TAIWAN: EPA to enforce recycling of waste cooking oil as a prelude to promoting biodiesel

(EnergyAsia, September 30) — Taiwan’s Environmental Protection Administration (EPA) will move to enforce recycling of waste cooking oils from next year, and will stipulate fines of between NT$1,200 and NT$5,000 for those caught mixing waste cooking oils with garbage. (US$1=NT$33).   According to Taiwan News, the move is aimed at encouraging companies to convert waste...

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AUSTRALIA: Antares Energy to participate in a “large multi-prospect” gas project in South

(EnergyAsia, September 30) — Australia’s Antares Energy has agreed to participate in six gas prospects on a 10,000 acre lease in Kenedy County in Texas, US. Individual prospects are mapped using 3D seismic and have estimated reserve potential ranging from 38-225 billion cubic feet (BCF).   The primary objectives for these prospects are Lower Frio...

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BIOFUELS: India’s ONGC aims to produce biofuels at its new refineries

(EnergyAsia, September 30) — India’s largest oil producer, Oil and Natural Gas Corporation (ONGC), is planning to venture into biofuels production at two of its proposed refineries. Chairman Subir Raha said he plans to include biofuels production units at its proposed oil refineries in the states of Andhra Pradesh and Rajasthan. He said he will...

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EMISSIONS: Greenpeace points out limits of carbon capture and storage in combating climate change

(EnergyAsia, September 30) — Greenpeace said it welcomes a Special Report on Carbon Capture and Storage (CCS) from the Intergovernmental Panel on Climate Change (IPCC) calling it a long awaited clarification of the limits of the technology as a means to combat climate change. The report, which studies the options for capturing carbon dioxide from...

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INDIA: IndianOil Corp provides update at its 46th AGM

(EnergyAsia, September 30) — IndianOil Corp chairman S. Behuria provided the following update of the company’s activities at its recent 46th Annual General Meeting in Mumbai, India.   “The year 2004-05 proved to be a cataclysmic year for major oil importing nations like India. Growing demand, a turbulent supply market, lack of spare production capacity...

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INDIA: Reliance Industry to invest US$5.7 billion to expand Jamnagar oil refinery capacity

(EnergyAsia, September 30) — India’s largest private company Reliance Industries is targeting the US and EU as new export markets as it invests about $5.7 billion to nearly double its Jamnagar refinery capacity to 60 million tonnes per year. The expanded plant is expected to be ready by March 2009, making the plant one of...

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INDONESIA: Government sets up committee to investigate crude oil smuggling case

(EnergyAsia, September 30) — Indonesia’s House of Representatives (DPR) has appointed a committee to investigate a recent smuggling case involving 6,000 tons of crude oil from the Lawe-lawe oil terminal in East Kalimantan Province.   Announcing the appointment, the chief of the House’s Commission VII Agusman Effendi said it would try to identify those responsible...

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JAPAN: Government loans for companies hurt by high oil price

(EnergyAsia, September 30) — Small and medium-sized enterprises in Japan hurt by rising oil prices can apply for safety-net loans from government-linked financial institutions, the Ministry of Economy, Trade and Industry said. According to the Japan Times, businesses must prove that their sales have fallen by more than 10% from year-ago levels and meet other...

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MALAYSIA: Dialog and Shen Yiping sign shareholders’ agreement

(EnergyAsia, September 30) — Malaysian engineering company Dialog Group Berhad said its wholly-owned subsidiary, Dialog Labuan Ltd, (DLL) has entered into a shareholders’ agreement with a US-based geologist, Shen Yiping, to set up a joint venture company under the laws of Hong Kong to tackle China’s oil, gas and petrochemical markets.   The JV company...

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SINGAPORE: Speech by Singapore Exchange President on its over-the-counter (OTC) clearing service

(EnergyAsia, September 30) — Singapore Exchange (SGX) President Ang Swee Tian spoke on the over-the-counter clearing (OTC) service for commodities trade at its special lunch for oil traders. “In June, we announced plans to develop a clearing facility for OTC traded energy derivatives and FFAs market. This strategic initiative was taken in response to market...

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CONFERENCE: Chemical and oil pollution conference and exhibition in Singapore focus on opportunities

(EnergyAsia, September 29) — The International Chemical and Oil Pollution Conference and Exhibition (ICOPCE) 2005 being held at the Shangri-La Hotel in Singapore from September 29-30 will examine opportunities and challenges in the oil, gas and petrochemical industries.             The event was officially opened by Yeo Cheow Tong, Singapore’s Minister for Transport, who also delivered...

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SINGAPORE: Tuas Power increases generation capacity to 2,670 MW with additional combined cycle power

(EnergyAsia, September 29) — Tuas Power Ltd, a wholly-owned subsidiary of Singapore’s Temasek Holdings, has increased its generation capacity from the current 1,935 MW to its full licensed capacity of 2,670 MW with the completion of Blocks 3 and 4 of its four-block combined cycle power plant (CCP) development. The increased capacity is expected to...

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CHINA: Dow Corning admitted as member of China Petroleum And Chemical Industry Association

(EnergyAsia, September 29) — US company Dow Corning said it has been accepted as a member of the 250-member China Petroleum and Chemical Industry Association (CPCIA), the leading association focused on business issues related to China’s oil and chemical industries.   As one of only a few foreign CPCIA members, Dow Corning expects its membership...

