Archive | September, 2011

INDONESIA: Minister aims to raise LNG export price to China by five times to US$12 per million BTU

(EnergyAsia, September 30 2011, Friday) — The Indonesian government is seeking to raise the liquefied natural gas (LNG) export price from its Tangguh plant in West Papua to China by five times to US$12 per million BTU. Indonesian state agency BPMigas and China National Offshore Oil Corporation had agreed to the original price of US$2.40 […]

Continue Reading 0

CONFERENCES: OxfordPrinceton’s oil trading, refining and risk management events

(EnergyAsia, September 30 2011, Friday) — The Oxford Princeton Programme is offering the following workshops in Singapore for the last quarter of this year. For details, please contact Sean Chiu of The Oxford Princeton Programme at +65-6837 8032 or schiu@oxfordprinceton.com. Fundamentals of Petroleum Refining – A Non-Technical Introduction (FPR), October 3 to 4. This two-day […]

Continue Reading 0

SINGAPORE: Malaysia’s Petronas to acquire 30% stake in GMR’s Jurong Island power plant

(EnergyAsia, September 30 2011, Friday) — India’s GMR said it has agreed to sell a 30% stake in subsidiary GMR Energy Singapore Pte Ltd (GMRE) to Petronas International Corporation Ltd (PICL), a wholly-owned subsidiary of Malaysia’s state energy company Petronas. GMRE is investing S$1.2 billion to develop an 800 MW combined cycle gas turbine (CCGT) […]

Continue Reading 0

JAPAN: Fuel storage infrastructure and levels to be upgraded and expanded

(EnergyAsia, September 29 2011, Thursday) — The Japanese government plans to upgrade its fuel stockpiling programme by expanding the storage infrastructure of refined oil products around the country to ensure stable and speedy supplies in the event of natural disasters and emergencies. While details are still being worked out, the government said it hopes to […]

Continue Reading 0

CHINA: Signs of a slowing economy as August oil demand touches 10-month low, said Platts

(EnergyAsia, September 29 2011, Thursday) — At 38.02 million metric tons (mt), or 8.98 million b/d, China’s apparent oil demand in August was their lowest in 10 months, said energy media Platts. While this represented a seven percent year-over-year increase, it was the first time in 10 months that apparent oil demand had dipped below […]

Continue Reading 0

THAILAND: Cummins Power Generation powers up Laemthong poultry farm

(EnergyAsia, September 29 2011, Thursday) — Nestled in Ayuddhaya-Nakorn Rachasrima in Thailand, Laemthong Farm forms part of the Laemthong Sahakarn Corporation that specialises in agricultural services looking after farms and livestock. The company owns and operates 20 farms across the country with the help of 3,000 employees, and reliable uninterrupted power supply from Cummins Power […]

Continue Reading 0

SHIPPING: Confidence at all-time low on economic uncertainty, rising fuel costs and fears of supply glut

(EnergyAsia, September 29 2011, Thursday) — The shipping industry’s confidence levels fell to their lowest level for three and a half years in the three months ended August 2011, according to the latest shipping confidence survey by leading accountant and shipping adviser Moore Stephens. Fears of a supply glut, continuing uncertainty over the global economy […]

Continue Reading 0

AUSTRALIA: Chevron approves investment in US$29 billion Wheatstone LNG project

(EnergyAsia, September 29 2011, Thursday) — Chevron Corporation said it has given the approval for its Australian subsidiary to develop the US$29 billion foundation phase of its proposed giant Wheatstone liquefied natural gas (LNG) export complex in Western Australia state. As the project’s operator, the US major announced its decision after the Australian government granted […]

Continue Reading 0

Developed by Bowtie