contract to design and supply two circulating fluidised-bed (CFB) steam generators to the Gunjang National Industrial Complex (HENC GP Project) in South Korea’s Gunsan city. The contract was awarded by Hanwha Engineering & Construction Corporation (HENC), a subsidiary of Korean industrial conglomerate Hanwha Group. This is the second contract in Korea awarded to Foster Wheeler...
(EnergyAsia, August 6, Wednesday) — The Oxford Princeton Programme will be holding a workshop on ‘The Synergies of Refining, Trading and Supply’ in Singapore from August 18 to 21. The course is designed to provide delegates with a thorough understanding of the latest business techniques and refining technologies available to the oil supply, trading and (more…)
(EnergyAsia, August 6, Wednesday) — The ‘21st International Coal Supply Contracts and Transport Logistics’ will be held at the M Hotel in Singapore from September 15 to 19. The seminar aims to provide delegates with an overview of the entire coal supply chain. Topics covered include coal supply and transport agreements, freight markets and vessel (more…)
(EnergyAsia, August 6, Wednesday) — Several hundred oil tank drivers recently went on a long strike in the coastal city port of Paradip in India’s Orissa state to protest against alleged police violence. The action taken in retaliation against the police for allegedly assaulting oil tank drivers, contributed to fuel supply shortages in the state....
(EnergyAsia, August 6, Wednesday) — International energy services company John Wood Group PLC and international engineering and construction company Consolidated Contractors Company (CCC), have formed Wood Group-CCC, a joint venture to provide operations and maintenance services for the oil, gas and petrochemical industries in Qatar, Kuwait, Saudi Arabia, Oman, UAE, Bahrain and Yemen. Les Thomas,...
(EnergyAsia, August 6, Wednesday) — World Bank’s IFC, the Independent Power Producers’ Association of Nepal (IPPAN), the Nepal Banker’s Association, and the Nepal Hydropower Association last month held a workshop on hydropower project financing to help promote investments in the sector. The event was attended by senior government officials, infrastructure and power specialists, and private...
(EnergyAsia, August 6, Wednesday) — Trina Solar Limited, a leading Chinese integrated manufacturer of photovoltaic products from the production of ingots, wafers and cells to the assembly of PV modules, said it has signed a sales agreement with Enel.si Srl, a subsidiary of Enel SpA, Italy’s largest power company. Under terms of the two-year agreement,...
(EnergyAsia, August 6, Wednesday) — China’s Suntech Power and England’s PV Crystalox Solar have signed an initial five-year silicon wafer supply agreement with predetermined prices and volumes. Under the agreement, PV Crystalox Solar will supply Suntech with a total of 260MW of silicon wafers from 2008 to 2013. Headquartered in Oxfordshire, England, Crystalox is a...
(EnergyAsia, August 6, Wednesday) — The IFC said it has helped put the Chinese government in touch with a wide array of international experts on sustainable finance, advancing the country’s effort to implement the green credit policy it adopted last year. Chinese officials recently met with representatives of IFC, the US government, international banks, consulting...
(EnergyAsia, August 6, Wednesday) — US-based China Energy Recovery Inc said it has signed two significant contracts for additional waste-heat recovery facilities – one in China and the other in Papua New Guinea – bringing the year-to-date systems orders to 36. The contracts are worth a total of RMB 47 million. (US$1=RMB6.8). The company will...
(EnergyAsia, August 6, Wednesday) — The tropical root crop cassava could help protect the food and energy security of poor countries now threatened by soaring food and oil prices, said the Food and Agricultural Organisation (FAO). At a recent conference in Ghent, Belgium, cassava scientists called for a significant increase in investment in research and...
US$1.3 billion raised in a successful initial public offering (IPO) last month to acquire five affiliates. With the take-over, the company will control Indonesia’s second-largest coal miner, PT Adaro Indonesia. The IPO was the largest in the country’s history as eager investors immediately sent the company’s stock price up 57% amid strong market sentiment toward...
total of A$106 billion on building terminals to export liquefied natural gas through to 2012. (US$1=A$1.03). While cost increases and political issues have hit the LNG industry and will impact near term investment, Douglas Westwood predicts that overall capital expenditure (capex) is set to reach new highs over the 2008-2012 period. In its report,...
