SINGAPORE: Keppel subsidiary opens waste-to-energy plant

(EnergyAsia, July 1 2010, Thursday) — Keppel Integrated Engineering Ltd (KIE), the environmental technology and engineering arm of Singapore’s Keppel Corporation Limited, has officially opened the country’s newest waste-to-energy (WTE) plant, the first to be built under the National Environment Agency (NEA)’s Public-Private Partnership (PPP) initiative. The plant has the capacity to treat 800 tonnes...

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MARKETS: Industry calls for government to increase subsea focus in UK’s energy policy

(EnergyAsia, July 1 2010, Thursday) — Alistair Birnie, chief executive of Subsea UK, has called for the British government to show greater support for the sector that contributes £5 billion to the economy and supports 40,000 jobs. (US$1=£0.67) Leading a delegation of subsea businesses from across the country, he reminded the House of Commons yesterday...

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MARKETS: Oil industry reputation hit by Gulf of Mexico oil disaster, survey shows

(EnergyAsia, July 1 2010, Thursday) — By Darrell Delamaide for Oilprice.com. The Gulf oil spill has hit the reputation not only of BP but of the entire oil industry, including among those who favor increased use of fossil fuels as the main source of energy. Research firm Market Strategies International said its E2 Index, which...

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COMPANY: A bankrupt BP – worse for the financial world than Lehman Brothers?

(EnergyAsia, July 1 2010, Thursday) — By Jim Sinclair at JSMineset via Oilprice.com. The BP crisis in the Gulf of Mexico has rightfully been analysed (mostly) from the ecological perspective. People’s lives and livelihoods are in grave danger. But that focus has equally masked something very serious from a financial perspective, in my opinion, that...

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SINGAPORE: Leader paints grim energy outlook, risk of nuclear power

(EnergyAsia, July 1 2010, Thursday) — Singapore’s founding father has given a grim warning of the country’s energy challenge, that “we die” if the country is unable to find affordable sources of energy. At a conference on water this week, Minister Mentor Lee Kuan Yew delivered his most important message on energy as he hinted...

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CHINA: Continuing support for Iran, Venezuela

(EnergyAsia, July 1 2010, Thursday) — China is continuing to supply fuel to Iran and providing hard currency loan to Venezuela. Traders said state-owned Sinopec has been exporting small parcels of gasoline to Iran, which is under increasing pressure from a trade embargo imposed by the West. The move reflects China’s interest in keeping political...

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CHINA: Air Products building world-class hydrogen plant for PetroChina

(EnergyAsia, July 1 2010, Thursday) — Air Products, a NYSE-listed global hydrogen provider to oil refineries, said its joint venture company based in Sichuan, China has signed a long-term agreement to build a hydrogen production facility for PetroChina Company Limited, one of the largest oil and gas companies in the world. It is the first...

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SINGAPORE: JTC calls for tender to build offshore marine centre in Tuas

(EnergyAsia, June 30 2010, Wednesday) — Singapore’s JTC Corporation has issued a tender calling for the construction of an offshore marine centre at Tuas South to support upstream oil and gas and marine companies. The proposed centre, to be built on a 13-hectare site at the new Tuas View Extension, is expected to be completed...

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IRAQ: Oil production to hit only half of government target, says research firm

(EnergyAsia, June 30 2010, Wednesday) — Iraq will probably achieve only about half its 12 million b/d oil production target over the next five to 10 years, according to consultant IHS Cambridge Energy Research Associations (CERA). In a recent study, IHS CERA projects Iraq’s oil output to reach 4.3 million b/d by 2015 and 6.5...

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IRAQ: Oil field services firms see long-term opportunities

(EnergyAsia, June 30 2010, Wednesday) — The risks in Iraq are high for oil field services firms, but opportunities in the long-term look too good to pass up. Schlumberger and Weatherford have obtained US$500 million in contracts from BP, which is developing the Rumaila oil field in southern Iraq. Andrew Gould, Schlumberger chairman and CEO,...

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INDONESIA: Pertamina says it plans to start building first of three large oil refineries

(EnergyAsia, June 30 2010, Wednesday) — Indonesian state oil and gas firm PT Pertamina said it is teaming up with local and foreign firms to start building the first of three oil refineries this year. The three projects are estimated to cost a combined US$15 billion. Alexander Barus, director for upstream chemical industries at the...

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INDIA: Thermal coal imports seen to hit 60 million tonnes in 2010

(EnergyAsia, June 30 2010, Wednesday) — India’s coal import bill will rise sharply this year as it could import as much as 60 million tonnes of thermal coal at a significantly higher price. The South Asian nation is said to have signed thermal coal supply contracts at a much higher price than last year in...

