AUSTRALIA: Origin Energy, Santos announced settlement of insurance claim for Moomba plant fire

(EnergyAsia, December 30) — Two Australian energy companies, Santos and Origin Energy, said they have settled their insurance claims with insurers made in relation to the explosion and fire that occurred at the Moomba liquids recovery plant (LRP) in central Australia on January 1 2004. Origin Energy was an insured under the policy effected by (more…)

COMPANY: Aggreko plc expands in Asia

(EnergyAsia, December 22) — Scotland’s Aggreko plc, the world leader in the supply of temporary power, temperature control and oil-free compressed air services, is on course to register one of its best performing years, thanks to runaway demand growth in Asia and the Middle East. For the first half of 2005, the London Stock Exchange-listed (more…)

CHINA: Beijing to prioritise hydropower development

(EnergyAsia, December 30) — China will give the development of hydropower a high priority, Chinese government official told Xinhua news agency.             Zhang Guobao, vice-minister of the National Development and Reform Commission (NDRC), said the country plans to expand its hydropower installed capacity by 80% to 180 million kilowatts (KW) by 2010, and further to (more…)

CHINA: GE announces launch of energy rentals operations

(EnergyAsia, December 30) — GE Energy has announced the opening of its first power rentals facility in China. The service will help China meet temporary power requirements at the 2008 Beijing Olympics.   Located in the Xiaoshan economic development zone of Hangzhou city, Zhejiang Province, the rentals facility will offer a full range of temporary (more…)

INDIA: Indian Oil Corp commissions Panipat refinery diesel hydrotreatment unit

(EnergyAsia, December 30) — Indian Oil Corporation (IndianOil) has successfully commissioned the diesel hydrotreatment unit (DHDT) at its Panipat refinery as part of a programme to double its capacity from six to 12 million metric tonnes per year by mid-2006. The refinery is located 100 KM from Delhi.   The company said the facility is the (more…)

CHINA: Datang seals coal deal with Indonesia’s Prima Multi

(EnergyAsia, December 30) — China’s Datang International Power Generation has reached an agreement with Indonesia’s Prima Multi Artha (PMA) for the supply of thermal coals to three of its coastal power plants, China Daily reported.             The deal represents PMA’s first coal sale into China. The company expects to make the first shipment of its (more…)

INDIA: Gaz de France to help in building underground gas storage

(EnergyAsia, December 30) — Gaz de France will soon invest in underground natural gas storage facilities in India, The Business Standard reported. New Delhi has proposed to create a 15-day storage capacity for gas. The Indian government will provide funding for the underground facilities while Gaz de France will contribute its expertise.             The French (more…)

CHINA: XinAo Gas subsidiary to buy properties for more than RMB32 million

(EnergyAsia, December 30) — Hong Kong-listed XinAo gas said two of its subsidiaries, Xinao Gas Development and Bengbu Xinao, have agreed to purchase properties from Langfang Property and Bengbu Property for a total sum of RMB32,031,608. (US$1=RMB8.07).   XinAo said its chairman, known only as Mr Wang, owns 78.39% of Langfang Property and 87.68% of (more…)

INDIA: ONGC declares record interim dividend of Rs25 per share

(EnergyAsia, December 30) — India’s leading upstream company, Oil and Natural Gas Corporation Ltd (ONGC), has declared an interim dividend of Rs 25 per share for shareholders to be paid out this fiscal year. (US$1=Rs44).   The interim dividend is 50% higher compared to the interim dividend of the previous year. In FY 2004-05, ONGC (more…)

INDIA: Birla, Essar may cooperate on Madhya Pradesh coal mine project

(EnergyAsia, December 30) — Two Indian companies are in talks to develop the Mahan coal mines in Madhya Pradesh state, local news media reported   Aditya Birla Group’s Hindalco may link up with Essar Power to mine the coal to feed a proposed 1,000 MW power generation unit in Madhya Pradesh that has the backing (more…)

AUSTRALIA: Santos in new gas tolling and purchase contract

(EnergyAsia, December 29) — Australian upstream company Santos Limited has announced the execution of a conditional contract for its Patricia Baleen plant to process up to 350 PJs of gas over 10 years from Nexus Energy’s Longtom field off Victoria and for Santos to then purchase the processed sales gas.             The agreement remains conditional (more…)

EMISSIONS: US says greenhouse gas emissions level up 2% last year, but GDP intensity fell

(EnergyAsia, December 29) — US greenhouse gas emission levels rose 2% last year, to 7,122.1 million metric tons carbon dioxide equivalent (MMTCO2e) from 6,983.2 MMTCO2e in 2003 in 2004, according to the Energy Information Administration (EIA).   In its report, “Emissions of Greenhouse Gases in the United States 2004”, the EIA said US greenhouse gas (more…)

