NEW ZEALAND: OMV announces development of Maari oil field

(EnergyAsia, November 30) — Austria’s OMV said its Maari joint venture has approved the field development plan for the Maari oil field in New Zealand. Wholly owned subsidiary OMV New Zealand Ltd operates and holds a 69% interest in the field.             Its partners are Todd Petroleum Mining Company Ltd (16%), Horizon Oil International Ltd...

This article is for Subscriber members only.
Log In Register

PAKISTAN: UK’s Premier Oil to proceed with Phase-2 of Zamzama gas field development

(EnergyAsia, November 30) — UK’s Premier Oil has announced the approval of the phase-2 development of the Zamzama gas field in Pakistan. This follows the signing of separate agreements between the Zamzama Joint Venture partnership, the government of Pakistan and the Sui Southern Gas Company Limited.             The Zamzama Phase-2 development, operated by BHP Billiton, is...

This article is for Subscriber members only.
Log In Register

VIETNAM: Singapore’s Waste To Energy Pte Ltd sign MOU with the Municipal Public Works Company of Can

(EnergyAsia, November 30) — Singapore-based Waste to Energy Pte Ltd said it, Vietnam’s HD&L Ltd and The Municipal Public Works Company of Vietnamese city of Can Tho have signed an MOU to build and operate a power plant that use municipal waste as its energy source. The MOU outlines the sorting and mining of solid...

This article is for Subscriber members only.
Log In Register

SINGAPORE: Pearl provides update on acquisition of Indonesia’s Sebana Limited

(EnergyAsia, November 30) — Singapore-listed upstream company PEARL Energy Limited said it has signed a sale and purchase agreement to acquire 100% of issued share capital of Sebana Ltd from PT Petroland Energi.             Sebana is a company incorporated in the British Virgin Islands and is wholly owned by Petroland. Sebana’s primary asset is a...

This article is for Subscriber members only.
Log In Register

MALAYSIA: Tanker and shipping group MISC reports 19.4% rise in July-September quarter profit

(EnergyAsia, November 30) — State-owned tanker group Malaysia International Shipping Corporation Berhad (MISC) said its July-to-September quarter profit before tax rose 19.4% from year-ago levels to RM599.6 million. (US$1=RM3.75). Its revenue rose 39.6% to RM2,556.4 million for the quarter.             MISC said: “The significant improvement was the result of better performance in the main shipping...

This article is for Subscriber members only.
Log In Register

RENEWABLES: Jamaica to issue licences for renewable fired-utilities

(EnergyAsia, November 30) — Jamaica’s utilities regulator, OUR, will issue licences for investors to build 100MW power capacity that will be fired by renewable energy. It aims to raise the proportion of electricity supply from renewable sources from 5% now to 15% by 2010.             At the launch of the 40-million-gallon ethanol plant at Petrojam...

This article is for Subscriber members only.
Log In Register

BIOMASS: Nigeria to expand its renewable energy sources

(EnergyAsia, November 29) — Nigeria is planning to produce more than 15,900MW of electricity from renewable energy sources by 2015, according to the Energy Commission of Nigeria (ECN).             Speaking at a recent renewable energy workshop jointly organised by ECN and the United Nations Development Programme (UNDP) in Abuja, ECN’s director general Abubakar Sambo, said...

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Victoria Petroleum provides production update from Mirage and Ventura oil fields, South A

(EnergyAsia, November 30) — Victoria Petroleum NL has announced that gross oil production from the Mirage and Ventura Oil Fields in the PEL 115, South Australia Cooper Basin has reached a new high of 430 barrels of oil per day. The new level of production has been achieved with the placement of the Mirage-1 oil...

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Clough And Aker Kvaerner win engineering contract to build Woodside’s topside floatover p

(EnergyAsia, November 30) — Australian engineering firm Clough Limited said it and Norway’s Aker Kvaerner have signed a Notice of Award with Australian upstream company Woodside Energy Ltd, operator of the North West Shelf (NWS) Venture, to install the platform topside module for the proposed Angel gas field development off Karratha in Western Australia. The...

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Caltex reports strong performance, expects higher profit outlook

(EnergyAsia, November 30) — Caltex Australia said it expects to turn in higher profits of between A$390 and A$420 million for the year to December 31 2005 as a result of tight supply/strong demand for petroleum products and a strong operating performance in the second half. This outlook compares with its 2004 profit of $348.0 million....

This article is for Subscriber members only.
Log In Register

MARKETS: ESAI predicts fuel oil refining margins to remain strong

(EnergyAsia, November 29) — US energy consultant ESAI said oil refining margins will remain strong in the coming months.   While the balmy weather of recent weeks in Europe and the US Northeast has had some dampening effect on fuel oil margins, they remain substantially above last year’s levels and will continue to do so...

This article is for Subscriber members only.
Log In Register

NEW ZEALAND: New Zealand Oil & Gas announces go-ahead for Tui oil field

(EnergyAsia, November 29) — New Zealand Oil & Gas Limited (NZOG) said that the Tui project partners have unanimously agreed to immediately develop the Tui Area oil fields. The project is located in the offshore Taranaki Basin, New Zealand and will be the country’s first stand-alone offshore oil development. NZOG holds a 12.5% interest in...

This article is for Subscriber members only.
Log In Register

CONFERENCE: Asia needs to raise industrial safety and risk management standards, says expert

(EnergyAsia, November 29) — Asia is lagging behind in adopting work safety standards for industrial plants, said David Ong, managing director of safety consultancy and automation specialist, Excel Marco Industrial Systems. He will be elaborating on this subject at the CIA2005 International Conference, from November 30 to December 2 at Suntec Singapore.             Mr Ong...

