(EnergyAsia, November 15 2012, Thursday) — The partners developing what could well be Australia’s largest coal deposits said they are pushing ahead with their multi-billion-dollar project dismissing reports that it faces significant delay from financing difficulties. India’s GVK Group, the majority owner in the Alpha coal project in Queensland state, said it has approved more (more…)

(EnergyAsia, November 15 2012, Thursday) — Slammed by lower coal prices, Thailand’s largest coal miner Banpu Plc has reported a third-quarter profit of 2.26 billion baht, down 46% from year-ago level and 17% lower from the previous quarter. (US$1=30 baht). The Bangkok-listed company, which produces coal in Thailand, Indonesia, Australia and China, expects no relief (more…)

(EnergyAsia, November 14 2012, Tuesday) — India’s Tata Power Company and Japan’s Idemitsu Kosan Co have acquired stakes in an Indonesian coal miner in separate deals Tata Power bought a 26% stake in Jakarta-listed PT Baramulti Sukses Sarana Tbk (BSSR) for an undisclosed sum while Idemitsu Kosan said it paid more than one billion yen (more…)

(EnergyAsia, November 12 2012, Monday) — Australia-listed Modun Resources said it has signed an agreement for trader Tennant Metals to market the thermal coal produced at its wholly owned Nuurst project in central Mongolia. According to Modun, Tennant will have exclusive rights to purchase all of Nuurst’s thermal coal available for export and at least (more…)

(EnergyAsia, November 12 2012, Monday) — US-based Yinfu Gold Corp said it has agreed to acquire a 51% interest in Singapore-based Hitric Resources (S) Pte Ltd which owns 80% rights of a coal mine in Tanah Bumbu in Indonesia’s South Kalimantan province. According to Yinfu, Hitric Resources was granted a seven-year exploration licence over a (more…)

(EnergyAsia, November 9 2012, Friday) — Foster Wheeler AG said a subsidiary of its Global Power Group has been awarded a contract by BHI Co Ltd to collaborate in the design of two supercritical pulverised coal (PC) fired steam generators in South Korea. The client, STX Electric Power Co Ltd (STXEP), is including the generators (more…)

(EnergyAsia, November 9 2012, Friday) — Hong Kong-listed Sunshine Oilsands Ltd, which hopes to start oil production in Canada’s Alberta province in late 2013, said it has obtained conditional approval for a secondary listing on the Toronto Stock Exchange (TXS). The company, which intends to maintain its primary listing in Hong Kong, said it will (more…)

(EnergyAsia, November 8 2012, Thursday) — Prophecy Coal Corp, a Canadian company which is developing coal and power projects in Mongolia, said it has appointed Jeffrey Mason as chief financial officer and Samir Devendra Patel as corporate secretary. The Vancouver, British Columbia-based company described Mr Mason as a chartered accountant with over 20 years’ experience (more…)

(EnergyAsia, November 8 2012, Thursday) — An international consortium led by Japananese trading house Marubeni has started commercial operation of a 660MW Cirebon coal-fired power plant on Indonesia’s Java Island. The US$850-million plant in West Java will supply electricity to Bali and Java for 30 years, said Marubeni, which owns a 32.5% stake in the (more…)

(EnergyAsia, November 7 2012, Wednesday) — Weighed down by slower demand in China, Indonesia’s Adaro Energy said its coal production fell 4% for the first nine months of this year, causing net revenue to fall 5.8%. Indonesia’s second biggest coal miner said it produced 33.9 million tonnes during the period compared to 35.3 million tonnes (more…)

(EnergyAsia, November 6 2012, Tuesday) — Japan’s Mitsubishi Heavy Industries Ltd (MHI) said it has received an order to supply equipment including a steam turbine and boiler to be installed in the 330MW Unit 2 of the O Mon 1 coal-fired thermal power plant now under construction in Vietnam. The equipment is being purchased by (more…)

(EnergyAsia, November 6 2012, Tuesday) — Mechel OAO, one of Russia’s leading mining and metals companies, said it has secured long-term agreements with Russia’s Sberbank to open four credit lines for a total of 24 billion rubles for one of its key subsidiaries. (US$1=32 ruble). The credit lines for Southern Kuzbass Coal Company OAO are (more…)

