THAILAND: Canadoil exports first batch of Thai-made specialised piping spools to Canada

(EnergyAsia, October 31) — Canadoil said it recently successfully shipped the first batch of specialised copper and nickel clad lined piping spools, that will be placed in prefabricated and preassembled process pipe modules to form part of the main interconnecting pipeway of the CNRL Horizon Oil Sands Project in Northern Alberta, Canada, one of the (more…)

SINGAPORE: SembMarine said Q3 net profit up on strong rig demand

(EnergyAsia, October 31) — Singapore’s SembCorp Marine Ltd, the world’s second-largest offshore oil rig builder after Keppel Corp, said its third quarter net profit jumped 52% to S$32.7 million from year-ago levels on strong demand for rig-building and ship conversion. (US$1=S$1.7). Both companies have enjoyed a spectacular year of growth as a result of high (more…)

PAPUA NEW GUINEA: Greenpeace challenged Pacific Island leaders to support “true security”

(EnergyAsia, October 31) — Greenpeace last week challenged leaders attending the Pacific Islands Forum to address what it called the real threats to people in the Pacific and to set them on the path to true energy security. “This meeting should be a turning point to ensure the Pacific moves to renewable energy and true (more…)

CHINA: Officials relieved at CNPC suucessful takeover of Canada’s PetroKazakhstan

(EnergyAsia, October 31) — To the relief of Chinese officials, China National Petroleum Corporation (CNPC) has completed the takeover of Canada-based PetroKazakhstan Inc. (PK) through its wholly-owned subsidiary CNPCI. Officials were relieved that there was no replay to the drama and political posturing that followed CNOOC’s failed attempt to buy over US independent Unocal a (more…)

SINGAPORE: Energy Market Authority released annual report for 2004/2005

(EnergyAsia, October 31) — Singapore’s Energy Market Authority (EMA) has released its Annual Report for 2004/2005. Its highlights include update on the progress of implementing competition in the electricity market and measures implemented to enhance efficiency and reliability in the electricity industry.   The state agency said competition has yielded “positive outcomes.” “Competition had led (more…)

MALAYSIA: MayBan Securities rates energy engineering KNM Group Bhd a “buy”

(EnergyAsia, October 31) — MayBan Securities has maintained its ‘buy’ rating on energy engineering KNM Group, which has announced allocation of RM 120 million on capacity expansion over the next two years. The expansion by 30% annually is aimed at meeting the growing demand for process equipment in the oil and gas, petrochemical and mineral (more…)

AUSTRALIA: Santos reported record quarterly revenue

(EnergyAsia, October 31) — Australian upstream company Santos Limited has reported record third quarter sales revenue of A$764 million, driven by a 15% year on year increase in production to 14.9 million barrels of oil equivalent. (US$1=A$1.3).   The third quarter revenue was 38% higher than the previous record of A$553 million in the second (more…)

AUSTRALIA: Chevron announced first sales of Gorgon gas

(EnergyAsia, October 31) — US major Chevron Corp said its subsidiary Chevron Australia Pty Ltd plans to sell liquefied natural gas (LNG) from the Chevron-led Gorgon Project into Japan, the world’s largest LNG market.   Chevron Australia has signed a Heads of Agreement (HOA) with Tokyo Gas Co Ltd, a major Japanese utility company, for (more…)

COMPANY: Exxon Mobil Corp announced record US$9.92 billion net profit for third quarter

(EnergyAsia, October 31) — Exxon Mobil Corporation has reported a whopping net profit of US$9.92 billion for the third quarter, a rise of 75% over the same quarter last year. The impressive result included earnings excluding special items of $8.3 billion ($1.32 per share), an increase of $2,070 million from the third quarter of 2004. (more…)

AUSTRALIA: Northern Territory announced 49% rise in applications for exploration licences

(EnergyAsia, October 31) — Australia’s Northern Territory state government said it has seen a 49% rise in exploration licence applications since launching its investor and explorer attraction campaign, Top End Secret, this year. The Top End Secret campaign is part of the state government’s $15.2 million Building the Territory’s Resource Base initiative that informs potential (more…)

SINGAPORE: Rig builder and property developer Keppel Corp said Q3 profit rose 15%

(EnergyAsia, October 28) — Singapore-based rig builder Keppel Corp said its third quarter net profit rose 15% over the same period last year to S$155.9 million. Revenue surged 70% to S$1.7 billion. (US$1=S$1.69).   For the first nine months of 2005, net profit rose 21% to S$496.4 million on revenue of S$3.97 billion (+42%).   (more…)

MIDDLE EAST: Contracts worth more than US$10 billion to be awarded

(EnergyAsia, October 28) — More than US$10 billion worth of construction contracts for energy projects will be awarded for the months of October and November, according to data provided by Dubai-based intelligence service Sentinel. One of the largest awards will be for Bahrain’s integrated petrochemical, power and water complex, promoted by the Kuwait Financial House (more…)

COMPANY: Petronas wins Presidency of International Gas Union (IGU) for 2009 to 2012