This article is for Subscriber members only.
Log In Register

AZERBAIJAN: PSL Energy Services invest £4million in new Baku base for Caspian expansion

(EnergyAsia, November 29) — UK oil and gas services specialist PSL Energy Services Ltd said it has moved to the next phase of a planned expansion in the Caspian region with the opening of a new £600,000 custom built support base and offices in Azerbaijan. (US$1=£0.70).   The 15,000 sq metre warehouse, storage, maintenance and...

This article is for Subscriber members only.
Log In Register

MALAYSIA: MayBan Securities maintains Scomi Group Bhd a ‘buy’

 (EnergyAsia, November 29) — Malaysian oil services company Scomi Group Bhd reported a set of third quarter results that was below market expectations, but it still garnered a ‘buy’ rating from MayBan Securities. Scomi’s turnover rose 10.6% quarter-on-quarter while its net profit was up 33.4%.   Its cumulative third quarter revenue and earnings improved significantly,...

This article is for Subscriber members only.
Log In Register

INDIA: Work underway on building oil storage in Mauritius

(EnergyAsia, November 29) — Indian engineering firm Arun Fabricators has begun constructing an 18-million-litre oil terminal in Mauritius for storing and handling oil products, mostly to serve the aviation fuel market.   The depot will be supplied by a system installed off Mahebourg and will hold the equivalent of 21 days of Mauritius’ aviation fuel...

This article is for Subscriber members only.
Log In Register

COMPANY: EXMAR invests further in on-board regasification vessel

(EnergyAsia, November 29) — EXMAR, an independent operator of gas tankers, has confirmed a long-term charter party with Excelerate Energy LP, the liquefied natural gas shipper and marketers based in Woodlands, Texas, of a further liquefied natural gas regasification vessel (LNGRV).   The vessel will be built by Daewoo Shipbuilding & Marine Engineering Co. Ltd...

This article is for Subscriber members only.
Log In Register

RENEWABLE: India’s Tamil Nadu state to build renewable energy sources park

(EnergyAsia, November 29) — India’s Tamil Nadu Energy Development Agency (TEDA) will establish its second renewable energy sources park in Madurai city with the help of the Ministry of Non-Conventional Energy Sources (MNES), according to The Hindu newspaper.             MNES has fully subsidised the building of 10 renewable energy sources parks in 10 districts in...

This article is for Subscriber members only.
Log In Register

RUSSIA: ABB wins order worth almost US $100 million for Sakhalin oil platform

(EnergyAsia, November 29) — Swiiss engineering firm ABB said it has been awarded a contract worth almost US$100 million by Sakhalin Energy Investment Company Ltd. — a joint venture between Shell, Mitsui and Mitsubishi.   ABB Lummus Global will design and construct two modules and supporting equipment for the Molikpaq oil platform, which is located...

This article is for Subscriber members only.
Log In Register

ABU DHABI: Dolphin Energy to raise pipeline capacity to 3.2 billion cubic feet/day

(EnergyAsia, November 29) — Dolphin Energy Ltd (DEL), which will start supplying gas from Qatar’s off-shore fields to the UAE next year, said it is planning to expand its two billion cubic feet per day gas pipeline capacity to 3.2 billion cubic feet per day,   Khaldoon Khalifa Al Mubarak, CEO of Mubadala Development Company,...

This article is for Subscriber members only.
Log In Register

VIETNAM: Shanghai Electric to build power plant in Quang Ninh province

(EnergyAsia, November 28) — China’s Shanghai Electric (Group) Company and Vietnam’s Quang Ninh Thermal Power Co Ltd recently signed a contract for the construction of the first-phase of a power plant project in the coal-rich province of Quang Ninh. Shanghai Electric will build two 300,000-kw generating units with a contractual value of US$450 million, reported...

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Caltex said some outlets have resumed operations after cleared of selling contaminated di

(EnergyAsia, November 28) — Caltex Australia Limited said that some retail outlets in New South Wales have resumed diesel sales following tests showing that they were not contaminated. As of last Friday, Caltex said no sites have been identified as having contaminated diesel.   Diesel sales at more than 80 service stations in the Sydney...

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Chevron announces further sales of Gorgon LNG to Japan

(EnergyAsia, November 28) — US major Chevron Corp has announced plans to secure further sales of liquefied natural gas (LNG) from the Chevron-led Gorgon Project to Japan, the world’s largest LNG consumer.   Chevron Australia Pty Ltd, a subsidiary of Chevron Corporation, has signed a Heads of Agreement (HOA) with Chubu Electric Co Inc for...

This article is for Subscriber members only.
Log In Register

BIOFUELS: UK’s D1 Oils signs jatropha oil supply agreement with Indian’s Pmanek Biofarms

(EnergyAsia, November 28) — D1 Oils plc (D1), the UK-based global producer of biodiesel from renewable energy crops, has signed an agreement with India’s PManek Biofarms Pvt for the supply of crude jatropha oil for biodiesel feedstock. PManek is a producer of essential oils based in the Indian state of Gujarat.             PManek will supply D1...

This article is for Subscriber members only.
Log In Register

BIOFUELS: Palm oil industry adopt sustainable principles

(EnergyAsia, November 28) — The palm oil industry last week adopted an eight-point principles to promote sustainable production globally that will be tabled for formal adoption at the Third Roundtable on Sustainable Palm Oil (RSPO) next year.   At a meeting in Singapore attended by more than 300 participants, the industry revealed that seven of...

This article is for Subscriber members only.
Log In Register