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CHINA: Follow through on recent 15 deals signed with Russia

(EnergyAsia, June 30 2010, Wednesday) — China and Russia are working to follow through on the 15 deals their governments recently signed covering such areas as the economy, technology, energy and infrastructure during Chinese Vice President Xi Jinping’s recent tour of its resource-rich neighbour. Of the deals worth a total of US$1.6 billion, joint energy...

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SINGAPORE: JAC seeking senior corporate executives for aromatics project

(EnergyAsia, June 29 2010, Tuesday) — The Jurong Aromatics Corporation (JAC) is looking for experienced executives to manage its planned US$2 billion aromatics complex on Singapore’s Jurong Island. The company recently advertised for personnel to fill the positions of CEO, CFO and executive vice president to oversee the construction, operation and management of the complex...

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SINGAPORE: Electricity demand growth slowed to new low in 2009

(EnergyAsia, June 29 2010, Tuesday) — Singapore’s electricity demand growth fell to a new low of 0.4% in 2009, down from the usual annual rates of 3% to 4% as the economic recession bit.   In value terms, Singapore traded S$6.46 billion worth of electricity, down 6.6 per cent from 2008 as power tariffs fell...

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SINGAPORE: Sembcorp applies for licence for additional 1,000 MW for second cogen plant

(EnergyAsia, June 29 2010, Tuesday) — Singapore’s Sembcorp Industries has applied to the Energy Market Authority for a licence to build and operate an additional 1,000 megawatts of power generation capacity as it prepares to build a second combined cycle and cogeneration plant.   Sembcorp has also issued documents inviting proposals from potential engineering, procurement...

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UAE: Azerbaijan’s SOCAR, Switzerland’s Aurora Progress to develop oil storage terminal

(EnergyAsia, June 29 2010, Tuesday) — The State Oil Company of Azerbaijan Republic (SOCAR) and Switzerland’s commodities trading house Aurora Progress SA said they plan to launch a joint venture to develop oil storage facilities including a terminal for handling oil products in the UAE’s Port of Fujairah.   SOCAR AURORA will act as an...

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UAE: Fujairah to double the size of fuel storage capacity by 2012

(EnergyAsia, June 29 2010, Tuesday) — The UAE’s Fujairah is expected to more than double the size of fuel storage capacity as it aims to become an oil hub that could rival Rotterdam and Singapore. International companies plan to build an additional 4.2 million cubic metres of fuel storage capacity along the Fujairah coast by...

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MARKETS: ExxonMobil continue focus on technology, partnerships to help meet world’s energy demand

(EnergyAsia, June 29 2010, Tuesday) — Amid increasingly difficult challenges facing the oil and gas industry, ExxonMobil is sticking with its message that technology and ‘strong international partnerships’ will help the world meet its future energy demand. At the International Oil and Gas Conference and Exhibition in China early this month, a senior company executive...

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INDIA: IOC may cut back naphtha exports with start-up of cracker

(EnergyAsia, June 29 2010, Tuesday) — Indian Oil Corp (IOC), the nation’s second-largest oil refiner, may have to reduce its export of naphtha following the successful start-up of its US$3.2 billion naphtha cracker in northern India to meet demand from plastic makers. The state-owned company said the main units at the Panipat refinery has been...

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MARKETS: Veteran analyst sees Nymex gas prices rising beyond US$8/mBtu

(EnergyAsia, June 29 2010, Tuesday) — A veteran energy analyst is predicting that New York Mercantile Exchange natural gas prices will rise above US$8 per million British thermal units (Btus) by around August or September when North American natural gas inventories decline. Henry Groppe, patriarch of Texas petroleum industry consultancy Groppe Long & Littell, said...

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SINGAPORE: LANXESS selects key suppliers for butyl rubber plant on Jurong Island

(EnergyAsia, June 28 2010, Monday) — LANXESS, the Germany-based world’s largest manufacturer of synthetic rubber, said it has selected the main suppliers for its new butyl rubber plant on Jurong Island in Singapore. With these suppliers in place, the project execution phase is now in full swing to set up the infrastructure for the construction...

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INDONESIA: India’s Essar Power developing Aries coal mines

(EnergyAsia, June 28 2010, Monday) — India’s Essar Group is working to develop resources at its recently acquired Aries coal mines in Indonesia. The acquisition, completed in April, gave subsidiary Essar Power access to an estimated resource base of 100 million tonnes of thermal coal and mineable reserves of 64 million tonnes. Essar Power, India’s...

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UAE: ENOC unit aims to start work on oil terminal near Marsaxlokk port next year

(EnergyAsia, June 28 2010, Monday) — A unit of the Dubai government’s Emirates National Oil Company plans to construct an oil storage and handling terminal next to the Marsaxlokk port in Malta. In a statement, Horizon Terminals Ltd (HTL) said the 600,000-cubic metre terminal for residualr and clean products would have a jetty to handle...

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