Archive | October, 2010

NEW ZEALAND: Gull launches biodiesel fuel

(EnergyAsia, November 1 2010, Monday) — Gull New Zealand, an independent oil company, said it has sourced biodiesel from leading biodiesel manufacturer Environ Fuels to launch the nation’s only B5 blended biodiesel available to the public at a service station. With the current availability of Gull Diesel Max, three Gull service stations now solely sell […]

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MARKETS: BIMCO and IBIA launched electronic guide to bunkering at SIBCON

(EnergyAsia, November 1 2010, Monday) — Two international associations representing the shipping and bunker fuel industries said they have launched an electronic guide to bunkering. BIMCO, the world’s largest international shipping association, and the International Bunker Industry Association (IBIA) said the new guide is designed primarily for use by ships’ crew. BIMCO’s Asia Liaison Officer, […]

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INDIA: Ghana’s oil and gas sector beckons

(EnergyAsia, November 1 2010, Monday) — India is interested to participate as a co-investor in Ghana’s booming upstream oil and gas sector. Officials from both sides are following up on the September meeting that India’s commerce and industry minister Anand Sharma held with Ghanaian President John Evans Atta Mills and his ministers during his visit […]

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CHINA: September oil demand up 5%to 8.7 million b/d, says Platts

(EnergyAsia, October 29 2010, Friday) — China’s apparent oil demand in September rose 5.1% year-on-year to 35.53 million metric tons (mt) or an average of 8.68 million b/d, said US oil media group Platts. According to its analysis of Chinese official data, Platts said the September demand figure is almost unchanged from August’s 35.54-million-mt level. […]

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SINGAPORE: Rotary Engineering secures US$250m contract to build MidEast oil storage facility

(EnergyAsia, October 29 2010, Friday) — Singapore’s Rotary Engineering Limited said it has secured a US$250 million engineering, procurement and construction (EPC) contract to build a 1.1-million-cubic-metre oil storage facility in the UAE. The contract was awarded by Singapore-based oil trader Concord Energy Pte Ltd for the Fujairah oil terminal to be completed in the […]

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SOUTH KOREA: KNOC inches closer to acquiring, delisting UK’s Dana

(EnergyAsia, October 29 2010, Friday) — South Korea’s state-owned Korea National Oil Corp (KNOC) is edging closer towards acquiring and delisting British oil explorer Dana Petroleum. It recently gained the support of Dana’s shareholders to acquire an additional 34% stake after having completed the buy-out of 29.5% in September. It is offering to pay 18 […]

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