(EnergyAsia, January 14, Monday) — Germany’s Nordex Group said it has won a tender to supply 33 S70/1500 kW turbines to a subsidiary of Chinese utility Beijing Energy late in 2008.The turbines will be used in the Jingneng wind park to be set up Huitengxile in the highlands about 2,000 metres above sea level in...

(EnergyAsia, January 14, Monday) — Ezra Holdings Limited, a Singapore-based integrated offshore support and marine services provider in the offshore oil and gas industry, said its net attributable profit surged 40 times to S$188.4 million for the quarter ended November 30 2007. (US$1=S$1.42).Revenues rose to new highs on strong demand for its Anchor Handling, Towing...

(EnergyAsia, January 14, Monday) — While encouraging progress is being made, the banking sector still has a long way to go in confronting the business challenges posed by global climate change, according to a first-ever report issued today by the Ceres investor coalition that analyses climate change governance practices of 40 of the world’s largest...

(EnergyAsia, January 14, Monday) — The World Bank’s International Finance Corporation (IFC) has announced that it will make its first investment of 15 million euros in an environment-focused private equity fund to be managed by French management company, Aloe Private Equity. (US$1=0.68 euro).The fund will support companies in Asia, primarily in India and China, that...

(EnergyAsia, January 14, Monday) — The World Bank has signed two emission reductions purchase agreements with Bangladesh’s Grameen Shakti and Infrastructure and Development Company Limited (IDCOL) to support a scheme to promote the installation of solar home systems in the country.The World Bank said it signed the agreements as trustee for the Community Development Carbon...

(EnergyAsia, January 14, Monday) — Deeya Energy, a California, US-based clean energy technology company focused on developing and manufacturing novel energy storage systems, has appointed Vic Mahadevan as president and CEO.Mr Mahadevan, a graduate of University of Iowa and Indian Institute of Technology (IIT), Madras, was previously the CEO of NeoEdge Networks. Prior to that,...

(EnergyAsia, January 14, Monday) — The Taiwanese government said it plans to fund research into developing two macroscopic algae, gracilaria and sargassum, for biofuel production. Details are still being worked out.According to the Cabinet-level Council of Agriculture (COA), the two algae species are rich in polysaccharide that can be transformed into ethanol with the potential...

(EnergyAsia, January 11, Friday) — A new study, “China Solar Energy Industry Research and Forecast 2008-2010” has just been released, said online retailer Research and Markets Inc.China is expected to emerge as one of the greatest solar energy production bases in the world after 2008. Conditions are already in place in China for the large...

(EnergyAsia, January 11, Friday) — Thai state oil firms PTT Plc and Bangchak Petroleum have started selling E20 fuel – a mix of 20% ethanol and 80% gasoline – in the Bangkok area.The fuel will be offered at a discount of six baht per litre through March to boost its popularity. After that, E20 will...

(EnergyAsia, January 11, Friday) — State-owned Philippine National Oil Co (PNOC) said it is considering investing $300 million to build a liquefied natural gas (LNG) receiving terminal in Bataan.PNOC said international companies including Thai state oil firm PTT, Japan’s Marubeni, Russia’s Gazprom and China’s PetroChina have expressed interest in participating in the project.The terminal would...

(EnergyAsia, January 11, Friday) — Indonesia said it is looking to supply natural gas from its Natuna fields north of Sumatra to Thailand.Natuna is located in a part of the Indonesian archipelago near the Vietnamese border and shipping the gas to the domestic market would be too expensive. The field has the capacity to produce...

(EnergyAsia, January 11, Friday) — Hong Kong-based Titan Petrochemicals Group Limited has announced senior management changes to “take advantage of growth opportunities, and support its expanding and increasingly diversified operations in the Asia Pacific region.”Barry Cheung Chun Yuen has left the post of CEO to head up a major new initiative for the group. He...

