SINGAPORE: IEA chief endorses vision for LNG trading hub

(EnergyAsia, December 30 2011, Friday) — The chief economist of the International Energy Agency (IEA) has endorsed Singapore’s goal to become a trading hub and pricing centre for the rapidly growing global liquefied natural gas (LNG) market. Fatih Birol, who recently presented the findings of its “World Energy Outlook (WEO) 2011” report in Singapore, said (more…)

SINGAPORE: Keppel Offshore & Marine secured record orders worth S$10 billion for 2011

(EnergyAsia, December 30 2011, Friday) — Singapore’s Keppel Offshore & Marine Ltd secured a record of S$10 billion worth of orders from the offshore oil and gas sector. (US$1=S$1.3). Yesterday, the company signed off on its last orders for the year totalling S$150 million through its subsidiaries, Keppel Singmarine Pte Ltd and Keppel Verolme BV, (more…)

MARKETS: IEA’s chief economist on the world energy outlook

(EnergyAsia, December 30 2011, Friday) — Fatih Birol, chief economist of the International Energy Agency (IEA), recently presented the findings of its “World Energy Outlook (WEO) 2011” report in Singapore. Amid uncertain energy future demands, he said the world would need a bold change in policy direction or risks locking itself into an insecure, inefficient (more…)

AUSTRALIA: QR National signed 10-year coal haul contract with Rio Tinto

(EnergyAsia, December 30 2011, Friday) — Australian coal haulage firm QR National said it has signed a 10-year contract with Rio Tinto to haul three million tonnes of coal a year starting next month. It will provide the services from Rio Tinto’s Blair Athol/ Clermont mines to the Abbot Point Coal Terminal (APCT), both located (more…)

AUSTRALIA: US Peabody Energy completed acquisition of Macarthur Coal

(EnergyAsia, December 31 2011, Friday) — US-based Peabody Energy said it has completed the acquisition of all outstanding shares in Macarthur Coal Limited and will now delist the company from the Australian Securities Exchange. Peabody said its pro forma Australia sales including the acquisition volumes were 32 million tons in 2010. It plans to raise...

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SINGAPORE: Dyna-Mac secures new fabrication orders worth a total S$115 million

(EnergyAsia, December 29 2011, Thursday) — Dyna-Mac Holdings Ltd, a Singapore-based multi-disciplinary specialist provider of detailed engineering, procurement and construction services to the offshore marine, oil and gas industries, said it has secured orders worth a total sum of S$115 million, boosting its order book to a provisional value of S$190 million to date. (US$1=S$1.3). (more…)

RUSSIA: Mechel confirmed “high quality” of Elga mine’s coking coal

(EnergyAsia, December 29 2011, Thursday) — Mechel OAO, an NYSE-listed Russian mining and metals company, said a subsidiary has confirmed the “high quality” of coal deposit from its Elga mine in southwestern Siberia. Southern Kuzbass Coal Company’s washing plant recently produced its first coking coal concentrate out of mine. “A sample lot of some 4,000 (more…)

COMPANY: Amnesty reports Dutch court upheld Trafigura guilty verdict in toxic waste dumping case

(EnergyAsia, December 29 2011, Thursday) — Amnesty International has reported that a Dutch court has upheld a guilty verdict against European commodities trader Trafigura for illegally exporting and dumping toxic waste that affected the health of thousands of people in the West African country of Côte d’Ivoire. Hailing the decision as “an important step towards (more…)

AUSTRALIA: Noble Group comments on Yanzhou Coal’s merger proposal with Gloucester Coal

(EnergyAsia, December 29 2011, Thursday) — The following is an edited press release issued by Hong Kong-based commodities trader Noble Group, the majority owner of Australia’s Gloucester Coal, which is targeted for merger by Yancoal Australia Limited. China’s Yanzhou Coal Mining Company Limited announced that it has entered into an agreement in relation to a (more…)

AUSTRALIA: Coal association calls for funding for carbon capture

(EnergyAsia, December 29 2011, Thursday) — The Australian Coal Association (ACA) has called on the Clean Energy Finance Corporation (CEFC) to take a “technology-neutral approach” to investment, adopt a stage-gated approach to financing high risk projects and be subject to reviews by the Productivity Commission. In a submission to the Federal government, the association also (more…)

IRAQ: Investment amid ongoing disagreement over production sharing contracts in Kurdistan

(EnergyAsia, December 28 2011, Wednesday) — The following is an edited commentary by law firm Herbert Smith. Disagreement between Iraq’s Federal Government and the Kurdish Regional Government over control of oil and gas reserves in the semi-autonomous region is yet to be finally resolved but that has not stopped an increasing number of major international (more…)

COMPANY: ABN AMRO expands energy, commodities and transportation activities in Singapore

(EnergyAsia, December 28 2011, Wednesday) — Dutch bank ABN AMRO said it is expanding the Asian operations of its global energy, commodities & transportation (ECT), private banking and clearing businesses. Under Maaike Steinebach, CEO for ECT Asia and Country Executive for Hong Kong, the bank said it has rebuilt its regional ECT capabilities over the (more…)

SRI LANKA: Contractors invited to build fuel terminal at second international airport

(EnergyAsia, December 28 2011, Wednesday) — State-owned Ceylon Petroleum Corporation (CPC) has invited bids from contractors to build an aviation fuel storage terminal at a new international airport being built in Mattala in Sri Lanka’s fast-growing Hambantota district. The 3.6-billion-rupee terminal will support operations at what will be the country’s second international airport located in...

