Archive | June, 2011

OMAN: Oman Oil Refineries renamed Orpic

(EnergyAsia, June 30 2011, Thursday) — Oman Oil Refineries and Petroleum Industries Co has been renamed Orpic. The company said the new name and a rebranding campaign are aimed at reflecting the sultanate’s increasingly modern and inter-linked oil refining and petrochemicals industry which recently was recently restructured to improve efficiency and competitveness. Orpic, formed out […]

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AUSTRALIA: LNG exports to bring in A$36 billion a year, says IEA

(EnergyAsia, June 30 2011, Thursday) — Australia will overtake Qatar as the world’s top liquefied natural gas (LNG) producer and exporter by 2020, earning a whopping A$36 billion in revenue a year, said the International Energy Agency (IEA). In proclaiming that natural gas is entering a “golden age”, the Paris-based agency anointed Australia, which earned […]

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SINGAPORE: “Energy Map of Singapore/Johor 2011” and “Energy Industry in Singapore 2011 with directory”

(EnergyAsia, June 29 2011, Wednesday) — The 2011 edition of this map, measuring 120 cm by 90 cm, shows the latest oil, gas, petrochemical, chemical and power and marine installations and plants in Singapore and Johor. First produced in 1999, this unique map contains latest statistical information including oil and power consumption, refining capacities, power […]

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AUSTRALIA: Economic outlook for Queensland and West Australia tied to LNG industry expansion

(EnergyAsia, June 29 2011, Wednesday) — The economic outlook for Australia’s Queensland state is tied to its massive liquefied natural gas industry (LNG) that is showing no signs of slowing down, say analysts and government officials. The state is expected to pull in another A$10 billion worth of new investments, with half coming from the […]

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JAPAN: JX Nippon may shut down Muroran refinery

(EnergyAsia, June 29 2011, Wednesday) — Faced with dwindling domestic oil demand, Japan’s top refiner JX Nippon Oil and Energy Corp is looking to shut down its 180,000 b/d Muroran refinery in the north. It has been planning to reduce its crude refining capacity by 200,000 b/d by March 2014 after having slashed around 400,000 […]

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ASIA: Refiners expanding capacities to position for growth

(EnergyAsia, June 29 2011, Wednesday) — Asian refiners are expanding their capacities and global market share at a time when potential rivals in the US, Europe and Japan are either exiting the business, reducing operations or restructuring their businesses. India’s Bharat Petroleum Corp, Essar, Reliance and IOC, Malaysia’s state-run Petronas and China’s PetroChina and Sinopec […]

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CHINA: May oil demand robust at 9.31 million b/d, but growth slowing down and inventories rising, says Platts

(EnergyAsia, June 29 2011, Wednesday) — China’s apparent oil demand in May reached 39.4 million metric tons (mt) or an average of 9.31 million barrels per day (b/d), which was 8% higher year on year, as state-owned enterprises continued to increase output to meet local market supply needs, said energy media Platts. But Platts said […]

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