PEOPLE: Senior consultant to lead JSM’s energy legal practice in Asia

(EnergyAsia, October 29, Wednesday) — Law firm JSM has expanded its Asian energy practice with the appointment of Jack Su as senior consultant, who will operate from out of Hong Kong.  He joins the company’s 150-member global energy practice Group. Mr Su, who has been in Asia since 1991, has a proven track record in (more…)

OMAN: Oiltanking Odfjell starts bulk liquid storage activities in sohar

(EnergyAsia, October 29, Wednesday) — Oiltanking Odfjell Terminals & Co LLC (OOTO) said it has started up operations at its latest tank terminal located in Sohar port in Oman. The 322,000-cubic metre terminal stores and handles clean petroleum products and chemicals, and represents the first phase of the total 842,500 cbm facility currently under construction. (more…)

MARKETS: Platts unveils list of top 250 global energy companies ranking for 2008

(EnergyAsia, October 29, Wednesday) — Energy media group Platts has announced its 2008 list of the world’s leading 250 energy companies at its 3rd annual Asia Leadership Awards dinner in Singapore. In unveiling the list, Platts said major oil companies have maintained their stronghold as the world’s most financially effective energy businesses. But the rankings (more…)

MARKETS: Consultant advises OPEC to be cautious with production cut

(EnergyAsia, October 29, Wednesday) — US-based energy consultant ESAI Inc has advised OPEC to be “cautious” with its proposed crude oil production cut as the world oil market remains “fundamentally constrained”.   OPEC has announced it plans to reduce production by 1.5 million b/d from November 1 in response to slumping oil prices. ESAI said that (more…)

INDONESIA: Police stops terrorist plot to blow up Jakarta’s main fuel depot

(EnergyAsia, October 29, Wednesday) — Indonesian police said they have stopped an Islamic radical group from blowing up Jakarta’s main fuel depot with the arrest of five suspects in the capital and the nearby city of Bogor this week. The five suspects were said to be trained bomb makers. In separate raids, police said they (more…)

INDIA: Firms see big biodiesel opportunity

projects in India following the government’s announcement to raise bio-content in fuel to 20% by 2018. Privately-owned Reliance Industries and India’s state oil marketing firms are talking about building plants with daily capacities of up to 300 tonnes. Depending on plant size, the projects could cost between Rs300 million and Rs 3 billion. (US$1=Rs50). The (more…)

INDIA: Goa oil tanks could be terrorist target

the city of Vasco da Gama in India’s Goa state as they could become easy targets for terrorists. Two of the country’s largest oil companies, Indian Oil Corp and Hindustan Petroleum, own and operate oil terminals in Goa. Following a review, officials said they were shocked by the lack of safety and security measures at (more…)

SRI LANKA: Port authority to boost bunker storage

fuel storage capacities at Colombo port. SPLA will invest in two new 10,000-tonne storage tanks and upgrade pipeline networks to meet rising demand at its newly acquired Colombo bunker terminal. The terminal’s current capacity stands at 30,000 tonnes. The SPLA recently took over the fuel tanks from private firm Lanka Marine Services following a Supreme (more…)

MALAYSIA: ‘Asia Pacific Refining Summit’ to be held in Kuala Lumpur from November 18 and 19

(EnergyAsia, October 28, Tuesday) — The ‘Asia Pacific Refining Summit’ will be held at the Crowne Plaza Mutiara Hotel in Kuala Lumpur, Malaysia from November 18 to 19. Organised by the Strategic Business Networks, the conference aims to provide delegates with updated technological advancements and practical strategies to implement in refineries to optimise plant efficiency, (more…)

SINGAPORE: Terrapinn’s ‘Asia oil and Gas Investment Congress 2008’ to be held from November 3 to 7

(EnergyAsia, October 28, Tuesday) — ‘Asia Oil and Gas Investment Congress 2008’, organised by Terrapinn Pte Ltd, will be held in Singapore from November 3 to 7. The event aims to provide a platform for Asian regulators, global and regional oil and gas companies, investors, financiers and other key stakeholders in the upstream oil and (more…)

AUSTRALIA: CSIRO boosts energy ties with PetroChina

group to form a new strategic energy research alliance with PetroChina, one of the largest oil companies in the world. The alliance strengthens long-term cooperation and research into oil and gas exploration and production as well as wider energy technologies, reaffirming the 20 year relationship between CSIRO and the Research Institute of Petroleum Exploration and (more…)

MARKETS: Brent below $60 despite OPEC’s move to slash production by 1.5 million b/d

the first time in nearly 18 months just days after the Organisation of the Petroleum Exporting Countries (OPEC) decided to slash its production ceiling by 1.5 million b/d from 28.808 million b/d from November 1. US WTI crude traded just slightly above $61 a barrel, down from its peak of $147.27 in early July. At (more…)