CHINA: New natural gas field found in Heilongjiang province

(EnergyAsia, December 29) — Officials at Daqing Oilfield Co said they have found a large natural gas field in China’s northeastern province of Heilongjiang, China Daily reported.             The gas field is hidden in lava beneath the Daqing oilfield and was detected after nearly one year of exploration. The new Qingshen gas field is located (more…)

CHINA: Wind power project to feature GE energy technology

(EnergyAsia, December 29) — GE Energy said it will locally assemble and supply its wind turbines for one of China’s largest wind projects to date. When completed in 2007, the Jiangsu Rudong Concession II wind project in Jiangsu province will add 150 megawatts of wind power capacity to the country’s electricity grid.   Developed and (more…)

SAUDI ARABIA: SABIC awards Technip contract for a major ethylene and propylene plant

(EnergyAsia, December 28) — French engineering firm Technip said it has signed a contract with Saudi Basic Industries Corporation (SABIC) for the construction of a large-scale ethylene and propylene production plant at the Yansab complex in Yanbu Industrial City on the Red Sea coast of Saudi Arabia.   This contract, effective May 11 2005, covers (more…)

INDIA: Adhunik group eyes Australian coal jv

(EnergyAsia, December 29) — India’s Adhunik group is planning to form a joint venture with Australian companies to mine coal mining in that country, Press Trust of India reported. The venture’s primary objective will be the supply of coking coal for Adhunik’s steel plants in India.             Group director Nirmal Agarwal said: his company is (more…)

SINGAPORE: KS Energy to provide cranes worth US$3 million to Persian Gulf-based company

(EnergyAsia, December 29) — Singapore-listed KS Energy Services Limited said it has secured a US$3 million contract to provide three pairs of cranes to an unidentified Persian Gulf based oil and gas company. The contract covers equipment, parts, commissioning, transportation, set up and project management.   The cranes have lifting capabilities ranging from 55 tons (more…)

CHINA: Private investment in oil storage encouraged

(EnergyAsia, December 29) — The Chinese government is encouraging greater competition and private investment in the country’s fast growing oil storage sector as part of its strategy to enhance energy supply security. Beijing recently approved the application of two companies to expand their oil storage and logistics businesses.   Zhangjiakou United Petrochemical Co Ltd, which (more…)

CHINA: Coal industry predicts easing of supply squeeze in 2006

(EnergyAsia, December 29) — China’s embattled coal industry has predicted the country’s coal supply squeeze will ease next year, Xinhuanet reported. The industry is under pressure to improve its safety records while raising production to keep up with surging domestic demand.             In recent months, China’s power plants are finding it easier to source coal, (more…)

INDIA: New Delhi to have final word on oil firms’ cross-holdings

(EnergyAsia, December 29) — The Indian government will have the final word on how and when the country’s state oil firms will sell off the stakes they hold in each other, Capital Market reported.   While New Delhi has said it will allow the firms to offload these cross-holdings to the public, it will also (more…)

EMISSIONS: ECX announced delivery of December carbon contracts

(EnergyAsia, December 28) — The European Climate Exchange (ECX) said a total of 4,545 lots went to delivery with the expiration of the December 2005 carbon futures contract, representing over 4.5 million tonnes of CO2. The contract closed at Û21.05 a tonne at 5 pm GMT on December 19, making the March 2006 contract month (more…)

KOREA: Anti-trust agency approves SK Corp takeover of refining rival Inchon Oil

(EnergyAsia, December 28) — Korea’s Fair Trade Commission has approved the takeover of rival Inchon Oil by SK Corp, the country’s largest oil refiner. SK Corp had applied in September to buy over Inchon for 1.6 trillion won. (US$1=1,050 won).             With the acquisition, SK Corp will boost its refining capacity to 1.11 million barrels/day (more…)

INDIA: Canada’s Niko rejects IOC’s US$1.4billion bid

(EnergyAsia, December 28) — Canada-based oil and gas firm Niko Resources has rejected a US$1.4 billion takeover bid by Indian Oil Corp (IOC), Canada’s Globe and Mail reported.             Niko said it received a preliminary expression of interest from IOC which Niko’s board determined “was not sufficiently clear and certain to permit them to even (more…)

EMISSIONS: Taiwan’s energy-intensive industries pledge voluntary cuts in carbon dioxide emissions

(EnergyAsia, December 28) — Six Taiwanese associations representing energy-intensive industries signed an agreement this week, pledging to voluntarily conserve energy and reduce carbon dioxide emissions. Encouraged by the the Ministry of Economic Affairs, Industrial Development Bureau and the Chinese National Federation of Industries (CNFI), the associations that signed represent the petrochemical, cement, pulp and paper, (more…)

AUSTRALIA: Deal reached with East Timor on Sunrise natural gas

(EnergyAsia, December 28)–Australia and East Timor have finalised a revenue-sharing pact covering the Sunrise natural gas project.             Under the deal, East Timor could receive up to US$7 billion in additional petroleum royalties, on top of existing revenue entitlements. In return, East Timor will set aside negotiations on a permanent maritime border for 50 years. (more…)