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 (more…)

MALAYSIA: Sabah engineering firm is main contractor to build Melaka oil storage terminal

(EnergyAsia, August 23 2011, Tuesday) — A Sabah-based engineering company, Distinct Glory Sdn Bhd, has been awarded the main contract to develop a 250,000-metric ton oil products storage terminal on the island of Pulau Hanyut in the Malaysian state of Melaka. The developer, Pristine Oil Capital Sdn Bhd, is planning to start work on what (more…)

MALAYSIA: Asia Petroleum Hub out of receivership to complete storage and logistics island

(EnergyAsia, August 23 2011, Tuesday) — Financially-strapped Asia Petroleum Hub (APH) Sdn Bhd said it has been released from receivership by its banker as it attempts to complete developing a RM2.3 billion oil storage and logistics service centre on a reclaimed island off Johor state in Malaysia. (US$1=RM3). APH, 90% owned by private oil company (more…)

THAILAND: Bank of Thailand to study proposal for establishing strategic oil reserves

(EnergyAsia, August 23 2011, Tuesday) — The Bank of Thailand said it will consider studying a proposal by state oil and gas firm PTT to use the country’s foreign reserves to establish a strategic oil stockpile to guard against supply disruption and price volatility. Governor Prasarn Trairatvorakul said the central bank will have to tread (more…)

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 (more…)

SINGAPORE: Ezra closes in on US$1billion order mark with Chevron contract

(EnergyAsia, August 23 2011, Tuesday) — Ezra Holdings Limited, a Singapore-based global contractor and provider of offshore services to the oil and gas industry, said it is on track to achieve orders totalling US$1 billion this year following its latest contract award from three Chevron Thailand companies. Ezra said its offshore construction division, EMAS AMC, (more…)

AUSTRALIA: Large gathering expected at Honeywell Users Group (HUG) event in Fremantle this week

(EnergyAsia, August 22 2011, Monday) — A large gathering of a few hundred engineering and business professionals is expected at this week’s Honeywell Users Group (HUG) event in the port city of Fremantle in Western Australia. The annual event is attended by representatives from the country’s process industries, particularly its powerful mining and resources sector. (more…)

INDONESIA: ExxonMobil to bail out of troubled depleting Arun gas operations

(EnergyAsia, August 22 2011, Monday) — After decades as one of its most profitable operations, Exxon Mobil Corp is seeking to exit from its increasingly troubled and fast-depleting Arun condensate and natural gas fields in Indonesia. The US major said it is selling its stake in three companies associated with the Aceh gas and liquefied (more…)

CHINA: Economy faces strong headwind from continued power shortages and rising energy costs

 (EnergyAsia, August 22 2011, Monday) — China’s on-going power shortages could extend beyond this year as its supply system is unable to keep up with the country’s seemingly insatiable energy demand growth, said government and industry officials. The National Energy Administration (NEA) has conceded to the possibility that the country’s power shortages could even worsen (more…)

INDONESIA: Government, IEA expect significantly lower oil output this and next year

(EnergyAsia, August 22 2011, Monday) — The Indonesian government has acknowledged that the country’s crude oil production will continue to decline as it has not made major new finds or attract sufficient investments into its upstream sector. State regulator BPMigas has reduced its 2011 production forecast to 945,000 b/d from 970,000 b/d at the start (more…)

IRAQ: Dispute with Kuwait over proposed construction of large crude oil terminal

(EnergyAsia, August 22 2011, Monday) — Iraq is demanding that Kuwait not proceed with the proposed construction of its US$6 billion Mubarak Oil Terminal on an island that threatens to open up historical disputes over maritime access rights. Calling it a “provocative move”, Baghdad said its neighbour risked military confrontation as the terminal on Bubiyan (more…)

OMAN: Honeywell, Foster Wheeler to supply technology for refinery expansion

(EnergyAsia, August 22 2011, Monday) — Oman Oil Refineries and Petroleum Industries (Orpic) has selected a mix of Honeywell’s UOP and Foster Wheeler technology to help process heavy oil and expand fuel and petrochemicals production at its new refinery in Sohar city in Oman. UOP said Orpic will use the UOP-Foster Wheeler Solvent Deasphalting (SDA) (more…)

SINGAPORE: Brightoil aims to divert 12 million tonnes of bunker trade to China after 2014

(EnergyAsia, August 19 2011, Friday) — Hong Kong-based marine fuels supplier Brightoil Petroleum Holdings said it plans to divert as much as 12 million tonnes of Singapore’s annual bunker fuel trade to China after 2014 when it starts up its new storage terminals along the Chinese coastline. The volume would represent a significant portion of (more…)