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CHINA: Sinopec to build a 100,000 cubic metre oil storage depot in Suzhou

(EnergyAsia, September 29) — China’s state-owned energy company Sinopec plans to build a 100,000 cubic metre oil storage depot in Suzhou city in the northeastern province of Jiangsu province. The facility will help serve the oil needs of consumers in the province, an official with Sinopec’s Suzhou Branch told Interfax agency.   “The project is...

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INDIA: Five international consultants bidding to work on proposed IranÐIndia gas pipeline

(EnergyAsia, September 29) — Five international firms participated in the pre-bid meet called by GAIL for the appointment of a technical consultant to carry out the pre-feasibility study for the proposed IranÐPakistan-India gas pipeline project. The study is due to be completed by mid December.   The companies include Snamprogetti of Italy, Technip of Germany,...

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INDONESIA: Political unrest expected as protests spread over proposed oil price hike

(EnergyAsia, September 29) — Police are out in force in many Indonesian cities to curb widespread protests and political unrest arising from the government’s proposal to raise fuel prices and reduce subsidies from October 1. Fuel subsidies now cost Indonesia $1.3 billion a month, a sum it can hardly afford but one that is expected...

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MALAYSIA: New owner KIC to raise Westport terminal’s fuel oil throughput to 160,000 tonnes from 60,0

(EnergyAsia, September 29) — Malaysian oil trading and logistics group KIC Oil Terminals Sdn Bhd (KIC) is beefing up its capacity to become a player in Southeast Asia’s oil supply chain. From next month, it plans to trade and supply 160,000 cubic metre of fuel oil per month from its newly acquired Westport terminal in Klang...

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SINGAPORE: Ezra Holdings adds two more AHTS vessel orders for 2007 delivery

(EnergyAsia, September 29) — Singapore’s Ezra Holdings Ltd, through wholly-owned Lewek Shipping Pte Ltd, has placed orders for the building of two new multipurpose anchor handling, towing and supply vessels (AHTS) for US$15.29 million, excluding the cost of certain owner furnished equipment.   The two 65-metre 7,300 brake horsepower AHTS will be delivered by end-2006....

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CHINA: Construction work starts on W’rtsil”s joint venture generating set factory in Shanghai

(EnergyAsia, September 29) — Finland’s Wartsila said it has begun construction on its joint venture generating set factory with Shanghai Marine Diesel Engine Research Institute (SMDERI) in Shanghai, China’s main commercial city. SMDERI is a subsidiary company of the China Shipbuilding Industry Corporation (CSIC). The new JV firm, W’rtsil’ Qiyao Diesel Company Ltd (Shanghai), will...

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VIETNAM: Government approves Petrolimex JV to build oil storage terminal

(EnergyAsia, September 28) — The Vietnamese government has approved the establishment of a joint-venture company to build the Van Phong Petrol Terminal in coastal central province of Khanh Hoa. Vietnam National Petroleum Corporation (Petrolimex) and its subsidiary Petrolimex Joint Stock Insurance Company (Pjico) will team up with Singapore’s PB Tankers to build the terminal and...

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BANGLADESH: Wartsila to supply gas-fuelled generating sets for two power plants

(EnergyAsia, September 28) — Finland’s W’rtsil’ Corporation said it was awarded contracts last month to supply gas-fuelled generating sets for two separate power plants in Bangladesh.             The generating sets have been ordered by Summit Power Ltd, an independent power producer in Bangladesh. Three W’rtsil’ 20V34SG generating sets with a combined electrical output of 25,190...

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BANGLADESH: Fuel station operators to go on strike from today

(EnergyAsia, September 28) — Operators of retail fuel stations in Bangladesh said they would go on strike today to press the government and the industry on 12 demands.   The demands include compensation for fuel evaporation loss, higher commission, improving security at the retail stations, setting up laboratories at oil depots to check adulteration, adopting...

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MARKETS: President Bush gives overview of hurricane effects on energy supply, urges consumers to con

(EnergyAsia, September 27) — US President George Bush, who toured the hurricane-devastated southern parts of the US, has given an overview of the hurricanes’ impact on the energy situation in the Gulf of Mexico. As a result of Hurricanes Katrina and Rita, President Bush said about 1.56 million barrels of oil has been shut in....

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MARKETS: IEA says there is no shortage of oil and gas

(EnergyAsia, September 28) — “There is no shortage of oil and gas in the ground, but quenching the world’s thirst for them will call for major investment in modern technologies,” said Claude Mandil, executive director of the International Energy Agency (IEA) at the launch of its new book, Resources to Reserves, Oil and Gas Technologies...

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OMAN: Oman Oil Company signs 25-year agreement to supply natural gas to domestic consumers

(EnergyAsia, September 28) — Oman Oil Company will supply natural gas to domestic consumers for a 25-year period following the recent signing of a gas supply and purchase agreement (GPSA) in Abu Dhabi. Sheikh Hamdan bin Zayed Al Nahayan, Oman’s Deputy Prime Minister, Minister of State for Foreign Affairs and chairman of Dolphin Energy Limited,...

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