INDIA: ONGC and Mittal Steel to jointly source for oil and gas

(EnergyAsia, July 29) — India’s ONGC Group has established two overseas joint venture companies with Mittal Steel, the world’s largest steel group, to own, explore and develop oil and gas resources. They signed an MoU on July 23 establishing the companies in an unnamed European Union country for tax management purposes.    One of the...

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SINGAPORE: PowerSeraya adopts SPL Customer Care & Billing system in preparation for full retail cont

(EnergyAsia, July 29) — SPL WorldGroup, a leading provider of mission-critical software solutions for the global utility market, said it has been selected by Singapore’s PowerSeraya Ltd to provide customer care and billing as the company gears up for full market deregulation and contestability over the next three years.   As a major power generation...

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VIETNAM: Plans to raise oil storage to meet rising domestic consumption

(EnergyAsia, July 29) — Vietnam plans to raise its oil stockpile from 15 days of consumption now to 45 days by 2015, according to the Vietnam News Service.   The stockpile will include both refined products and crude oil to be stored in vessels, land tanks and underground tanks, as well as in depleted oil...

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IRAQ: Iran’s special envoy optimistic about ties, Iraq’s future

(EnergyAsia, July 29) — Iran is optimistic of Iraq’s future and believes economic and political ties will blossom between the two neighbours, said Mohammad Ali Asghar Khaji, the Iranian special envoy to Iraq. He said there were “positive” developments as a result of meetings between Iranian and Iraqi officials during the recent trip of the...

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INDONESIA: VP Kalla says fuel crisis not fault of Pertamina or Energy Ministry

(EnergyAsia, July 29) — Indonesian vice-president Jusuf Kalla has defended the Energy Ministry and state oil and gas firm Pertamina from blame for the country’s worsening fuel shortage crisis.   He told news agency Antara that the fuel shortage has its roots in global oil supply problems.   He said: “The sudden oil price hikes...

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INDONESIA: Pertamina starts cutting premium gasoline supplies in major cities

(EnergyAsia, July 29) — Indonesian state oil and gas firm Pertamina has begun cutting supplies of premium gasoline by 5% in major cities, including Jakarta and Surabaya.   The company said that the cutbacks are “on a trial basis” and are meant to bring the country’s fuel consumption in line with government quotas, forcing the...

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INDONESIA: Pertamina seeks Sinopec’s help to build proposed Tuban refinery

(EnergyAsia, July 29) — Indonesia’s financially strapped state oil and gas company PT Pertamina will seek the support of China Petroleum & Chemical Corp (Sinopec) to build the country’s 10th oil refinery in Tuban, East Java, according to the Jakarta Post. The refinery will have a processing capacity of between 150,000 and 200,000 barrels of...

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INDONESIA: Gas distributor PGN doubles volume to Singapore

(EnergyAsia, July 290 — Indonesia’s state gas distribution company Perusahaan Gas Negara said it has more than doubled its gas sales volume to Singapore in the first half of the year.   In a statement, PGN said that the gas transmission to Singapore increased sharply from 99.3 million standard cubic feet/day (MMSCFD) in January 2005...

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EMISSIONS: Taiwan’s semiconductor industry to measure and reduce greenhouse gas emissions

(EnergyAsia, July 29) — Taiwan’s semiconductor industry has signed a memorandum of understanding (MOU) with the Environmental Protection Administration (EPA) to measure and reduce emissions of greenhouse gases in their manufacturing processes.   According to the Taipei Times, EPA Minister Chang Kwo-lung signed the MOU with Frank Huang, the chairman of the Taiwan Semiconductor Industrial...

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EMISSIONS: New Zealand’s greenhouse gas output up sharply since 1990

New Zealand’s output of greenhouse gas from energy generation has been rising rapidly since 1990, according to the country’s Press news service.   At current rates, New Zealand could be stuck with a bill of between NZ$500 million and NZ$1.2 billion if it fails to reduce greenhouse gases in line with its Kyoto Protocol commitments....

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CONFERENCE: Energy issues to be discussed for the first time at Singapore’s Global Entrepolis event

(EnergyAsia, July 28) — The energy needs of India and China will be discussed at this year’s Global Entrepolis gathering in Singapore, the first time that energy issues will be featured.   More than 10,000 local and foreign business participants, including entrepreneurs, innovators and venture capitalists, are expected to converge for the third year running...

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AUSTRALIA: Canberra unveiled A$160 million boost to offshore petroleum exploration

(EnergyAsia, July 28) — The Australian government has predicted that the award of eight new offshore petroleum exploration permits in waters off Western Australia and Tasmania will see an additional A$160 million invested in offshore exploration over the next six years.             In a statement, Federal Industry Minister Ian Macfarlane said the new permits are...

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CLIMATE CHANGE: Greenland glacier almost triples speed in less than two decades, confirming accelera

(EnergyAsia, July 28) — Independent scientists on board the Greenpeace ship Arctic Sunrise last week discovered that a Greenland glacier has accelerated in the past nine years, exceeding all expectations, and has now become one of the fastest moving glaciers in the world, reported Greenpeace. These observations validate predictions of the response of Greenland glaciers...

