THAILAND: Co-operation with Myanmar to develop Salween River dams project

(EnergyAsia, June 30) — Thailand and Myanmar are due to soon hammer out an agreement to cooperate on the joint development of electricity generation by damming the Salween River.   The joint development plan will benefit both countries as it would reduce their reliance on increasingly expensive fossil fuels and provide a much cheaper source...

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AUSTRALIA: Woodside widens options for US LNG exports

(EnergyAsia, June 30) — Australia’s Woodside Energy Ltd is considering additional options for supplying liquefied natural gas to North America after changing the relationship between a subsidiary company and Crystal Energy LLC over the development of a receiving terminal off California.             Subsidiary Woodside Energy (USA) Inc and Crystal Energy have agreed to end a...

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CHINA: BASF-YPC Co Ltd starts up petrochemical plant in Nanjing

(EnergyAsia, June 30) — BASF-YPC Co. Ltd., an equal joint venture between Germany’s BASF and China’s Sinopec, has started commercial production at a petrochemical steam cracker and nine downstream plants at its Nanjing, China site. In a statement, BASF said the 220-hectare site will produce 1.7 million metric tons of high-quality chemicals and polymers per...

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CHINA: Vopak starts development of sixth terminal

 (EnergyAsia, June 30) — Dutch oil and chemicals logistics firm Royal Vopak said it has reached agreement with the local authorities of Zhangzijagang in China’s Jiangsu province on the long-term lease of around 48 hectares of land to build a state-of-the-art chemicals storage terminal. The 200,000 cubic metres terminal will be sited inside the bonded...

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INDIA: IndianOil to supply Euro III gasoline

(EnergyAsia, June 30) — India’s first motor spirit quality (MSQ) upgrading unit has been commissioned at IndianOil’s Mathura Refinery with the first isomerisation unit starting up recently.   IndianOil said that with the commissioning of the isomerisation unit, the refinery has become the first in the country to produce gasoline of Euro III specifications.  ...

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INDIA: IOC interest boosts SPC share price to record level

(EnergyAsia, June 30) — The share price of Singapore Petroleum Corp has reached record high levels of more than S$5 following reports that Indian Oil Corp is interested to buy a 26.5% stake in the Singapore-listed integrated oil company. (US$1=S$1.67). “A financial investor with about 26.5 per cent equity stake in SPC is keen to...

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PEOPLE: Bangladesh’s investment chief named adviser to energy ministry

(EnergyAsia, June 30) — The Bangladeshi government has appointed Mahmudur Rahman as adviser to the Ministry of Energy and Mineral Resources in addition to his duties as the Executive Chairman of the Board of Investment (BoI).   Mr Rahman will be promoted from his civil service ranking as secretary to deputy minister.   “Mahmudur Rahman...

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SAUDI ARABIA: Foster Wheeler awarded project for Al-Khafji desalination unit

(EnergyAsia, June 30) — Nasdaq-listed engineering firm Foster Wheeler Ltd said its subsidiary, Foster Wheeler Italiana S.p.A, has been awarded a contract to provide process design services in conjunction with the installation of a new seawater desalination unit at the Khafji Joint Operations (KJO) Plant, at Al-Khafji in Saudi Arabia. The contract was awarded by...

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INDIA: Kochi LNG terminal cost now pegged at Rs21 billion

(EnergyAsia, June 30) — The project cost of the proposed liquefied natural gas (LNG) terminal in Kochi port in India’s Kerala state has been revised upward to Rs21 billion from the earlier estimate of Rs18 billion. (US$=Rs43).   The initial project cost estimate did not include additional cost of non-plant buildings, support facilities, project management...

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SINGAPORE: Ultra low sulphur diesel to be made mandatory from December 1

(EnergyAsia, June 30) — Singapore will further tighten the environmental specifications for diesel from December 1.             The National Environment Agency (NEA) said it will make compulsory the use of ultra low sulphur diesel (ULSD) to prepare the country to adopt Euro IV emission standards for diesel vehicles in October 2006. This new grade of...

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THAILAND: PEARL Energy provides update on its Gulf of Thailand exploration drilling programme

(EnergyAsia, June 29) — Singapore’s PEARL Energy Limited said it has completed its third delineation well in the Bussabong Production Area Application in the Block B 12/32 contract area in the Gulf of Thailand.   The Bussabong 8B delineation well was drilled to a total depth of 8,285 feet from a surface location approximately nine...

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MARKETS: RBC poll says a third of executives see oil prices rising to US$100/barrel by 2010

(EnergyAsia, June 29) — While oil prices are expected to remain high for the balance of the year – peaking at US$62/barrel — many North American executives and institutional investors believe that oil prices will fall back to US$35/barrel by 2010, according to a poll by investment bank RBC Capital Markets.   Canada-based RBC said...

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KAZAKHSTAN: PetroKazakhstan confirms it is in discussion to be bought out

(EnergyAsia, June 29) Ð Canada’s PetroKazakhstan Inc has confirmed media reports that it is in discussion with several companies to be taken over.   In a statement, PetroKazakhstan said that it has received approaches from “a number of different parties regarding a potential corporate transaction involving either an acquisition or a merger with the company....

