(EnergyAsia, April 30, Wednesday) — China’s refined oil traders will need to maintain a minimum commercial reserve of 15 days of sales effective May 1 under a new mandate issued by the central government. The measure is aimed at reducing the fuel shortages and rationing that have plagued China over the past year and to…
(EnergyAsia, April 30, Wednesday) — Indian Oil Corporation (IOC) plans to boost its 47 million tonnes of refining capacity to 80 million tonnes per year by 2012 in a bid to make India a leading oil refining hub in the world. IOC’s projects include a large petrochemicals complex at Panipat in the northern state of…
(EnergyAsia, April 30, Wednesday) — India’s airlines are making a beeline for the Rajiv Gandhi International Airport (RGIA) in Hyderabad to fill up their planes because it offers the country’s cheapest aviation turbine or jet fuel. The low cost is due to the airport’s new open-access competitive systems for jet fuel supplies and a sharp…
(EnergyAsia, April 30, Wednesday) — India’s Reliance Industries is seeking to acquire or invest in oil storage terminals in key locations around the world as it embarks on a more aggressive global trading strategy. This will take into account the start-up of its new 580,000 b/d export refinery at Jamnagar in India’s western Gujarat state…
(EnergyAsia, April 30, Wednesday) — Nippon Oil, Japan’s biggest oil refiner, plans to convert its majority-owned Toyama refinery into an oil storage terminal facility from next March. The move comes amid declining oil demand in Japan, the world’s third-biggest consumer of oil. The 60,000 b/d Toyama refinery in northern Japan is operated by Nihonkai Oil,…
(EnergyAsia, April 30, Wednesday) — The US government will continue to buy crude oil for its strategic petroleum reserves (SPR) even with oil prices holding are well above US$100 a barrel, officials said. The US Energy Department expects to spend almost US$600 million to replace the 11 million barrels of crude it sold to refineries…
(EnergyAsia, April 30, Wednesday) — Philippine oil firm Petron is looking for an alternative storage site to replace its Pandacan oil depot which is under orders by the Supreme Court to be relocated. One option would be for a build-operate-transfer deal under which a third party investor would finance the construction of a new…
(EnergyAsia, April 30, Wednesday) — PetroVietnam has signed a joint venture deal with Japanese and Kuwaiti partners for a $6 billion oil refinery-petrochemicals complex in Nghi Son in Thanh Hoa province. PetroVietnam will be teaming up with Kuwait Petroleum International (KPI), and Japan’s Idemitsu Kosan and Mitsui Chemicals to build the plant located south of…
(EnergyAsia, April 30, Wednesday) — Citing the threat of rising fuel costs, Australia’s Qantas airlines said it will suspend share buybacks and raise air fares from May 9 to maintain profitability. Domestic fares will increase by approximately 3.5% while international fares will rise by around 3% for all Qantas and QantasLink routes across all classes….
(EnergyAsia, April 30, Wednesday) — The power plant of Hong Kong-based’s CLP-owned Samana Wind Farm was recently inaugurated by the Chief Minister of India’s Guarant state, Narendra Modi at a reception attended by Energy Minister Shri Saurabh Patel and Minister for Water and Irrigation Shri Nitin Patel. CLP India will invest Rs5 billion in the…
(EnergyAsia, April 29, Tuesday) — China and India are ready to help build new oil refineries in Nigeria, which increasingly is exporting its crude to Asia. The refineries would process Nigerian crude for its domestic market as well as for export of finished products to China and India. Despite its role as Africa’s largest oil…
(EnergyAsia, April 29, Tuesday) — Car travel is not sustainable and needs to be drastically curbed to help reduce global greenhouse gas emissions, a professor from Australia’s Monash University argued in a new research paper. Damon Honnery said governments must focus on phasing out private car travel, for the sake of energy efficiency and lower…
(EnergyAsia, April 29, Tuesday) — The International Monetary Fund (IMF) has predicted Asia’s economic growth to slow down by 1.25 percentage points to 6.2% in 2008 due to the weak outlook for the advanced economies. While Asia’s prospects will remain buoyant, led by continued strong performances by China and India, the IMF’s April Regional Economic…
(EnergyAsia, April 29, Tuesday) — IndianOil Corp said its share of the domestic oil market grew to 48.9% in FY2007 following an 8.7% rise in its sale of oil products. As its refineries increased production, the company saw sales hit a record 58.3 million tonnes while export of oil products rose 8.5% to 3.3 million…
(EnergyAsia, April 29, Tuesday) — Two hundred megawatts of highly efficient gas-fired peaking capacity to support increasing levels of renewable electricity generation have come a step closer, with Contact Energy executing contracts to purchase two fast-start gas turbine peaking units. Contact Energy CEO, David Baldwin, recently signed an agreement with General Electric (GE) to purchase…
(EnergyAsia, April 29, Tuesday) — China National Offshore Oil Corporation (CNOOC) said it is on track to complete its new 12-million tonne per year refinery at Huizhou in the southern province of Guangdong in October. It will be the upstream company’s first oil refinery, which could be eventually expanded to 24- million tonnes per year….
