Archive | September, 2005

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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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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