SINGAPORE: ST-Airport Services to build S$6 million Seletar aerospace park fuel depot

(EnergyAsia, June 26, Friday) — ST-Airport Services Pte Ltd (STARS) said it has begun building an aviation fuel depot at the Seletar aerospace in Singapore. With the capacity to store 300,000 litres of jet fuel, the new S$6-million facility will be at least a third larger than the current depot. (US$1=S$1.45). It can be readily…

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SINGAPORE: Oxford Princeton to hold shipping course on July 16 and 17

(EnergyAsia, June 26, Friday) — The Oxford Princeton Programme will be holding a shipping course, ‘A practical understanding of commercial risks in laytimeand demurrage’, in Singapore on July 16 and 17.

The course aims to provide delegates with an understanding of the commercial risks associated with laytime and demurrage in shipping charter parties and oil sales and supply agreements and the problems of ensuring compatibility between the two contracts.

With this course, delegates will be able to minimise commercial risks, clarify key issues surrounding laytime and demurrage as well as improve efficiency and speed of claims handling.

Emphasis will be placed on how to avoid potential problems from the outset, how to limit risk and exposure and ultimately save money through the efficient handling of claims and avoidance of costly legal proceedings. The course will highlight differences between major charter parties and the problems encountered between shipping and oil sales contracts.

The course is presented in association with maritime economics and business consulting firm Richardson Lawrie Associates Ltd.

Jacqueline Richardson, founding partner of Richardson Lawrie Associated Ltd, will be conducting the course.

CHINA: Oil demand up for second consecutive month, says Platts

(EnergyAsia, June 26, Friday) — China consumed 33.23 million metric tons of oil in May, up a strong 6% from the same month in 2008, according to an analysis of official data by energy media Platts. The analysis showed that Chinese demand has shown a year-on-year increase for a second consecutive month, evidence that demand…

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MALAYSIA: FPSO Summit 2009 to be held in Kuala Lumpur from August 17 to 19

(EnergyAsia, June 26, Friday) – The second annual FPSO summit will be held in Kuala Lumpur, Malaysia from August 17 to 19.

More than 30 FPSO owners and operators will be sharing strategies in dealing with newbuilds and projects in conversion.

The event will feature a multi-disciplinary coverage of the world’s first floating, drilling, production, storage and operation (FDPSO) vessel including its design, construction, commissioning and operations.

Speakers will provide critical insights into shifting LNG tankers to floating LNG (FLNG) or floating storage regasification unit (FSRU) to commercialise gas fields in remote locations.

The event will also provide access to several service providers that will be able to make a cost-benefit analysis on risers, mooring systems, topside design and construction and holistic project management for vessels.

Last year’s conference attracted more than 200 delegates and organiser Strategic Business Networks said the number might double this year as more players in the offshore value chain are expected to attend.

AUSTRALIA: Solar firm Ausra raises more funds

(EnergyAsia, June 26, Friday) — Australian solar energy equipment manufacturer Ausra said it has raised an additional US$25.5 million to finance its expansion plans. The money was secured from unidentified private backers amid tough financial markets. Ausra now owns and operates a 10 megawatt (MW) solar thermal plant in New South Wales state that is…

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PHILIPPINES: Roman Catholic Church wants oil depot out of Manila

(EnergyAsia, June 26, Friday) — The Roman Catholic Church has thrown its considerable weight against the oil industry in the Philippines by launching a public petition of signatures calling for the eviction of the controversial oil depots in the congested Pandacan area in Manila. “Let us begin a signature campaign in our parishes and schools…

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AUSTRALIA: Malaysia’s Petronas signs contract to import two million tonnes of LNG per year

(EnergyAsia, June 26, Friday) — Malaysian state energy company Petronas has signed a contract with the Australian consortium GLNG to import two million tonnes of liquefied natural gas (LNG) for 20 years starting 2014. Petronas, which owns a 40% stake in the GLNG consortium, has the option to purchase an additional one million t/y on…

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SINGAPORE: ‘Economic Assessment Techniques Used in Oil and Gas Industry’ to be held from July 7 to 1

(EnergyAsia, June 25, Thursday) — The ‘Economic Assessment Techniques Used in Oil and Gas Industry’ course, organised by NeoEdge Pte Ltd, will be held in Singapore from July 7 to 10.

The course will discuss the fundamental risks, uncertainties and issues associated with new investment and management of existing assets within the upstream oil and gas industry. From the commercial fundamentals and market pricing through to econometrics and portfolio management, this course will cover the essential advanced skills required to be effective in the upstream industry.

