Archive | April, 2012

MALAYSIA: Dialog, Vopak aim to start up 1.3-million cbm storage terminal by early 2014

(EnergyAsia, April 30 2012, Monday) — A Malaysian-Dutch consortium expects to complete the RM1.9-billion first phase of its oil storage terminal in Johor state by early 2014 that will include Southeast Asia’s first independent facility to handle crude oil. (US$1=RM3.05). Owned by Malaysian engineering company Dialog Group, Royal Vopak of the Netherlands and the Johor […]

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SINGAPORE: China Aviation Oil secures US$125 million syndicated loan from five banks

(EnergyAsia, April 27 2012, Friday) — China Aviation Oil (Singapore) Corporation Ltd (CAO), Asia’s largest physical jet fuel trader, said it has secured a revolving debt facility for US$125 million from a syndicate of the Singapore branch of five major banks. Known as book-running mandated lead arrangers (BMLAs), ABN AMRO Bank NV, ANZ Bank, Bank […]

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NEW ZEALAND: Oil refining company set to invest NZ$365 million in new platformer unit

(EnergyAsia, April 26 2012, Thursday) — Shareholders of New Zealand’s only oil refinery are expected to approve its proposal to invest NZ$365 million in building a new unit to process crude into gasoline, kerosene and diesel. (US$1=NZ$1.23). Shareholders are expected to vote in favour of the continuous catalyst regeneration platformer (CCR) project at The New […]

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THAILAND: PTTEP reports 66% rise in Q1 net profit

(EnergyAsia, April 26 2012, Thursday) — High crude oil prices helped Thai state upstream company PTT Exploration and Production Pcl (PTTEP) report a 66% gain in its first quarter net profit to 18.288 billion baht. (US$1=31 baht). It earned 10.979 billion baht for the same quarter last year. PTTEP, a subsidiary of state energy firm […]

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SINGAPORE: Sembcorp opens S$34 million waste-to-energy (WTE) plant on Jurong Island

(EnergyAsia, April 25 2012, Wednesday) — Sembcorp Industries yesterday officially started up a S$34 million woodchip-fuelled biomass steam production plant on Singapore’s Jurong Island as part of its offering to supply sustainable and competitive energy to customers. (US$1=S$1.25). Sembcorp said its first waste-to-energy (WTE) plant in Singapore produces 20 tonnes per hour of steam using […]

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MIDDLE EAST: Petrochemical feedstock supply affected by natural gas scarcity, says consultant GlobalData

(EnergyAsia, April 25 2012, Wednesday) — Securing natural gas feedstock in the Middle East has become increasingly difficult in the last few years, threatening the region’s dominance as the most economical petrochemicals producer, according to a new report by business intelligence company GlobalData. The report said the Middle East is facing a natural gas scarcity […]

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JAPAN: Consortium to build experimental offshore floating wind farm project off Fukushima

(EnergyAsia, April 25 2012, Wednesday) — A Japanese consortium led by Marubeni Corp has started work to develop an experimental offshore floating wind farm project off the coast of Fukushima, the site of the nculear plant that was damaged by earthquake and tsunami last year. Sponsored by the Ministry of Economy, Trade and Industry, the […]

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