PAKISTAN: Investors said to be eyeing single-point mooring project off Balochistan coastline

(EnergyAsia, September 28) — Some Middle Eastern companies are studying the possibility of building a ‘single point mooring’ project in deep waters off Khalifa point along the Balochistan coastline in Pakistan. According to local news reports, the US$100 million project would enable oil tankers berthed at sea to discharge their liquid cargo into a pipeline...

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QATAR: Chiyoda-Technip JV clinched multi-billion dollar LNG contract

(EnergyAsia, September 28) — Japanese engineering firm Chiyoda said it has signed a contract to provide Qatar’s Ras Laffan Liquefied Natural Gas Company Limited 3 (RasGas 3) engineering, procurement and construction (EPC) services for the expansion of RasGas’s onshore trains 6 and 7. The work on two of the world’s largest LNG trains will be...

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SINGAPORE: Keppel FELS partners ENSCO to build a cost-efficient ultra-deepwater semi-submersible rig

(EnergyAsia, September 28) — Singapore’s Keppel FELS Limited said it has secured a contract to build a cost-efficient semisubmersible drilling platform, ENSCO 8500, for a subsidiary of ENSCO International Incorporated (ENSCO).   The total project value is approximately US$312 million and is expected to be completed in 32 months.   ENSCO has secured for ENSCO...

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TURKMENISTAN: Dragon Oil announced 2005 interim results

(EnergyAsia, September 28) — Upstream company Dragon Oil has announced its interim results for the period ended June 30 2005. Dragon’s main asset is a production sharing agreement (PSA) in the Cheleken contract area, in the eastern Caspian Sea off Turkmenistan.   The Cheleken contract area covers approximately 950 sq km and comprises two offshore...

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SAUDI ARABIA: Aramco announces expansion, upgrading at Yanbu refinery

(EnergyAsia, September 27) — By December, Yanbu refinery will have completed its 35-day maintenance shutdown, said Saudi Arabia’s state oil company Aramco.   After that, three new facilities will be tied into the refinery and major modifications will enable the refinery to add 20,000 barrels per day (b/d) of gasoline to its existing production, boosting...

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QATAR: Korea RasGas buys into Ras Laffan LNG

(EnergyAsia, September 27) — Qatar Petroleum (QP) and ExxonMobil RasGas Inc, shareholders of Ras Laffan Liquefied Natural Gas Company Limited (RL), have signed an equity participation agreement with the owners of Korea RasGas LNG Limited (Koras). The three companies were represented by senior executives including Hamad Rashid Al Mohannadi a QP board member, H. Warner...

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PEOPLE: New Zealand’s Contact Energy appoints new chief executive

(EnergyAsia, September 27) — New Zealand’s Contact Energy has appointed David Hunt as its new chief executive from October 1. The company said his appointment follows an executive search process that began earlier this year to identify a replacement for Steve Barrett, who retires on September 30 to return to the US. Mr Hunt has...

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OMAN: Oman Oil Company and Vitol Group sign products off-take agreement with Oman Refinery Company

(EnergyAsia, September 27) — Oman Oil Company (OOC) and the Vitol group have signed an agreement a five-year agreement to lift an unspecified amount of oil products from Oman Refinery Company (ORC).   The three companies recently held an agreement signing ceremony at OOC’s office. The companies were represented by Maqbool Ali Sultan, Minister of...

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MARKETS: Eurasia says new attacks in Nigeria could shut in as much as 1 million barrels/day of oil p

(EnergyAsia, September 27) — New York-based Eurasia Group has warned that the very volatile security situation in the Niger Delta could shut in nearly half of Nigeria’s 2.4 million b/d of production.   “Should developments continue to worsen in Nigeria, there is a very strong likelihood that the markets will be blindsided,” said Eurasia analyst...

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CHINA: CNOOC Limited announces first production from Bohai Bay field

(EnergyAsia, September 27) — CNOOC Limited, a subsidiary of China National Offshore Oil Corporation (CNOOC), said its Nanbao (NB) 35-2 oil and gas field in Bohai Bay has begun production. Its nine wells are now producing approximately 3,200 barrels of oil per day. NB 35-2 is located approximately 110 kilometers southwest of Tanggu in water...

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CHINA: Canadian companies in JV to tap coalbed methane in Guizhou

(EnergyAsia, September 27) — China United Coalbed Methane Co. Ltd. (CUCBM) and Canada’s Asia Canada Energy Inc have signed a production sharing contract (PSC) to cooperate in exploiting coalbed methane (CBM) resources in the Baotian-Qingshan area in southwest China’s Guizhou province.             The 947-sq km Baotian-Qingshan block holds estimated CBM reserves of 160 billion cubic...

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AUSTRALIA: Gasoline price could rise to A$1.50 a litre

(EnergyAsia, September 27) — Australian motorists could be hit with further increases in gasoline prices, with a rise to above A$1.50 a litre on the cards despite Canberra’s decision to not to raise the excise on fuel. (US$1=A$1.33). According to The Australian newspaper, the government had planned to raise the excise by 0.06% next January...

