INDIA: Indian Oil Corp to expand Mathura refinery

eight-million-tonnes per year Mathura oil refinery in Uttar Pradesh state once it clears all environmental approvals. IOC aims to raise Mathura’s capacity to 11 million tonnes per year as well as boost its ability to process more high-sulphur crude. Mathura currently processes a mix of low and high sulphur crude oil. India’s largest refining company…

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INDIA: Residents oppose IOC’s plan to relocate oil depot

strong resistance from residents to its plans to relocate an oil depot in Orissa state. IOC wants to shift the depot in Berhampur in southern Orissa to Jatni. The plan is being opposed by workers and families in Berhampur who rely on the depot for their livelihood. Local businesses in the nearby Ganjam district are…

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KUWAIT: Politics stall big oil refinery project

much needed giant oil refinery worth around US$15 billion. The government has referred the project to the country’s audit bureau to investigate alleged irregularities in contract awards to a consortium of Japanese and South Korean firms and US engineering firm Fluor. Opposition politicians want contract bidding for the project to be handled by an independent…

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PHILIPPINES: Shell said ready to submit plan for public listing

to submit plans for a listing on the Manila stock exchange, subject to some details being sorted out. Under Philippine law, oil refiners have to list at least 10% of their stock on the Philippine Stock Exchange as spelt out under the Downstream Oil Industry Deregulation Act of 1998. However, officials said it is unlikely…

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SRI LANKA: Port authority to upgrade Colombo bunker storage

bunker storage terminal in Colombo. The terminal requires repairs and replacements of parts and equipment. The port authority is taking over the terminal from Lanka Marine Services following a ruling by Sri Lanka’s Supreme Court to promote competition in bunker supplies and terminal operations in Colombo. Following the takeover by Sri Lanka Ports Authority, the…

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VIETNAM: Refined oil demand could rise 10% by 2010

to 10% a year through to 2010. Vietnam expects to start up a new 140,000 b/d refinery, the country’s first, early next year to meet about 40% of domestic consumption. State PetroVietnam is also planning to build another two refineries. Southeast Asia’s third largest producer of crude oil has no refinery and imports all its…

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COMPANY: Consultant KBC launched new alternative fuels and feedstocks service

(EnergyAsia, September 30, Monday) – KBC Advanced Technology plc (KBC) said it has launched an alternative fuels and feedstocks service (AFFS) in response to changes in the market including the high price of crude oil, challenges of crude supply, pressures to reduce greenhouse gas (GHG) emissions, and the increased availability of “green fuels.”

Companies considering building or operating alternative fuel plants or utilising alternative feedstocks need to optimise designs and operations to maximise yields of high value products, minimise energy consumption and carbon dioxide emissions, ensure reliability, and operate at optimum staffing levels using Best Practice systems, work processes, procedures, and tools.

KBC provides leading capital excellence services to help companies understand the options and make the right decisions for their facility. Its operations excellence) services for alternative fuels and feedstocks assist companies to effectively operate this type of facility.

George Bright, KBC CEO, said: “The AFFS service offering is a natural extension to our existing business. With almost 30 years of proven success in working with the leading players in the hydrocarbon processing sector, our expertise is directly applicable to the alternative fuels arena regardless of the original source of the feedstock – crude oil, gas, coal, or biomass; we have successfully completed projects in tar sands, coal-to-liquids (CTL), gas-to-liquids (GTL), and bio and synthetic fuel integration.

“KBC looks forward to helping more companies meet the challenges of serving the demand for transportation fuels in this ever-changing crude oil supply and alternative fuels marketplace. This is an exciting time in the industry.”

KBC Advanced Technologies plc, a leading independent consulting, process engineering and software group, delivers improved operating performance to the oil refining, petrochemical, and other process industries worldwide. It provides process consulting, strategic planning advice, energy price forecasting and market analysis, economic studies, capital project services, and training to help clients achieve their business objectives and improve their competitive position.