Training will focus on techniques to calculate the economic and financial viability of projects, to quantify the impact of risk and uncertainty, to compute various measures of project viability including net present value, internal rate of return, profitability index and payback as well as the understanding of the appropriate method for different situations.

Modules covered include economic analysis and evaluation, data collection and assessment, probabilistic techniques, project assessment, the opportunity cost of capital, fiscal aspects of investments, and mergers and acquisitions.

The course will also provide delegates with an opportunity to examine and discuss various case studies.

Industry experts Anthony Way and Yvonne Barton from UK’s Energy Contract Company will be facilitating the course.

CHINA: Dow Chemical sets up global business and innovation hub in Shanghai

(EnergyAsia, June 25, Thursday) – US specialty chemicals company Dow Chemical Company said it has launched a new business and innovation hub in Shanghai, China to serve the Asia Pacific region.

Occupying more than 100,000 square meters, Dow said the Shanghai Dow Centre houses a state-of-the-art research and development facility and the company’s headquarters for the Asia Pacific region.

Chairman and CEO Andrew .N Liveris said: “The Shanghai Dow Centre is more than just a critical milestone in China, which is our third largest market. Along with our recent acquisition of Rohm and Haas, this is a demonstration of our continued commitment to transforming into the New Dow – a more market-facing and customer-oriented company.”

With over 500 engineers and scientists working in more than 80 labs, the centre will develop innovative solutions for the constructions, transportation, energy, water, electronics and personal care industries.

Dow said the centre would bring together under one roof, corporate research and development expertise with its market-focused application development capabilities – an integration that delivers products and solutions across markets, technologies and molecules. This is an arrangement that is a first for Dow.

“Launching the Shanghai Dow Centre is a great way to celebrate 30 years of Dow in China,” said Jim McIlvenny, Dow’s senior vice president of emerging economies. “While the economic environment continues to be challenging, we have great faith in the future of China. Indeed, this new centre speaks well to our long-term commitment to use innovation to support the growth of China and the Asia Pacific region as a whole.”

The company said the research and development facility has a customer innovation centre that would enable Dow to work alongside customers to turn market opportunities and new ideas into profitable solution.

The centre enables scientists to develop innovations that lead to more energy efficient buildings, improved safety and fuel consumption in automobiles, broader access to clean water, and the newest breakthroughs in electronics and appliances, delivering solutions to world challenges.

MIDDLES EAST: Oil-rich region could face gas shortage

(EnergyAsia, June 25, Thursday) — The oil-rich Middle East region could soon face a severe shortage of natural gas as it struggles to meet surging electricity demand and feedstock for petrochemicals. The gas is needed to generate electricity and to power desalination plants, and provide the feed for petrochemicals production and energy-intensive industries. Analysts believe…

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AFRICA: US helps secure oil routes through Gulf of Guinea

(EnergyAsia, June 25, Thursday) — The US navy is taking a more active role in securing the Gulf of Guinea off West Africa from pirates and potential terrorists. Africa is increasingly becoming an important supplier of oil and resources to the US as the Obama administration is working to reduce dependence on the politically volatile…

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MYANMAR: China to begin constructing oil and gas pipeline in September

(EnergyAsia, June 25, Thursday) — China will begin constructing pipelines to deliver oil and gas across Myanmar in September. PetroChina which is leading the project said this will be the fourth set of major pipelines delivering oil and gas into China. These include the pipelines from Turkmenistan, Kazakhstan and Russia. In March 2009, the Chinese…

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MARKET: Clean coal doesn’t exist despite industry’s campaign, Obama’s support

(EnergyAsia, June 25, Thursday) — ‘Clean coal’ has been garnering popular support as the solution to both meet the world’s energy need and imperative for a green environment. The industry has been quick to promote it, even enlisting the support of US President Barack Obama who has added “energy independence” to what clean coal can…

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CHINA: Eight dead, five injured in LNG storage tank collapse

(EnergyAsia, June 25, Thursday) — Eight people were killed and five others injured when a PetroChina liquefied natural gas storage (LNG) tank under construction in China’s Jiangsu province collapsed. Of the dead, two were killed immediately while the other six perished apparently from lack of medical attention. The LNG tank, due to come onstream in…

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CLIMATE CHANGE: NGOs draft benchmark Copenhagen climate treaty

(EnergyAsia, June 25, Thursday) — Climate change experts from leading non-governmental organisations (NGOs) have unveiled their blueprint for a legally binding Copenhagen agreement. The “Copenhagen Climate Treaty” was drafted by Greenpeace, WWF, IndyACT – the League of Independent Activists, Germanwatch, David Suzuki Foundation, National Ecological Centre of Ukraine and expert individuals from around the world….