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AUSTRALIA: Origin Energy provides update on BassGas Project

(EnergyAsia, September 27) — Australian upstream company Origin Energy said the offshore accommodation vessel, the Safe Concordia, has arrived in the Bass Basin, in keeping with previous guidance provided in last month. The vessel has been contracted to provide accommodation facilities to allow access for maintenance and trades personnel to complete a variety of rectification...

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STORAGE: EU warns drawdown in response to Katrina would push oil reserves below minimum level

(EnergyAsia, September 27) — The oil stockpiles of some European Union (EU) countries could fall below the minimum 90 days of consumption following the group’s decision to drawdown on reserves to assist the US following the devastation of Hurricane Katrina.   “Some (countries) will most certainly go below that figure,” said the EU executive European...

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BIOFUELS: Ford says it wants to promote alternative fuels in Asia

(EnergyAsia, September 26) — US motoring giant Ford Motor Co is working with several Asian governments, including Malaysia, to promote the use of biofuels, liquefied petroleum gas and compressed natural gas (CNG) as alternatives to gasoline and diesel. Revealing this last week, Ford Malaysia Sdn Bhd managing director Michael J. Pease praised Asian countries for...

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INDIA: Upstream company ONGC Videsh Limited declares first dividend of Rs1.05 billion to parent ONGC

(EnergyAsia, September 26) — India’s upstream company, ONGC Videsh Limited (OVL), has paid its first dividend of Rs 1.05 billion (Rs 35 per share) for the year ended March 31, 2005 to its parent ONGC. The dividend was approved in OVL’s Annual General Meeting (AGM) held last week. (US$1=Rs45).             OVL said it had a...

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INDIA: ONGC in joint venture to develop underground coal gasification project

(EnergyAsia, September 26) — Indian state-owned upstream company ONGC has signed a memorandum of understanding (MOU) with the Gujarat Mineral Development Corporation (GMDC) to jointly develop underground coal gasification projects.             The MOU was signed last week by Mrs Sudha Anchalia-IAS, chairperson and managing director of GMDC and ONGC’s executive director (R & D), D....

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INDIA: UK’s Cairn Energy raised reserves of Rajasthan oilfields by more than half

(EnergyAsia, September 26) — UK’s Cairn Energy of the UK has raised its estimates of oil reserves in its Rajasthan oilfield in India by more than 50% to 1.7 billion barrels. In a statement last week, the company said the Mangala, Bhagyam and Aishwariya fields in Rajasthan state have been independently certified to hold 1.7...

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CHINA: Official says forex reserves will not be used to build up oil reserves

 (EnergyAsia, September 26) — China does not plan to use its soaring foreign exchange reserves to build up its strategic oil stockpile, a central bank official said last week.             According to China Daily, the People’s Bank of China official said the country’s more than US$700 billion forex reserves are being held exclusively in non-tangible...

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BIOFUELS: Philippines local authorities stepping up use of biodiesel

(EnergyAsia, September 26) — Local authorities in the Eastern Visayas of the Philippines have started switching to using biodiesel produced from coconut, said the Philippine Coconut Authority (PCA).             PCA director Ed Nierva said that his agency, the Department of Public Works and Highways 8 and the Pag-ibig Office and several other government offices have...

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AUSTRALIA: J. Ray McDermott awarded fabrication contract by Woodside Energy

(EnergyAsia, September 26) — P.T. McDermott Indonesia, a subsidiary of J. Ray McDermott, S. A. (J. Ray), said it has been awarded an US$77 million contract by Woodside Energy Ltd., operator of the North West Shelf Venture’s Phase V LNG Expansion project near Karratha in Western Australia.             J. Ray will undertake construction engineering, procurement,...

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AUSTRALIA: Caltex welcomes government’s response to Biofuels Task Force

(EnergyAsia, September 26) — Caltex said it welcomed the Australian government’s response to the report of the Prime Minister’s Biofuels Task Force.    “The measures announced by the government are a sensible approach to developing the biofuels market through improving consumer confidence and providing a clearer scientific and technical basis for biofuels development,” said Caltex...

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ASIA: ADB says growing South Asian gas market sufficient to support two pipeline schemes

(EnergyAsia, September 26) — Future demand for natural gas in South Asia is projected to be strong enough to require gas to be piped from both Turkmenistan and Iran, an ADB expert said last week. Dan Millison, a senior ADB energy specialist, was responding to recently-released reserves information from Turkmenistan that shows a lower-than-expected gas...

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MARKETS: IMF expresses concern with rising oil prices, calls for “stability”

(EnergyAsia, September 26) — Expressing its concern that high oil prices could hurt the world economy, the International Monetary Fund (IMF) wants oil producers, consumers and oil companies to work together to promote market stability.             The call was made at last week’s 12th meeting of the IMF’s International Monetary and Financial Committee in Washington, D.C...

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SINGAPORE: KS Energy unit lands deal to lease equipment to provide offshore oil and gas operations

(EnergyAsia, September 23) — Singapore’s KS Energy Services Limited said its wholly owed subsidiary, KS Tech Oilfield Support Ltd, has entered into a lease agreement with an unidentified “North Asian national oil company” to provide a set of refurbished offshore capital equipment for a total rental of US$3 million over an 18-month period. The lease...

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