 Advanced Technology plc (KBC) said it has launched an

ABU DHABI: Masdar acquires stake in Finnish wind turbine manufacturer

stake in Finnish wind turbine manufacturer WinWinD Oy as part of its strategy to expand into renewable energy. Helsinki-based WinWinD is a manufacturer active in the design, development and assembly of technologically advanced one and three megawatt wind turbines. The company has corporate offices in Oulu, Finland and Chennai, India and is now planning to…

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CHINA: Trina Solar starts shipments for 2.4 MW photovoltaic project in the US

13,400 solar PV modules to power the Atlantic City Convention Center in the US. The supply is a part of an agreement with general contractor American Capital Energy which is managing project integration and installation for Pepco Energy Services and the Atlantic City Convention & Visitors Authority. The agreement provides for up to four additional…

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AUSTRALIA: Expert finds BG’s bid for Origin ‘not fair’

Samuel has ruled that BG’s offer price to acquire Origin Energy sharply undervalued the Australian upstream company. The experts valued Origin at between A$28.55 and A$30.71 a share, way above BG’s offer of A$15.37. (US$1 = A$1.20).   Grant Samuel, in justifying its assessment, pointed to forecasts of much higher natural gas prices on Australia’s…

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MALAYSIA: Vitol to invest RM1 billion in oil storage terminal in Johor

European oil trader Vitol, said it plans to invest up to RM1 billion in an oil storage terminal in the southern Malaysian state of Johor. (US$1=RM3.4). ATT has agreed to lease from Malaysia’s Seaport World Wide Sdn Bhd (SWW), a full-owned subsidiary of MMC Corporation Bhd, 120 acres of land at the rate of RM20…

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MARKETS: IEA forecasts world oil demand to rise 0.8% in 2008 and 1% in 2009

demand to rise by 0.8% or 700,000 b/d this year to 86.8 million b/d, and by 1% or 900,000 b/d to 87.6 million b/d next year. In its previous forecast last month, the IEA had expected world oil demand to reach 86.9 million b/d this year and 88.1 million b/d. The Paris-based agency said it…

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MARKETS: OPEC forecast world oil demand to grow by

to average 86.8 million b/d, and by the same amount next year to reach 87.7 million b/d, said OPEC. The oil cartel said that non-OECD oil use will grow by 1.2 million b/d, providing all the world oil demand growth next year. It predicts the transport sector will see the largest oil demand growth in…

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PEOPLE: Are you an energy expert? Oxford Princeton is recruiting

(EnergyAsia, September 29 , Monday) — The Oxford Princeton Programme Inc is looking for qualified professionals with industry experience and an interest in instruction to join its global faculty roster.

With regional offices located in Princeton New Jersey in the US, Oxford in the UK and Singapore, The Oxford Princeton Programme is a world leader in energy, commodity and derivatives training.

The school is looking to recruit consultants with expertise in any of the following disciplines: supply and trading, refining, shipping, petrochemicals, lubricants, fuels quality, renewable, natural gas, power and utilities, trading, hedging and risk management.

Relevant industry experience and know-how, combined with a passion for instruction, are required.

The school’s global marketing manager Jobert Abueva said: “The Oxford Princeton Programme has experienced significant growth in the Asia Pacific region and we are seeking the best resources to join our roster of preeminent energy expert faculty

“The Asia Pacific region continues to demand world-class energy training which The Oxford Princeton Programme is committed to providing.

Please send a cover letter and CV/resume to Mr Jobert Abueva:  jabueva@oxfordprinceton.com. Subject: FACULTY. Tel: (1609) 5241121, Fax: (1609) 5201192.

AUSTRALIA: CSIRO’s UltraBattery goes global in the auto sector

UltraBattery, will help the fight to reduce greenhouse gas emissions as it will soon be introduced and distributed around the world. CSIRO said Japan’s Furukawa Battery Company, which has begun production of the UltraBattery, and US manufacturer, East Penn, have signed an international commercialisation and distribution agreement for the technology. The UltraBattery combines an enhanced-power…

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CHINA: A-Power Energy makes first sales of 2.7MW wind turbines

it has signed a sales contract with China National Automation Control System Corp (CACS) for the sale of five 2.7MW wind turbines. Delivery of the five units is planned to take place in the fourth quarter. These wind turbines will be the first to be produced at A-Power’s new wind turbine production facility in Shenyang…

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CHINA: China Wind Systems Inc to supply products to wind power and heavy machinery customers

of forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China, said it has agreed to supply rolled rings to a wind power parts manufacturer and a heavy machinery company. It will supply gear-rim fabricator Wuxi Lida Gear Manufacturing Co Ltd rolled rings measuring…

