SINGAPORE: ‘Fuel Oil and Bunker Trading’ from July 24 to 25

(EnergyAsia, June 27, Friday) — ‘Fuel Oil and Bunker Trading’, an international oil supply and trading seminar, will be held in Singapore from July 24 to 25. The course aims to provide a clear understanding of the oil markets including oil refining economics and product quality, price structure, supply, trading and transportation fundamentals. Issues related (more…)

CHINA: Shell, Qatar PetrolEvolution Solar in talks to acquire Hong Kong-based R&D corporation

Petroleum and PetroChina Company have signed a letter of intent to undertake a joint feasibility study for a refining and petrochemical project in China. PetroChina will have a 51% shareholding, QPI 24.5% and Shell 24.5% in the project. The agreement was signed in Doha by Abdulla Bin Hamad Al Attiyah, Qatar’s Deputy Prime Minister, Jiang (more…)

CHINA: Evolution Solar in talks to acquire Hong Kong-based R&D corporation

to acquire a Hong Kong corporation specialising in R&D and procurement. Technology currently exists for analysing cost and performance of solar systems, developing parabolic trough technology for solar electricity generation, and developing advanced technologies such as concentrating photovoltaics (solar panels). The Holy Grail for solar panel manufacturers is to engineer and commercially manufacture solar panels (more…)

KOREA: Shaw to lead consortium in support of Hyundai Oilbank’s major refinery expansion

been selected to provide professional services and procurement of critical equipment for a major grassroots expansion of Hyundai Oilbank’s refinery complex in Daesan, South Korea. Shaw, along with consortium partner Hyundai Engineering Co Ltd, will provide front-end engineering design for the integration of 15 refinery process units, including a 52,000- barrel per day residue fluidised (more…)

INDIA: AREVA awarded 19-million euro contract for switchyard with transformers in Uttar Pradesh

India has been awarded a 19 million euros contract to supply a 400/220 kV turnkey switchyard with transformers in Uttar Pradesh state. The contract, awarded by UP Rajya Vidyut Utpadam Nigam Ltd, will require AREVA to design, engineer, manufacture, erect and commission the switchyard for the Parichha thermal power project extension (2X250 MW) in Jhansi (more…)

BOOK: ‘Petrochemicals in Nontechnical Language’, 3rd edition

(EnergyAsia, June 26, Thursday) — ‘Petrochemicals in Nontechnical Language’ is an authoritative book that has been re-written and expanded to include extra chapters on methyl tertiary butyl ether and higher alcohols. Packed with diagrams and tables, the third edition of this book will provide a clear and comprehensive primer for anyone seeking to understand the (more…)

BOOK: Wiley publishes practical guide on oil refineries

(EnergyAsia, June 26, Thursday) — ‘Oil Refineries in the 21st Century: Energy Efficient, Cost Effective, Environmentally Benign’ is a practical guide for engineers, managers and consultants involved in the refining industry. The book provides a detailed approach to the methodology, information and criteria necessary for analysing energy use, economics and the environmental impact of refineries (more…)

BOOK: ‘Renewables-Based Technology: Sustainability Assessment’ first in ‘Wiley Renewable Resources’

(EnergyAsia, June 26, Thursday) — ‘Renewables-Based Technology: Sustainability Assessment’, the first book in the ‘Wiley Renewable Resources’ series, covers a range of sustainability assessment methods and their uses. Sustainability is a key driving force for industries in the energy, chemical, food, packaging, agricultural and pharmaceutical sectors. These days, company reports incorporate quantitative sustainability indicators. This (more…)

SAUDI ARABIA: SABIC and China’s Sinopec sign agreement to expand Tianjin industrial complex

Petrochemical Corporation (Sinopec) said they have signed a strategic cooperation agreement to expand their partnership at the Tianjin industrial complex in China that is currently under construction. The agreement, signed during the visit of Chinese Vice President Xi Jinping to Jeddah city, is designed to expand the heads of agreement (HOA) signed by the two (more…)

SINGAPORE: Linde Gas to invest S$30 million in industrial gas facility on Jurong Island

expand its existing hydrogen, carbon monoxide and syngas (HyCO) facility on Jurong Island to supply Lucite International Singapore Pte Ltd with carbon monoxide for their new Alpha 1 project. Linde Gas is a subsidiary of The Linde Group leading gases and engineering company. In 2007, Linde Gas Singapore signed a long-term agreement to supply carbon (more…)

SINGAPORE: PowerSeraya to invest S$20 million in new storage and blending tanks

to add 25,000 cubic metres of storage capacity to blend fuel oil for its own use and to serve its customers. The move will advance its plans to become an integrated energy player in Asia. To be completed in the last quarter of 2009, the tanks will expand the company’s fuel oil range and flexibility (more…)

AUSTRALIA: Origin seeks ideas for water use

on how it can optimise the commercial and beneficial uses of water produced and treated at its coal seam gas (CSG) operations in south western Queensland state. The company said the water is processed on site at its A$20-million nine mega-litre water treatment facility near Roma, the first fully integrated CSG water treatment facility in (more…)

