Archive | January, 2011

CHINA: Diesel shortage set to worsen

(EnergyAsia, February 1 2011, Tuesday) — China’s diesel shortage could worsen this year, with the country’s refineries unable to keep pace with the growth in consumption, said China National Petroleum Corp (CNPC). Demand for the fuel used for transportation and power generation may exceed supply by 3.5 million metric tons, said the country’s largest oil […]

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CHINA: Sinopec investing in Enbridge’s $5.5 billion pipeline project

(EnergyAsia, February 1 2011, Tuesday) — China’s Sinopec has made a strategic C$100 million investment in a proposed C$5.5 billion pipeline to deliver diluted bitumen to a marine terminal in Canada’s British Columbia province for export to Asia. (US$1=C$1). Canadian energy infrastructure builder and operator Enbridge Inc is launching a consortium to build the Northern […]

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CHINA: Commercial oil storage capacity to exceed 200 million barrels in 2011

(EnergyAsia, February 1 2011, Tuesday) — China expects to expand its commercial storage capacity for oil products by 30 million barrels to 208 million barrels this year. The world’s second-largest oil consuming country, which began building its strategic petroleum reserves in 2005, added 12 million barrels of capacity last year.   It completed the first […]

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NORWAY: Oil production and reserves declining rapidly

(EnergyAsia, February 1 2011, Tuesday) — Despite actively investing in exploration activities, Norway has reported a decline in both its crude oil production and reserves for 2010.   Over the five-year period to 2010, its unproven reserves plunged 21% to 16.4 billion barrels of oil equivalent (boe) while proven reserves fell from 5.2 billion boe […]

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UAE: Fujairah port to raise oil storage capacity by nearly 50%

(EnergyAsia, February 1 2011, Tuesday) — Boosted by fresh investment interest from Japanese trading house Mitsubishi Corp, the UAE’s Fujairah port is looking to raise its oil products storage capacity by nearly 50% by end-2012. A senior Mitsubishi representative in the Middle East, Hiroshi Nishimoto, recently met with the Fujairah Chamber of Commerce and Industry […]

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CHINA: First Solar and China Guangdong Nuclear partner to develop Ordos solar project

(EnergyAsia, January 31 2011, Monday) — Arizona, US-based thin-film solar module manufacturer, First Solar Inc, and China Guangdong Nuclear Solar Energy Development Co Ltd (CGN SEDC) have agreed to jointly develop Phase 1 of the previously announced solar photovoltaic (PV) plant in Ordos in China’s Inner Mongolia. Their memorandum of understanding (MOU) represents an important […]

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AUSTRALIA: Riversdale Mining’s Benga JV to fully own US$1 billion power project in Mozambique

(EnergyAsia, January 31 2011, Monday) — Australia’s Riversdale Mining Limited said its 65/35 joint venture with India’s Tata Steel will soon fully own the proposed US$1 billion Benga power plant (BPP) in Mozambique. Elgas SARL, Riversdale’s former joint partner in BPP, has agreed to allow Riversdale to acquire its option for a 50% interest in […]

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AUSTRALIA: PTTEP upstream projects under review after Montara oil spill

(EnergyAsia, January 31 2011, Monday) — The Australian government is reviewing projects operated by Thailand’s PTT Exploration and Production as part of its moves to tighten up regulation of offshore oil exploration. PTTEP’s Australian unit caught fire at the Montara field wellhead off northwestern Australia in August 2009, spilling oil and condensate into the sea […]

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