JAPAN: Chiyoda wins government award for joint multiple-site energy conservation project

(EnergyAsia, January 31) — Japanese engineering giant Chiyoda Corporation said it and Fuji Oil Co Ltd and Sumitomo Chemical Co Ltd have won the “Agency for Natural Resources and Energy Director-General’s Award” for their multiple-site low-grade energy recovery system at the 27th Energy Conserving Machinery Awards sponsored by the Japan Machinery Federation (JMF). The system...

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VIETNAM: Three German firms to develop wind power in central Quang Ngai province

 (EnergyAsia, January 31) — Three German companies have been licensed to jointly set up a wind power project in Vietnam’s central province of Quang Ngai.             Komporst Ltd., GMH Energy and We BS Energies will invest a total of US$12.5 million to set up a 10MW wind farm in Ly Son island district by 2012....

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VIETNAM: Singapore’s Amanda Group, Norway’s Aker Yards to develop shipyard for specialised offshore

(EnergyAsia, January 31) — Singapore’s Amanda Group, a diversified group with extensive business in Vietnam, has signed an agreement with one of the world’s largest shipbuilders, Aker Yards ASA of Norway, to develop a shipyard in Vietnam for specialised offshore vessels. The joint venture Ð Aker Yards Vietnam Ltd Ð in which Aker Yards and...

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SINGAPORE: Jurong Shipyard secures contract to build third newbuild deepwater semi-submersible drill

(EnergyAsia, January 31) — Jurong Shipyard, a wholly-owned subsidiary of SembCorp Marine, has secured a repeat order to build a deepwater semi-submersible drilling rig at US$524 (S$802) million for PetroRig III Pte Ltd, a subsidiary of Norway’s PetroMena AS of Norway. This is the third newbuild deepwater semi-submersible drilling rig that the owner has placed...

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MALAYSIA: Murphy Oil finds natural gas in deepwater off Sabah state

(EnergyAsia, January 31) — US-based upstream company Murphy Oil Corp said it has made a natural gas discovery in the deepwaters off Malaysia’s Sabah state. The company said it encountered significant natural gas pay in a single zone in the Rotan #1 exploration well in Block H. It drilled to a total depth of 7,024...

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INDIA: Singapore’s Swiber secures US$14.0 million charter contract

(EnergyAsia, January 31) — Singapore’s Swiber Holdings Limited said it has secured a three-year charter contract in India worth approximately US$14 million. The contract includes a two extension options of six months each which could potentially bring in another US$4.6 million for the group. The move comes as the niche service provider to the offshore...

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INDIA: ONGC, Russia’s Rosneft to expand cooperation

(EnergyAsia, January 31) — Encouraged by the “positive partnership” in the Sakhalin I Project, Indian upstream company ONGC said it and Russia’s Rosneft Oil Company have agreed to expand their cooperation to other projects in Russia, India and eslewhere. A memorandum of understanding (MoU) to this effect was signed by R.S. Sharma, ONGC’s chairman and...

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INDIA: IndianOil Corp reports Rs10.59 billion profit in October-December quarter

 (EnergyAsia, January 31) — Indian Oil Corporation Ltd (IOC) has reported making a net profit of Rs10.59 billion for the October-December 2006 quarter, reversing a Rs60 million loss for the same quarter in the previous year. For the nine months ended December 2006, IOC said its net profit came to Rs58.9 billion as against Rs8.85...

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INDIA: Bechtel, Bentley work on Jamnagar oil refinery in Gujarat state

(EnergyAsia, January 31) — US engineering giant Bechtel Corporation is using software company Bentley’s ProjectWise system to work on the Jamnagar export oil refinery project in India’s Gujarat state. In both scope and complexity, the project rivals many of Bechtel’s previous exceptional accomplishments, including Hoover Dam, the Channel Tunnel, and the Trans-Alaska Pipeline. The refinery...

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CLIMATE CHANGE: EREC, Greenpeace launch comprehensive energy strategy to tackle climate change

(EnergyAsia, January 31) — Renewable energy, combined with efficiencies from the ‘smart use’ of energy, can deliver half of the world’s energy needs by 2050, according to one of the most comprehensive plans for future sustainable energy provision launched last week.   The report: ‘Energy [R]evolution: A sustainable World Energy Outlook’, produced by the European...

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SINGAPORE: SPC’s profits down 29.5%, revenue at record S$8.57 billion

(EnergyAsia, January 30) — Poor refining margins cause net profits at Singapore Petroleum Company to fall 29.5% to S$284.6 million for 2006 while revenues climbed 14.7% to a record S$8.57 billion. (US$1.54). The company said average refining margin was down to US$3 a barrel in the second half compared to more than US$6 a barrel...

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ASIA: ADB says access to energy is key to reducing poverty

(EnergyAsia, January 30) — Providing access to energy is a prerequisite for reducing poverty in the region, a senior ADB official told the Delhi Sustainable Development Summit last week. Lack of access to energy is severely affecting the productivity and health of the poor, said Bindu N. Lohani, director general of ADB’s Regional and Sustainable...