AUSTRALIA: Santos provides update on natural gas production interruption off Western Australia state

updating the June 3 interruption of natural gas production off Varanus Island in Western Australia state. A pipeline rupture and fire on the production hub on the island led to the complete stoppage of production from both the East Spar Joint Venture (processing and exporting gas from the John Brookes field) and the Harriet Joint (more…)

CHINA: Houston-based AEI makes first power generation business

interests in essential energy infrastructure businesses, said it has acquired a 50% interest in China-based Luoyang Sunshine Cogeneration Co Ltd. Based in Henan province, Luoyang owns a regulated 270 MW cogeneration power plant, consisting of two 440 ton/hr CFB boilers and two 135MW condensing / extraction steam turbine generators. It is the sole provider of (more…)

MARKETS: Solar could be cost competitive by 2015, says study

cost- effective hedge against fossil fuels and will likely reach cost parity with conventional energy sources in most regions of the US in less than a decade. The Utility Solar Assessment (USA) study, produced by clean-tech research and publishing firm Clean Edge and green-economy non-profit Co-op America, said that as solar prices decline and the (more…)

SINGAPORE: Rotary Engineering awarded two contracts worth S$102 million

(EnergyAsia, June 25, Wednesday) — Rotary Engineering Limited, a Singapore-based provider of engineering, procurement, construction and maintenance services for the oil, gas and petrochemical industries, said it has secured two engineering, procurement and construction contracts of worth S$102 million from the Oiltanking Group. (US$1=S$1.35). Rotary’s first contract of S$60.1 million, awarded by Oiltanking Odfjell Terminal (more…)

PAKISTAN: Abu Dhabi’s IPIC to invest in oil refinery

(EnergyAsia, June 25, Wednesday) — Abu Dhabi’s International Petroleum Investment Company (IPIC) said it plans to invest in a 250,000 b/d oil refinery in Pakistan. IPIC will hold a 74% stake in the project with Pakistan’s government owning the remaining 26% stake. IPIC is expected to soon the award of engineering contracts for the project. (more…)

CHINA: Big cities continuing to ration fuel

(EnergyAsia, June 25, Wednesday) — Fuel rationing remains in force in Beijing, Shanghai, Guangzhou and Ningbo and other major cities in China as oil companies and users continue to cast a wary eye on supplies. Parts of the country have had to deal with severe fuel shortages most of this year as domestic oil companies (more…)

INDIA: Economy threatened by fuel price hikes

(EnergyAsia, June 25, Wednesday) — India’s economy will slow significantly if domestic fuel prices are allowed to rise further in line with world oil prices, which have been hovering well above $130 a barrel for some weeks, analysts warn. On June 4, for the second time this year, the government raised gasoline and diesel prices (more…)

INDIA: Only state oil companies to benefit from refining incentives

(EnergyAsia, June 25, Wednesday) — The Indian government said it will give tax breaks to local oil companies to encourage them to invest in additional oil refining capacity. Officials declined to reveal why the incentives will not be extended to private and foreign refiners. The scheme’s beneficiaries will be the state-owned companies like Indian Oil, (more…)

INDONESIA: Oil, gas money drive tax revenues

(EnergyAsia, June 25, Wednesday) — The Indonesian government said its tax revenue rose by over 47% in the first five month of 2008 to reach Rp217 trillion on the back of higher income from the sale of oil, gas and other natural resources. (US$1=Rp9,200). Thanks to record high prices, revenues from oil and gas exceeded (more…)

INDIA: Infrastructure company GMR wants to take over ONGC’s stake in Kakinada oil refinery

(EnergyAsia, June 25, Wednesday) — Indian infrastructure company GMR has offered to take over ONGC’s stake in the proposed Rs310 billion refinery and petrochemical complex in Kakinada in Andhra Pradesh state. (US$1=Rs42). Upstream company ONGC had proposed to develop the project if the Andhra Pradesh state government had agreed to provide tax incentives worth a (more…)

MARKETS: Jeddah energy meeting calls for steps to achieve “stability”, says IMF

(EnergyAsia, June 25, Wednesday) — The meeting of major oil producing and consuming countries in Jeddah, Saudi Arabia on June 22 focused the world’s attention on the detrimental impact of high oil prices, and the need for “strong” policies to reverse market sentiment, said the International Monetary Fund (IMF). The meeting also ended with Saudi (more…)

MALAYSIA: ‘National Photovoltaic Conference 2008’ to be held at Putrajaya on August 14

(EnergyAsia, June 25, Wednesday) — The ‘National Photovoltaic Conference 2008 (NPVC 2008)’ will be held at the Putrajaya Marriott Hotel south of Kuala Lumpur, Malaysia on August 14. The conference, in line with the national objective of promoting the use of solar energy as an alternative to fossil fuels, will provide a platform for policy (more…)