(EnergyAsia, April 29, Tuesday) — ‘Eco Expo Asia’ will be held at the AsiaWorld-Expo in Hong Kong from October 28 to 31 and will feature four new topics: Air Quality, Eco-friendly Products, Energy Efficiency and Waste and Recycling.
The US Commercial Service published a report in 2007 called ‘Hong Kong (Pearl River Delta): Pollution Prevention and Energy Efficiency (P2E2) Technologies’ stating the Chinese government’s efforts to combat environmental challenges and achieving environmental sustainability.
The Chinese government’s 11th Five-Year Plan from 2006 to 2010 calls for US$186 billion worth of investment in pollution control and improvement to the environment.
The mainland and Hong Kong governments have established the policy and legal frameworks for the promotion and implementation of environmentally friendly measures in the economy.
These measures aim to encourage manufacturing industries in the region to practise cleaner production through better management and use of modern technology.
According to Federation of Hong Kong Industries, over 100,000 factories and manufacturing enterprises in the Pearl River Delta (PRD) require new environmental technologies and products that would improve plant facilities and enable them to adhere to governmental laws and increase cost efficiency. The government is also undertaking various steps to address climate change, improve energy efficiency and waste management.
Eco Expo Asia aims to serve as the bridge for eco products manufacturers, service providers and buyers by creating networking and environmental business opportunities.
Last year, the event attracted over 130 exhibitors and 5,000 visitors. Ehibitors showcased products and services in air quality, eco-friendly product, energy efficiency and waste and recycling categories respectively.
The ‘Air Quality’ category will feature products and services such as air pollution and gas emission control, air purification, filtration and deodorisation technology and equipment, desulphurisation and dust control technology and equipment and gas, smoke and chemical monitoring and treatment equipment while the ‘Eco-friendly product’ exhibits will include biodegradable and eco-friendly raw materials, biodegradable and recycled products and packaging, eco-friendly materials for construction and fitting and green decorative materials.
The ‘Energy Efficiency’ category will focus on energy efficient applications in architecture, vehicles and energy saving devices and products and ‘Waste and Recycling’ will showcase biological treatment equipment, oil recycling technology and equipment, solid waste treatment, incineration and recycling systems; transport, collection and sorting of waste; and waste water recycling technology and equipment.
The ‘Eco Expo Asia’ will run concurrently with ‘Eco Asia Conference’ at the AsiaWorld-Expo. The conference will also focus on the four major highlights of Eco Expo Asia, further augmenting the importance of these four categories.
‘Eco Expo Asia’ and ‘Eco Asia Conference’ is organised by HKTDC. For more information, please contact Admin@Energyasia.com.
(EnergyAsia, April 29, Tuesday) — ‘Aviation Outlook and Jetfuels 2008’ will be held at the Hotel Intercontinental in Singapore from June 25 to 26.
With aviation fuel becoming a bigger cost component for airlines, the industry needs to urgently address this growing threat to their survival.
The conference will address the key initiatives in driving jet fuel efficiency and the development of alternative fuels and fuel efficient aircrafts. Topics addressed include the global outlook for the industry, demand in China and India, economics and cost control and future developments for jet fuel.
Delegates will gain a greater understanding of the aviation market and its driving forces, India’s booming aviation industry, the world’s jet fuel market, price outlook and the progress towards greener fuels.
Speakers at the event include Andrew Herdman (Association of Asia Pacific Airlines), Chris Schroeder (International Air Transport Association (IATA)), Con Korfiatis (Viva Macau), Jeh Wadia (Go Air India), Gerry Oh (Jet Airways), Germal Singh Khera (Malaysian Airlines), Paul Young (Platts), Yeo Yu Kin (Purvin and Gertz), Ratan Shrivastava (Frost and Sullivan) and Richard Taylor (SGS (Thailand) Pte Ltd).
This conference is recommended for fuel management and procurement managers, refinery managers, fuel farm operators from airlines and airports, oil traders, in-plane fuel operators, fueling equipment suppliers, civil aviation authorities, fuel management consultants, aircraft engine manufacturers, analyst and investment bankers, trade union organisations and government representatives.
The conference is organised by IBC Asia. For more information, please contact Admin@EnergyAsia.com.
(EnergyAsia, April 29, Tuesday) — ‘Investing in Infrastructure Assets Asia 2008’will be held at the Grand Hyatt Hotel in Singapore from June 9 to 13.