US$10 billion in oil sands projects in Canada’s Alberta province. India’s leading upstream firm, ONGC, has completed making due diligence studies on the oil sands industry, and could be ready to move ahead with an investment. Analysts said the Indian players could start by buying small stakes in junior oil sand firms that need financing...
Hindustan Petroleum Corp Ltd (HPCL) plans to invest Rs4 billion to establish its own jatropha base over the next three years. The oil-bearing crop will be grown on 15,000 hectares of land in plantations in Chhattisgarh state. (U$1 = Rs42.2). Jatropha is a highly rated non-food feedstock for biofuels. Under a deal with the...
power projects to help meet country’s soaring energy needs is being hampered by local state agencies and infrastructure constraints. Although some 5,200 potential hydropower sites have been identified in states such as Andhra Pradesh, Arunachal Pradesh, Himachal Pradesh, Jammu and Kashmir, and Uttrakhand, only few investors have registered their interest or gone ahead with projects....
beverages, expects to profit from its move to become a biodiesel producer. The government has mandated that 2,000 retail outlets around the island begin selling diesel with a 1% biodiesel content from July 15. AGV holds a 20% stake in Taiwan NJC Corp, one of the island’s largest suppliers of biodiesel. The mandate is...
(EnergyAsia, August 5, Tuesday) — ‘Energy Shipping 2008’ will be held at the Sheraton Towers Hotel in Singapore from September 3 to 4. The rise of China and India as major oil and gas markets will help drive the shipping markets. Investors will have to pay closer attention to the economic and political environment, manning (more…)
(EnergyAsia, August 5, Tuesday) — ‘Trends in the Offshore Drilling Rig Market’ will be held in London, UK from September 23 to 24. The event will review the current state of the market, future predictions, financing options and commercial opportunities. It will also focus on the next generation drilling rigs, their capabilities and potential applications. (more…)
that will supply electricity for the Beijing 2008 Olympic Games, as well as the city’s future heat and power needs. Under a 10-year contractual services agreement signed with Beijing Taiyanggong Gas-Fired Thermal Power Co Ltd, GE will provide all parts, repairs and services for two GE Frame 9FA+e gas turbines at the new plant. The...
owned Japanese joint venture, Nippon Vopak, has agreed to fully acquire Mitsui & Co’s assets in the Nagoya and Moji Tank Terminals in Japan. The two terminals handle and store chemical and oil products from vessels, tank trucks and drums. With the acquisition, Nippon Vopak will strengthen its position as provider of independent bulk liquid...
(EnergyAsia, August 4, Monday) — Guy Carpenter & Company LLC, a leading global risk and reinsurance specialist, said it has published the Updated Prediction of Seasonal Tropical Cyclone Activity over the Western North Pacific for 2008. This is the second report produced by the Guy Carpenter Asia-Pacific Climate Centre at City University of Hong Kong (more…)
announced the expansion of its Asian presence with a new and expanded operations office in Singapore. The new location will offer a range of services to Fluor’s clients in the energy, chemicals, industrial, infrastructure, operations and maintenance sectors. The new office, located at 80 Robinson Road, #02-00 in Singapore’s prestigious central business district, will serve...
project at its Tainan manufacturing centre in Taiwan. The US$17 million expansion will increase the company’s ability to meet the demand for both its AKT flat panel display equipment and SunFab(TM) thin film solar manufacturing equipment. The new facility is expected to be completed by the middle of next year. “This year’s strong demand for...
headquartered subsidiary Foster Wheeler Energy Limited, has been awarded a contract to build Vietnam’s second oil refinery in the city port of Nghi Son. The contract was awarded by Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP LLC), a joint venture company between PetroVietnam and its international partners. Foster Wheeler did not disclose the...