(EnergyAsia, September 4, Thursday) — The US District Court for the District of Columbia has denied Exxon Mobil Corporation’s motion for summary judgment in Doe v. Exxon Mobil Corp, removing the last procedural hurdle before trial in a groundbreaking case establishing corporate responsibility for international human rights abuses. Cohen, Milstein, Hausfeld & Toll PLLC, a (more…)
(EnergyAsia, September 3, Wednesday) — Oil consumption in the developed economies is expected to drop 1.3% this year, the largest decline in 25 years, said the International Energy Agency. The Organisation of Economic Co-operation and Development (OECD) is projected to come in at 48.6 million b/d this year, down from 49.2 million b/d in 2007,...
(EnergyAsia, September 3, Wednesday) — Energy-hungry Europe may be forced to distance itself from the US and soften its stance towards Iran in an attempt to reduce dependence on Russia for its oil and gas supplies. The West has been trying to present a united front to pressure Iran to abandon its nuclear energy programme,...
(EnergyAsia, September 3, Wednesday) — China is believed to have paid record prices in recent spot market deals for liquefied natural gas (LNG) deliveries from Nigeria, Algeria and Egypt. Several cargoes changed hands for between US$$15.35 and $15.50 per million Btu, far higher than the estimated US$2.50 and US$3.15 per million Btu China is paying...
(EnergyAsia, September 3, Wednesday) — An unlikely dispute between Cambodia and Thailand over a contested border area could set back the development of offshore oil and discoveries which have been dubbed “the best unexplored acreage left in Southeast Asia.” The dispute flared up over a little known temple in Preah Vihear after it was listed...
(EnergyAsia, September 3, Wednesday) — Unresolved border issues continue to pose as a source of irritation between East Asian countries that occasionally threaten to flare into conflicts between neighbouring countries. Many of the disputes involve claims that are centuries old, and are difficult to prove and settle under international law. The stage is set for...
(EnergyAsia, September 3, Wednesday) — In its escalating row with the West, Russia has raised the stakes by ordering the completion of a pipeline to deliver crude oil to Asia. The order by Prime Minister Vladimir Putin this week was a clear cut warning to the European Union that Moscow can easily divert oil and...
(EnergyAsia, September 3, Wednesday) — Yingli Green Energy Holding Company Limited, a NYSE-listed vertically integrated photovoltaic (PV) product manufacturer, said it has signed an agreement with the local government of a county in Beijing to build a 10 MW solar power plant. Yingli said a wholly-owned subsidiary and an entity controlled by the county government...
(EnergyAsia, September 3, Wednesday) — China’s Solarfun Power Holdings Co Ltd said it has entered into a letter-of-intent for a three-year supply agreement with Q-Cells International, a 100% subsidiary of Germany’s Q-Cells AG. Nasdaq-listed Solarfun is an established vertically-integrated manufacturer of silicon ingots and photovoltaic (PV) cells and modules in China. Q-Cells is the world’s...
(EnergyAsia, September 3, Wednesday) — Belgium’s GDF SUEZ Energy International said it has won the contract to build, own and operate the Al Dur 1 power generation and seawater desalination plant in Bahrain. As a a major independent power and water project in Bahrain, Al Dur 1 is a greenfield, natural gas-fired installation that will...
(EnergyAsia, September 3, Wednesday) — Amtech Systems Inc, a supplier of production and automation systems and related supplies for the manufacture of solar cells, semiconductors and silicon wafers, said its solar subsidiary, Tempress Systems Inc, has received a $7.5 million follow-on solar order for its diffusion processing systems from a customer in Asia. J.S. Whang,...
(EnergyAsia, September 2, Tuesday) — ET Solar Group, a Nanjing, China-based solar power solution provider and integrated manufacturer of photovoltaic products, said it has signed a master agreement for the turnkey construction of solar power plants for Wattner Group of Germany’s Cologne city. ET Solutions AG, the solar power solution arm of ET Solar, will...
(EnergyAsia, September 2, Tuesday) — Japan, long the dominant force in Indonesia’s liquefied natural gas (LNG) export market, may soon be edged out by more aggressive competitors from China and South Korea. Japan has typically imported some 70% of LNG produced in Indonesia, making it by far that country’s largest customer. Supply volumes from Indonesia...