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MARKETS: IEA sees world oil demand rising by 700,000 b/d in 2011 and 1.3 million b/d in 2012

(EnergyAsia, December 28 2011, Wednesday) — The International Energy Agency (IEA) expects global oil demand to increase by 700,000 b/d to 89 million b/d this year, and by another 1.3 million b/d in 2012 to reach 90.3 million b/d. Its latest projections represent a downward revision of 200,000 b/d over the previous forecast issued last...

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CHINA: CNPC starts up upstream, pipeline and refinery projects in Niger

(EnergyAsia, December 28 2011, Wednesday) — China National Petroleum Corp (CNPC) said it has started up an upstream, a pipeline and a refinery in the West African nation of Niger in recent months. Over the last three years, CNPC said it has undertaken an integrated approach in developing Niger’s oil industry and economy by substantially...

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SINGAPORE: Keppel, SembCorp end the year on strong Brazilian momentum

(EnergyAsia, December 27 2011, Tuesday) — Brazil, the world’s 11th largest oil producer, provided the climax to a year of strong performance for Singapore’s two leading upstream oil and gas contractors, Keppel Offshore & Marine Ltd and SembCorp Marine. According to the Economist magazine, state-owned oil company, Petrobras, has laid out a capital expenditure programme (more…)

MALAYSIA: Black & Veatch helps deliver major clean coal plant in Perak state

(EnergyAsia, December 27 2011, Tuesday) — US engineering firm Black & Veatch said it will provide engineering services and procure balance-of-plant equipment systems for a 1,000MW supercritical clean coal-fired power plant to be built in Malaysia’s Perak state by 2015. The company will provide technical advisory services to contractor China National Machinery Import & Export (more…)

ABU DHABI: Chinese Premier Wen Jiabao to deliver keynote speech at World Future Energy Summit on Jan 16

(EnergyAsia, December 27 2011, Tuesday) — Chinese Premier Wen Jiabao will deliver the keynote speech at the 5th annual World Future Energy Summit (WFES) at the Abu Dhabi National Exhibition Centre in the UAE from January 16 to 19. Premier Wen is expected to touch on the topics of innovation, sustainable development and renewable energy (more…)

INDONESIA: Customers warned of further cutbacks as LNG production seen falling by 28% next year

(EnergyAsia, December 27 2011, Tuesday) — International buyers of Indonesian liquefied natural gas (LNG) have been warned to brace for further cutbacks as production is forecast to fall by another 28% next year. Oil and gas regulator BPMigas said Indonesia’s three main LNG export terminals at Bontang, Arun and Aech may be able to produce...

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CHINA: Oil demand up by 2.6% to 9.54 million b/d in November, says Platts

(EnergyAsia, December 27 2011, Tuesday) — China’s apparent oil demand in November rose 2.6% year on year to 39.08 million metric tons (mt) or 9.54 million b/d – the second-highest daily rate recorded this year, according to an analysis by US energy media Platts. This figure, which was just slightly less than February’s 9.58-million-b/d, was...

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THAILAND: Japan’s MHI receives full-turnkey order for 1,600MW GTCC power plant

(EnergyAsia, December 23 2011, Friday) — Japan’s Mitsubishi Heavy Industries Ltd (MHI) said it has received a full-turnkey order for the construction of a 1,600MW gas turbine combined-cycle (GTCC) power generation plant in Thailand. The order came from Gulf JP NS Company Limited (GNS), a wholly owned subsidiary of Gulf JP Company Limited, a 90/10 (more…)

DUBAI: Supreme Council of Energy discussed clean coal technology, energy policy and supply-demand issues

(EnergyAsia, December 23 2011, Friday) — Dubai’s Supreme Council of Energy discussed the state of clean coal technology and its application in the emirate at its 14th meeting held last week. Chairman Sheikh Ahmed Bin Saeed Al Maktoum, presided over the meeting attended by vice chairman Saeed Mohammed Al Tayer, Secretary General and CEO Nejib (more…)

NEW ZEALAND: Gull to build large fuel tank

(EnergyAsia, December 23 2011, Friday) — Gull New Zealand has announced that it is adding a new 10-million-litre fuel tank to its Mount Maunganui storage terminal on the country’s North Island. Construction by Page Macrae Engineering will start next month and will boost the terminal’s capacity to 88 million litres when completed later in 2012....

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IRAN: Asia, Russia and most of Europe resist US-led calls for tougher sanctions

(EnergyAsia, December 23 2011, Friday) — Asia, Russia and most of Europe are resisting Western pressure to further tighten trade and financial sanctions on Iran fearing their potentially catastrophic effects on the fragile global economy. China and Russia have announced their opposition to further isolate the world’s fifth largest oil exporter, while most members of...

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SINGAPORE: IEV subsidiary wins RM262-million contract for wellhead platform, pipeline and host tie-in

(EnergyAsia, December 22 2011, Thursday) — Singapore-listed IEV Holdings Limited said its 30%-owned associate, IEV (Malaysia) Sdn Bhd, has been awarded a year-long RM262-million contract by an unnamed oil and gas operator in Southeast Asia to provide supply and installation services. (US$1=RM3.15). Starting this month, IEVM will provide the engineering, fabrication, delivery, hook-up and commissioning (more…)