(EnergyAsia, November 6 2012, Tuesday) — Ministers of the 10 Central Asia Regional Economic Cooperation (CAREC) programme nations have agreed on a plan to implement more than US$23 billion in new regional transport infrastructure projects along with energy and trade initiatives. Meeting in the Chinese city of Wuhan last week, the group will work on (more…)

(EnergyAsia, November 5 2012, Monday) — The continued operation of Australia’s most polluting coal-fired power plants will slow the take-up of natural gas across the country, predicts carbon analytics firm RepuTex. Coal’s affordability and dominance will result in lower profitability for operators of natural gas-fired power plants, discouraging their transition to the use of the (more…)

(EnergyAsia, November 5 2012, Monday) — At least seven companies involved in the solar and renewable energy sector made major announcements at the Singapore International Energy Week (SIEW) which took place on October 22 to 25. Trina Solar, MEMC, Juwi, ReneSola, Saint-Gobain, GL Hassan and Yingli Solar issued statements related to their plans and operations (more…)

(EnergyAsia, November 2 2012, Friday) — Cambodians for Resource Revenue Transparency (CRRT) will host a one-day conference entitled, “Best Practices of Governance in Extractive Industries and Revenue Management,” at the Cambodiana Hotel in Phnom Penh today. The conference, attended by representatives from the Association of South East Asia Nations (ASEAN), will also include representatives of (more…)

(EnergyAsia, November 2 2012, Friday) — Puma Energy, a fast-growing global mid and downstream energy company, said it has completed the acquisition of Chevron Kuo Pte Ltd, a Singapore entity which owns 70% of Chevron Bitumen Vietnam Limited (CBVL). The new company will be called Puma Energy Bitumen Vietnam Ltd and its assets will be (more…)

(EnergyAsia, November 2 2012, Friday) — Conergy, a market leader in providing off-grid installations and solar energy solutions, said it has completed a 900 kilowatt peak stand-alone project for the Madhya Pradesh Forest Department (MPFD) in India. The German firm said it had been engaged by the MPFD to supply their ranger offices with clean (more…)

(EnergyAsia, November 1 2012, Wednesday) — UK’s BG Group said it has agreed to sell to China National Offshore Oil Corporation (CNOOC) some of its interests in the Queensland Curtis LNG (QCLNG) project in Australia for US$1.93 billion and additional liquefied natural gas (LNG) supply from its global portfolio. The agreements are expected to be (more…)

(EnergyAsia, November 1 2012, Wednesday) — Australia-listed Cougar Energy said it recently signed a memorandum of understanding (MOU) with Hulaan Coal Corp with the view to studying the potential of the Mongolia-focused miner’s coal assets for gasification development. Canadian-owned Hulaan owns a broad portfolio of thermal and potential coking coal assets in the landlocked Asian (more…)

(EnergyAsia, November 1 2012, Wednesday) — Many countries are turning to solar technology and renewable energy because of a need for alternative energy sources and environmental concerns. To help meet these needs, Norway’s DNV has developed SUNdy, a large-scale offshore solar field concept which was launched at last week’s SIEW event in Singapore. DNV said (more…)

(EnergyAsia, October 31 2012, Wednesday) — Shares of fabricating and engineering firm Triyards Holdings and Indonesian coal miner Geo Energy Resources Ltd have performed well since their trading debut on the Singapore Exchange less than two weeks ago. Triyards began trading on October 18 after it was spun off as a form of dividend by (more…)

(EnergyAsia, October 31 2012, Wednesday) — Amid the intensifying debate over the role of Chinese state-owned companies in Canada’s oil and gas sector, a  PetroChina subsidary has concluded an equal joint venture deal with TransCanada  Corp to build a C$3 billion oil pipeline in Alberta province. Phoenix Energy Holdings Ltd, the Canadian subsidiary of PetroChina (more…)

(EnergyAsia, October 30 2012, Tuesday) — Ezra Holdings, a Singapore-based provider of offshore oil and gas services, said its full-year net profit rose 62% to US$65 million with revenues surging 76% to a record US$984.2 million in its 20-year history. The company attributed the sharp rise in revenue for the year to August 2012 to (more…)

(EnergyAsia, October 29 2012, Monday) — Singapore will invest S$500 million to add a fourth tank to its liquefied natural gas (LNG) terminal by 2017, boosting the total storage capacity to nine million tonnes, said the country’s Second Trade and Industry Minister S. Iswaran. (US$1=S$1.22). The terminal is expected to start up in the second (more…)