CHINA: CNOOC puts off start-up of Tianjin refinery

decided to postpone the start-up of its new refinery in Tianjin to next year. The 240,000 b/d refinery was due to start up in November following an earlier decision to delay it from September because of bad weather which hampered construction work.   The plant will be partly fed with oil from CNOOC’s fields in (more…)

INDIA: Thefts from oil tankers soaring in Assam state

in India’s politically troubled north-eastern Assam state. Local authorities were shocked by the scale of a recent theft at an Indian Oil Corp (IOC) terminal in Upper Assam. Retail station operators are complaining that truck tanker shipments from IOC’s Tinsukia terminal are regularly off by up to 200 litres. With 125 oil tankers leaving the (more…)

TAIWAN: Top Green Energy Technologies signs contract with US’s GT Solar

Technologies Inc, a Taiwan-based producer of high-quality solar cells. The $46.8 million contract is GT Solar’s most comprehensive polysilicon production equipment and services agreement to-date. GT Solar is expected to begin delivering equipment in the second half of 2009. The solutions being provided to Top Green Energy Technologies include CVD reactors, STC converters, and an (more…)

SINGAPORE: Ezra’s 2008 profits up 157% to US$175.4 million

   Ezra Holdings, said its 2008 net profits rose by 157% to US$175.4 million from US$68.2 million previously. Revenue surged 87% to US$268.3 million on the back of strong demand for its offshore chartering and fabrication engineering services. The company said its performance was boosted by the full-year contribution from nine vessels, including two anchor (more…)

AUSTRALIA: Caltex says proposed climate change plan could threaten oil refining industry

 many industries including oil refining. Speaking at a conference in Sydney, managing director and CEO Des King, said: “High costs for carbon emission permits would threaten the viability of the Australian oil refining industry. Similar outcomes are faced by many industries. “The government’s green paper proposes only 20% of permits would be allocated free to (more…)

INDONESIA: Government says small oil refinery in Cepu to start up next February

oil refinery to start up in Cepu in central Java next February. Evita H Legowo, the ministry’s director general of oil and gas, said the simple processing unit would refine crude from the offshore Cepu block. She also revealed her department is promoting the development of a refinery each in Banyu Asin in Sumatra and (more…)

SOUTH KOREA: 15 MW project inaugurated in Gochang

equipped Asia’s largest solar park with solar power technology. Solarworld supplied 85,000 solar modules for the 15 megawatt power plant located 350 km to the south of Seoul in Gochang in the province of Jeollabukdo. The park was connected to the power grid in South Korea at a ceremony attended by a large number of (more…)

MARKETS: IMF reminds world of continuing crisis posed by high food and fuel prices

(IMF) has reminded the world not to forget that high food and fuel prices continue to pose a direct threat to the world’s poor. At a media briefing, IMF managing director Dominique Strauss-Kahn said that the food and fuel crises remain severe: some 50 low and middle-income countries remain vulnerable to deteriorating balance of payments (more…)

CHINA: Oil demand to grow to 8 million b/d this year

said the International Energy Agency (IEA). The Paris-based agency is maintaining its demand forecast for the world’s second largest oil consumer amid concerns that China’s economy could be negatively impacted by the world financial problems. China’s crude imports could also slow as it is deferring the start-up of two large oil refineries from the fourth (more…)

CHINA: MIT study says cheap coal, not power plants, to blame for air pollution

 the real culprits for the country’s notorious air pollution. Instead, the Massachusetts Institute of Technology (MIT) study blames the country’s complex blend of competition, market pressures and misguided government regulations. China has been adding some 500 megawatts (MW)/year of new power capacity in past years, most of them coal-fired units. The MIT study has found (more…)

SINGAPORE: ExxonMobil Chemical completes hydrocarbon fluids plant expansion on Jurong Island

plant on Singapore’s Jurong Island to more than 500,000 tons per year. The new capacity is designed to meet demand for differentiated hydrocarbon fluid products in the Asia Pacific region, which is growing at an estimated rate of six percent per year. The capacity expansion will provide customers with access to higher volumes of ExxonMobil (more…)

SINGAPORE: IBC Asia’s ‘Seatrans 2008’ to be held from November 25 to 27   (EnergyAsia, October 24, Friday) — The second edition of ‘Seatrans’ will be held at Singapore’s new luxury hotel, St. Regis, from November 25 to 27. Organiser IBC Asia said ‘Seatrans 2008’ will comprise three conferences – The ‘8th International Dry Bulk Review / Dry Bulk Ports and Terminals’, ‘3rd Maritime HR (more…)