Petroleum industry
The Fujian oil refinery and ethylene joint venture project, a world-standard petrochemical integral project, has commenced in Quanzhou, a port city in East China's Fujian Province. The project is a joint effort between Fujian Refinery and Chemical Co., Ltd., Exxon Mobil (China) Petrochemical Co., Ltd., and Saudi Arabian
Petroleum industry
The planned investment by CITIC Resources Holdings Ltd in Thai Petrochemical Industry Pcl has been scrapped due to delays in a court ruling that cleared the way for the deal. CITIC Resources notified Thai Petrochemical shareholders of its withdrawal from talks on July 1, citing confusion in the market and
Petroleum industry
China's CNOOC Ltd has taken a proactive step in addressing concerns surrounding its planned acquisition of Unocal Corp by voluntarily requesting a review from the Committee on Foreign Investment in the United States (CFIUS). The move aims to alleviate doubts about the deal's commercial nature and
Energy industries
The Lao People's Democratic Republic has received a PHRD grant to conduct a study on ownership and benefit-sharing for the proposed 500 kV interconnection between China, Laos, and Thailand. The study aims to review and analyze available information on ownership, implementation, operation, and maintenance transactions in other regions
Energy industries
Shimizu Corp. has designed a innovative power supply system aimed at conserving energy in office buildings, plants, and other structures. The system allows multiple small-scale power sources, such as wind turbines and gas engines, to be linked together, potentially cutting power costs by 30%. This development is part of Shimizu&
Energy industries
The Lao People's Democratic Republic has received a PHRD grant to conduct a consulting services project for the Power Import and Export Study, aimed at reviewing and recommending adjustments to existing plans for the development of physical infrastructure for import and export of electricity. The study objectives include
Energy industries
The National Power Corporation (NPC) in the Philippines has received a loan from the Asian Development Bank (ADB) to fund the Electricity Market and Transmission Development Project. As part of this project, a tender has been issued for the supply and delivery of substation equipment for the Mindanao substation expansion.
Petroleum industry
China National Petroleum Corporation (CNPC) has absorbed China Huanqiu Contracting and Engineering Corporation (HQCEC), a move that is expected to enhance the oil producer's capabilities in oil refining and chemical engineering. The acquisition, which is subject to integration and transformation, aims to boost CNPC's international competitiveness
Petroleum industry
SK Telecom, South Korea's leading mobile phone network, is facing significant risks from additional government regulations, foreign stock ownership limits, and concerns about the health effects of radio signals emitted by mobile phones. The company, which controls over half of the country's 37 million wireless subscription
Petroleum industry
Indonesian president Susilo Bambang Yudhoyono's visit to US president George Bush last month marked a significant milestone in bilateral energy consultations, which had been suspended for eight years due to the Asian financial crisis. The talks aim to address obstacles to investment in Indonesia's oil and
Petroleum industry
Larsen and Toubro, a leading construction and engineering major, is seeking to strengthen its presence in the power, hydrocarbon, and infrastructure sectors in the Gulf Cooperation Council (GCC) region, specifically in Qatar. The company aims to establish a long-term partnership with local industries, leveraging its existing presence in Qatar and
Petroleum industry
Indonesia's exports showed a decrease in value in April, plummeting by 8.28% to $6.75 billion from the previous month's $7.36 billion. Despite this decline, Choiril Maksum, the Central Bureau of Statistics (BPS) chief, noted that exports in April 2005 saw a significant year-on-year