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INDIA: Singapore’s Federal group secures first coal contract worth US$33 million

integrated engineering and procurement specialist supporting the energy and utility sectors in Asia, said it has secured its first contract to sell coal through subsidiary Alton International Resources Pte Ltd (AIR). AIR recently signed a one-year coal contract with Swastik Coal Corporation Private Limited of India’s Swastik Group to provide 12 shipments of quality coal…

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LAOS: Sweco awarded hydropower project worth five million euro

five-million euro contract to consult on the expansion of the Theun Hinboun hydropower project in central Laos. The project involves the construction of a 70-metre high roller compacted concrete dam, a six-km long tunnel, two power Stations (220 MW and 60 MW), two transmission lines, one connecting to the Thai grid and one connecting to…

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MALAYSIA: Baneng Holdings to venture into oil storage business

venturing into the floating oil storage terminals business through the proposed acquisition of a 51% stake in Southport Freight Services Sdn Bhd. Baneng said it has signed a memorandum of agreement to buy over the stake from Southport shareholders. The purchase price would be determined once it had finalised a share sale agreement on or…

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IRAQ: Shell natural gas deal estimated worth US$4 billion

natural gas generated during oil production is estimated to be worth US$4 billion, said government officials in Baghdad. The Shell project, the first by a major since the US-led invasion began in 2003, will help Iraq use more than 21 million cubic metres of the gas for power generation and cooking instead of being flared…

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THAILAND: Government to compensate oil traders

traders for excise taxes that they have already paid before Bangkok’s decision to cut excise tax for ethanol-based gasoline and diesel effective July 25. The government has set aside 600 million baht to compensate the oil traders. The money will come from Thailand’s state oil fund which has cash reserves of 3 billion baht. (US$1=33…

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SINGAPORE: Swiber in US$225 million sale and leaseback deals for five vessels

in the offshore industry, said its wholly-owned subsidiary, Kreuz Engineering Limited, has entered into agreements for the sale and leaseback of five vessels in a deal worth US$225 million. Swiber said the move will enable it to finance its fleet expansion plan, particularly deepwater and subsea vessels, without straining its balance sheet and improve its…

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VIETNAM: First oil refinery expected to start up early next year

by the first quarter of next year. Local officials said construction of the 130,000 b/d refinery is more than 97% completed. PetroVietnam deputy general director Truong Van Tuyen told local reporters that the plant will begin producing fuel as early as February, and eventually will help meet up to one third of the needs of…

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AUSTRALIA: Terrapinn’s ‘Carbon Finance World 2008 in Sydney from October 13 to 16

(EnergyAsia, September 26, Friday) — The ‘Carbon Finance World 2008’ conference will be held at the Sydney Harbour Marriott hotel in Australia from October 13 to 16.

The global carbon market has grown by 80% over the past year to over 40 billion euro. (US$1=0.67 euro) Some 2.7 billion tonnes of carbon dioxide credits were traded during the year – up 64% on 2006.

When the federal trading scheme is adopted in Australia, the resulting market could dwarf this figure within a few years. Opportunities for investors and traders will be immense, whilst at the same time the risks faced by industrial companies demand an immediate response.

Carbon Finance World 2008 will bring together investors, industry and government to tackle the crucial issues facing the industry.

Topics addressed include impact of national emissions trading scheme, global accounting and portfolio management practices, accounting and reporting challenges, carbon audit, governance and risk mitigation, carbon reporting, offset opportunities and investment opportunities.

Speakers at the event include Allan Asher (Energywatch UK), Tim Hanlin (Australian Carbon Exchange), Rob Fowler (Abatement Solutions Asia Pacific), Mark Franklin (TZ1 New Zealand Carbon Exchange), Tim Nelson (AGL), Martin Foreman (CSR Limited), Adrian O’Connell (Standards Australia), Euan Morton (Synergies Economic Consulting),

Greg Lavery (Booz & Company), Harry Rosenthal (UNSW), John Scott (New Zealand Treasury), David Brand (New Forests), Mara Bun (Green Cross), Andrew Grant (CO2 Group Ltd), Stuard Dix, Srian Abeysuriya and Narelle Roolker (E3 International), Leila Ngadi (TRUenergy) and Mark Byethway (Sustainable Investment Research Institute).

‘Carbon Finance World 2008’ is organised by Terrapinn Australia. For more information on this event, please contact Admin@EnergyAsia.com.