Archive | August, 2011

ASIA: Developing world to drive oil refinery expansions through 2016

(EnergyAsia, August 31 2011, Wednesday) — Asia, the Middle East and Africa will account for more than 80% of the world’s planned oil refining capacity addition by 2016, said UK-based consulting group GlobalData. In its study, “Planned Oil Refineries – Global Market Analysis, Competitive Landscape and Capacity Forecasts to 2016”, the company forecasts that the […]

Continue Reading 0

MARKETS: E&Y expects oil prices to rise in Q3 as OPEC spare capacity sinks to 20-year low

(EnergyAsia, August 31 2011, Wednesday) — Oil prices and world demand should continue to rise in the third quarter of 2011 but the supply outlook remains unclear, according to Ernst & Young’s latest oil and gas survey. Despite an uncertain economic recovery, deficit-reduction initiatives in the US and the debt crisis in Europe, the company […]

Continue Reading 0

SINGAPORE: Speech by CEO Mehdi Adib at groundbreaking of Jurong Aromatics plant

(EnergyAsia, August 29 2011, Monday) — The following is an edited version of the speech by Jurong Aromatics Corp’s CEO Mehdi Adib at the plant’s groundbreaking ceremony on Jurong Island last Friday. The event was attended by Lim Hng Kiang, Singapore’s Minister for Trade and Industry, Oh Joon, the South Korean Ambassador to Singapore, and […]

Continue Reading 0

SINGAPORE: Speech by ChemOne’s M.Y. Ling at groundbreaking of Jurong Aromatics plant on Jurong Island

(EnergyAsia, August 29 2011, Monday) — The following is an edited version of the speech by ChemOne Holdings’ vice chairman M.Y. Ling at the groundbreaking ceremony of the Jurong Aromatics plant on Jurong Island last Friday. The event was attended by Lim Hng Kiang, Singapore’s Minister for Trade and Industry, Oh Joon, the South Korean […]

Continue Reading 0

AFRICA: Amnesty calls for Trafigura compensation to be paid to Côte d’Ivoire toxic waste victims

(EnergyAsia, August 29 2011, Monday) — Côte d’Ivoire’s new government must ensure that the compensation paid out by oil trader Trafigura reaches the thousands of victims affected by a toxic waste dumping in 2006, Amnesty International said, on the fifth anniversary of the disaster. Trafigura has paid US$260 million in a number of payouts but […]

Continue Reading 0

NIGERIA: Amnesty says UN study confirms Shell role in Niger Delta oil spill

(EnergyAsia, August 26 2011, Friday) — Amnesty International has demanded that Shell “totally overhaul their procedures” for cleaning up oil spills in Nigeria following the release of a long-awaited UN report confirming the company’s extensive role in polluting the Niger Delta region. The United Nations Environment Programme (UNEP) report said Shell’s oil spill clean-up procedures […]

Continue Reading 0

INDONESIA: Krakatau Steel to use Honeywell services to improve energy efficiency and reduce costs

(EnergyAsia, August 24 2011, Wednesday) — Indonesia’s PT Krakatau Daya Listrik (KDL), a subsidiary of PT. Krakatau Steel Group (PTKS Group), has selected Honeywell Process Solutions (HPS) to implement energy management and monitoring solutions to realise long-term cost savings through greater energy efficiency. KDL will implement the selected HPS solutions at PTKS Group’s facilities, said […]

Continue Reading 0

AUSTRALIA: Arrow LNG project makes “significant milestone” with award of FEED contract

(EnergyAsia, August 24 2011, Wednesday) — Australia’s Arrow Energy said it has achieved a “significant milestone” in developing a multi-billion dollar LNG plant on Curtis Island off Gladstone in Central Queensland with the award of the front-end engineering design (FEED) contract. The engineering design, which will be undertaken by CJV, an international consortium comprising Japan’s […]

Continue Reading 0

MALAYSIA: ExxonMobil sells off downstream businesses to Philippines’ San Miguel Corporation for US$610 million

(EnergyAsia, August 23 2011, Tuesday) — ExxonMobil said it has agreed to sell off its interest in three businesses operating an oil refinery and retail stations in Malaysia to San Miguel Corporation (SMC) of the Philippines for a total of US$610 million The agreements includes ExxonMobil’s 65% stake in the publicly traded company Esso Malaysia […]

Continue Reading 0