Archive | March, 2011

CHINA: Longwei Petroleum said it expects to benefit from 4.5% fuel price increase

(EnergyAsia, March 31 2011, Thursday) — Chinese fuel storage and distribution firm Longwei Petroleum Investment Holding Ltd said it expects to benefit from the 4.5% increase in gasoline and diesel prices enacted last February 21 by the powerful National Development and Reform Commission (NDRC). New York Stock Exchange-listed Longwei said the increase, which translates to […]

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JAPAN: ExxonMobil resumes operations at Shiogama terminal to facilitate disaster relief

(EnergyAsia, March 30 2011, Wednesday) — ExxonMobil Japan Group said it has resumed operations at its Shiogama terminal allowing for an increase in the delivery of fuel supplies into northeastern Japan, which was struck by the March 11 earthquake and tsunami. More than 26,000 people died or are missing after a 9-richter scale quake struck […]

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INDIA: Shell Global Solutions awarded contract to work with three local refineries

(EnergyAsia, March 30 2011, Wednesday) — Shell Global Solutions said it has signed an agreement with the Centre for High Technology, India (CHT) to improve operational efficiency and business performance of three Indian refineries with a combined capacity of 32 million metric tons a year. The Refinery Performance Improvement Program (RPIP) contract will be implemented […]

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AUSTRALIA: Natural gas production, LNG export earnings reached record in 2010

(EnergyAsia, March 29 2011, Tuesday) — Australian natural gas production increased 5.1% from 1,902 petajoules (PJ) in 2009 to a record 1,999 petajoules in 2010 due to rising global demand for the country’s liquefied natural gas (LNG) as well as growth in domestic gas-fired power generation, said analyst EnergyQuest. In a study, the Australian firm […]

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CHINA: Vopak adds ICBC to its syndicate of international relationship banks

(EnergyAsia, March 29 2011, Tuesday) — Dutch logistic and storage operator Royal Vopak said it has included Industrial and Commercial Bank of China (ICBC) as mandated lead arranger under the five-year 1.2-billion-euro senior unsecured multicurrency revolving credit facility (RCF), which was recently closed and announced on February 3 2011. (US$1=0.72 euro). The total amount and […]

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COMPANY: Gazprom unit appoints Nigel Kuzemko as global director of LNG development

(EnergyAsia, March 29 2011, Tuesday) — UK-based Gazprom Global LNG (GGLNG), a wholly-owned subsidiary of Gazprom Marketing & Trading (GM&T), said it has appointed Nigel Kuzemko as global director of liquefied natural gas (LNG) development. Mr Kuzemko will be based in Singapore and report directly to Frederic Barnaud, managing director of Gazprom Global LNG, at […]

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COMPANY: KPI Bridge Oil expands bunker trading team in Singapore, appoints leader for London team

(EnergyAsia, March 29 2011, Tuesday) — UK-based KPI Bridge Oil, a leading global bunker broker and trader has hired four traders for its wholly-owned Singapore subsidiary and a new team leader for its London office’s fourth trading team. Raj Kumar, Thomas Lee, Amy Choo and Carmen Poh have joined KPI Bridge Oil Singapore, boosting its […]

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UPSTREAM: Douglas-Westwood sees 79% rise in US$206 billion deepwater expenditure

(EnergyAsia, March 28 2011, Monday) — UK-based energy consultant Douglas-Westwood has forecast a massive 79% growth in the deepwater sector’s capital expenditure to US$206 billion for the 2011-2015 period compared to the previous five years. In announcing the launch of its new deepwater service, the company said drilling and completion expenditure is expected to be […]

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JAPAN: Greenpeace voices concerns over growing nuclear radiation from Fukushima reactors

(EnergyAsia, March 28 2011, Monday) — Greenpeace International has expressed grave concern over reports of the growing leak and spread of radioactive materials including the isotope Cesium-137 from Japan’s Fukushima power plant damaged by the earthquake and tsunami on March 11. More than 21,000 people are dead and reported missing after the 9-richter scale quake […]

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SAUDI ARABIA: SABIC to lead in developing industrialisation strategies for six cities

(EnergyAsia, March 24 2011, Thursday) — Petrochemical giant Saudi Arabian Basic Industries Corporation (SABIC) said it has signed a three-way agreement with the Saudi Industrial Property Authority (MODON) and the Boston Consulting Group (BCG) to develop industrialisation strategies for the Saudi cities of Al-Jouf, Tabuk, Hail, Jizan, Najran and Arar. SABIC was represented by vice […]

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