CHINA: Coal-Gen Sustainability Conference to be held in Beijing from February 27 to 29

(EnergyAsia, January 25, Friday) — Coal-Gen Sustainability China 2008, a part of the Asia Energy Dialogue series, will be held in Beijing, China from February 27 to 29.China’s power industry, the second-largest in the world, is undergoing major transformation driven by the country’s rising energy demand and increasing investment by foreign power firms. Coal-Gen Sustainability (more…)

KAZAKHSTAN: Lloyd’s Register Group achieve formal recognition

(EnergyAsia, January 25, Friday) — The Lloyd’s Register Group said it has achieved formal recognition in the Republic of Kazakhstan, following the conclusion of an agreement that grants the classification society the authority to issue statutory certificates for IMO-related international conventions. The Lloyd’s Register Group will be the second classification society to be formally recognised (more…)

AUSTRALIA: BHP Billiton approves US$390 million investment in third export coal terminal in Newcastl

(EnergyAsia, January 25, Friday) — Australia resources company BHP Billiton said it has approved a US$390 million investment as its share in its third coal export project in Newcastle port on Kooragang Island. The first ship loading of coal is scheduled for late 2010. The project, managed by the Newcastle Coal Infrastructure Group Pty Ltd (more…)

SINGAPORE: Geophysical service provider CGGVeritas opens new Asia Pacific headquarters

(EnergyAsia, January 25, Friday) — CGGVeritas, a global provider of geophysical services and equipment, has opened a US$55 million state-of-the-art regional headquarters in Singapore. The facility at Serangoon North will be the company’s Asia Pacific headquarters and will house its data processing and imaging hub which has been described as the largest and most powerful (more…)

QATAR: Local firm to build a fuel storage facility and pipelines in Malawi

(EnergyAsia, January 25, Friday) — Executives of Qatar’s privately owned Venessia Petroleum recently met three ministers from Malawi to discuss its proposed $150 million investment in an oil storage project and pipelines in the African country.Venessia general manager S. Gauhar Ali Zaidi said his management met Mohammed Sidik Mia, Minister of Irrigation and Water Development,...

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JAPAN: Kyocera adopts hybrid vehicles as company cars

(EnergyAsia, January 25, Friday) — Japan’s Kyocera Corp said it will begin the full-scale adoption of fuel-efficient hybrid vehicles to help reduce carbon emissions as company cars as part of a corporate initiative to prevent global warming.The policy will cover company cars used for general sales activities and movement between plants.Kyocera currently has 194 such...

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AUSTRALIA: BHP Billiton gives six-month update on oil, gas, coal and natural resources production

(EnergyAsia, January 25, Friday) — Australia’s largest resources company BHP Billiton said its production of seven of 13 main commodities equalled or exceeded record levels production for the half year ended December 2007.The company said its newly commissioned petroleum projects contributed to a record performance. With production from these projects continuing to rise and future...

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PAKISTAN: Dubai firm interested to buy stake in Pakistan State Oil (PSO) Company

(EnergyAsia, January 25, Friday) — Dubai’s Al Ghurair Investment (AGI) said it is interested to buy a stake in Pakistan State Oil Company (PSO), which controls about 70% of the country’s retail fuels market. PSO owns and operates 3,400 fuel outlets in Pakistan.Company executives said AGI Group is interested to invest in Pakistan despite the...

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CHINA: Shaw expands operations to support growing nuclear activities

(EnergyAsia, January 25, Friday) — US-based Shaw Group Inc said the nuclear division of the Shaw Power Group has opened a new office in Shanghai city to support the rapidly growing Chinese nuclear power marketplace. The office will accommodate the Shaw project management team already working on four AP1000 nuclear reactors at power plants in...

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SINGAPORE: Ethics, Environment And Economics Set Aside In Race For Biofuels Deals

(EnergyAsia, January 25, Friday) — Despite growing public opposition to palm oil-based biodiesel in Europe, Neste Oil insists it will see through plans to build its proposed 800,000-tonne-per-year plant in Singapore. At a joint press conference with Singapore’s EDB, Neste executives stuck resolutely to the official line that the plant will have access to sustainably...

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MALAYSIA: Technip to build flexible pipe manufacturing plant in Langsat complex

(EnergyAsia, January 24, Thursday) — French engineering firm Technip said it will set up a new flexible pipe manufacturing plant in the Malaysian state of Johor. The new company, Asiaflex Products, will operate on a 20-hectare plot in the Tanjung Langsat industrial complex with direct access to a deep water quay-side. Asiaflex Products will have...

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MARKETS: OPEC expects 2008 world oil demand to grow at a faster rate of 1.3 million b/d compared wit

million b/d to a record 87.1 million b/d in 2008. The oil cartel said world oil demand rose by 1.2 million b/d or 1.4% last year. While high oil prices might have a “moderate impact” on consumers in the developed world, OPEC said it probably failed to dampen consumption in developing countries like China, India...

