SINGAPORE: Keppel delivers 1st jackup rig of 2009 to Maersk Drilling on time

(EnergyAsia, January 28, Wednesday) — Singapore’s Keppel FELS Limited said it has delivered the third of four high efficiency jackup rigs to Maersk Drilling (previously Maersk Contractors), on time and incident-free. The company is a wholly-owned subsidiary of Keppel Corporation Limited. “Keppel FELS looks forward to deliver as many as 14 rigs in 2009. The…

This article is for Subscriber members only.
Log In Register

ABU DHABI: Masdar to advance renewable energy solutions on world markets

(EnergyAsia, January 28, Wednesday) — Abu Dhabi’s Mubadala Development Company (MDC) is aiming to advance renewable energy solutions and technology to markets around the world, said chief executive Sultan Al Jaber in his keynote speech at the World Future Energy Summit in Abu Dhabi. While acknowledging the current global economic downturn, he noted that the…

This article is for Subscriber members only.
Log In Register

CHINA: ET Solar signs module supply agreement with Germany’s USE

(EnergyAsia, January 28, Wednesday) — China’s ET Solar Group said it has signed a sales agreement with USE, a large German photovoltaic product integrator and distributor. ET Solar will deliver a total of 13MW of high-efficiency solar modules to USE between January and November 2009. Dennis She, ET Solar’s vice president and chief sales officer,…

This article is for Subscriber members only.
Log In Register

INDIA: Chemoil-Adani begins marine fuel supply operations

(EnergyAsia, January 28, Wednesday) — Singapore’s Chemoil said its joint venture with India’s Adani Enterprises has started supplying marine fuel in India from Mundra Port, the country’s largest private port, located in the western state of Gujarat. The start-up marks Chemoil as the first international bunker supplier to venture into the Indian market, and positions…

This article is for Subscriber members only.
Log In Register

SINGAPORE: ‘14th Annual Asia Upstream 2009’ conference to be held from February 24 to 27

(EnergyAsia, January 28, Wednesday) — Global Pacific and Partners will be holding its highly anticipated ‘14th Annual Asia Upstream 2009’ in Singapore from February 24 to 27.

The conference will review upstream ventures, acreage opportunities, corporate strategies of the majors and independents, national oil companies and governments. It will also discuss issues related to investments, energy finance, and the service and supply industry.

The ‘18th Asian Petroleum: Strategy Briefing’ will be held before the ‘14th Annual Asia Upstream 2009’.

Global Pacific & Partners’ Duncan Clarke will present and discuss strategies for the region’s upstream players.

Other speakers at the event include Jeffrey Lobao (Lundin Petroleum), Kevin Robinson (Newfield Exploration), Jon Pattillo (Nido Petroleum), Anesti Dermedgoglou (InterOil), Alex Parks (Otto Energy), Brian Marcotte (Titan Oil Recovery), Terrence Fern (Petsec Energy Ltd), Lance Crist (IFC Oil & Gas), Ian Cross (Moyes & CO), Doug de Felippi (Scotia Waterous), Bertrand Huillard (Chevron), Bill Lafferrandre (ConocoPhillips), Nils Helge Sorgard (StatoilHydro),

V.K. Sibal (PTTEP), Jeff Chisholm (Pan Orient Energy),  Kevin Hird (Roc Oil), Edy Hermantoro (MIGAS), Chris Uruski (Woodside Energy), Alan Levison (Sasol Petroleum International), David Ginger (Cairn), Barry O`Donnell (Premier Oil), Jack Downing (Challenger Minerals), Anna Howell (Herbert Smith), John Harkins (Anadarko), John Bates (Marathon International), Jonathan Wright (Talisman Energy), Jack Kerfoot (Murphy E&P), Mikkal Herberg (The National Bureau of Asian Research), Benicio Schettini (Petrobras), Kourosh Amiri (Kufpec), Peter Baillie (TGS-Nopec) and Richard Lorentz (Independent).

For more information, please contact Admin@EnergyAsia.com.

