(EnergyAsia, November 23) — Singapore’s Keppel Singmarine Pte Ltd, a leading builder of offshore support vessels, said it has been awarded a contract worth S$230 million to build six new Anchor Handling Tug/Supply (AHTS) vessels for Gulfmark Offshore Inc. (US$1=S$1.7).   Two of these six 10,700 bhp AHTS vessels of 2,700 dwt each will be...

(EnergyAsia, November 23) — An ADB backed coal mine/coal bed methane utilisation project in Fuxin in China has entered into agreements with two separate buyers under the Clean Development Mechanism (CDM).   The transactions were structured by ADB’s Clean Development Mechanism Facility and Clearworld Energy, a clean energy development company headquartered in Beijing. The seller...

(EnergyAsia, November 23) — Five Singapore-based companies have signed a Memorandum of Understanding (MOU) to establish the Greenhouse Gas Emissions Reduction (GHGER) Group. The consortium is led by Asia Carbon Exchange Pte Ltd and comprises atea Environmental Technology Pte Ltd, IUT Global Pte Ltd, Hazelberg Asia Pte Ltd and Intelleigen Legal LLC.             The consortium...

(EnergyAsia, November 23) — Japanese upstream company Teikoku Oil Co Ltd said it has succeeded in making a joint bid with Brazil’s Petrobras for Venezuela’s Moruy II Block in the second offshore exploration bidding round. The equal partners, with Petrobras as operator, are expected to be awarded their exploration licence at the end of November....

(EnergyAsia, November 23) — Indian upstream company Oil and Natural Gas Corp (ONGC) is in talks with Korea National Oil Corp (KNOC) over the possible use of Korean oil storage tanks, Infraline reported.             South Korea, which imports all of its crude needs, has been actively seeking storage leasing deals to secure supplies from wide...

(EnergyAsia, November 23) — Hong Kong-listed Titan Petrochemicals Group Limited said it has named Ib Fruergaard, a former managing director of A.P. Moller Singapore Pte Ltd, as executive director from November 18. Mr Fruergaard, 59, who joined Titan as president of its shipping division in September.   Titan, which owns and operates oil tankers and...

(EnergyAsia, November 23) — India’s refining and petrochemicals major Reliance Industries said its fiscal first half net profit rose 50% to Rs47.91 billion from the same period last year. (US$1=Rs46).             Sales for the six months ended September 30 reached Rs427.77 billion, up 27% from last year’s first half.             The increase in sales reflects...

(EnergyAsia, November 23) — Indian upstream company Oil and Natural Gas Corporation (ONGC) posted net income of Rs41.38 billion in the July-to-September quarter, up 22% from the same period last year. (US$1=Rs46).             Sales revenues for the quarter rose 7% to Rs127.28 billion.             The company said its crude oil production dropped to 5.44 million...

(EnergyAsia, November 23) — The US Department of Energy (DOE) has declared successful its experimental project in Canada to store carbon dioxide in geologic formations by injecting it into oil fields. The test removed five million tons of greenhouse gases, while raising the daily crude output of the Weyburn oil field in Saskatchewan, Canada, by...

(EnergyAsia, November 23) — MayBan Securities has rated the stock of Malaysia’s Petronas Gas Berhad a ‘buy’.    MayBan said the company’s financial results came within expectation. The increase in cumulative turnover is the result of the new gas transmission and processing agreement which took effect on April 1. This lifted first half 2006 earnings....

(EnergyAsia, November 22) — Thailand’s oil and gas demand rose 4.1% to 1,170,100 barrels per day (b/d) for the first nine months of this year over the same period last year. The data provided by state PTT Public Company Limited excludes feedstock used for petrochemicals production. The company’s VP for public relations, Pongpayak Sathienpakiranakorn, said...

(EnergyAsia, November 22) — Sembawang Kimtrans Ltd (SKL), a leading integrated mining logistics specialist listed on the Singapore Exchange, said it has won a contract of three years fixed term plus two years option to supply and operate seven units of self-propelled barges (SPB) for Thailand’s Banpu Public Company Limited. Banpu is a public-listed company...