(EnergyAsia, October 28) — The Council of the International Gas Union (IGU) with a record high participation in its 74-year history completed its annual meeting in Tianjin City in China on October 17 – 20. More than 150 delegates from 45 countries around the world attended the meeting, which apart from traditional household issues especially (more…)

COMPANIES: OILspace and C1 Energy to jointly deliver bilingual information on China’s energy market

(EnergyAsia, October 28) — OILspace, a global industry leader in providing energy market information, content management tools, and supply chain management solutions to downstream energy companies, and C1 Energy, the leading publisher of China’s energy market pricing and news, are pleased to announce an agreement to deliver C1 Energy market news, reports, and pricing data (more…)

ASIA: Woodside says region will have to pay higher LNG prices

(EnergyAsia, October 28) — Australia’s Woodside Petroleum said consumers in the Asia Pacific region will have to pay more for their liquefied natural gas in the coming years as the previous supply overhang has now evaporated. The message was delivered by Woodside CEO Don Voelte in an address to delegates and experts attending last week’s (more…)

THAILAND: Upstream company Pogo said sale of Thai assets sharply boosted Q3 income

(EnergyAsia, October 28) — Houston, US-based Pogo Producing Company said it earned net income of $473.5 million or $7.96 per share for the third quarter on revenues of $283.18 million, compared to net income in the third quarter of 2004 totaling $86.6 million, or $1.36 per share, on revenues of $259.7 million. The sharp rise (more…)

CHINA: Focus on sustainable development, renewable energy

(EnergyAsia, October 28) — For bold moves these days, look to China. Its latest five-year blueprint to 2010 to shape the country contains for the first time the mention of radical ideas like human rights and democracy, and related themes like sustainable development and renewable energy. Endorsed last month by the fifth plenum of the (more…)

CHINA: Huaneng Power announced start-up of Shantou power plant unit

(EnergyAsia, October 28) — Hong Kong-listed Huaneng Power International, Inc said it has started up the 600MW coal-fired generating unit (Unit 3) of the Phase II of its Shantou Power Plant. The plant successfully completed a 168-hour full-load trial run and was put into commercial operation on October 20.   Huaneng said it has built (more…)

AUSTRALIA: Car makers drop opposition to use of ethanol fuel.

(EnergyAsia, October 28) — In a victory for the Australian government, the local car industry has dropped its opposition to the use of biofuels and is now encouraging motorists to use gasoline with a 10% ethanol mix from next year. According to The Australian newspaper, car-makers will put a label on every vehicle fuel-cap flap (more…)

SINGAPORE: SembCorp Marine’s contract to build US$422.7 million ultra-deepwater semisubmersible rig

(EnergyAsia, October 28) — Singapore’s SembCorp Marine said the Letter of Intent that was signed between its subsidiary, Jurong Shipyard Pte Ltd, and PetroRig I/PetroMena ASA under management by Larsen Oil & Gas (LOG) to build a semi-submersible rig is now effective at a contract value of US$422.7 million.   The contract is signed with (more…)

SINGAPORE: Courage Marine to buy 9th vessel for US$11.85 million

(EnergyAsia, October 27) — Newly listed dry bulk shipper Courage Marine Group Ltd has announced plans to purchase a secondhand Panamax vessel for US$11.85 million from First Steamship Company Ltd, a listed company in Taiwan. Courage, which listed on the Singapore Exchange on October 13, has outlined a strategy of owning and operating secondhand to (more…)

CHINA: CNPC and Russia’s Gazprom to discuss gas supply terms

(EnergyAsia, October 27) — China National Petroleum Corp (CNPC) and Russia’s state firm Gazprom will meet for the first time next month to discuss details for the export of Russian natural gas to China. The two sides only discussed cooperation in the past, but will advance to looking at commercial terms such as volume and (more…)

BIOFUELS: Golden Hope expects huge revenue from joint venture plant

(EnergyAsia, October 27) — Golden Hope Plantation Bhd expects to significantly boost revenue in three to four years’ time with the start-up of its proposed biodiesel joint venture plant with the Malaysian Palm Oil Board (MPOB) in Banting by early 2007. Golden Hope group chief executive Sabri Ahmad said biodiesel is fast gaining popularity among (more…)

INDIA: IndianOil Corp commissioned country’s first hydrogen-CNG fuel dispensing station

(EnergyAsia, October 27) — IndianOil Corp Ltd said it has commissioned India’s first hydrogen-CNG (HCNG) dispensing station at its R&D centre at Faridabad near Delhi. IndianOil said the project marks a milestone in India’s quest for energy security through harnessing alternative fuels.   The station was recently inaugurated by Mani Shankar Aiyar, India’s Minister for (more…)

INDONESIA: President Susilo to launch 13 oil and gas projects worth US$1.2 billion

(EnergyAsia, October 27) — Indonesia’s President Susilo Bambang Yudhoyono will launch 13 oil and gas projects tomorrow that will boost the country’s production by 53,800 barrels of oil per day equivalent. The projects are worth a total of US$1.2 billion. The projects comprise the development of 12 oil fields and a pipeline, involving large multi-national (more…)