The event will bring together global investors from five continents to meet infrastructure owners and regulators from over 10 countries to discuss the regulatory investment climate in Asia, how to raise capital, as well as to showcase upcoming bankable projects in need of capital.
Topics covered include regulation developments across the region, realities of structuring and financing public-private partnership in Asia, evaluating effectiveness of various capital rising options, debt capital raising, infrastructure assets investment, investment allocation and portfolio management and opportunities in power projects, ports, toll roads, water, oil and gas and telecommunications.
The event will also feature a pre-conference class, ‘A-Z of raising capital from an infrastructure fund’, on June 9. The class will provide an introduction and history of an infrastructure fund, and several listed and unlisted funds. Delegates will also learn about investor appetite for funds in Asia, raising capital through infrastructure, key regulatory and taxation policies in the region and understanding opportunities for cross border listing.
Two post-conference classes will be held on June 13. ‘Structuring funds and co-investment transactions: A practical guide to legal, tax and regulatory issues’ offers participants a comprehensive guide to the legal, tax and regulatory issues relating to structuring infrastructure funds and co-investment transactions. ‘How to set up a business infrastructure trust’ will provide delegates with an understanding of a business trust and discuss its advantages and disadvantages.
Speakers at the event include Jon Addison (Meat Industry Employees’ Superannuation Fund), Hans-Martin Aerts (ABP Investments Asia Ltd), Peter Amour (AIF Capital), Prapatpaow Awakul (Department of Highways), Bobby Bhatia (AIG Financial Products), Anand (National Highways Authority of India), Ved Prakash Chaturvedi (Tata Mutual Funds), Narantungalag Chimedbaljir (Information Communication Network Company), Amar Fadia (Essar Group), Nino Ficca (SP AusNet),
Imad Ghandour (Gulf Capital), Gajendra Haldea (Infrastructure Planning Commission), Thomas Preben Hansen (Rickmers Maritime), Parno Isworo (PT PLN (Persero)), Jaap Kalkman (Arcapita), HD Khunteta (Rural Electrification Corporation), Shri S. Surinder Kohli (India Infrastructure Finance),
Okyu Kwon (Deputy Prime Minister of Korea), Wiliam Lean (VinaCapital), Gary Lucas (John Laing PLC), Kola Luu (Monetary Authority of Singapore), Andy Mukherjee (Bloomberg), TC Nair (SEBI), Ali Naqvi (IFC), Vu Van Ninh (Ministry of Finance), L Radhakrishnan (International Deepwater Seaport & Container Transshipment Terminal), Hywel Rees-Jones (CDC Group), Sang-Hyon Ryu (National Pension Service Korea), Zafar Sareshwala (Parsoli Corporation), Eddy Satriya (Coordinating Ministry for Economic Affairs),
Woonki Sung (Darby Hana Infrastructure Fund Management), Bambang Susantono (Ministry for Economic Affairs, Indonesia), Froilan Tampinco (PSALM), Martijn (PGGM), Cho Wee Peng (Hyflux Ltd), Joe Yamagata (Asian Development Bank).
‘Investing in Infrastructure Assets Asia 2008’ is organised by Terrapinn Pte Ltd. For more information on this event, please contact Admin@EnergyAsia.com.
(EnergyAsia, April 29, Tuesday) — Norway’s Stolt-Nielsen SA said its Stolt Tankers & Terminals (ST&T) division has been awarded the opportunity to construct a chemical storage terminal on 15 hectares of vacant land on Singapore’s oil and petrochemicals hub on Jurong Island. The Oslo-listed company said it has received a formal notice of the award from the Singapore Economic Development Board (EDB).
The company added that the development of the site is subject to a number of additional agreements between the local authorities and ST&T as well as Stolt-Nielsen S.A. board approval.
The company plans to complete the terminal in the second half of 2010 with the capacity to store 325,000 cubic meters of liquids.
“We are pleased to have been chosen as the preferred chemical logistics service provider, which opens the way for the construction of a new state-of-the-art terminal to meet the growing needs for bulk-liquid storage of chemical manufacturers and customers in the Southeast Asia region,” said Andrew Pickering, managing director for the company’s Asia Pacific operations.
“Stolt-Nielsen already has a significant presence in the region with commercial and ship management offices, tank container depots, bulk-liquid storage terminals, and deep sea and regional shipping networks. Jurong Island is a vital link in the global supply chain for bulk-liquid chemicals and we look forward to expanding our relationships and presence there.”
Stolt-Nielsen SA is a world leader in providing transportation services for bulk liquid chemicals, edible oils, acids, and other specialty liquids. , it provides integrated transportation solutions for its customers through the parcel tanker, tank container, terminal, rail and barge services of its wholly owned subsidiaries Stolt Tankers & Terminals and Stolt Tank Containers.