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CHINA: US Vice President Cheney ‘vehemently’ opposed to CNOOC’s bid for Unocal

(EnergyAsia, June 29) — The New York-based Eurasia consulting group said that US conservatives led by Vice President Dick Cheney is working to thwart China’s CNOOC in its attempt to buy over US independent energy company Unocal.   In a brief comment, Eurasia said: “Hawks in President George W. Bush’s administration Ð particularly in Vice...

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CHINA: Sinopec building oil refinery, storage facility in Qingdao port

(EnergyAsia, June 29) — Sinopec and its joint venture partners have begun building a 10-million-ton oil refinery in Qingdao port city in East China’s Shandong province. Sinopec’s partners are state agencies Shandong Guotou and Qingdao Guoxin, reported the DZ Daily.   A Sinopec official told the news agency that the refinery will comprise 13 processing...

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PHILIPPINES: Shell opens CNG station in Tabanago

(EnergyAsia, June 29) — Pilipinas Shell Petroleum has opened the Philippine’s first compressed natural gas (CNG) refuelling station.   The station, located in Tabangao, Batangas comes in response to rising demand for cheaper and cleaner fuels. It also marks the first non-power use of natural gas from the country’s Malampaya gas field.   The station...

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KAZAKHSTAN: Malaysia’s Kazmirak in venture to build oil refineries

(EnergyAsia, June 29) — Malaysian oil and gas contractor Kazmirak Oil Sdn Bhd and Kazakhstan’s Nord-Oil have teamed up to build two 20,000 b/d oil refineries in Kazakhstan. The refineries, costing a total of US$300 million, will be located in Petropavlovsk and Kokshetau, according to the Malaysian Business Times (US$1 = RM3.80).   “This is...

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INDIA: France’s Total to set up lubricants plant

(EnergyAsia, June 29) — French energy major Total plans to establish a new lubricants facility in Mumbai on India’s east coast.   Indian media reports quoted Total CEO and managing director Thierrry Gautier as saying that his company wants to export lubricants to Sri Lanka from its Indian operations as part of its business strategy...

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CHINA: CNOOC calls for US review of Unocal takeover bid

(EnergyAsia, June 29) — CNOOC Limited said it welcomes a US security review of its unsolicited US$18.5 billion bid for Unocal in response to growing political tensions generated by the Chinese company’s attempt to buy over one of America’s largest independent oil and gas companies. Forty-one members of Congress supported by influential politicians in Washington...

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AUSTRALIA: Devon, Teikoku, Santos JV awarded Egyptian acreage

(EnergyAsia, June 29) — Australian upstream company Santos Limited said it has been awarded an exploration block in Egypt as part of a joint venture with the affiliates of Devon Energy Corporation and Teikoku Oil Company.   The joint venture, in which Santos has a 25% interest, has been awarded the onshore North Qarun Block...

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OMAN: JV agreements on oil tankers signed with Japan’s Mitsui OSK

(EnergyAsia, June 28) — Oman Shipping Company and Japan’s Mitsui OSK Lines Ltd have entered into an equal joint venture agreement to own two carriers of refined and crude oil products, according to the Oman News Agency (ONA).   Ahmed bin Abdul-Nabi Macki, chairman of Oman Shipping Company, signed the agreement while on an official...

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MALAYSIA: MayBan puts Tenaga Nasional Bhd on ‘hold’

(EnergyAsia, June 28) — MayBan Securities has placed a ‘hold’ rating on the stock of Malaysia’s power company Tenaga Nasional Berhad (TNB), which recently agreed to buy a 22.5% stake in TNB Coal International (TCIL) equivalent to 26.6 million shares. Upon completion of the deal, TNB will hold 92.5% interest in TCIL while individual Nik...

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MALAYSIA: UMW targets 15% growth in ’05, cites China investments

(EnergyAsia, June 28) Ð Malaysia’s UMW Oil and Gas Division is aiming to grow revenue by over 15% this year following its heavy investments in China over the past three years.   The company has invested more than RM200 million in China’s oil and gas sector and has successfully penetrated its pipe manufacturing, pipe coating,...

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INDIA: France’s Total said keen on refining investment

(EnergyAsia, June 28) — French energy major Total is considering investing in refinery projects in India and also wants to enter the country’s retail oil sector, India’s Financial Express reported.   Total would prefer investing in projects together with Indian oil firms, said Gary Jones, Total senior vice president for refining and marketing in Asia....

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CHINA: CNPC takes over engineering firm HQCEC

(EnergyAsia, June 28) — China National Petroleum Corporation (CNPC), China’s largest oil producer, said it has taken over engineering firm China Huanqiu Contracting and Engineering Corporation (HQCEC) to strengthen its position in the oil refining industry.             According to news wire Xinhuanet, HQCEC was under administration by the Assets Supervision and Administration Commission (SASAC).  ...

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