Archive | August, 2012

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THAILAND: Wood Group GTS extends long-term agreement with power producers to maintain plants

(EnergyAsia, August 31 2012, Friday) — UK’s Wood Group GTS said it has extended long-term agreements to provide maintenance for the power plants of GDF SUEZ Glow Energy Public Company Limited and Glow SPP11 Company Limited (formerly known as Thai National Power Co Ltd). Wood Group said the extension for the original agreement signed in […]

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INDIA: GAIL to 12 LNG cargoes from France’s GDF SUEZ in 2013 and 2014

(EnergyAsia, August 31 2012, Friday) — GAIL (India) Limited has signed an agreement to import 12 cargoes of liquefied natural gas (LNG) from France’s GDF SUEZ in 2013 and 2014. Weighing a total of 800,000 tons, the agreement will contribute to meeting India’s fast-growing energy demand, said GDF SUEZ. Indian natural gas consumption is expected […]

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CANADA: Government set to approve Petronas takeover of Progress Energy, but stall on CNOOC’s buy-out of Nexen

(EnergyAsia, August 31 2012, Friday) — The Canadian government looks set to approve the takeover of Progress Energy Resources Corp by Malaysia’s state-owned Petronas, but stall over the application of China’s CNOOC Ltd to acquire Nexen Inc. The different treatment meted out to two of Asia’s well-known state-owned energy companies reflects Ottawa’s evolving, cautious approach […]

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NEW ZEALAND: Mobil to expand and upgrade fuel storage facility at Mount Maunganui terminal

(EnergyAsia, August 30 2012, Thursday) — Mobil Oil New Zealand Limited said it is expanding and upgrading fuel storage facilities at its Mount Maunganui Terminal to meet the growing demand for marine fuels at the Port of Tauranga. The ExxonMobil subsidiary will refurbish an existing under-utilised eight-million-litre tank and upgrade the terminal’s boiler, control room […]

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AUSTRALIA: Transfield Services awarded A$100 million in contracts for fuel storage projects

(EnergyAsia, August 30 2012, Thursday) — Australian engineering firm Transfield Services recently secured two contracts worth a total of A$100 million for the engineering, design and construction of fuel storage terminals in the country’s mining region of Pilbara. (US$1=A$0.97). The company will design and construct Rio Tinto’s Parker Point fuels storage terminal in Dampier for […]

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THAILAND: PTT Mining offers S$1.2 billion to acquire Singapore-listed coal miner Sakari Resources

(EnergyAsia, August 29 2012, Wednesday) — PTT Mining Limited, a wholly owned subsidiary of Thai energy firm PTT International Company Limited, said it has offered to acquire the remaining 54.73% stake in Singapore-based Sakari Resources Limited that it does not own for S$1.2 billion. (US$1=S$1.25). At S$1.90 a share, the offer represents a 27.5% premium […]

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AUSTRALIA: Caltex steps up marketing, trading role with Kurnell refinery’s closure in 2014

(EnergyAsia, August 29 2012, Wednesday) — Caltex, Australia’s leading downstream oil company, is expanding its fuel marketing and distribution activities as its refining operations shrink with the planned closure of the Kurnell plant in Sydney in 2014. In reporting its latest half-year result, the company revealed plans to invest as much as A$$450 million in […]

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