Energy Development

Rongsheng eyes US$800m deal to construct oil rigs

China Rongsheng Heavy Industries is set to make its first foray into the offshore-rig-building market with a deal potentially worth up to US$800 million from a Singapore-based company.

Saturday, 12 May, 2012, 12:00am

We need to save more energy

I read about a new solar power station in Spain that can provide electricity 24 hours a day. It works day and night. It is the first solar power station that can do this.

In addition, the station generates far more electricity than earlier models. Yet because of our great electricity needs, even thousands of such stations would not be enough.

4 Apr 2012 - 12:00am

Power 2.0 pulls plug on cables

Wireless gadgets are built on a big lie. Smartphones, game consoles, laptops and tablets are fast making homes hotspots where Wi-fi rules, and within a generation virtually every appliance could be networked and exchanging data, but all these gadgets and gear still need power.

16 Mar 2012 - 12:00am

Guiding light

If the damp squibs that were the Copenhagen and Durban conferences have told us anything, it is that the threat of environmental catastrophe is not enough to spur energy reform. But however much politicians may debate the trade-offs between reform and economic inconvenience, change is likely to be forced on us before long.

13 Jan 2012 - 12:00am

Trade disputes point to an industry in over-reach

Recent trade and legal disputes between Chinese and American solar and wind power equipment makers have created headlines for various reasons, but a common thread linking them is the mismatch between overzealous investment in new production capacity by project developers and lagging government support for the consumption of expensive renewable energy.

31 Dec 2011 - 12:00am

Firms 'wasting' billions on energy

A clear energy-conservation policy should be drawn up for the city's commercial sector, following the release of a new index indicating the sector wasted up to 40 per cent more energy and HK$7 billion in the past two decades, a green group says.

2 Dec 2011 - 12:00am

A green subsidy that's good for the economy

Recently, the International Energy Agency (IEA) released its report on the state of energy in the world. It said the growth of renewable energy will depend on subsidies rising from US$64 billion in 2010 to an estimated US$250 billion in 2035, a lifeline that cannot be taken for granted in this time of fiscal austerity.

16 Nov 2011 - 12:00am

Asian power

Energy powers our industrial development, urbanisation and other necessary functions. In other words, it permits the progress of human civilisation and is the essential lifeblood of modern human society. Therefore, energy has to be secured for all people.

14 Oct 2011 - 12:00am

Environmentalist warns of oil-crunch crisis

Companies and governments are hoarding oil and coal and risking creating a 'carbon-asset bubble' - which when it bursts will destabilise economies worldwide on the same scale as the global financial crisis.

1 Oct 2011 - 12:00am

letters

We need to get ready for challenges

Today's children are growing up in a technological world and most of them can get what they want easily.

In the 1970s and 80s, however, children grew up in a different world. Most of them did not have access to new gadgets, as we do. Yet I don't think that means we are necessarily better off than them.

19 Sep 2011 - 12:00am

letters

Dozing off while others speak is rude

Many young people in Hong Kong behave disrespectfully. They carry on chatting while teachers or public speakers are talking. Some even doze off.

That's just rude. It is a sign of respect to pay attention to people, even if you may not find what they are saying very interesting.

7 Sep 2011 - 12:00am

Cosl writes down value of its Libyan oil assets

China Oilfield Services (Cosl), the nation's dominant offshore drilling services provider, has written down the value of its Libyan assets by 14 per cent to account for potential impairments due to civil war, citing accounting prudence.

25 Aug 2011 - 12:00am

Can Asia keep its lights on without nuclear energy?

Japanese Prime Minister Naoto Kan's call this month for an end to Japan's nuclear energy programme followed a similar pledge made by German Chancellor Angela Merkel. Before the triple tragedy that struck Japan on March 11 and consequent problems with the Fukushima nuclear reactors, such decisions would have been unimaginable.

26 Jul 2011 - 12:00am

Profits pay for green moves

However they phrase it and whatever the scope, major companies now accept their duty as corporate citizens to improve the communities in which they operate.

They know too, though, that their responsibility to shareholders and business partners still comes first.

22 Jul 2011 - 12:00am

We all need to consume a lot less

Hongkongers need to realise the danger of using all the world's resources and the threat of global warming.

While the city has made great strides in developing economically, the problem is we are all consuming a lot more natural resources.

27 May 2011 - 12:00am

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