Archive | April, 2010

MYANMAR: Government privatising 246 fuel filling stations

(EnergyAsia, April 30 2010, Friday) — Myanmar’s government is selling off 246 fuel retail outlets in an attempt to stabilise fuel prices, which it blames for contributing to runaway inflation. The 246 stations, owned by the Myanmar Petroleum Product Enterprises, are located mostly in Yangon, Mandalay, Bago, Ayeyarwady and Shan. The Privatisation Committee has issued […]

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SAUDI ARABIA: Oilfield support specialist Baker Hughes opens “Superbase”

(EnergyAsia, April 30 2010, Friday) — US supplier and oil-field support company Baker Hughes has launched a $35 million “Superbase” facility in Dhahran city in Saudi Arabia. The centre features laboratories, offices, repair and maintenance shops and offsite monitoring facilities. Saudi Aramco senior vice president of exploration and production Amin H. Nasser said Baker Hughes […]

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QATAR: Gas projects in Venezuela and Turkey eyed

(EnergyAsia, April 30 2010, Friday) — Qatar is interested to invest in a regasification venture in Venezuela and a natural gas pipeline to Turkey. Khalid bin Mohammed al-Attiyah, Qatar’s acting Business and Trade Minister, said his government may invest US$800 million in a joint regasification venture with Venezuelan state oil company PDVSA. He said current […]

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INDIA: Hindustan Petroleum considering investing 250-billion rupees in new refinery

(EnergyAsia, April 30 2010, Friday) — Hindustan Petroleum Corp (HPCL), India’s third-largest refiner, is considering investing 250-billion rupees to build a new refinery to meet strong domestic fuel demand. (US$1=45 rupees). The company is expected to launch a study for the proposed 20-million-tonne-per-year plant to be built along the Indian coast south of Mumbai. HPCL […]

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INDONESIA: Latham & Watkins advised on two power project financings totalling US$1.81 billion

(EnergyAsia, April 29 2010, Thursday) — Law firm Latham & Watkins said it recently advised on two landmark power projects under development in Indonesia– the US$1.215 billion Paiton 3 project in East Java and the US$595 million Cirebon project in West Java. Latham & Watkins  said it represented Japan Bank for International Cooperation (JBIC) and […]

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MARKETS: Oil spill from leaking well in Gulf of Mexico spreading to coasts by weekend, said AccuWeat

(EnergyAsia, April 29 2010, Thursday) — said oil leaking from an oil well and TransOcean’s sunken rig in the Gulf of Mexico is spreading and could reach the beaches along four states this weekend. While sunshine and calm seas will aid in cleanup efforts of the Deepwater Horizon rig through Wednesday, thunderstorms, increasing winds […]

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