Archive | May, 2012

QATAR: State buying into Western majors

(EnergyAsia, May 31 2012, Thursday) — The world’s leading liquefied natural gas (LNG) exporter, Qatar, is using its rapidly accumulating wealth to acquire stakes in leading natural resource companies around the world including the Western majors. The Middle East powerhouse is making its investments through sovereign wealth fund Qatar Investment Authority (QIA), which has more […]

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BAHRAIN: King launched US$2.1 billion al Dur power and water project

(EnergyAsia, May 31 2012, Thursday) — Bahrain’s King Hamad Bin Isa Al-Khalifa recently launched the country’s largest independent power generation and water desalination plant. According to owner Al-Dur Power & Water Company, the US$2.1 billion plant, which started operating in February, produces up to 1,234 MW of electricity and 218,000 cubic metres per day of the […]

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INDIA: Mayhem, protests and fuel shortages continue one week after pump prices rise 10%

(EnergyAsia, May 30 2012, Wednesday) — Fuel shortages and hoarding continue to grip many Indian cities sparking angry protests and demands that the government of Prime Minister Manmohan Singh scrap its six-day-old gasoline price hike. Chennai in the east coast state of Tamil Nadu has been the worst hit after retailers serving the city of […]

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DUBAI: Horizon Terminal starts construction of Jebel Ali fuel storage facility

(EnergyAsia, May 30 2012, Wednesday) — Horizon Terminals Ltd (HTL), Emirates National Oil Company’s (ENOC) wholly-owned storage terminalling operator, has started work on its US$142 million bulk liquid facility in Dubai’s Jebel Ali Free Zone. Equipped to receive jet fuel from marine tankers and from the nearby ENOC refinery, the 141,000 cubic metre fully automated […]

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COMPANY: ExxonMobil launched ‘next generation’ SHC industrial lubricants

(EnergyAsia, May 30 2012, Wednesday) — ExxonMobil Lubricants and Petroleum Specialties Company, a division of Exxon Mobil Corporation, has introduced three next generation high-performance industrial lubricants, expanding its line of energy-efficient industrial lubricants. These next generation Mobil SHC high-performance lubricants include the SHC 600, SHC Gear and SHC Gear OH. Mobil SHC 600 is the […]

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MARKETS: OPEC sees US, Japan helping 2012 world oil demand to grow by 900,000 b/d to 88.67 million b/d

(EnergyAsia, May 29 2012, Tuesday) — US and Japan will join the emerging economies in boosting global oil demand by 900,000 b/d to 88.67 million b/d this year, said the Organisation of Petroleum Exporting Countries (OPEC). In its latest monthly report, the cartel said that world oil demand growth has stopped declining as the US […]

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