

(EnergyAsia, September 11, Thursday) — In a first for Australia’s Queensland state, science agency CSIRO said it and Tarong Energy have announced a A$5 million joint pilot project to capture greenhouse gases. (US$1=A$1.15). The project will see the installation of a post-combustion capture (PCC) pilot plant at Tarong Power Station, 45km south of Kingaroy in...