(EnergyAsia, January 11, Friday) — Thailand’s MFC Energy Fund said it has made its first investment, paying 20 million baht for a 25% stake in E-Ester Co, a biodiesel manufacturer in Chiang Rai. (US$1=30 baht).The 2.5-billion-baht fund was recently established to invest in the energy business in Thailand.MFC said E-Ester has developed proprietary technology to...

(EnergyAsia, January 11, Friday) — Privately held US firm Nanosolar said it has achieved a major breakthrough in thin film technology that will enable it to produce the world’s lowest cost solar panel.In a press statement, the company claims to have made several pioneering achievements including the world’s first printed thin film solar cell in...

(EnergyAsia, January 11, Friday) — Malaysia would go ‘bankrupt’ if it continued to increase domestic fuel subsidies, now running at 10% of government revenue, in the face of rising world oil prices said Deputy Prime Minister Najib Tun Razak. US crude futures have remained supported at more than $90 a barrel for more than two...

(EnergyAsia, January 11, Friday) — The UN Framework Convention for Climate Change (UNFCCC) has registered Indian upstream company Oil and Natural Gas Corporation’s (ONGC) third clean development mechanism (CDM) project. The project, ‘Flare Gas Recovery project at Uran Plant’, will reduce gas flaring from ONGC’s Uran plant. This large scale project qualifies as a CDM...

(EnergyAsia, January 11, Friday) — Sweden’s Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, said it has received two orders for heat exchangers to be used for energy recovery in a natural gas production facility in an unidentified Southeast Asian country.The exchangers, worth a total of 110 million krona, will...

(EnergyAsia, January 10, Thursday) — Emissions trading, future fuels and international oil supply will be among the topics considered by Australia’s newly established Future Fuels Forum (FFF) as it aims to bring together the community, industry and government to help develop a secure and sustainable transport fuel mix for road, rail, air and sea to...

(EnergyAsia, January 10, Thursday) — World Heavy Oil Congress, an international technical and business conference and exhibition focused on the heavy oil industry, will be held in Edmonton, Canada from March 10 to 12. The event is expected to attract over 800 delegates from the industry. The first World Heavy Oil Congress was held in...

a 10-year master support agreement with its largest shareholder, Zongshen Industrial Group (ZIG). ZIG has pledged not to compete with Toronto-listed ZPP, and will conduct all of its alternative power source business through ZPP including the development and sale of all products and services related to electric vehicles, fuel cells, solar power and wind power....

purchased 20,000,000 unissued shares of Delaware-incorporated St Lawrence Energy Corp (OTC: SLAW) at $1.50 per share. At the same time, St Lawrence Energy is making an investment in purchasing 400,000 shares of NOK-BONG common stock for $30 million. As a result, St. Lawrence now owns approximately 33% of NOK-BONG. Founded in 1997, NOK-BONG Ship Building...

Company Limited (PTTEP) has signed a farm in agreement with Total E&P Bangladesh, a wholly owned subsidiary of France’s Total SA, to acquire a 30% interest in blocks 17 and 18 in Bangladesh. The agreement is subject to government approvals and consent from the other partners, Tullow Bangladesh Limited (32%), Okland Bangladesh Limited (4%) and...

agreement with a state controlled entity in India granting it exclusive long-term access to jatropha curcas seeds from already planted lands. The agreement will also provide access to additional land in the district to be planted with the jatropha crop over the next three years. The unidentified district authority has formed and will manage a...

aims to start up a one-MW photovoltaic (PV) generation station in Jeollabuk-do in South Korea in June. The company has established a subsidiary, Eurus Energy Korea Corporation (Seoul), to facilitate the development of its PV power generation business in Korea. The decision to invest in Jeollabuk-do came after the company had conducted surveys at a...

Coles have gouged an extra A$3.5 million from drivers in the last week of December, according to local market analysts ($1 = A$1.15). The oil majors abandoned what is termed their “weekly discount” cycle, resulting in the extra profits from the extra three Australian cents that they were charging, the analysts said. Gasoline prices, already...