CHINA: CNOOC to boost Huizhou refinery capacity to 22 million tons

billion yuan to expand its 12-million-tonne per year refinery in Huizhou city in Guangdong province to 22 million tonnes. (US$1=6.85 yuan). According to local media reports, China’s third largest oil company will complete the expansion and add an ethylene cracker to the complex by 2015. Work on the Huizhou complex started in 2005, and is (more…)

MALAYSIA: Khazanah, BCSGEE form JV to invest in waste-to-energy projects in China

Sciences General Energy & Environment Co Ltd (BCSGEE) have formed a joint venture to develop municipal waste-to-energy projects in China. Khazanah said it established the joint venture through its wholly-owned subsidiary, Tanjung Rhu Investments Ltd, which will have majority shareholding. The Malaysian government investment company has committed to invest up to US$150 million in at (more…)

IRAN: Kharg Island to boost crude oil storage capacity

capacity on Kharg Island by 2010.   Oil Terminals Company, a subsidiary of state National Iranian Oil Company (NIOC), said it will build four one-million-barrel tanks as part of a national programme to double up crude oil storage capacity. Construction of the tanks, located in the northeastern Persian Gulf, 25 km off the coast of (more…)

MALAYSIA: Global Process Systems-MISC JV secures multi-million dollar contract

Inc (GPS) and Malaysia’s MISC Bhd said they have been awarded a multi-million dollar contract by Malaysia’s PCPP Operating Company Sdn Bhd for the lease of two mobile offshore production units (MOPUs) for deployment off the coast of Sarawak state. The contract is worth approximately US$320 to US$360 million with an estimated capital expenditure of (more…)

SINGAPORE: Shipping firm NOL’s Q2 net profit down 19% on rising fuel cost

performance of Singapore’s container shipping firm NOL. Bunker fuel costs rose to a record close of US$764.5 per tonne FOB Singapore on July 15. Its second quarter net profit fell 19% year-on-year to US$76 million, the first decline in five quarters, on “deteriorating market conditions and significant cost pressures.” For the first half, however, it (more…)

BOOK: ‘Designing and Building Fuel Cells’ provides hands-on guide

(EnergyAsia, September 1, Monday) — ‘Designing and Building Fuel Cells’ is a hands-on guide for the design, modeling, and construction of fuel cells that perform as well or better than some of the best fuel cells on the market today. Written by Colleen S. Spiegel, the book features complete information on stack design, the latest (more…)

BOOK: ‘Fuel Cell Projects for the Evil Genius’ on how to build practical projects

(EnergyAsia, September 1, Monday) — Publisher McGraw Hill has released a book, ‘Fuel Cell Projects for the Evil Genius’, which teaches readers how to build practical, environmentally conscious projects using the three most popular and widely accessible fuel cells. Author Gavin Harper provides easy-to-follow plans that feature clear diagrams and schematics that would help readers (more…)

ABU DHABI: Masdar breaks ground on photovoltaic factory in Germany

investment into thin-film photovoltaics, Masdar, the Abu Dhabi renewable energy company, has broken ground on its first photovoltaic production plant in Ichtershausen in Germany.   The plant will use advanced production technologies to bring PV closer towards grid parity, and enhance a local economy with a rich history of manufacturing and technology.  The US$230 million (more…)

AUSTRALIA: Geothermal energy could supply 5% of national energy needs

account for 2,200MW of installed electricity and supply up to 5% of Australia’s energy needs by 2020, said an industry association. (US$1=A$1.14).   The Australian Geothermal Energy Association (AGEA) provided the finding in a report it commissioned from economic modelling firm McLennan Magasanik Associates (MMA) last month. In releasing the report at the 2008 Australian (more…)

BOOK: ‘Biofuels: Biotechnology, Chemistry, and Sustainable Development’ by David M. Mousdale

(EnergyAsia, August 29, Friday) — ‘Biofuels: Biotechnology, Chemistry, and Sustainable Development’ by David M. Mousdale. Focusing on those areas where technology meets the marketplace, the book discusses different types of biofuels, the science behind their production, the economics of their introduction to the marketplace, their environmental impacts and their implications for world agriculture.  It also (more…)

AUSTRALIA: Oxford Princeton’s oil blending course in Perth from October 6 to 8

(EnergyAsia, August 29, Friday) — The Oxford Princeton Programme will be holding a seminar, ‘Oil Blending – Petroleum products quality, management, control and adjustment’, in Perth, Australia from October 6 to 8. The seminar will introduce participants to fuel blending and other ways to change or adjust product quality. Reformulation of fuels by blending or (more…)

SINGAPORE: Swiber’s 2Q net profit up by 258.1% to US$22.2 million

(EnergyAsia, August 29, Friday) — Swiber Holdings Limited, a Singapore-based services provider to the offshore oil and gas industry, has reported earnings of US$22.2million for the three months ended June 30, up 258.1% from a year ago. Revenue surged 391.1% to US$124.5 million from the continued flow of offshore construction projects. For the six months (more…)

