(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...
(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...
(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,...
(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...
(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, (more…)
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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...
(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. (more…)
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...
(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 (more…)
(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 (more…)
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...
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...
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...
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%...
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...
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...
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...