(EnergyAsia, September 2, Tuesday) — Increasing rivalry over pipeline routes and energy security are driving military and security strategies in Asia, with Russia’s attack on Georgia last month being the most visible example. The contest over Georgia and the oil and gas pipelines that run through the country comes as Russia is increasingly using energy...
(EnergyAsia, September 2, Tuesday) —There are now 80 carbon funds, managing $12.87 billion in assets, up from 56 funds managing $7.9 billion one year ago, according to new research by Environmental Finance Publications. These funds either buy carbon credits (usually, but not exclusively, from Clean Development Mechanism (CDM) projects in developing countries) to sell for...
(EnergyAsia, September 2, Tuesday) — Solarfun Power said it has signed a letter-of-intent for a three-year deal to supply PV modules to Q-Cells International. The buyer is a fully-owned subsidiary of Q-Cells AG, the world’s largest independent manufacturer of solar cells. Q-Cells International will purchase from Solarfun a minimum of 100 MW of PV modules...
(EnergyAsia, September 2, Tuesday) — The North West Shelf Venture’s fifth LNG processing train located at its Karratha gas plant in Western Australia has started producing liquefied natural gas (LNG) for export to customers around the world including Japan, China and South Korea. With Train 5 now on line and contributing up to 4.4 million...
(EnergyAsia, September 2, Tuesday) — Embargoed by the West, Iran is pushing to secure financing and technology from Asian countries to develop its oil and gas reserves and boost production. Western firms are under pressure from their governments not to invest in Iran, which stands accused of developing a nuclear programme for military use. Iran...
(EnergyAsia, September 2, Tuesday) — US WTI crude oil prices have kept stubbornly well above US$110 a barrel after plunging from an all-time high of $147.27 a barrel on July 11. Numerous attempts to push prices below the $110 support the last seven weeks have failed. Instead, each correction has brought the bulls back into...
(EnergyAsia, September 2, Tuesday) — Conergy Korea, a subsidiary of Germany’s renewable energy company Conergy AG, has signed an agreement for a € 20 million 4.35 MWp extension of Asia’s largest, recently completed photovoltaic plant (19.6 MWp) in SinAn, southwest of the South Korean capital city of Seoul. (US$1=0.64 euro). Working with client DongYang Engineering...
(EnergyAsia, September 2, Tuesday) — Singapore-listed Asia Power Corporation Limited said it has acquired an additional 20% interest in its subsidiary, Asia Power (Leibo) Hydroelectricity Co Ltd (AP Leibo) from Chengdu Xing Chengyuan Hyrdopower Technology Development Co Ltd, Neijiang Xingyuan Power Group Co Ltd and Zigong Southwest Steel Co Ltd. The buyer paid nearly RMB2.77...
billion yuan to expand its 12-million-tonne per year refinery in Huizhou city in Guangdong province to 22 million tonnes. (US$1=6.85 yuan). According to local media reports, China’s third largest oil company will complete the expansion and add an ethylene cracker to the complex by 2015. Work on the Huizhou complex started in 2005, and is...
Sciences General Energy & Environment Co Ltd (BCSGEE) have formed a joint venture to develop municipal waste-to-energy projects in China. Khazanah said it established the joint venture through its wholly-owned subsidiary, Tanjung Rhu Investments Ltd, which will have majority shareholding. The Malaysian government investment company has committed to invest up to US$150 million in at...
capacity on Kharg Island by 2010. Oil Terminals Company, a subsidiary of state National Iranian Oil Company (NIOC), said it will build four one-million-barrel tanks as part of a national programme to double up crude oil storage capacity. Construction of the tanks, located in the northeastern Persian Gulf, 25 km off the coast of...
Inc (GPS) and Malaysia’s MISC Bhd said they have been awarded a multi-million dollar contract by Malaysia’s PCPP Operating Company Sdn Bhd for the lease of two mobile offshore production units (MOPUs) for deployment off the coast of Sarawak state. The contract is worth approximately US$320 to US$360 million with an estimated capital expenditure of...