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INDIA: Mangalore Refinery reports doubling of quarter’s net profit

(EnergyAsia, July 28) — Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of India’s ONGC, has reported a net profit of Rs2.16 billion in the April-June quarter, up 93% from the same period last year. (US$1=Rs45).             MRPL reported a gross turnover of Rs66.06 billion compared with Rs46.58 billion for the same period last year....

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INDONESIA: Apexindo to market and operate SeaDrill’s offshore fleet

(EnergyAsia, July 28) — PT Apexindo Pratama Duta Tbk, the largest Indonesian oil and gas drilling company, said it has signed a memorandum of understanding with SeaDrill Limited for the use of Apexindo’s services to market and operate SeaDrill’s offshore rigs in the Middle East and Asia, with main focus on the Indonesian market.  ...

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KOREA: SK Corp starts commercialisation of Brazilian offshore field

(EnergyAsia, July 28) — Korea’s SK Corporation said it plans to proceed with development of block BM-C-8 off the coast of Brazil in which SK Corporation holds a 40% interest. Devon, the field’s operator, has the remaining 60% working interest.   Since the concession was awarded in September, 2000, the BMC-8 partners have drilled three...

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MALAYSIA: Gas Malaysia expands capacity to meet growing demand

(EnergyAsia, July 28) — Gas Malaysia Sdn Bhd is investing RM220 million this year on new infrastructure to meet growing gas demand from businesses which are switching over from oil. The infrastructure covers an additional 120 km of pipelines to the existing network of 1,200 km, pumping stations and gas relay systems.   CEO Muhamad...

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MALAYSIA: Siemens Power opens regional business centre in Kuala Lumpur

(EnergyAsia, July 28) — Siemens Power Generation, the energy division of global conglomerate Siemens AG, has opened a regional business centre (RBC) in Kuala Lumpur, Malaysia. Together its two other RBCs in Houston, Texas, and London, the company aims to double its global revenue.             The Kuala Lumpur centre will look after its businesses in...

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NEW ZEALAND: Energy import bill seen rising sharply

(EnergyAsia, July 28) — New Zealand could face a bill of NZ$8 billion for imported oil and gas if discoveries are not made in the next few years, predicts energy analyst Chris Stone. (US$1=NZ$1.35). Mr Stone, an energy specialist and director of brokers McDouall Stuart, told the New Zealand Press that Wellington must consider tax...

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THAILAND: PTT signs agreement to supply natural gas to Nam Phong power plant

(EnergyAsia, July 28) — Thailand’s PTT Plc has signed an agreement to purchase natural gas from a consortium comprising Amerada Hess (Thailand) Ltd, APICO LLC, ExxonMobil Exploration and Production Khorat Inc and PTT Exploration and Production Plc. The natural gas, sourced from the Phu Horm field, will be used to fuel the Nam Phong Power Plant operated by state utility...

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EMISSIONS: BP wants government funds to reduce greenhouse gas emissions

BP has called on the UK government to provide funds to help oil companies reduce their greenhouse gas emissions.   Lord Browne said BP is developing emissions reduction technology including “carbon capture”, and needed subsidies to make the project work.   Carbon capture describes a method of collecting carbon dioxide gas emanating from power stations...

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SAUDI ARABIA: SABIC reports SR9.84 billion net profit for 1st half 2005

(EnergyAsia, July 27) — Saudi Basic Industries Corporation (SABIC) said its first half 2005 net profits jumped 84% to SR 9.84 billion (US$2.6 billion) over the same period last year. Its second quarter profits were SR 4.76 billion (US$1.3 billion) compared to SR 5 billion (US$1.35 billion) profits in the first quarter.   SABIC vice...

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CHINA: Beijing to start filling Zhejiang SPR in the fourth quarter

(EnergyAsia, July 27) — China will start filling its first strategic petroleum reserves, a 16-tank facility in Zhenahi, Zhejiang province in the fourth quarter, according to China View.             Officials with the Zhenhai Strategic Oil Reserve Administration in east China’s Zhejiang province were quoted as saying that construction at the facility will be completed by...

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CHINA: CESV announce design patents to protect the IP of nine energy saving products

(EnergyAsia, July 27) — Nasdaq-listed China Energy Savings Technology, Inc said it has filed applications for patents on July 13 to cover the outlook design of its nine energy-savings products. These are Light savers, Single-phase sewing machine saver, Three-phase Sewing Machine saver, Indoor Florescent Light Saver, General Saver Protector, Florescent Light Saver V-100, Higher-power Intelligence...

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INDONESIA: LNG earnings at more than US$10 billion last yeari

(EnergyAsia, July 27) — Indonesia earned around 100 trillion rupiah (US$1=9,600 rupiah) from exporting liquefied natural gas (LNG) last year, Antara news agency reported.   According to Antara, Energy and Mineral Resources Minister Purnomo Yusgiantoro predicted those earnings will continue to grow in line with rising oil and gas prices caused by strong demand from...

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