The Malaysian energy and water company, Ranhill Energy and Resources is planning to float on Kuala Lumpur stock exchange by the second quarter of 2013.
Philippine company Basic Energy Corp is reported to be on the verge of signing a USD2 billion deal to develop both renewable energy and oil and gas projects.
Unconventional gas is becoming big business across the Asia-Pacific as demand for natural gas grows throughout the region’s major industrialized nations, states a new report by business intelligence consultants GlobalData.
China's move to scrap the 40 percent tariff on coking coal exports and possibly lift the tariff on crude coal exports could affect the global coal market, according to the manager of a coal export company.
analysis of recent Chinese government data demand rose 9.1 percent year-over-year in November to 42.96 million tonnes, or an average 10.5 million barrels per day (bpd).
China will end its one-year-old control of thermal coal prices beginning January 1 as prices for coal have stabilized and demand balanced, a statement issued on Monday by the National Development and Reform Commission said.
Royal Dutch Shell has signed a deal with Sunwing Zitong Energy to acquire 100 percent of Sunwing's interest in the Zitong natural gas block in China's Sichuan province.
Hong Kong’s clean energy supply has been given a boost with the news that China's second west-to-east gas pipeline is ready to supply natural gas to the city, as branch lines linking Hong Kong with the pipeline went into operation this week.
News from the International Energy Agency (IEA) that coal will catch up with oil as the world's leading energy source by 2022 should come as no great surprise to readers of CleanBiz.Asia. It is nonetheless alarming.
The IEA’s Medium-Term Coal Market Report 2012 says that increased demand from India and China are fuelling the push.
Although the growth rate of coal slows from the breakneck pace of the last decade, global coal consumption by 2017 will stand at 4.32 billion tonnes of oil equivalent, versus around 4.40 billion tonnes for oil, based on IEA medium-term projections
With the completion of its long delayed and contentious acquisition of Nexen, China National Offshore Oil Corporation (CNOOC) will soon be in a position to deploy Canadian personnel and technology at home to help fuel China’s expanding economy and keep expensive imports in check.
With the USD15.1 billion purchase of Calgary-based Nexen – the largest overseas acquisition by a Chinese company – now approved by the Canadian government, CNOOC is that much closer to being able to draw on an estimated 14.5 billion barrels of oil-soaked tar sand
The Canadian government has approved a USD15.1 billion bid from China National Offshore Oil Corporation (Cnooc) to buy Nexen, a deal that highlights China’s worldwide pursuit of natural resources and energy assets.
Canadian Prime Minister Stephen Harper also announced the approval of Petroliam Nasional’s USD5.2 billion takeover of Progress Energy Resources.
China hopes its proven conventional natural gas reserves will rise by 3.5 trillion cubic meters (1.9 trillion cubic meters of which should be exploitable) by 2015, according to a new National Development and Reform Commission (NDRC) plan that has been approved by the State Council.
The industry development plan comes as China's appetite for natural gas has grown substantially with the country's industrialization and urbanization initiatives amid the government's efforts to cut carbon emissions.
With the funds transferred between economically developed nations and the developing world to support climate change mitigation and adaption well behind target – and one of the major issues at the UN COP18 talks in Doha – a new report has revealed that rich countries spend five times more on fossil-fuel subsidies than on climate aid.
In 2011, 22 industrialized nations paid USD58.7 billion in subsidies to the oil, coal and gas industries and to consumers of the fuels, compared with climate-aid flows of USD11.2 billion, according to calculations by the Washington-based campaign group Oil Change International.
The Asian Development Bank (ADB) has unsurprisingly concluded that Burma has a wealth of possibilities for power generation but lacks the money to exploit them.
With deadlines fast approaching, the Canadian government says it will unveil new policy guidelines on foreign investment. The new rules are expected to be released at about the same time it announces verdicts on two proposed foreign takeovers of domestic energy companies: a bid by China's CNOOC Ltd for Nexen Inc and Malaysia's Petronas buyout plans for Progress Energy Resources Corp.
Doha. Despite the evident energy, generosity and reasonable success of recent Qatari diplomatic efforts, their capital city remains synonymous with international diplomatic failure and national intransigence.
Eleven years ago the World Trade Organization (WTO) launched a new round of multinational negotiations for which there has been no agreement to date. The latest news headline on the WTO web page about The Doha Round says it all: “Chair reports no ‘no’ but also no ‘yes’ for farm talks proposal”.
China's largest energy conservation company has signed agreements with China National Petroleum Corporation (CNPC) and GE Oil & Gas to recycle waste heat created by the country's longest gas pipeline project, according to a statement co-released by the three companies.
In its wide-ranging global energy report released last week, the International Energy Agency (IEA) warned that large-scale energy projects will be threatened by water shortages in the near future.
The usual upbeat mood at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) has been overshadowed this week by the release Monday of the International Energy Agency's (IEA) World Energy Outlook which said that the US will overtake Saudi Arabia as the world's largest oil producer by 2020.
This report by the World Bank spells out what the world would be like if it warmed by 4 degrees Celsius, which is what scientists are nearly unanimously predicting by the end of the century, without serious policy changes.
Companies in Asia reveal expectations that regulations that could lead to rising costs for reporting and reducing GHG emissions will also be the main sources of climate-related business opportunities.
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