Archive | November, 2002

CHINA: Yokogawa wins US$50m fieldbus project

Japan’s Yokogawa Electric Corporation said it has been selected by the joint venture company, CNOOC and Shell Petrochemicals Company Limited (CSPC), to provide the main automation contract for its petrochemical project in Nanhai in Guangdong province in China. Yokogawa’s contract is worth around US$50 million. CSPC is a joint venture between Shell Nanhai Limited (50%), […]

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THAILAND: Ratchaburi Electricity Q3 net profit lower vs Q2 due to 26-day plant closure

BANGKOK (AFX-ASIA) – Ratchaburi Electricity Generating Holding Plc’s third quarter net profit was lower against the previous three months due to a 26-day closure at one of its plants for inspection, managing director Boonchoo Direksathapon said. The company reported that its third quarter net profit fell to 1.09 billion baht from 1.25 billion in the […]

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AUSTRALIA: Northern Territory government continues push for bringing Timor Sea gas onshore

Australia’s Northern Territory state government is determined to jumpstart its economy by pushing for bringing onshore gas from the Timor Sea. Chief Minister Clare Martin said landing the gas from the Sunrise field as opposed to building a floating liquefied natural gas terminal would maximise jobs and business opportunities in the state. “The floating LNG […]

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AUSTRALIA: CSIRO says big greenhouse savings possible locally

Australian local government and industry can make major inroads into the nation’s greenhouse gas output and energy efficiency by generating electricity on-site, say researchers from CSIRO Energy Technology. The use of microturbines will enable offices, factories and workplaces to generate their own electricity from natural gas and cut losses and greenhouse emissions significantly, the researchers […]

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TANKERS: Fortum orders two tankers worth about 50 million euro from China’s Jinling Shipyard

HELSINKI (AFX) – Fortum Corp said it has ordered two super ice class tankers in an order worth about 50 million euro from Jinling Shipyard in China. (US$1=1.01 euro) Fortum’s spokesman, Markus Karjalainen, declined to reveal any details, but said the price of such a tanker is “in the mid-20 million euro area.” The two […]

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PHILIPPINES: Unocal Corp Philippine unit considering Palawan oil/gas exploration

MANILA (AFX-ASIA) – Unocal Corp’s Philippine subsidiary Unocal Sulu Ltd said it is considering oil and gas exploration prospects off Palawan island. Unocal Sulu said it had signed an agreement with a Filipino exploration consortium and Nido Petroleum to conduct a phased study, which intends to develop Palawan’s Galoc field if results show it is […]

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