CHINA: Fluor’s role in start-up of Bohai Bay oilfield production

(EnergyAsia, January 23, Friday) — US engineering giant Fluor Corporation said it has assisted in the successful start-up of a production platform in China’s northeastern Bohai Bay. The platform is operating in the Phase 2 project of the Peng Lai (PL) 19-3 blocks. Fluor said Platforms D and E are expected to come onstream later…

This article is for Subscriber members only.
Log In Register

INDIA: Government approves commercial declaration on Rajasthan block

(EnergyAsia, January 23, Friday) — Cairn India Limited said the Indian government has approved its declaration of commerciality (DoC) on an onshore block in the northwestern state of Rajasthan. In a statement to the Bombay Stock Exchange and the National Stock Exchange of India, the company revealed it had been notified of the progress on…

This article is for Subscriber members only.
Log In Register

KAZAKHSTAN: Consortium awarded $135 million contract for Phase 2 of Kashagan project

(EnergyAsia, January 23, Friday) — K-WAC Limited, a consortium involving engineering firms CB&I, Aker Solutions and WorleyParsons, has received a front-end engineering and design (FEED) services contract for Phase 2 of the full-field development of the giant Kashagan oil field off the coast of Kazakhstan. The new field contains an estimated 12 to 15 billion…

This article is for Subscriber members only.
Log In Register

KUWAIT: Qatar’s RasGas may supply LNG underlining strong domestic demand

(EnergyAsia, January 23, Friday) — Underlining the Middle East as a growing energy consumer, Kuwait is in talks to import a record volume of liquefied natural gas (LNG) from neighbour Qatar. Kuwait Petroleum Corp is expected to soon sign a record five-year contract to import 1.4 million tonnes per year from RasGas, one of Qatar’s…

This article is for Subscriber members only.
Log In Register

RUSSIA: Sakhalin Energy starts up offshore gas production

(EnergyAsia, January 23, Friday) — Sakhalin Energy Investment Company Ltd said it has started producing natural gas from its Lunskoye-A platform in the Lunskoye field 15 km off the north-eastern coast of Sakhalin Island in the Russian Far East. The gas, produced from the first two wells completed last month, is being routed from the…

This article is for Subscriber members only.
Log In Register

MARKETS: LNG supply crisis feared for after 2012

(EnergyAsia, January 23, Friday) — Companies are holding back their investments in liquefied natural gas (LNG) projects because of the global financial crisis and the economic downturn, setting the stage for shortages after 2012. Furthermore, the demand outlook has turned uncertain, said analysts. Industry participants fear a supply crisis could fully set after 2012. Especially…

This article is for Subscriber members only.
Log In Register

ASIA: Afton Chemical opens two new research and development laboratory

(EnergyAsia, January 23, Friday) — Afton Chemical Corporation said it has opened two new research and development facilities in the Asia Pacific region to improve response time to customers and develop more products for their specific needs. The company will open a new facility in Shanghai, China in early 2009, and a new and expanded…

This article is for Subscriber members only.
Log In Register

AUSTRALIA: Caltex earnings beat forecasts by A$50 million

(EnergyAsia, January 23, Friday) — Refining and marketing company Caltex Australia said it earned A$185 million last year, about A$50 million higher than its guidance released last December. (US$1=A$1.5). The company attributed the surprisingly strong result to improved refining margins and a stronger Australian dollar from a month ago. In the December guidance, the company…

This article is for Subscriber members only.
Log In Register

CHINA: Oil demand growth will slow but not collapse, says ESAI

(EnergyAsia, January 23, Friday) — Energy research firm Energy Security Analysis Inc (ESAI) is predicting that Chinese oil demand will fall substantially weighed down by the world’s weak economic conditions. The Wakefield, Massachusetts consultancy’s recently released China Watch suggests that Chinese GDP growth will slow due to a slowdown in manufacturing and exports, and the…

This article is for Subscriber members only.
Log In Register

INDONESIA: Apexindo lands onshore drilling contract from Vico

(EnergyAsia, January 23, Friday) — Indonesia’s PT Apexindo Pratama Duta Tbk said it has landed a US$2 million contract to lease a rig to VICO Indonesia for three months.

Vico will deploy rig 8 to support its three-month drilling programme in Semberah in East Kalimantan. Apexindo has already leased out three other rigs to Vico.

