IRAQ: Chinese and Russian firms awarded contracts to develop main oil and gas fields

(EnergyAsia, December 31, Thursday) — Chinese and Russian companies have captured what could be the most valuable of seven contracts to develop oil and gas fields in Iraq while the US, which led the 2003 invasion to depose Saddam Hussein from power, was left with a small consolation prize. In its biggest post-Saddam auction of…

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TURKMENISTAN: New pipeline to China weakens Russia’s grip on region’s gas exports

(EnergyAsia, December 31, Thursday) — Turkmenistan has launched a new 1,833-km pipeline to export natural gas to China that at the same time ends Russia’s grip on the livelihood of Central Asia’s main natural gas producers.   The pipeline has the capacity to carry between 30 billion and 40 billion cubic metres (bcm) of natural…

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INDIA: Kakinada Seaports, Singapore’s Sembcorp Marine to jointly establish marine and offshore facil

(EnergyAsia, December 31, Thursday) — Sembawang Shipyard, a wholly-owned subsidiary of Singapore’s Sembcorp Marine, and India’s Kakinada Seaports Limited have agreed to jointly form Sembmarine Kakinada Ltd (SKL) to establish and operate a marine and offshore facility catering to offshore drilling units and merchant vessels trading or operating in Indian waters. Sembawang Shipyard will hold…

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SINGAPORE: Keppel FELS caps 2009 with record 13 rig deliveries

(EnergyAsia, December 31, Thursday) — Singapore’s Keppel FELS Limited said it has delivered a record number of 13 rigs, all within budget and on time, in 2009. For its performance deliveries of eight jackup rigs, four semisubmersible and one semisubmersible drilling tender rigs, customers rewarded the company with a S$2 million bonus. (US$1=S$1.4). Wong Kok…

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VIETNAM: Singapore companies make further inroads into E&P support business

(EnergyAsia, December 31, Thursday) — The following is a series of recent announcements made by Singapore-listed companies, Technics Oil and Gas, Federal International (2000), Sembcorp Marine and EOC Limited, providing equipment and services to the upstream oil and gas industry in Vietnam. Technics Oil and Gas Ltd said it has secured its 11th contract since…

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CHINA: Sinopec’s overseas crude oil output reached 17 million tonnes last year

(EnergyAsia, December 31, Thursday) — State-owned China Petroleum and Chemical Corporation (Sinopec) expects its overseas crude oil output to have reached 17 million tonnes last year, thanks to a late boost from its US$7.9 billion acquisition of Geneva-based Addax Petroleum  Corp in August. Addax, which owns and operates proven oil fields in Iraq’s Kurdistan and…

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SINGAPORE: Linde Gas starts up S$25 million carbon dioxide plant on Jurong Island

(EnergyAsia, December 31, Thursday) — Linde Gas Singapore Pte Ltd, a subsidiary of German’s Linde Gas, has started up its new S$25 million carbon dioxide (CO2) plant on Jurong Island in Singapore. (US$1=S$1.4).

The plant produces approximately 100 tons per day of liquid carbon dioxide to double the local production capacity, making Linde the largest merchant producer of the gas in Singapore.

The company said the plant will also substantially reduce Singapore’s dependence on imports and provide cost benefits to customers through a local production source. Previously, Singapore imported approximately 50 tons per day of the gas, mainly from Malaysia.

The new plant, which is sited next to an existing Linde industrial gas plant, will utilise by-product carbon dioxide generated from the synthesis gas production process at the site, thus helping reduce carbon emissions. The company will also provide more efficient technology solutions, supply and service in a wide range of applications such as those for the food and beverage, fabrication, chemicals, pharmaceutical and water treatment industries.

Sanjiv Lamba, who heads Linde’s business in South and East Asia, said:

“Singapore has always been an important market for Linde and we are confident about the long term growth prospects for the industry here. 

With this new plant, we aim to play an even more significant role in the carbon dioxide supply chain, meeting the demands of both the local and export markets by offering faster and more efficient delivery.

“Despite the economic crisis, carbon dioxide (sales) volumes have remained strong in 2009, with demand from the food and beverage industry particularly stable. Across Asia, carbon dioxide demand is expected to grow between five and seven percent per year over the next few years. 

