Archive | April, 2005

VIETNAM: Talisman signs petroleum contract for offshore Block 15-2/01

(EnergyAsia, April 29) — Talisman Vietnam 15-2/01 Ltd, a wholly-owned subsidiary of Canadian upstream company Talisman Energy Inc, and PetroVietnam Exploration and Production Company, a subsidiary of Vietnam Oil and Gas Corporation, have signed a petroleum contract for offshore Block 15-2/01 in Vietnam. Talisman Vietnam 15-2/01 Ltd has a 60% interest in the block with […]

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SINGAPORE: Oil rig business helps boost Keppel Corp’s profit 10.7% in first quarter

(EnergyAsia, April 29) — Singapore’s Keppel Corp said the strong performance from its oil-rig and property businesses helped raise its first quarter net profit by 10.7% to S$145 million from year-ago levels. (US$1=S$1.65). Revenue was up 27.8% to S$1.15 billion.             Subsidiary Keppel Offshore and Marine, which oversees the oil-rig business, secured a record level […]

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DUBAI: Fujairah to continue expanding bunkering port

(EnergyAsia, April 29) — Fujairah will continue to expand its bunkering services as its port operations grow boosted recently by the agreement signed between Fujairah’s Port Authority and Dubai Ports International.   “This agreement means Fujairah’s potential and competitiveness as a container port can be further developed so the port can keep up with its […]

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CHINA: Westport signs MOU with Beijing Tianhai Industry Co Ltd for natural gas tanks

(EnergyAsia, April 29) — Westport Innovations of Vancouver, Canada said it has signed a Memorandum of Understanding with China’s Beijing Tianhai Industry Co. Ltd. (BTIC) to jointly explore business opportunities to develop and market natural gas tanks for the transportation market. BTIC is a Sino-Korean cooperative company that has expertise in the design and manufacture […]

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NEW ZEALAND: Origin Energy says Kupe gas field reserves upgraded

(EnergyAsia, April 29) — Australian upstream company Origin Energy said that its Kupe joint venture has approved and adopted a reserves upgrade for the central field area of the Kupe gas and condensate field in PML38146 in the Taranaki Basin of New Zealand. The estimate of total proved-plus-probable (2P) hydrocarbons recoverable from the Farewell Formation […]

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AUSTRALIA: Caltex raises cost of clean fuels project by A$100 million to A$395 million

(EnergyAsia, April 29) — Caltex Australia told shareholders at this week’s annual general meeting that it has raised the cost of its ‘Clean Fuels Project’ involving the upgrade of its oil refinery to produce greener products by A$100 million to A$395 million. (US$1=A$1.3).   Its managing director Dave Reeves said Caltex will comply with the […]

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CONFERENCE: Trade and Energy Ministers to address global LNG gathering in Singapore

(EnergyAsia, April 29) — Vivian Balakrishnan, Singapore’s Second Minister for Trade and Industry, will officially open LNG Supplies for Asian Markets: New Challenges and Potential Opportunities in the East (LNGA 2005) at the Meritus Mandarin Singapore on May 12. A key speech by Purnomo Yusgiantoro, Indonesia’s Minister of Energy and Mineral Resources, will follow. Up […]

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