“For over 20 years, Apexindo has built a very good long standing relationship with Vico. This contract is a proof of trust the company has successfully built from our loyal clients,” said Apexindo president Hertriono Kartowisastro.

Finance director Suarmin Tinowar said: “One of the company’s business strategies is to focus on clients with sizeable reserves and productive wells. This strategy is expected to give positive impact to our rig utilisation which eventually will increase the company’s revenue significantly.”

Apexindo now owns eight land rigs, each of at least 750 horse power. The 1,000 HP rig 8, is capableof drilling to a depth of 12,000 feet.

TAIWAN: LNG terminal start-up delayed

liquefied natural gas (LNG) import terminal to later in the first quarter of 2009. The decision to delay the start-up of the three-million-tonnes-per-year terminal was prompted by unfavourable weather conditions. A pipeline from the terminal to a power plant could not be completed in time because of the many typhoons last year, officials said. The…

This article is for Subscriber members only.
Log In Register

CHINA: CNOOC Ltd expects to raise oil production in 2009

(EnergyAsia, January 22, Thursday) — China’s CNOOC Limited said it expects to raise its net oil production to 225 to 231 million barrels of oil equivalent (BOE) this year, up from last year’s estimated 195 million BOE.

In announcing its business strategy and development plan for the year, the company is projecting 2009’s crude price to average US$60 per barrel, basis WTI, down from 2008’s average price of US$100.1 per barrel.

It is planning to bring onstream 10 new projects, eight in offshore China. Its two overseas projects to start up this year are the OML130 in Nigeria and the Tangguh LNG project in Indonesia.

CNOOC Ltd said it will step up its exploration efforts, focusing mostly on offshore China.

The company said it plans to drill more than 80 wells and acquire over 30,000 km of 2D seismic and 9,200 sq km of 3D seismic data in offshore China and overseas. It expects to more than replace its oil production through the intensive exploration programme and the development of more than 20 projects.

Yang Hua, CNOOC Ltd’s executive vice president and CFO, said: “Our capital expenditures will provide strong support to the growth in 2009 and for the next few years. In 2009, the company’s total capital expenditure is (expected) to reach US$6.76 billion, representing an increase of 19% year-on-year, in which US$4.38 billion is budgeted for development, US$1.11 billion for exploration and US$1.12 billion for production.

“With the high level of unit cost in the industry, the company will continue to exercise its stringent cost control. And as always, we will also carry out the established strategies to maintain our profitability and create more value for our shareholders.”

Chairman and CEO Fu Chengyu said: “Although there’s a downward fluctuation of oil price in the second half of 2008, we kept our business at stable pace. We are confident in a continuing production and reserves growth in 2009. Next year, our exploration and development activities will be further strengthened to facilitate our sustainable development in the future.”

SINGAPORE: Ecospec claims pioneering “true green” technology for the shipping industry

(EnergyAsia, January 22, Thursday) — Ecospec Global Technology Pte Ltd, a Singapore-based research and technology company specialising in advanced water and oil treatment technologies, said it has developed a new green technology that will remove greenhouse gas emissions and pollutants from ships. These emissions contribute to global warming and degradation of the ocean environment.

Ecospec said its device, CSNOx, reduces ships’ emissions of nitrogen oxide (NOx), sulphur dioxide (SO2), carbon dioxide (CO2) and particulate matter (PM) in a single process system.

The “scrubbing” process carried out by CSNOx is achieved at a net carbon credit gain without any net increase in CO2 to the atmosphere or acidifying the ocean. There is also no other secondary pollutants discharged into the sea.

Ecospec said CSNOx is also highly cost-effective and is easily installed on ships due to its compact design.

Drawing from its core technology in water and oil treatment in its development, Ecospec said it has successfully tested CSNOx onboard an ocean-going supertanker, jointly with the American Bureau of Shipping (ABS), a leading ship classification society, and a leading tanker shipping company.

The parties in this initiative, Ecospec, ABS and one of the world’s leading international tanker operators, are ready to showcase CSNOx to the international shipping community.