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CHINA: First international solar energy fair in Chengdu, Sichuan from September 4 to 6

(EnergyAsia, June 24, Wednesday) — French group Strategeco Solar Eneovia will organise the ‘Solar Energy Fair’ in Chengdu city, the capital of China’s Sichuan province, from September 4 to 6 and the ‘New Energy International Forum’ on September 4 and 5.

The French company said it was commissioned by the government of Chengdu municipality to undertake the project.

As part of China’s 11th five-year plan (2007–2011) and its economic stimulus plan announced in the first quarter of 2009, the central government will be investing $400 billion to develop renewable energy sources, mainly photovoltaic and solar thermal, over the next 10 years.

The Chinese government will focus on developing energy infrastructure in Sichuan province, which contains nearly 70% of the country’s silicon deposits.

The main sponsors for the event include the Chinese Association of Renewable Energies, the UN Development Program, the Japan Photovoltaic Energy Association, the German Development Office and major manufacturers.

The event will provide companies with opportunities to foster partnerships with industry leaders and gain a position in the Chinese market.

The event is expected to attract over 10,000 visitors from 20 countries including professionals from the photovoltaic and solar thermal sector as well as a large number of keen investors.

PHILIPPINES: Bill introduced for establishment of strategic petroleum stockpile

(EnergyAsia, June 24, Wednesday) — The Philippine government is debating a bill to provide for the establishment of the country’s first strategic petroleum reserve (SPR). Unlike the crude oil stockpiles operated by the US, Japan and China, the bill proposes that the Philippines stock up on oil products. House Minority Leader Teofisto Guingona III filed…

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MARKETS: World electricity demand to fall this year, says IEA

(EnergyAsia, June 24, Wednesday) — For the first time since the end of the Second World War, global electricity consumption is headed for a decline this year, said the International Energy Agency (IEA). The Paris-based agency foresees a 3.5% drop in demand in 2009, reflecting the weak state of the world economy. China’s electricity demand…

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INDONESIA: Cost of electricity subsidy could exceed 48 trillion rupiah

(EnergyAsia, June 24, Wednesday) — Indonesia’s state finances will come under pressure as rising electricity demand will drive up subsidy payments. The government is worried that the budget allocation for the electricity subsidy could exceed 48 trillion next year, sharply higher than the 42.46 trillion rupiah this year. (US$1=10,100 rupiah). Indonesia’s electricity consumption is expected…

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AFGHANISTAN: Western firms eye oil and gas potential

(EnergyAsia, June 24, Wednesday) — Several Western companies have registered their interest in bidding for oil and gas exploration rights in war-torn Afghanistan. The government of President Hamid Karzai recently offered two natural gas blocks and one oil block for bidding. The bocks are close to Afghanistan’s border with Turkmenistan. Government officials said they recently…

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BANGLADESH: Intertek expands petroleum and agriculture services

(EnergyAsia, June 24, Wednesday) — Intertek, a global provider of quality and safety solutions to a range of industries worldwide, said it has opened a new facility in Bangladesh to expand its support to the global petroleum and agriculture industries. The company said the expansion complements its growing network of service locations in South Asia…

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ASIA: ADB forum focus on developing strategies to combat climate change

(EnergyAsia, June 24, Wednesday) — Government leaders, policymakers, and climate change experts from around the world met in Manila, the Philippines last week for a high-level dialogue and a series of technical meetings aimed at helping Asia-Pacific countries move toward low-carbon and climate-resilient development paths. Hosted by the Asian Development Bank (ADB), the Climate and…

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ASIA: ADB aims to double clean energy investments to $2 billion a year

(EnergyAsia, June 24, Wednesday) — The Asian Development Bank (ADB) said it plans to “substantially increase” its clean energy investments to $2 billion a year from a previous target of $1 billion as part of its programme to accelerate low carbon growth and reduce greenhouse gas emissions in the region. The new investment target is…

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SHIPPING: “Scrubbing” technology gets boost from US and Canada call for huge reduction in marine emi

(EnergyAsia, June 23, Tuesday) — The Exhaust Gas Cleaning Systems Association (EGCSA) has hailed news that the US and Canada plan to introduce Emissions Control Areas (ECAs) in North America as an opportunity for ship owners to incorporate abatement technology to comply with the new laws. The decision taken on March 31 by the US…

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INDONESIA: Overseas coal firms split on coal investments

(EnergyAsia, June 23, Tuesday) — International companies seem to be split on the wisdom of investing in Indonesia’s coal mining industry.   Australia’s BHP Billiton plans to end its 25-year presence in Indonesia’s mining and transportation sector while India’s state-run Power Trading Corp (PTC) is hoping to buy into Indonesian coal mines. BHP feels that…

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