Archive | April, 2011

SINGAPORE: Goldman Sachs, Harren & Partner to invest US$500 million in OIG

(EnergyAsia, April 29 2011, Friday) — The Harren & Partner Group and Goldman Sachs Capital Partners said they have agreed to invest a total of US$500 million in Singapore-based OIG Offshore Installation Group to help finance the company’s strategic growth and acquisition of additional vessels. OIG Offshore Installation Group is an offshore engineering contract procurement […]

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INDIA: ABB awarded US$18 million contract to upgrade power plant automation

(EnergyAsia, April 28 2011, Thursday) — ABB, the Switzerland-based power and automation technology group, said it has won an order worth US$18 million to upgrade and modernise control systems a 1,260 megawatt (MW) thermal power plant in the western Indian state of Gujarat. The contract was awarded by Gujarat State Electricity Company Limited (GSECL) for […]

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CHINA: Rolls-Royce secures US$65 million contract to supply and install gas compression equipment

(EnergyAsia, April 28 2011, Thursday) — Rolls-Royce, the UK-based global power systems company, said it recently secured a contract to supply gas compression equipment to PetroChina, the country’s largest oil and gas producer, for its West-East gas pipeline project. Rolls Royce said it will supply and install its RB211 gas turbine compressor packages at the […]

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CHINA: March oil demand “stays” robust at 9.2 million b/d, says Platts

(EnergyAsia, April 27 2011, Wednesday) — China’s oil appetite remained strong, rising 10.5% year-on-year to 38.96 million metric tons (mt), or 9.2 million b/d, in March said McGraw-Hill’s energy media specialist Platts.  While March demand eased from February’s peak of 9.58 million b/d, Platts said this is still fairly robust, as the world’s second largest […]

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PHILIPPINES: ADB promotes electric vehicles for Manila and other cities

(EnergyAsia, April 21 2011, Thursday) — The Asian Development Bank (ADB) is promoting the use of electric vehicles in the Philippines as a cost-effective and energy-efficient mode of transportation. Last week, Philippine President Benigno S. Aquino III transferred 20 ADB-funded electric tricycles (e-trikes) to the City of Mandaluyong, marking an important first step towards a […]

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PEOPLE: Schlumberger predicts major shortage of upstream petroleum technical professionals by 2014

(EnergyAsia, April 21 2011, Thursday) — The upstream oil and gas industry will face a major shortage of petrotechnical professionals (PTP) with the impending global loss of 5,000 experienced workers by 2014, according to France-based Schlumberger Business Consulting (SBC). In its 2010 Oil & Gas Human Resources Benchmark Report, the company said the “big crew […]

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MARKETS: Consultant bullish on prospects for small and mid-scale LNG projects

(EnergyAsia, April 21 2011, Thursday) — The small and mid-scale liquefied natural gas (LNG) market has grown considerably in recent years, with a number of new terminals starting up in 2010, and will gain even more popularity and importance in the near future, according to UK-based industry advisors, ActOn LNG consulting. Tony Acton, principal of […]

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BAHRAIN: Foster Wheeler awarded feasibility study contract to revamp, expand LPG facilities

(EnergyAsia, April 20 2011, Wednesday) — Swiss-based engineering giant Foster Wheeler AG said it has been awarded a contract by Bahrain National Gas Company (BSC) or BANAGAS to undertake a feasibility study to revamp and expand its liquefied petroleum gas (LPG) facilities in Bahrain. The contract, won by a subsidiary of Foster Wheeler’s Global Engineering […]

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