We see good prospects in the fabrication and chemicals sectors, and we are leveraging Linde’s technological strength to develop a number of new applications to further grow our carbon dioxide business.”

Tan Choon Shian, deputy managing director of the Economic Development Board (EDB), said:

“We warmly welcome Linde as a key technological player in Singapore’s chemical industry. Linde’s two new facilities are testimony of the company’s trust and confidence in Singapore as a strategic base to grow their presence in the region. We look forward to partnering them in future collaborations to bring new and efficient solutions to customers on Jurong Island.”

Tapping on the growth in demand for electronic specialty gases (ESG) in Singapore and the region, Linde has built up a supply chain facility on Jurong Island to serve as its regional distribution and storage hub.

Last year, Linde Gas Singapore invested S$30 million into expanding an existing hydrogen, carbon monoxide and synthesis gas (HyCO) plant on Jurong Island to supply Lucite International Singapore Pte Ltd with carbon monoxide for their new Alpha 1 project.

The Linde Group is a world leading gases and engineering company with almost 50,000 employees in its operations around 100 countries.

SINGAPORE: Senoko Power launched second stage of repowering project

(EnergyAsia, December 30, Wednesday) –– Singapore’s Senoko Power said a Japanese consortium has started work on the second stage of a repowering project according to an engineering, production and construction (EPC) contract awarded in September last year. The consortium, comprising Mitsubishi Corporation, Mitsubishi Heavy Industries and Hitachi Asia, will begin onsite work to convert three…

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SINGAPORE: KS Energy consolidating its businesses into KS Distribution

(EnergyAsia, December 30, Wednesday) — Singapore-listed oil and gas services provider KS Energy Services has decided to undertake the overdue consolidation of its distribution businesses into a new $320 million entity called KS Distribution. (US$1=S$1.4). KS Energy will acquire the shares of 54.1%-owned subsidiary, Aqua-Terra Supply Co (ATS), and associate, SSH Corporation (SSH), with the…

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INDIA: Think tank downsizes domestic coal reserves to 45 years from 200 years

(EnergyAsia, December 30, Wednesday) — A leading Indian think tank said the country has only 45 years of commercially exploitable coal reserves, not 200 years as widely assumed by the government and the industry. In a report on India’s energy security, The Energy and Resources Institute (TERI) of New Delhi downgraded the country’s coal reserves…

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THAILAND: Government to cancel oil and gas exploration deal with Cambodia

(EnergyAsia, December 30, Wednesday) — The Thai government is poised to terminate an oil and gas exploration deal with Cambodia amid a worsening row over Phnom Penh’s appointment of fugitive Thai prime minister Thaksin Shinawatra as an economics adviser. The exploration deal had been signed in 2001 during Thaksin’s administration and called for the two…

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SINGAPORE: New power plant to be built on the eastern part of island

(EnergyAsia, December 30, Wednesday) — The Singapore government has announced plans to build a power station in the eastern part of the country as part of several new mid- to long-term projects for the energy industry. The government has released land along Lorong Halus in Tampines for the planned power station, which is expected to…

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PHILIPPINES: Phoenix Petroleum to invest 500 million peso in capex and storage for 2010

(EnergyAsia, December 30, Wednesday) — Listed independent oil player Phoenix Petroleum Philippines Inc said it has set aside 500 million peso in capital expenditures next year to expand its retail network and set up storage and logistics support facilities. (US$1=46.5 peso). The company is looking to put up between 40 and 50 retail stations nationwide…

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INDIA: Crude oil stockpile to be increased to 8.5 million tonnes by 2012

(EnergyAsia, December 30, Wednesday) — The Indian government is planning to increase the country’s crude oil stockpile by five million tonnes to 8.5 million tonnes by 2012. State-owned Indian Strategic Petroleum Reserve Limited will increase the storage capacity of underground rock caverns at Visakhapatnam, Mangalore and Padur. The cost of building the additional capacity and…

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PUERTO RICO: Oil storage explosion and fire caused by fuel leak, sabotage ruled out

(EnergyAsia, December 29, Tuesday) — The massive explosion and fire at the storage facility of Caribbean Petroleum Corp at San Juan in Puerto Rico last October was caused by a fuel leak rather than sabotage, according to the US Federal Bureau of Investigation. The fuel leak occurred when one of the huge storage tanks at…

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SINGAPORE: Johor tank farms could pose competition

