SAUDI ARABIA: Foster Wheeler-SOFCON consortium awarded contract to work on Riyadh Refinery clean fuels project

(EnergyAsia, July 29 2011, Friday) — Foster Wheeler SOFCON, an unincorporated consortium between a subsidiary of Foster Wheeler’s Engineering and Construction Group and A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON), has been awarded a contract by Saudi Aramco to provide front-end engineering design (FEED) and management services for the Clean Transportation...

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SINGAPORE: China Aviation Oil signs agreement with China Development Bank for access to US$3 billion

(EnergyAsia, July 29 2011, Friday) — China Aviation Oil Singapore Corporation Ltd (CAO), Asia’s largest jet fuel trader, said it has signed a non-binding strategic cooperation agreement with China Development Bank Corporation (CDB), giving it access to up to US$3 billion to finance its expansion including asset acquisitions and oil trading activities. With the July...

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JAPAN: Chevron to supply LNG from Australia’s Wheatstone project to TEPCO

(EneryAsia, July 29 2011, Friday) — A consortium led by US major Chevron Corporation have secured agreements to supply liquefied natural gas (LNG) from its Wheatstone natural gas project in Australia to Japan’s Tokyo Electric Power Company (TEPCO). Chevron said that its Australian subsidiaries, together with US-based Apache Energy and Kuwait’s Kufpec will deliver up (more…)

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

(EnergyAsia, July 29 2011, Friday) —  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 (more…)

SINGAPORE: New operations centre to improve maritime safety and security, by SURESH NAIR

(EnergyAsia, July 29 2011, Friday) — Singapore, the world’s busiest port by vessel arrival tonnage, has launched a new operations centre to further raise the bar on navigational safety and security to support the region’s maritime trade. The official opening this week of the new Port Operations Control Centre (POCC) in Changi on the western (more…)

CHINA: CNPC starts up refinery in Chad

(EnergyAsia, July 28 2011, Thursday) — China National Petroleum Corp (CNPC), the country’s leading oil producer, has started up a joint-venture refinery with the Chadian government just outside the Central African country’s capital city of N’djamena. The one-million-tonne-a-year plant was officially opened last month at a ceremony attended by Chad’s President Idriss Deby and Prime...

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CHINA: Oil refining capacity could rise by a third by 2016, IEA says

(EnergyAsia, July 28 2011, Thursday) — China, the world’s second-largest oil user, could expand its refining capacity by a third to 13.3 million b/d between now and 2016, said the International Energy Agency (IEA). China National Petroleum Corp (CNPC) and China Petroleum & Chemical Corporation (Sinopec), the country’s two biggest oil and gas producers, own...

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TAJIKISTAN: First oil refinery due to start up in late 2012

(EnergyAsia, July 28 2011, Thursday) — Energy-poor Tajikistan has started building its first oil refinery to meet its rising domestic fuel demands and reduce its energy dependency on Russia. Tajik President Emomali Rahmon attended the groundbreaking ceremony for the privately-owned 100,000-ton/year plant in the western part of the country. Rustam Dustov, a local businessman who...

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MARKETS: OPEC’s net export revenues to exceed US$1 trillion in 2011, says US EIA

(EnergyAsia, July 28 2011, Thursday) — The 12-member Organisation of the Petroleum Exporting Countries (OPEC) could see their net oil export revenues surge by 35% to a new high of US$1,028 billion in 2011, and by a further 7.8% to US$1,108 billion in 2012, said the US Energy Information Administration (EIA). In its July 2011 (more…)

INDONESIA: IMF predicts 6.5% economic growth and higher inflation on reduced energy subsidies

(EnergyAsia, July 28 2011, Thursday) — Indonesia’s economy will continue to experience strong growth the next two years but will face rising inflationary pressures caused partly by the removal of energy subsidies, said the International Monetary Fund (IMF). The fund gave its finding in a report submitted by its Asia Pacific division chief, Thomas Rumbaugh, (more…)

CHINA: Sinopec, Italy’s Eni agree to jointly develop shale gas projects

(EnergyAsia, July 27 2011, Wednesday) — Italian oil major ENI and China Petroleum & Chemical Corp (Sinopec), Asia’s largest oil refiner, have signed a memorandum of understanding (MOU) to cooperate on projects in Africa and to jointly develop shale gas assets. The agreement expands ENI’s growing interest to develop its China ties. In January, Italy’s...

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IRAQ: Oil ministry and Karbala Corp to build 200,000 b/d refinery

(EnergyAsia, July 27 2011, Wednesday) — Iraq’s oil ministry and the Karbala Corporation Refinery (KRC) have signed an agreement to jointly invest in a 200,000 b/d refinery in the country’s central Karbala region. Operator KRC has awarded the main EPC contract for the long-delayed project to Italian engineering firm Saipem. The ministry said the US$6.5...

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MALAYSIA: KNM, Zecon sign EPC agreements for refinery-petrochemical complex in Johor

(EnergyAsia, July 27 2011, Wednesday) — Malaysian engineering companies KNM Group Bhd and Zecon Bhd sai they have signed agreements with Gulf Asian Petroleum Sdn Bhd (GAP) to develop its proposed refinery, petrochemical and oil storage projects at Teluk Ramunia in Malaysia’s Johor state. KNM said the heads of agreements involved engineering procurement and construction...