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AUSTRALIA: Adelaide Resources to begin uranium exploration programme in South Australia state

(EnergyAsia, January 30) — Adelaide Resources Limited said it will launch an intensive uranium exploration drilling programme in South Australia state next month. The 4,000-metre basement programme will take place on two of Adelaide Resources’ wholly owned projects. Together with its recent joint venture commitments, Adelaide Resources said it will be involved in more than...

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CHINA: Titan Petrochemicals starts up oil and petrochemical storage terminal in Guangzhou

(EnergyAsia, January 30) — Singapore-based Titan Petrochemicals Group Limited last week started up the first phase 410,000-cubic metre oil storage facility of its 1.8-million-cubic metre terminal in Guangdong’s Nansha district in southern China. The second phase of 1.39-million cubic metre capacity is due for completion next year.   About 37% of its capacity will be...

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MALAYSIA: Foster Wheeler awarded EPC contract for refinery project in Melaka

(EnergyAsia, January 30) — Foster Wheeler Ltd said its subsidiary, Foster Wheeler E&C (Malaysia) Sdn. Bhd, has been awarded a contract by Malaysian Refining Company Sdn Bhd (MRC) for the basic design engineering package (BDEP) and the engineering, procurement and construction management (EPC) for a debottlenecking and revamp project at its PSR-2 Melaka refinery in...

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MARKETS: Governments’ stockpiling plans fan energy security fears, support oil prices

(EnergyAsia, January 30) — Governments, not speculators, hedge funds, consumers or even OPEC, are ensuring oil prices will remain firmly supported in the coming years as they step up their stockbuilding programmes. Ironically, their plans to build stocks will only add to energy supply fears although they are intended to bolster security of supply. The...

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NEW ZEALAND: NZOG completes capital raising

(EnergyAsia, January 30) — Further to New Zealand Oil & Gas Limited’s announcement of the results of its pro rata rights issue on January 24, the company said that it has arranged to place a further 8.2 million shares and options to meet market demand. This placement is being made in accordance with NZ Stock...

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OMAN: UK’s Wood Group signs long-term maintenance agreement with Suez for 665MW power plant

(EnergyAsia, January 30) — Wood Group Gas Turbine Services division, part of the UK’s John Wood Group PLC, said it has been awarded  a 16-year contract by subsidiaries of Suez Energy International for the maintenance of eight GE Frame 9E gas turbines located at the former Al-Rusail Power Company in Oman.   The 16-year contract,...

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RUSSIA: Sakhalin Energy awards US$8.7 million high-tech contract to local company

(EnergyAsia, January 30) — Sakhalin Energy Investment Company Ltd said it has awarded a new contract to a Russian enterprise 230 million roubles (about US $8.7 million) to supply two gas turbine driven crude oil booster pump packages. The contract was awarded to OAO Aviadvigatel, a Russian manufacturing company based in the city of Perm....

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MIDDLE EAST: District cooling investments could reach US$ 30 billion over the next 10 years

(EnergyAsia, January 30) — Investments in the Middle East district cooling sector could reach between US$10 billion and US$30 billion over the next 10 years according to an estimate by its leading industry body.   The US-headquartered International District Energy Association (IDEA) – which works to advance global environmental quality through efficient district energy Ð...

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AUSTRALIA: Santos reports record 2006 production

(EnergyAsia, January 29) — Australian upstream company Santos has reported a record annual production of 61 million barrels of oil equivalent (mmboe) for 2006.   The result, at the upper end of the company’s forecast range, was 9% higher than the 2005 production of 56 mmboe and 7% higher than Santos’ previous record production of...

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KOREA: Court fined five oil refiners 81 billion won for price rigging

(EnergyAsia, January 29) — A South Korean court has ordered five oil refiners to pay a total of 81 billion won in compensation to the Defence Ministry for their role in fixing the price of fuels supplied to the military. (US$1=950 won).   SK Corp, SK Incheon Oil, Hyundai Oilbank, GS Caltex and S-Oil were...

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INDIA: Foster Wheeler wins Indian Oil Corp contract for world-scale refinery and petrochemicals comp

(EnergyAsia, January 29) — Foster Wheeler Ltd said that subsidiaries Foster Wheeler Energy Limited and Foster Wheeler India Private Limited have been awarded services contracts by Indian Oil Corporation Limited (IOCL) for one of the largest integrated refinery petrochemicals complexes in northern India. The world-scale facility, comprising a new export refinery and petrochemicals complex, will...

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KOREA: Hyundai Heavy Industries, Finland’s W’rtsil’ to set up joint venture for dual-fuel engines fo

(EnergyAsia, January 29) — Finland’s W’rtsil’ Corp and Korea’s Hyundai Heavy Industries Co. Ltd (HHI) have agreed to set up an equal joint venture in Korea to manufacture dual-fuel engines for liquefied natural gas (LNG) carriers.  The partners will each invest EUR 29 million to set up W’rtsil’ Hyundai Engine Company Ltd in South Korea....

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SINGAPORE: Biodiesel to be offered on trial at Shell stations

(EnergyAsia, January 29) — A group of private companies and government agencies last month signed a Memorandum of Understanding (MOU) to kickstart a biodiesel testbedding project that would involve the testing and evaluation of biodiesel in modern diesel-powered cars in Singapore.   The project is part of Singapore’s efforts to develop and testbed energy solutions...

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