(EnergyAsia, December 29, Tuesday) — Planned onshore tank farms in the southern Malaysian state of Johor could become a long-term source of competition for a floating storage terminal being considered in Singapore. State industrial landlord JTC Corp is expected to complete by next March its study on setting up the very large floating structure (VLFS)…

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INDIA: Crude oil stockpile reached 74 days of demand

(EnergyAsia, December 29, Tuesday) — India’s official crude oil stockpile has reached 74 days of consumption, still below the 90 days recommended by the International Energy Agency as the minimum needed to counter supply disruptions. “We have crude oil reserve for 74 days in our strategic reserve meant for emergency situations like war or natural…

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TURKMENISTAN: China secures gas supply

(EnergyAsia, December 29, Tuesday) — The following is an edited version of an article by Philip H. de Leon of www.OilPrice.com. On December 14, 2009, the presidents of China – Hu Jintao, Turkmenistan – Gurlanguly Berdymukhamedov, Kazakhstan – Nursultan Nazarbayev, and Uzbekistan -Islam Karimov, inaugurated the Central Asia–China gas pipeline that links Turkmenistan’s natural gas…

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JAPAN: Nippon Oil, Nippon Mining to reduce merged refining capacity by 400,000 b/d or 20%

(EnergyAsia, December 29, Tuesday) — Japanese oil refiner Nippon Oil Corp and Nippon Mining Holdings Inc said they plan to slash 400,000 b/d or 20% of their combined refining capacity when they complete their proposed merger by March 2011. Three refineries have been targeted for a complete shutdown, while a fourth plant will be reduced…

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MYANMAR: CNPC secures exclusive rights to build and operate 771-km crude oil pipeline

(EnergyAsia, December 29, Tuesday) — China National Petroleum Corp (CNPC) said it has secured the exclusive rights to build and operate a 771-km pipeline to deliver crude oil from an island off western Myanmar to Yunnan province in China. The company said Myanmar’s Energy Ministry officially signed the documents last week that granted the operating…

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INDIA: Bharat Oman refinery to start up in August

(EnergyAsia, December 29, Tuesday) — Bharat Oman Refineries Ltd (BORL) expects to start up its 120,000 b/d oil refinery in Bina in central India next August.   Most of the new plant’s units will be ready by mid-April, but its hydrocracker will only start operating in August.   The refinery will help state-owned Bharat Petroleum…

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SAUDI ARABIA: Jubail Commercial Port signs contracts for storage and export of petrochemicals

(EnergyAsia, December 28, Monday) — Saudi Ports Authority (SPA) has secured contracts with three companies, Saudi National Industrialization Company, Advanced Petrochemical Company and Saudi International Petrochemical Company (Sipchem), to store and export petrochemicals from Jubail Commercial Port. SPA’s President, Khaled bin Ahmed Bubshait, signed the contracts with representatives of the three companies last month. Saleh…

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PAPUA NEW GUINA: ExxonMobil awards two EPC contracts to engineering consortia

(EnergyAsia, December 28, Monday) — Esso Highlands Limited, an ExxonMobil subsidiary, has awarded two separate engineering, procurement and construction (EPC) contracts for the development of a 6.6-million-tonne-per-year (t/y) LNG plant in Papua New Guinea comprising two trains and facilities for inlet processing, treating, liquefaction, storage and loading. A consortium comprising Chiyoda Corp and JGC Corp,…

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PAPUA NEW GUINEA: ExxonMobil-led consortium to proceed with $15 billion LNG export project

(EnergyAsia, December 28, Monday) — Papua New Guinea, one of Asia’s poorest countries, is preparing for an economic lift-off in the coming decade after an ExxonMobil-led consortium approved the development of a $15 billion project to produce and export liquefied natural gas (LNG) to the region’s fast-growing economies. The project will triple Papua New Guinea’s…

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UAE: South Korea’s Daewoo Engineering starts work on building oil storage tanks for refiner

(EnergyAsia, December 28, Monday) — South Korea’s engineering firm Daewoo E&C said it has begun work on a $1.7 billion engineering, procurement, and construction (EPC) contract to build 76 oil storage tanks for the Ruwais oil refinery in Abu Dhabi. The Abu Dhabi Oil Refining Company (Takreer) awarded the contract as part of a $10-billion…

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