SINGAPORE: Keppel FELS delivers jackup rig to Maersk Contractors ahead of schedule

(EnergyAsia, August 29, Friday) — Singapore’s Keppel FELS Limited said it has delivered a jackup drilling rig to Maersk Contractors three days ahead of schedule. The ‘Maersk Resolute’ is the second in a series of four high efficiency jackups being built by Keppel FELS for Maersk Contractors. The rig has been contracted to Dong Energy (more…)

SINGAPORE: ASL Marine’s net profit soars nearly 50% to S$60.3 million

(EnergyAsia, August 29, Friday) –– ASL Marine Holdings Ltd, a Singapore-listed integrated marine company, said its FY2008 net profit surged by 49.8% to a record S$60.3 million on the back of a 25.8% increase in revenue to S$400.4 million. (US$1=S$1.4). ASL Marine attributed its financial performance to revenue contributions from all three businesses segments of (more…)

NEW ZEALAND: Austral Pacific earned NZ$4.39 million in second quarter

(EnergyAsia, August 29, Friday) — New Zealand’s Austral Pacific said it increased oil and gas sales for the second quarter, earning NZ$4,386,717. Production from the Cheal oil field reached 42,812 barrels, with 29,754 barrels as Austral’s share. The field is currently producing 400 barrels per day. The recently drilled A7 well has the potential to (more…)

CHINA: Zhaoheng Hydropower profit more than double to RMB2.2 million, revenues up 30%

(EnergyAsia, August 29, Friday) — Zhaoheng Hydropower, a US-listed leader in small-to-medium sized hydropower generation in China, said its second quarter net profit rose by 108% to $2.2 million while its revenues surged by 30% to $3.34 million over the same period last year. It attributed the growth to an increase in both electricity tariff (more…)

CHINA: SES Inc obtains approval for expansion of Hai Hua gasification project

(EnergyAsia, August 29, Friday) — Houston, US-based Synthesis Energy Systems Inc (SES) said its 95%-owned joint venture project with Shandong Hai Hua Coal & Chemical Company Ltd (SHHCCC) has been granted government approvals for the Phase II expansion of its existing project in Zaozhuang City in China’s Shandong Province. The expansion will result in additional (more…)

CHINA: Hanwei executes agreements to complete acquisition of Daqing Deta Electric

(EnergyAsia, August 29) — Vancouver, Canada-based Hanwei Energy Services Corp said it has entered into binding purchase and sale agreements for the acquisition of the 99% equity interest in China’s Daqing Deta Electric Co Ltd. The agreements will now be filed with the Chinese authorities to process the transfer of the 99% equity interest in (more…)

AUSTRALIA: BHP Billiton posts record US$$15.39-billion profit

(EnergyAsia, August 29, Friday) — Supported by Asian demand, Australian resources company BHP Billiton said it earned a record US$15.39 billion in net profit for the year ending June 30 2008. This is also a record in Australian corporate history. Revenue surged 25.3% to US$59.473 billion while basic earnings per share rose by a fifth (more…)

FILMS: Interviews with Raritan, Lubrizol, A*Star Singapore, University of Calgary

(EnergyAsia, August 28, Thursday) — EnergyAsia recently filmed interviews with senior executives from IT company Raritan and specialty chemical company Lubrizol, as well as professors from Singapore’s Agency for Science Technology and Research (A*Star) and Canada’s University of Calgary. Recordings of these interviews can be found on Raritan, a provider of green IT infrastructure (more…)

SINGAPORE: Oxford Princeton offers course on ‘Tanker Ownership, Chartering and Operations’

(EnergyAsia, August 28, Thursday) — ‘Tanker Ownership, Chartering and Operations’, a course offered by the Oxford Princeton Programme, will be held in Singapore from October 8 to 10. The course, presented in association with maritime economics and business consulting firm Richardson Lawrie Associates, will cover the transportation of crude oil, petroleum products, chemicals and natural (more…)

CHINA: Refining losses weighed heavily on PetroChina’s first half earnings

its first half earnings by 34.5% to RMB53.62 billion. (US$1=RMB6.8).   As it was not allowed to raise domestic fuel prices, its refining and marketing segment recorded an operational loss of RMB59.02 billion. The government continues has refused to let oil companies raise prices for fear it will spark inflation and cause social unrest. Despite (more…)

CHINA: Science Ministry and US Department of Agriculture to work on biofuels research

of Science and Technology (MOST) recently signed an agreement to collaborate on biofuels research. The signing came during a meeting of over 200 scientists, industry leaders and government officials at the International Conference on Sorghum for Biofuel in Houston, Texas. Existing cooperation between the two countries on science and technology was originally signed in 1979. (more…)

DUBAI: Business hub role after oil production peaked in 1991, says OBG

question concerning energy matters has not been about production, but how much it needs to fuel its robust economy, says UK-based publishing, research and consultancy organisation Oxford Business Group (OBG).   In “The Report: Dubai 2007”, the emirate’s leading foreign direct investment guide, OBG said that whereas in the 1980s the oil sector accounted for (more…)