Archive | February, 2011

SAUDI ARABIA: Middle East unrest to rekindle US ties

(EnergyAsia, February 28 2011, Monday) — As unrest sweeps across the Middle East and North Africa, Saudi Arabia may be forced to revitalise waning ties with its long-time protector, the US. Since the September 11 2001 terror attacks on the US, relations between the two countries have cooled on growing bilateral disagreements over political and […]

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SAUDI ARABIA: Production above nine million b/d, unverified sources tell media

(EnergyAsia, February 28 2011, Monday) — World oil prices have retreated from their 30-month highs of last Thursday after anonymous sources told Reuters and Bloomberg that Saudi Arabia had sharply raised production to counter the loss of Libyan supplies. While this claim could not be immediately and independently verified, traders nevertheless sold off Brent crude […]

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MARKETS: Platts says OPEC January output reached 29.57 million b/d, highest in over two years

(EnergyAsia, February 28 2011, Monday) — The Organisation of the Petroleum Exporting Countries (OPEC) produced an average of 29.57 million b/d in January, its highest level in more than two years, according to a Platts survey of OPEC and industry officials and analysts. The report attributed the 300,000 b/d increase over December’s output to a […]

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SINGAPORE: Stepan Co to produce oilfield surfactants from former biodiesel plant

(EnergyAsia, February 25 2011, Friday) — US-based Stepan Co is converting Peter Cremer’s failed biodiesel plant on Singapore’s Jurong Island to produce surfactants for use in oilfields around the world. Stepan acquired the 100,000-tonne-per-year (t/y) methyl ester plant last year, and is doubling the capacity as part of its conversion work to be completed by […]

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SINGAPORE: Dyna-Mac aims to raise S$152.6 million in share offering

(EnergyAsia, February 25 2011, Friday) — Singapore-based Dyna-Mac Holdings Ltd said it is offering 436 million shares to the public at S$0.35 each in conjunction with its listing on Singapore Exchange Securities Trading Ltd’s (SGX-ST) mainboard. (US$1=S$1.27). The engineering, procurement and construction services group said the initial public offering (IPO) comprises 186 million new shares […]

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