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INDIA: State oil companies plan huge retail expansion

to open a combined 3,000 new retail outlets this year. Indian Oil, Bharat Petroleum and Hindustan Petroleum are gearing up to meet the rising fuel demand of India’s growing motoring population. The move comes despites complaints by the companies that they are incurring huge losses of about Rs3 billion per day by selling gasoline, diesel,...

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INDIA: IOC to build joint-venture refinery in Turkey

Corporation (IOC) and its partners to build a joint venture 300,000 b/d oil refinery project in Ceyhan port. IOC’s partners in the US$5 billion project, which could expand to include a petrochemical compex, are Turkey’s Calik Energy, Italy’s ENI and Kazakhstan’s oil and gas company KazMunaiGaz. With an aim to transforming Ceyhan into an international...

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JAPAN: Solar panels on 30% of houses by 2030

panels on the roofs of 30% of houses across the country by 2030. This would sharply increase the number of solar-powered households from about 400,000 now to 14 million over the next 22 years, raising power generation capacity 30-fold from 1.3 million kilowatts. Japan’s solar power generation capacity in households and businesses stood at around...

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SOUTH KOREA: High oil costs to drive up import bill in 2008

energy import costs to rise by more than 15% this year as a result of the rising cost for oil and other energy sources. The Ministry of Commerce, Industry and Energy has predicted the country’s energy import bill to climb to nearly US$105 billion, with oil products and liquefied natural gas the most costly items....

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ENERGY: ConocoPhillips buys 50% stake in Keystone oil pipeline

ownership interest in the proposed Keystone oil pipeline linking Hardisty in Alberta to the US Midwest markets. The US$5.2-billion project calls for existing pipeline networks in Canada to be converted from delivering natural gas to crude oil, as well as the construction of another 2,200 km of new pipelines and pump stations in the US....

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INDONESIA: Federal International’s subsidiary completes first offshore pipeline installation project

(EnergyAsia, January 24, Thursday) — Singapore-listed Federal International (2000) Ltd said its subsidiary, Geo Link Nusantara Pte Ltd (GLN), has completed its first marine offshore pipeline installation project in Indonesia. GLN is a 65%-owned subsidiary of its Federal’s fully-owned subsidiary, Alton International (S) Pte Ltd. PT Geo Link Nusantara (PT GLN) with project management support...

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AUSTRALIA: AGL to develop 115-km gas pipeline

Gas Company to acquire the rights to develop and construct the Berwyndale-to-Wallumbilla (BWP) gas pipeline in southeast Queensland state. The agreement is subject to the approvals of the state and local authorities. Queensland Gas Company (QGC) has an option to take a 50% share in the pipeline project. If it exercises its option, it will...

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BRUNEI: PetroBru to undertake feasibility study to build refinery, storage terminal in new oil hub

Prime Minister’s Department to undertake a feasibility study to build an oil refinery and a storage terminal at the Pulau Muara Besar industrial park. The complex has been designated an integrated oil refining and trading hub to serve Southeast Asia’s oil markets. The department’s Petroleum Unit acting director Abdul Rahman signed on behalf of the...

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ASIA: Nine coastal cities need to shore up defence against flood threats, says new study

(EnergyAsia, January 23, Wednesday) — As many as 150 million people in the world’s major cities will need flood defences by 2070 – more than three times the 40 million people today – as a result of climate change and urban development, according to a new study covering more than 130 port cities.Nine of the...

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INDIA: ONGC revives Kakinada refinery project

(EnergyAsia, January 23, Wednesday) — India’s leading upstream company, Oil and Natural Gas Corp Ltd (ONGC), has revived plans for its 15-million-tonne-per-year refinery in Kakinada in Andhra Pradesh state.ONGC has commissioned a local bank, SBI Capital Markets, to release a study on the proposed Rs250 billion project by the end of January. (US$1 = Rs39.20).The...

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CHINA: CNOOC eyes takeover of refineries in Shandong province

(EnergyAsia, January 23, Wednesday) — China National Offshore Oil Corp (CNOOC) plans to take over a number of small oil refineries in Shandong province as it plans to boost the downstream and product supply segments of its business.CNOOC ranks as China’s third largest oil firm but mostly involved in exploration and production.The company has signed...

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INDIA: ONGC blames “unprecedented high subsidy burden” for 6.4% drop in third quarter net profit

(EnergyAsia, January 23, Wednesday) — Indian state upstream company ONGC has blamed enforced subsidies for dragging down its October-December quarterly net profits by 6.4% to Rs43.67 billion. (US$1=Rs40). Indian oil companies sell their oil products to domestic consumers at a loss as the government has refused their requests to raise prices to align them with...

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CHINA: Huge opportunities for US companies in clean energy business

(EnergyAsia, January 23, Wednesday) — China represents a huge market for US clean energy companies, said David Bohigian, US assistant secretary of commerce for market access and compliance, at the recent Sino-US Clean Energy Dialogue in Beijing.He said the US can help Chinese companies meet their enormous energy demands while deploying technology that benefits the...

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