Category: Asia

CEO: Lukoil looking to expand Asian business

The chief executive of Russia’s Lukoil said Monday the oil giant is looking for Chinese partners as it tries to expand its business in East Asia.  More »

Ex-US regulator: Fukushima cleanup complicated

A former U.S. nuclear regulator says cleaning up Japan’s wrecked Fukushima plant is a bigger challenge than the work he led at Three Mile Island and that ongoing radioactive water leaks are a minor part of that task.  More »

China to double power capacity by 2030, led by renewables

China’s power generation capacity is expected to double by 2030, with renewable energy making up more than half the new plants, according to a study released Tuesday by Bloomberg New Energy Finance.  More »

China’s new leaders exert control over oil company

China’s new leaders are asserting their authority over the country’s oil giant with a corruption investigation that has netted five former and current top oil executives, including the latest — the former chairman of the company.  More »

China investigates 3 more oil company officials

China’s new leader, Xi Jinping, has pledged to crack down on corruption and government waste.  More »

EIA: United States will fall from world’s top oil importer this year

China’s economic growth has moved it into position to surpass the United States as the top oil importer by October, the agency forecasts.  More »

BHP to expand in US shale on forecast of surging global demand

BHP Billiton Ltd. (BHP), the world’s biggest mining company, signaled it will expand in the shale oil and gas industry in the U.S., forecasting global commodity demand will jump 75 percent over the next 15 years.  More »

Commentary: Considering the conundrum in China

The key takeaway is that China is willing to accept a slowdown in the near term, dealing with its growing pains and promoting structural reform rather than trying to stimulate its way out of its current predicament.  More »

Thai oil spill spreads to new bay on resort island

Progress was being made on cleaning the oil that washed into Prao Bay on the west coast of Samet Island in Thailand, though not fast enough, as the oil slick continued to spread three days after leaking from a nearby pipeline.  More »

Agency projects 50% rise in world energy demand by 2040

Growth in the developing world will increased global energy consumption by 50 percent in the next three decades, and fossil fuels will continue to dominate the energy picture.  More »

Chinese Oil Companies Move Up on Fortune Global 500

For almost 15 years we have been beating the drum of the importance of the oil business for the world, a far cry from peak oil and the cacophony of climate change nonsense. Chinese demand for oil and gas has provided and continues to provide an additional accent. It is moving towards the domination of the oil business and commerce. Chinese oil companies have obliged and filled a void in that country and they have influenced the oil business in hitherto unthinkable ways. More than $200 billion have been invested by Chinese oil companies to buy oil and gas properties throughout the world.  More »

Guest commentary: Pipeline wars or pipe dreams?

Aviezer Tucker, assistant director of the Energy Institute at the University of Texas in Austin, says today’s Eurasian pipeline wars are quickly becoming obsolete because of U.S. shale and new economic and technological realities.  More »

Indonesia steps toward fuel hike amid protests

Indonesia’s Parliament voted to approve a budget package on Monday that lays the groundwork for the slashing of government fuel subsidies, as police fired tear gas and water cannons outside to disperse hundreds of angry protesters.  More »

Asia’s largest solar-thermal power plant launches (photos)

Godawari Power & Ispat Ltd. has started Asia’s biggest solar-thermal plant, but analysts say its too soon to declare the project a success.  More »

Shell eyeing investment in LNG import terminal in China

Royal Dutch Shell is looking at investing in a liquefied natural gas import terminal in east China, the company said Thursday.  More »