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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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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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: 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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SINGAPORE: Horizon to raise oil tank capacity by a third

 (EnergyAsia, July 31) — Horizon Terminal has decided to add another 240,000 cubic metres of oil storage capacity to its S$200 million 840,000-cubic metre facility now under construction on Singapore’s Jurong Island.   The first phase of 250,000 cubic metres and one jetty is due to come onstream in September to be followed by the...

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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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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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COMPANY: Premier Oil updates on activities in India, Vietnam and Indonesia

(EnergyAsia, July 28) — UK-listed upstream company Premier Oil has given an update of its first half activities in several countries including India, Indonesia and Vietnam.   In Indonesia, Premier reported 100% success from its three exploration wells in Indonesia and acquired a 16.67% stake in the highly attractive North Sumatra Block A PSC. In...

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BIOFUELS: DuPont unveils biofuels strategy

(EnergyAsia, July 28) — Two DuPont research leaders provided an update on the company’s strategy to develop next generation biofuels at the recent World Congress on Industrial Biotechnology and Bioprocessing in Toronto.   DuPont biofuels research manager William D. Provine discussed the company’s biofuels strategy while DuPont Bio-Based Technologies vice president John Pierce reviewed current...

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TAIWAN: Solar cell manufacturers expect greater competition

(EnergyAsia, July 28) — Taiwanese solar-cell makers will face increased competition from international companies who have announced aggressive expansion plans, said state Taiwanese news service.   Sony, the world’s fourth largest solar cell producer, is investing US$350 million to expand production to 600 megawatts of cell by 2011. Germany’s Q-Cells, the world’s second largest producer,...

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SINGAPORE: Shell to proceed with “world-scale” integrated petrochemicals complex

(EnergyAsia, July 28) — Shell Eastern Petroleum Pte Ltd (SEPL) said it has decided to proceed with the construction of a new “world-scale” ethylene cracker on Singapore’s Bukom Island.  The new Shell Eastern Petrochemicals Complex (SEPC) is an integrated refinery and petrochemicals project that will include modifications and additions to the Bukom refinery and a...

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SINGAPORE: SPC reports 33.5% rise in second quarter net profit

(EnergyAsia, July 28) — Singapore Petroleum Co (SPC) has reported a 33.5% in second-quarter net profit to S$135.69 million, thanks to improved oil refining margins. (US$1=S$1.58). The net profit after tax and minority interests (PATMI) for the second quarter 2005 was S$101.7 million.   The 49% Keppel Corp-owned integrated oil company said revenues surged 39.2%...

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AUSTRALIA: BHP Billiton quarterly report on exploration and development activities

(EnergyAsia, July 28) — Australia’s leading resources company BHP Billiton has issued an update of its oil and gas activities for the April-June quarter.   Its board approved the development of the Shenzi oil and gas field in the Gulf of Mexico (US) and a diamond operation in Canada, bringing to seven the total number...

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AUSTRALIA: ACCIONA to install a 200 MW wind farm in Australia with an investment of 238 million euro

(EnergyAsia, July 28) — Spain’s ACCIONA Energy said it will install a 200 MW wind farm in the Australian state of Victoria. The 238 million euros (US$1=0.83 euros) project will be half financed by the ANZ Investment Bank.   The Waubra wind farm will be the second wind energy facility installed by ACCIONA in Australia,...

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CHINA: Beijing approves Sinopec-Kuwait oil refinery-petrochemical complex

(EnergyAsia, July 28) — China has approved the construction of a US$5 billion joint venture oil refinery-petrochemical project in Nansha in Guangdong province between China Petroleum & Chemical Corp, (Sinopec) and Kuwait Petroleum Corp.   The complex includes a 12-15 million tons/year oil refining capacity and a one million ton/year ethylene capacity. The bulk of...

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THAILAND: Sustainable development as new policy

(EnergyAsia, July 28) — Thailand will focus on sustainable development as its new guiding policy in building up the economy and society.   The National Economic and Social Development Board (NESDB) recently unveiled its new policy contained in the country’s 10th economic development plan starting from October.   NESDB chief Ampon Kitti-ampon said a sustainable...

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AUSTRALIA: Woodside’s Enfield project starts oil production

(EnergyAsia, July 28) — The Enfield oil field off North West Cape in Western Australia state has begun producing crude oil, said operator Woodside Petroleum. The Australian upstream company said it has completed the hook-up, testing and commissioning of the field’s floating production storage and offloading facility. Production at the Nganhurra facility, about 50 km...

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COMPANIES: BP and GE to develop hydrogen power plants and technologies

(EnergyAsia, July 27) — BP and GE will team up to develop and deploy hydrogen power projects to dramatically reduce emissions of the greenhouse gas carbon dioxide from electricity generation. Vivienne Cox, BP’s CEO of Gas, Power and Renewables, and David L. Calhoun, vice chairman of GE and president and CEO of GE Infrastructure, signed...

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MARKETS: ESAI says US could see gasoline surplus

(EnergyAsia, July 27) — Despite sturdy but slow growing US gasoline demand, US-based energy consultant ESAI said said there is an increasing risk that European gasoline supplies could ‘swamp’ Atlantic Basin demands in the second half of 2006.   “Our 2006 US demand forecast growth is low in historic terms, but year-to-date growth is already...

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KUWAIT: GDP grew by 35% in 2005

(EnergyAsia, July 27) — Kuwait’s economy grew a whopping 35% to 23.6 billion dinar last year, following on two consecutive years of 23% growth. (US$1=0.29 dinar).   According to the National Bank of Kuwait (NBK), growth came from high oil prices and production which boosted the oil sector by 60%, while the non-oil sector rose...

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SRI LANKA: Fuel supply under threat as oil workers’ strike continues

(EnergyAsia, July 27) — Sri Lanka could be faced with a domestic fuel supply threat if five unions of the Ceylon Petroleum Corporation (Ceypetco) representing thousands of workers continued with their strike action which started Monday. They are protesting the appointment of former test cricket fast bowler Ashantha de Mel as the chairman of the...

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CHINA: IBM delivers business processes, technology infrastructure behind Dapeng LNG terminal

(EnergyAsia, July 27) —IBM China said it delivered the business processes and technology infrastructure behind China’s first liquefied natural gas (LNG) terminal in Dapeng, Guangdong province. The Dapeng LNG (DPLNG) terminal last month received and processed its first shipment of 66,000 tons of LNG from Australia, marking the start of its business operations.   Responsible...

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