(EnergyAsia, April 28, Monday) — ‘Asia Gas 2008 Conference’ will be held at the Grand Copthorne Waterfront Hotel in Singapore form May 29 to 30.
The conference will feature case studies on Indonesia’s gas industry and its stake in the domestic power market with demand trends and opportunities in the country’s gas to power market, Thailand’s policy and its energy strategies, supply and demand of natural gas and current exploration and production activities, China’s needs and demands and the market challenges and opportunities and Asia’s market and Singapore as a trading partner to in the global LNG market.
Delegates will learn about the impact of the oil and gas price rise and climate change issues on the trade, challenges for the Southeast Asia in today’s highly competitive industry, cogeneration and energy efficiency in buildings, human resource challenges, benefits of LNG, and mid-scale and mini-LNG liquefaction solutions for exploration and production.
They will also discuss the needs of Asian power generation and utility markets, gas monetisation, China’s LNG supply options, expectations for world gas supply, commercial and operational challenges in LNG shipping and marine transportation of compressed natural gas (CNG).
Speakers at the event include Sarawut Kaewtathip (Ministry of Energy, Thailand), Steve Puckett (Tri-zen International), Dennis J. Ryan (Black & Veatch, Energy), ShenYi Yang (United Nations Development Programme (UNDP)), Chris de Lavigne and Ravi Krishnaswamy (Frost & Sullivan), David Yip (Merrill Lynch Asia Pacific), Poul Kristensen (Independent Energy Network), KC See (Quest Group of Companies), Tony Regan (Nexant), Seah Siew Hua (Argus Media), Joseph Anderson (Morrison & Foerster LLP), Divay Goel (Drewry Maritime Services), A.K. Seah (ABS Pacific) and Ian Gorman (Molopo Australia).
‘Asia Gas 2008 Conference’ is organised by the Asia Business Forum. For more information, please contact Admin@EnergyAsia.com.
(EnergyAsia, April 28, Monday) — The security and availability of oil is critical as it directly affects the world’s economic, political and social stability.
‘Infrastructure Security in Oil and Gas 2008’ which will be held at the Le Meridien Hotel in Jakarta, Indonesia from May 27 to 28 will address current issues faced by the industry.
The conference will discuss energy security challenges and how countries and companies can develop a credible system to protect their assets, measure the effectiveness of the assets protection system, analyse security threats and plan a risk mitigation strategy. Companies need to understand the role of corporate social responsibility (CSR) in developing countries, how to manage vandalism and sabotage, develop best practices for protecting oil and gas infrastructure and assets, and techniques in selecting and assessing the capability of tactical response group.
Two pre-conference workshops will be held on May 26.
‘Developing a world class protection system for your oil and gas project’ aims to identify the actions necessary to lift core aspects of security performance to a level where the most determined adversaries are deterred. It will be led by Michael Humphreys of Control-Risks.
‘Lessons learned from security critical infrastructure’ aims to help delegates assess the security system to minimise risk, the different techniques used in testing the system in the process control applications and provide insight to the best practices and methodology used by other oil and gas companies. This workshop will be led by Kegan Kawano, a senior security consultant for Industrial Defender.
Speakers at the event include Jean Perois (Dolphin Energy Limited), Suhendro W. Sentanu (BP Migas), Brett Peppler (Australian Homeland Security Research Centre), Dasriel Noeha (Sigap Prima Astrea), Kegan Kawano (Industrial Defender Inc), H.S Pannu (Relliance India), Michael Humphreys (Control-Risks), Baruno Subroto (Chevron Indonesia), Whisnu Bharata (BP Indonesia), S.N.Ojha (Essar Oil), Chris Humphrey (Global Strategies Group) and Carlos Tan (Petron Corporation).
This event is organised by K2B International. For more information, please contact Admin@EnergyAsia.com.
(EnergyAsia, April 28, Monday) — Pakistan’s total refining capacity now stands at 13.5 million tonnes per year, although actual output is only just under 11 million tonnes per year. The country’s largest refiner is Pak-Arab Refinery Limited (PARCO) with a capacity of 4.5 million tonnes per year. The other refiners include Pakistan Refinery Limited (ARL)…
(EnergyAsia, April 28, Monday) — Oil prices will have to stay above US$70 per barrel to justify investments in exploration and production projects, French oil major Total reckons. Crude oil prices have stayed above $100 for most of 2008, touching a record $119.90 on April 22. Like most companies, Total is under growing pressure to…
(EnergyAsia, April 28, Monday) — The budget for a proposed oil refinery project in Malaysia’s Kedah state has reached a new high of RM83 billion, up from earlier estimates of RM50 billion. (US$1 = RM3.13). Its promoters blamed the increased cost estimate on the decision to locate the “Kedah Hydrocrabon Hub” on a four-sq-km man-made…