(EnergyAsia, November 22) — Gas Authority of India Limited (GAIL) and Hindustan Petroleum Corporation Limited (HPCL) have signed Memoranda of Understanding (MoU) to jointly undertake exploration and production (E&P) opportunities in India and abroad, and for setting up joint venture companies to implement city gas projects in the states of Madhya Pradesh, Rajasthan and Gujarat....

EnergyAsia, November 16) — Bourne Energy, a Los Angeles, US-based energy company, said it has launched “liquid solar power” which is wave energy generated by wind and solar heat.   In a statement, the start-up company said: “Winds generated by the solar heating of the earth pass over the oceans transferring energy to the waves....

(EnergyAsia, November 22) — China National Petroleum Corp (CNPC) has signed a one-year term agreement to purchase 100,000 barrels/day of crude and 60,000 b/d of fuel oil from Venezuela’s state oil company PDVSA. Venezuelan President Hugo Chavez is looking to China as an alternative as his country seeks to diversify its export dependence on the...

(EnergyAsia, November 22) — Australian upstream company Bounty Oil & Gas said Justice Siopis of the Federal Court of Australia has ordered an injunction restraining former managing director Tom Fontaine from holding a general meeting last Thursday. Mr Fontaine had called an extraordinary general meeting for November 17 seeking the removal of two board directors and the...

(EnergyAsia, November 22) — Asia’s largest biofuels conference, Asia Biofuels Conference & Expo will be held December 6-8 at the Westin Philippine Plaza in Manila, Philippines. The third annual conference will focus on the development of biofuels projects and connecting future producers, current producers, project developers and investors.   Speakers will cover the “Complete Biofuels Cycle,” including...

(EnergyAsia, November 22) — Australia’s Origin Energy has released its Environment Effects Statement (EES) for the proposed Mortlake Power Station Project in western Victoria state. The EES describes the likely environmental effects of a proposed development and generally contains a description of the project, its alternatives, an outline of the various approvals that are required...

(EnergyAsia, November 22) — London-based Asia Energy PLC said it has promoted the CEO of subsidiary Asia Energy Corp Bangladesh, Gary Lye, to the post of executive director and chief operating officer (COO) of the parent firm. Mr Lye, who will continue to oversee its Bangladesh activities, has been promoted to strengthen the management team...

(EnergyAsia, November 22) — Nasdaq-listed Telvent GIT S.A, a global realtime IT company, said it has signed a 0.8 million euro contract with China’s Guangdong Dapeng LNG Company Ltd to provide technological solutions for its liquefied natural gas (LNG) project. (US$1=0.85 euro).             This project aims to increase the use of LNG for power generation...

(EnergyAsia, November 21) — Following a recent board meeting, China Petroleum & Chemical Corpo or Sinopec Corp said it will privatise Sinopec Zhenhai Refining & Chemical Company Limited (ZRCC) through subsidiary Ningbo Yonglian that has been established for the purpose of the move.   According to the merger agreement between Ningbo Yonglian and ZRCC, Ningbo...

(EnergyAsia, November 21) — Indonesia, the world’s largest LNG exporter, will reduce exports by 10% next year as it faces declining gas production from aging fields in East Kalimantan and Aceh provinces, where the Arun plant is located. According to the Jakarta Post, buyers in South Korea, Taiwan and Japan have agreed to cut their...

(EnergyAsia, November 21) — India’s ONGC Mittal Energy Ltd (OMEL) has signed an MoU with Nigeria’s Ministry of Petroleum Resources during a recent visit by an Indian delegation to the Nigerian city of Abuja. The MoU aims at helping Nigeria to produce an average 650,000 barrels/day of crude and 32.5 million metric tonnes of natural...

(EnergyAsia, November 21) — Environmental lobby group Friends of the Earth has placed advertisements in US publications like The New York Times urging the public to send messages to motoring giant Toyota to protest its alleged anti-environmental policies.   The advertisement said: “Is Toyota an environmental leader or just another big, bad car company in...

(EnergyAsia, November 21) — Australian scientists said they have produced the most precise record yet of greenhouse gas fluctuations in the Southern Hemisphere over the past 2000 years.   According to a paper to be delivered this week at Greenhouse 2005 by Australia’s CSIRO Marine and Atmospheric Research, the unique record enables scientists to more...