Archive | September, 2011

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 […]

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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) […]

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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 […]

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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 […]

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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 […]

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AUSTRALIA: Resources and energy export earnings forecast to reach record A$215 billion in FY2011

(EnergyAsia, September 27 2011, Tuesday) — Australia’s resources and energy commodity export earnings are forecast to rise by 21% to reach a record A$215 billion for financial year 2011, according to the Bureau of Resources and Energy Economics (BREE). (US$1=A$0.97). It issued this bullish forecast in the September edition of its Resources and Energy Quarterly […]

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SINGAPORE: PEC awarded five-year contract by ExxonMobil to provide tank maintenance and repair services

(EnergyAsia, September 26 2011, Monday) — PEC Ltd, a Singapore company which provides engineering, procurement and construction (EPC) and plant maintenance services to the energy and pharmaceutical industries, said it has secured a five-year contract to provide tank maintenance and repair services for ExxonMobil Asia Pacific Pte Ltd. Starting this month, PEC will maintain the […]

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COMPANY: Vopak targets LNG as new growth sector after opening first Dutch terminal

(EnergyAsia, September 26 2011, Monday) — Dutch oil and chemicals logistics giant Royal Vopak is targeting to grow its liquefied natural gas (LNG) portfolio with the opening of its first newly constructed terminal in the Netherlands and the acquisition of an established terminal in Mexico. At a ceremony last Friday, Queen Beatrix of the Netherlands […]

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AUSTRLIA: Canberra approves US$25 billion Chevron’s Wheatstone LNG project

(EnergyAsia, September 26 2011, Monday) — Chevron Corp is one step closer towards launching its US$25-billion Wheatstone project to develop an export-oriented liquefied natural gas (LNG) business out of vast gas reserves off the coast of Western Australia. Last week, the Australian government’s Federal Environment Minister Tony Burke announced its approval of the proposed complex […]

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