They claimed that the results of the test show that the device has 92.9%, 82.2% and 74.4% efficiency in “scrubbing” SO2, NOx and CO2 respectively.

Chew Hwee Hong, managing director and founder of the company, said: “This is a major breakthrough for the global shipping industry in general and for Ecospec, a homegrown Singapore company, in particular. Prior to CSNOx, there is no single equipment aboard ships with the capability to remove CO2, SO2, NOx and PM at a go, and not generate further CO2 emissions during the process or acidify the ocean. With the marine industry going green, Ecospec is proud to pioneer an all-in-one eco-friendly technology that is set to change the way the industry operates.”

The launch of CSNOx for commercial use is timely as regulators like International Maritime Organisation (IMO), which oversees implementation of the law of the sea, and shipowners have been taking steps to tackle pollution caused by ocean-going vessels.

Shipping companies are increasingly concerned about environmental issues following the introduction of international legislations such as the International Convention on the Prevention of Marine Pollution from Ships (MARPOL) in 1973.

There will be growing pressure on shipowners to clean up their act with the recent introduction of the Carbon Indexing Scheme, among other legislations, for CO2 management by IMO in 2005. The US and EU already have their own control measures which require all ships calling on their ports to comply with strict emissions requirements.

Apart from ships, Ecospec is also targeting to sell its product and services to oil refiners and power companies.

ABU DHABI: Suntech’s solar panels to power largest PV solar project in the Middle East

manufacturer of photovoltaic (PV) modules, said it has supplied 5MW of solar panels for a 10MW solar electricity system to power Masdar City, the world’s first carbon neutral city being built in Abu Dhabi in the UAE. The panels will form part of the largest solar plant in the Middle East and is being built…

This article is for Subscriber members only.
Log In Register

INDIA: Siemens to supply components for advanced steam power plants

contract from its Indian licensee Bharat Heavy Electricals (BHEL) for the supply of components for two steam turbine-generators. The customer is the state-owned energy utility National Thermal Power Corporation Ltd. (NTPC). The coal-fired power plant Barh II is situated 75 km southwest of Patna in the state of Bihar. It comprises two units, each with…

This article is for Subscriber members only.
Log In Register

KUWAIT: Supplies from new oil and gas fields

new fields in the northern part of the country from next decade. Kuwait Oil, a Kuwait Petroleum subsidiary, said it expects to produce around 50,000 b/d of heavy crude from a new field by 2015. Production will rise to 400,000 b/d five years later. The country’s six natural gas fields could hold much more than…

This article is for Subscriber members only.
Log In Register

MARKETS: IEA forecasts world oil demand to fall by 500,000 b/d this year

forecast for world oil demand this year to 85.3 million b/d, down by one million b/d from its previous estimate. World oil demand will slump as world GDP is expected to grow by only 1.2%, down from an earlier forecast of 2.4%. The agency said world oil demand is now projected to slump by 0.6%…

This article is for Subscriber members only.
Log In Register

MARKETS: Platts survey shows OPEC’s December oil output fell to 30.74 million b/d

Exporting Countries (OPEC) pumped an average 30.74 million barrels per day (b/d) of crude oil in December, according to a Platts survey of OPEC and oil industry officials just released. This is a decline of 640,000 b/d from the November level of 31.38 million b/d. The total includes Indonesia, which left the oil producer group…

This article is for Subscriber members only.
Log In Register

QATAR: LNG production to hit 77 million tonnes in 2010

production capacity to 77 million tonnes per year by 2011, up from currently 38 million tonnes per year. RasGas, one of the country’s two LNG players, is set to hike annual capacity to 37 million tonnes from 21 million tonnes. Qatargas, the other player, is investing in a new processing plant and a storage facility…

This article is for Subscriber members only.
Log In Register

RUSSIA: Financial crisis hits Gazprom hard

player ahead of Exxon Mobil, Russian gas giant Gazprom is reeling from the devastating impact of the global financial crisis and the sharp decline in oil and gas prices. The state-run company’s debts are pegged at almost US$50 billion and climbing. Almost unthinkable a few months ago, the company has begun talks to seek help…

This article is for Subscriber members only.
Log In Register