Archive | August, 2010

NIGERIA: Investment prospects brighten with banking, oil reforms

(EnergyAsia, September 1 2010, Wednesday) — Fund managers consider Nigeria as one of the most attractive investment destinations these days as Africa’s second-largest economy pursues banking and oil sector reforms. Some say Africa’s largest oil producing country is starting to look as attractive as the leading emerging economies of Brazil, Russia, India and China, given […]

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MALAYSIA: New coal-fired power plant to be built within existing power complex

(EnergyAsia, September 1 2010, Wednesday) — Three companies have been shortlisted to house a new coal-fired power plant that will supply the Malaysian national electricity grid by 2015. The Energy Commission said it will choose between MMC Corp subsidiary Malakoff Corp Bhd’s Tanjung Bin Power Plant, Jimah Power Plant in Port Dickson in Negri Sembilan […]

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GHANA: Kosmos Energy cancelled Jubilee oilfield sale agreement with ExxonMobil

(EnergyAsia, September 1 2010, Wednesday) — US, Texas-based Kosmos Energy said it has cancelled an agreement to sell its stake in Ghana’s offshore Jubilee oilfield to ExxonMobil. The cancelled deal was valued at US$4 billion, and would have delivered a huge profit to Kosmos. The Ghana government was believed to have blocked the planned sale […]

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VIETNAM: Technics completes delivery of production equipment and platforms to Vietsovpetro

(EnergyAsia, August 31 2010, Tuesday) — Technics Oil and Gas Limited, a Singapore-listed full service integrator of compression systems and process modules for the offshore oil and gas sector, said it has completed a S$40 million engineering, procurement, construction and commission (EPCC) contract for Vietnam-based upstream company Vietsovpetro. Vietsovpetro ordered topside equipment for two wellhead […]

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CHINA: Coal imports continue to rise

(EnergyAsia, August 31 2010, Tuesday) — China’s coal imports are gathering pace as it looks to extend its lead on the rest of the world in the coming years. China’s net coal imports, which account for 30% of the Asia Pacific region’s coal trade, nearly doubled to 71 million metric tons in the first half […]

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MONGOLIA: SouthGobi plans second coal pit

(EnergyAsia, August 31 2010, Tuesday) — Hong Kong-listed SouthGobi Resources Ltd said it is planning to develop a US$205 million coal pit in south-central Mongolia for production start-up in 2012. The company, which is also listed in Toronto in Canada, will seek a mining licence for the proposed Soumber mine before the end of this […]

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