Archive | September, 2009

DUBAI: Gates Corporation acquires engineering firm Hydrolink

(EnergyAsia, September 23, Wednesday) —- Gates Corporation, the largest non-tire rubber manufacturer of automotive and industrial products, systems and components in North America, said it recently acquired Dubai-based Hydrolink, a provider of engineering, fabrication services for the oil and gas industry as well as service operations for fluid power products in the Persian Gulf region. […]

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SINGAPORE: Neftech targets at least 10% fuel cost saving, lower emissions for shipping industry with

(EnergyAsia, September 22, Tuesday) — Two Singapore companies, green energy R&D company Neftech Pte Ltd and container shipping operator APL, have agreed to work together to develop cleaner and more efficient fuel solutions for use in shipping fleets. They expect Neftech’s proprietary cavitation technology to deliver at least 10% in fuel cost saving for users […]

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AUSTRALIA: Macquarie Generation selects SunGard’s Fuelworx to streamline, automate fuels management

(EnergyAsia, September 17, Thursday) —- Macquarie Generation, Australia’s largest electricity generator, said it has selected SunGard’s Fuelworx, an energy trading, transaction and risk management solution suite  to help it streamline and automate its fuels procurement processes, manage its contracts and maintain audit controls. Macquarie Generation added that it would be using the software to help […]

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COMPANY: Fuel tester Lintec named as Norwegian association’s supplier of the year

(EnergyAsia, September 10, Thursday) — Global fuel testing agency Lintec Testing Services has been named ‘Supplier of the Year 2009’ by Incentra, the Norwegian society of shipowners, ship managers and rig companies. Owners of around 670 ships, vessels and rigs, members of the Oslo-based non-profit organisation rated UK-based Lintec highest among their suppliers of marine […]

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SINGAPORE: SGX seeks public comments on proposed contract specifications of fuel oil futures contrac

(EnergyAsia, September 9, Wednesday) — Singapore Exchange Limited (SGX) is inviting public comments on the proposed contract specifications of its proposed fuel oil 380-centistoke futures contract to be launched on its derivatives market. The proposed FO 380 contract will be traded in units of 100 tonnes per lot and is physically deliverable at exchange-designated installations. […]

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AUSTRALIA: Arrow Energy reports 885% increase in full year profit

(EnergyAsia, September 2, Wednesday) — Australia’s Arrow Energy said its profit for the year ended June 30 2009 surged by 885% to A$366 million compared with the previous year. (US$1=A$1.2). The company said its full year earnings before interest, tax, depreciation and amortisation (EBITDA) was A$580.2 million, a 723% increase on the prior full year […]

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