Archive | December, 2011

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 […]

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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, […]

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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 […]

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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). […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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