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MALAYSIA: Petronas to import LNG from Qatar from 2013

(EnergyAsa, July 27 2011, Wednesday) — Malaysia will import liquefied natural gas (LNG) from Qatar starting 2013 under a long-term contract signed between state oil and gas company Petronas and Qatargas. Wholly-owned subsidiary Petronas LNG Ltd, formerly known as ASEAN LNG Trading Company, signed an agreement with Qatargas in Doha City in Qatar last week...

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SAUDI ARABIA: Aramco, Dow Chemical to jointly invest in US$20 billion chemicals complex in Jubail

(EnergyAsia, July 27 2011, Wednesday) — Saudi Aramco and The Dow Chemical Company said they have agreed to form an equal joint venture to build and operate a US$20-billion fully integrated chemicals complex in Jubail Industrial City in Saudi Arabia by 2016. The companies said their boards authorised the formation of the new joint venture, Sadara (more…)

COMPANY: CB&I to build storage tank project in Saudi Arabia, LNG tanks in unnamed Asian country

(EnergyAsia, July 26 2011, Tuesday) — US engineering and construction firm CB&I said it has been awarded two contracts, worth more than US$560 million, to build storage tanks in Saudi Arabia and an unnamed Asian country. In Saudi Arabia, it will build a storage tank project, valued at more than US$60 million, for the Ma’aden...

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INDONESIA: President wants LNG import business opened to private firms

(EnergyAsia, July 26 2011, Tuesday) — The Indonesian government is planning to open up the business of importing liquefied natural gas (LNG) to the private sector as it struggles to meet the country’s fast-growing energy demand, said Industry Minister M.S. Hidayat. His ministry has found that domestic production will meet only half the country’s industrial...

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SINGAPORE: Sim Siang Choon renamed Loyz Energy to focus on oil and gas exploration and production

(EnergyAsia, July 26 2011, Tuesday) — Singapore-based bathroom products supplier Sim Siang Choon Limited (SSC) said shareholders have approved two resolutions for the company to shift its focus to exploring and producing energy, and to rename it Loyz Energy Limited. At an extraordinary general meeting last week, SSC shareholders approved the two resolutions for company to...

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AUSTRALIA: Santos to strengthen position in natural gas sector with acquisition of Eastern Star Gas

(EnergyAsia, July 26 2011, Tuesday) — Australian upstream company is strengthening its position as a natural gas player with its proposed share-swap acquisition of Eastern Star Gas Limited (ESG) which owns extensive coal seam gas reserves near Gunnedah in north-western New South Wales state. The deal, worth A$924 million, calls for ESG’s owners to swap...

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SINGAPORE: Gazprom unit’s fourth LNG supply contract into India is with Indian Oil Corp

(EnergyAsia, July 26 2011, Tuesday) — Gazprom Marketing and Trading Singapore Pte Limited said it has signed a Memorandum of Understanding with Indian Oil Corporation Limited (IOCL) to supply up to 2.5 million tonnes per year of liquefied natural gas (LNG) for up to 25 years. This is Gazprom Singapore’s fourth LNG supply contract into India (more…)

SINGAPORE: Rotary Engineering to build fuel storage tanks for Alstom Power on Jurong Island

(EnergyAsia, July 26 2011, Tuesday) — Rotary Engineering Limited said it has secured 13 different contracts with a total value of S$40 million in recent months, including a project to build two fuel oil tanks and a water tank for Alstom Power Singapore Pte Ltd. (US$1=S$1.2). Located at the Tuas Power Station at 60 Tuas South (more…)

JAPAN: Refiners expect oil demand by power companies to triple from FY2010 to FY2012

(EnergyAsia, July 25 2011, Monday) — Power companies will consume about 40 billion litres or 250 million barrels of oil in FY2012, up from about 13.5 billion litres or 85 million barrels in the last financial year of 2010 ending March 31 2011, said the President of the Petroleum Association of Japan (PAJ). At a...

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PHILIPPINES: Government begins stockpiling diesel

(EnergyAsia, July 25 2011, Monday) — The Philippines government has begun stockpiling diesel fuel, starting with a purchase of about 50 million litres over the last two months. Philippine National Oil Company – Exploration Corporation (PNOC-EC) has allocated around 2.4 billion peso to acquire its first 50 million litres of diesel stockpile. (US$1=42 peso). In...

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UPSTREAM: OPEC recognises Venezuela’s claim of 296.5 billion barrels of oil reserves, topped Saudi

(EnergyAsia, July 25 2011, Monday)— With more than 296.5 billion barrels of crude oil in the ground, Venezuela displaced Saudi Arabia as the holder of the world’s proven reserves last year, said the Organisation of Petroleum Exporting Countries (OPEC). In its annual statistical bulletin, the cartel recognised Venezuela’s claim to have boosted its reserves by...

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CHINA: China Natural Gas completed trial operation of Jingbian LNG plant

(EnergyAsia, July 25 2011, Monday) — China Natural Gas Inc (CNGI), a provider of compressed natural gas for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi’an city, said it has started operation at its liquefied natural gas (LNG) plant in Jingbian county in Shaanxi province. Qin’an Ji, CNGI’s chairman (more…)