Archive | July, 2006

SINGAPORE: First Ship Lease signs third US$45 million sale and leaseback with Berlian Laju tanker

(EnergyAsia, July 31) — Singapore-based First Ship Lease (FSL) said it has entered a third sale and leaseback transaction worth US$45 million with Jakarta-based and publicly-listed Berlian Laju Tanker (BLT). The latest transaction, for a third chemical tanker, follows the US$90 million sale and leaseback of two chemical tankers to BLT announced in June.   […]

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QATAR: Qatar Petroleum, Shell launch gas-to-liquids project

(EnergyAsia, July 31) — Qatar Petroleum and Royal Dutch Shell plc last week announced they had launched the “world-scale” integrated Pearl gas-to-liquids (GTL) project in Qatar. The project includes the development of offshore natural gas resources in Qatar’s North Field, transporting and processing the gas to extract natural gas liquids and ethane, and the conversion […]

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PHILIPPINES: Manila offers to subsidise diesel if crude oil hits $100/barrel

(EnergyAsia, July 31) — The Philippines government said it will consider temporarily subsidising diesel fuel for domestic consumers if the price of crude oil rose to US$100 a barrel.             At a press briefing last week, Presidential Chief of Staff Michael Defensor revealed that the government of President Arroyo is considering the subsidy to lessen […]

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PEOPLE: Jack Lazo joins SunGard’s FAME Energy as regional sales manager for the Asia Pacific

(EnergyAsia, July 31) — SunGard said Jack Lazo has joined its FAME Energy business unit as regional sales manager for the Asia Pacific region. Based in Singapore, Mr Lazo is responsible for generating new business and expanding SunGard’s regional presence for its managed energy data solutions for financial institutions, energy producers and marketers.   Mr […]

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INDIA: ONGC to issue bonus shares after ‘impressive’ quarterly results

(EnergyAsia, July 31) — Indian upstream company ONGC has announced it will issue shareholders a bonus share for every two that they own after posting ‘impressive’ results for the April-June quarter.             Net profit surged 24% to Rs41.19 billion from year ago levels while revenue was up 34% to Rs109.54 billion. (US$1=Rs46). Its crude oil […]

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AUSTRALIA: Clough secures A$265 million in new oil and gas contracts

            (EnergyAsia, July 31) — Australian engineering and construction company Clough Limited said it has signed three oil and gas contracts worth a total A$265 million. (US$1=A$1.35). The new contracts are with:   i.                    OMV New Zealand Limited, on behalf of the Maari Joint Venture comprising Todd Maari Limited, Horizon Oil International Limited, Cue Energy […]

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AUSTRALIA: ABARE promotes technology and carbon taxes in achieving greenhouse gas abatement

(EnergyAsia, July 31) — A series of global greenhouse gas emission reduction scenarios aimed at setting the world economy on emission pathways that are consistent with stabilising the atmospheric concentration of carbon dioxide at 575 ppm in 2100, are analysed in a new ABARE report. ABARE stands for the Australian Bureau of Agricultural and Resource […]

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SINGAPORE: Additional oil storage projects announced

(EnergyAsia, July 31) — The Singapore government and a private company each have announced plans to build additional oil storage capacity for as much as 3.44 million cubic metres on Jurong Island.             State land operator JTC Corp said construction of 1.47 million cubic metres of underground tanks to store crude oil, condensates, naphtha and […]

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