Technip Awarded Contract For a 800,000 Tons/Year Liquefied Natural Gas Plant in China

Technip has been awarded by Ningxia Hanas Natural Gas Company Ltd, a lump sum contract for of a mid-scale liquefied natural gas (LNG) plant to be built in Yinchuan, China. The contract covers the engineering, supply of main equipment, procurement and construction management services for facilities for natural gas pre-treatment, liquefaction, LNG storage and loading, utilities, offsites, buildings and... 

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Platts Top 250: The World’s Top Performing Energy Companies

Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific companies. Against a... 

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Asia-Pacific Surpassed North America As The World’s Primary Oil Consuming Region In 2007

Research and Markets has announced the addition of the “Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (August 2008)” report to their offering. This report updates the previous Asia-Pacific oil and gas report, focusing on the markets in Australia, China, India, Indonesia, Japan and South Korea Current Environment – Key Points - Crude oil prices rose 66% from... 

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Pacific Asia Petroleum, Inc.; James F. Link, Former Treasurer and Vice President of Finance

Pacific Asia Petroleum, Inc is reported to have announced today it has appointed James F. Link, to its Board of Directors, effective July 22, 2008. Mr. Link was the former Treasurer and Vice President of Finance and Risk Management of Texaco Inc. (now Chevron Corporation). Frank C. Ingriselli, Pacific Asia Petroleum, Inc. President and CEO, said “Jim’s leadership in finance and risk management... 

Castle Harlan Agrees to Sell AmeriCast for US$288 Million to Bradken

Castle Harlan, Inc., the New York private equity investment firm, announced that it had agreed to sell AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings, to Bradken Ltd., a leading publicly-traded Australian manufacturer of cast steel and other products, primarily for the mining and railroad industries, in a transaction valued at approximately... 

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Pacific Asia China Energy Inc. Completes Sale to Green Dragon Gas

PACIFIC ASIA CHINA ENERGY INC. announced the closing of the plan of arrangement under which Green Dragon Gas (“Green Dragon”), through its wholly-owned direct and indirect subsidiaries, GREKA China Ltd. and GREKA Acquisitions Ltd. (“GREKA”), acquired all of the Company’s outstanding shares at a price of CDN$0.35 per share in cash, for total cash proceeds of approximately... 

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Plant to Optimize Coal Reserves to Meet China’s Growing Need for Clean Transportation Fuels and Chemical Feedstocks

Synthesis Energy Systems Investments, Inc., a subsidiary of Synthesis Energy Systems, Inc. (“SES” or the “Company”) (OTC: SYMX), a coal gasification company involved in the conversion of low cost fuels into clean energy and chemical products, and Inner Mongolia Golden Concord (Xilinhot) Energy Co., Ltd., a subsidiary of Golden Concord Holdings Ltd. (“Golden Concord”),... 

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Chinese steel companies seek stakes in Australian iron ore projects

Baosteel Group, China’s largest steelmaker, and a rival, Wuhan Iron & Steel Group, are seeking to invest in iron ore projects in Australia to secure supplies to meet rising demand. “We are looking closely at potential iron ore projects,” Zhang Yong, Baosteel’s Australian investment manager, said in an interview before a mining conference that started Tuesday in Perth. Wuhan... 

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Australia’s Trade Gap Narrows on Beef, Coal Exports

Australia’s trade deficit narrowed in November on increased beef and coal shipments, signaling exports may drive growth in the Asia-Pacific region’s fifth- largest economy. The trade shortfall narrowed to A$843 million ($657 million) from A$1.51 billion in October, the Bureau of Statistics said in Sydney today. The median estimate in a Bloomberg News survey of 19 economists was A$775 million.... 

Asian Stocks Drop to Five-Week Low; BHP, Nippon Mining Decline

Asian stocks fell to a five-week low, led by BHP Billiton, Nippon Mining Holdings Inc. and PetroChina CO., on concern copper and crude oil will extend declines amid signs of cooling demand in the U.S., Japan and China. “The outlook for global growth still doesn’t bode well for commodities demand,” said Angus Gluskie, who helps manage $270 million at White Funds Management in Sydney....