SINGAPORE: India’s Essar lands US$320m sub-contract to build tanks, jetties, pipelines, utilities

(EnergyAsia, August 19 2011, Friday) — India’s Essar group said subsidiary Essar Projects Ltd (EPL) has secured a US$320 million contract to build storage tanks, jetties, pipeline systems and utilities for a US$2.4 billion petrochemicals complex being developed on Singapore’s Jurong Island. An EPL subsidiary in Singapore is expected to complete the project for Jurong (more…)

SRI LANKA: Joint venture with Chinese firm to develop US$500 million port terminal

(EnergyAsia, August 19 2011, Friday) — Chinese interest will be supporting Sri Lanka Ports Authority (SLPA) in jointly developing a US$500 million port terminal in the capital city of Colombo to turn it into a major transhipment hub for the region. Colombo International Container Terminal (CICT), a Sino-Lanka joint venture, has signed a 35-year deal (more…)

SINGAPORE: Japan’s Panasonic to test-bed Asia’s first ‘total energy’ solutions for public housing

(EnergyAsia, August 19 2011, Friday) — Japan’s electronics giant Panasonic said it has teamed up with the Singapore government to test-bed its “total energy” solutions for a public housing project in Punggol estate. Panasonic will work with the Housing & Development Board (HDB), Energy Market Authority (EMA) and the Economic Development Board (EDB) to implement (more…)

CHINA: Shell opens its lubricants technical service centre in Zhuhai city in Guangdong province

(EnergyAsia, August 19 2011, Friday) — Royal Dutch Shell said it has opened its first lubricants technical service centre (TSC) in China to better serve its customers in the fast-growing country.  The European major said the facility in Zhuhai city in Guangdong province is the latest addition to its global technology centres, bringing together teams (more…)

ASIA: Region to account for 82.5% of new global oil and gas storage capacities by 2015, says GlobalData

(EnergyAsia, August 19 2011, Friday) — Led by China, Asia will account for 82.5% of the world’s new oil and underground gas storage capacities by 2015, according to a report by GlobalData. The consulting firm expects 30 countries to build 100 oil storage terminals with a total capacity of more than 94.7 million cubic metres, (more…)

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

(Energyasia, August 18 2011, Thursday) —  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…)

MALAYSIA: Oil companies may have to pay up to operate storage tankers off Pasir Gudang

(EnergyAsia, August 18 2011, Thursday) — Oil trading companies could be facing an end to their low-cost operations of storing oil in tankers off the coast of Johor state in southern Malaysia. The government has issued quit notices to several companies that have chartered at least 15 tankers to store crude oil and fuel oil (more…)

MALAYSIA: Petronas aims to beat Shell to start up world’s first floating LNG terminal

(EnergyAsia, August 18 2011, Thursday) — Malaysia could become the first country in the world to produce and market liquefied natural gas (LNG) from a floating terminal from as early as 2015 if state-owned oil and gas company Petronas succeeds in its execution. The company is targeting to finalise its investment plans by the end (more…)

MALAYSIA: Petronas faces uphill struggle to overhaul dividend payment scheme

(EnergyAsia, August 18 2011, Thursday) — Malaysia’s state oil and company Petronas faces a tough fight to overhaul its long-established dividend system as it is aimed at drastically reducing payments to the government. Under new President and CEO Shamsul Azhar Abbas, Petronas is proposing to pay the government a dividend equal to 30% of its (more…)

IRAN: Government plans to attract US$150 billion into energy sector through 2015

(EnergyAsia, August 18 2011, Thursday) — The Iranian government plans to invest a total of US$150 billion in energy projects through state-owned companies over the five-year period through 2015. According to deputy oil minister for planning Mohsen Khojasteh-Mehr, the investment will enable Iran to boost its oil production capacity from four million b/d to 4.7 (more…)

CHINA: Security threat from rising dependence on imported oil

(EnergyAsia, August 18 2011, Thursday) — China faces a security threat from its rising dependence on imported oil at a time when the US is reducing its oil imports and demand, said officials. From just 33% in 2009, China’s dependence on imported oil has risen above 55% in the first half of the year, exceeding (more…)

SINGAPORE: More electricity exports to Malaysia seen on natural gas supply shortages

(EnergyAsia, August 17 2011, Wednesday) – Singapore is positioned to increase its electricity exports to Malaysia following the success of PowerSeraya’s recent pioneering short-term deal with Tenaga Nasional Berhad (TNB), Malaysia’s largest power company. With a significant surplus generation capacity, Singapore’s power companies are exploring the possibility of term sales to its neighbour to the (more…)