Archive | February, 2008

RUSSIA: Gazprom, Total, StatoilHydro creates company to develop first phase of gas field project

(EnergyAsia, February 29, Friday) — Russia’s Gazprom, France’s Total and Norway’s StatoilHydro have agreed to jointly form Shtokman Development AG to develop the first phase of the Shtokman gasfield in the Barents Sea. The field is thought to hold 3.8 trillion cubic meters of gas and 37 million tons of gas condensates. Gazprom will lead […]

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NEW ZEALAND: Contact Energy invests in sustainable long-term growth

(EnergyAsia, February 29, Friday) — New Zealand’s Contact Energy said its earnings before net interest expense, income taxation, depreciation, amortisation and financial instruments (EBITDAF), edged up to NZ$281.9 million for the second half of 2007, compared with NZ$275.4 million for the same period in 2006. (US$1=NZ$1.3). After adjusting the reported profit of NZ$117.4 million for […]

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SINGAPORE: LANXESS to build 400-million euro butyl rubber plant on Jurong Island

(EnergyAsia, February 29, Friday) — Leverkusen, Germany-based specialty chemicals group LANXESS will build a 100,000 metric tonne per year butyl rubber production plant on Singapore’s Jurong Island. The 400-million-euro plant is due to be commissioned in 2011, said Axel C. Heitmann, LANXESS chairman at a press conference in Singapore. The plant, the company’s largest, will […]

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MARKETS: Supply disruptions help coal price spike

(EnergyAsia, February 29, Friday) — Supply disruptions in key coal producing parts of Australia, South Africa and China are adding to demand pressures and causing price spikes on the world markets. In South Africa, power shortages have crimped its industrial sector including its core mining, coal and metal industries. China has imposed curbs on coal […]

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