Archive | January, 2012

SINGAPORE: Swire Oilfield Services opens Asia Pacific regional hub as part of long-term expansion

(EnergyAsia, January 31 2012, Tuesday) — UK’s Swire Oilfield Services has opened its regional headquarters in Singapore to meet rising demand for oil and gas support services in the Asia Pacific region. Located in the Loyang supply base, the new headquarters will act as a hub for all operations while providing existing and prospective customers […]

Continue Reading 0

JAPAN: ExxonMobil to restructure holdings, sell business to partner for US$3.9 billion

(EnergyAsia, January 30 2012, Monday) — US major ExxonMobil said it is restructuring its business in Japan that includes selling off its downstream business to partner TonenGeneral Sekiyu KK for US$3.9 billion. As part of the takeover due for completion by mid-year, TonenGeneral will combined its manufacturing and refining operations with ExxonMobil Yugen Kaisha’s marketing […]

Continue Reading 0

COMPANY: APICORP reports record profit of US$57.5 million in 4Q 2011

(EnergyAsia, January 27 2012, Friday) — The Arab Petroleum Investments Corporation (APICORP), a multilateral bank owned by the 10 member states of the Organisation of Arab Petroleum Exporting Countries (OAPEC), has announced record profits for the fourth quarter of 2011. The bank, in which the Qatar government has a 10% stake, said profits surged 86% […]

Continue Reading 0

SINGAPORE: Abu Dhabi’s Masdar to hold Asia Future Energy Forum on October 22 to 25

(EnergyAsia, January 27 2012, Friday) — Masdar, Abu Dhabi’s renewable energy company, and Reed Exhibitions said they will jointly hold the ‘Asia Future Energy Forum & Exhibition’ (AFEF) in Singapore from October 22 to 25 2012. AFEF 2012, “Powering Sustainable Innovation in Asia”, will discuss the region’s energy issues, challenges and opportunities. It will be […]

Continue Reading 0

AUSTRALIA: LNG Ltd awards US$760 million EPC contract to China Huanqiu for Gladstone terminal

(EnergyAsia, January 26 2012, Thursday) — Australia’s Liquefied Natural Gas (LNG) Ltd has awarded an engineering, procurement and construction (EPC) services contract to China Huanqiu Contracting & Engineering Corporation for its Fisherman’s Landing liquefied natural gas project in Queensland state. The companies signed the US$760 million contract for the first train, including the tank and support […]

Continue Reading 0

PHILIPPINES: Foster Wheeler awarded contract for Petron refinery upgrade

(EnergyAsia, January 26 2012, Thursday) — Engineering giant Foster Wheeler said a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Petron Corporation to upgrade its oil refinery in Bataan in the Philippines. Foster Wheeler said it will execute detailed engineering and procurement services for the delayed coker unit (DCU), including […]

Continue Reading 0