Mainstream Names Asia-Pacific Head
Irish wind and solar projects developer Mainstream Renewable Power has appointed Raghuram Natarajan chief executive of its Asia-Pacific business."This key appointment to the Group’s Leadership Team, based out of its newly opened regional headquarters in Singapore, comes ahead of significant expansion plans for the region," said a press release.Natarajan brings a decade and a half of senior leadership experience in the wind and solar industry across India…
Oil Bleeds Jobs to Renewables Sector
Global oil sector has cut 200,000 jobs in downturn. Renewables are powering a rare bright spot in the energy industry, with record job hiring in solar, wind and hydro partly offsetting the biggest round of job losses in the oil and gas sector in almost two decades. The boom in new green jobs is being led by Asia where governments in countries such as China and India are embarking on massive programmes to use more renewable energy.
China-U.S. Climate Deal No 'Game-Changer'
China and the United States have outlined an eye-catching "common vision" to secure an ambitious global climate deal later this year, but experts say a centrepiece pledge by Beijing to establish a nationwide carbon market is no game-changer. In a joint statement made during President Xi Jinping's visit to the United States, China confirmed it would launch national cap-and-trade scheme in 2017, forcing big emitters to buy credits to meet CO2 reduction targets.
Noble Group Open to Shedding Core Business Units
Noble Group is open to selling its core businesses, its chief executive said, as Asia's biggest commodities trader pursues options to boost market confidence after a bruising accounting dispute. Yusuf Alireza told some 500 attendees at the Singapore-listed company's investor information day on Monday that Noble is evaluating a number of options both internally in terms of shutting down certain businesses, and externally such as working with banks and strategic investors.
New Online Learning Program for Subsea Engineers
Subsea UK has launched its new online learning program to support the development of new engineers and technicians entering the subsea sector and to develop graduates to become the next generation of engineers to help the UK’s $14 billion subsea sector achieve its global potential. The Introduction to Subsea Engineering course can be completed in around 60 hours, spread over eight weeks. Students will study a series…
Saudi Aramco CEO Named Chairman, Health Minister
Saudi King Salman appointed Saudi Aramco's chief executive as chairman of the state oil firm and health minister on Wednesday, in a reshuffle that is unlikely to change oil policy in the world's top crude exporter. A question mark remains, however, over who will replace Khalid al-Falih in the key CEO role at the national oil giant and whether his appointment as health minister means he is now out of the running to ultimately become oil minister.
Oil Dips after Saudi Royal Reshuffle
Oil prices slipped on Wednesday on oversupply after news that King Salman of Saudi Arabia had altered the kingdom's line of royal succession in a dramatic reshuffle. King Salman bin Abdulaziz sacked his younger half-brother as crown prince and appointed his nephew, deputy crown prince Mohammed bin Nayef, as the new heir apparent. He also appointed his son, Prince Mohammed bin Salman, as deputy crown prince, and made several other ministerial changes.
Joint Petroleum Development in South China Sea Makes Sense
Shared development of oil, gas and possibly other natural resources is the most promising option for reducing tensions in the South China Sea and should be the focus of efforts to improve diplomatic relations between China and its coastal neighbors. Joint development agreements (JDAs) are already common across Asia. Most of the countries with a disputed claim in the South China Sea have signed at least one joint agreement to explore for oil and gas…
