Archive | September, 2012

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INDONESIA: IMF predicts economy to grow 6% this year, down from 6.5% in 2011, but inflation to rise

(EnergyAsia, September 28 2012, Friday) — Indonesia’s economy will grow at a slower rate of 6% this year from 6.5% in 2011, but inflation will rise to 5% on account of stronger domestic demand and the effects of a moderate fiscal stimulus, said the International Monetary Fund (IMF). The fund recently issued this report following […]

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SINGAPORE: TOTAL Lubmarine launched three new barges

(EnergyAsia, September 28 2012, Friday) — International marine lubricant supplier TOTAL Lubmarine has launched three new barges at the port of Singapore, strengthening its global service offering to the shipping industry. The 700 dwt double-hulled barges – Marine Champion, Marine Prosper, and Marine Talent – have a cargo load capacity of 860 cubic metres for […]

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Oil Refinery Coastal Texas

UPSTREAM: DNV offers Recommended Practice code to assess and manage risk of shale gas extraction

(EnergyAsia, September 27 2012, Thursday) — Norway’s DNV said it has launched a code of Recommended Practice (RP) to assess and manage risks involved in the entire life cycle of shale gas extraction. It said the code provides an independent reference document that hopefully could become the basis for a globally recognised standard for safe […]

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Sri Lanka - flag

SRI LANKA: Port expects to start up Hambantota fuel depot complex in October

(EnergyAsia, September 27 2012, Thursday) — Sri Lanka Ports Authority (SLPA) expects to start up a new 80,000-cubic metre fuel depot complex at its Hambantota Magampura harbour from next month. According to SLPA chairman Priyath Bandu Wickrema, construction of the US$76 million complex on a 60-hectare site is now near completion. Hambantota is undergoing a […]

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MALAYSIA: Petronas to invest RM10 billion in building floating LNG (FLNG) terminal in Bintulu

(EnergyAsia, September 27 2012, Thursday) — Malaysian state oil and gas company Petronas said it will invest RM10 billion to build a floating terminal with an annual capacity to produce 1.2 million tonnes of liquefied natural gas (LNG). (US$1=RM3.05). Known as the Train 9 project, the terminal will be located at the Petronas LNG Complex […]

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CHINA: Schlumberger opens China Petroleum Institute in Beijing

(EnergyAsia, September 27 2012, Thursday) — Schlumberger, the US-based supplier of technology, integrated project management and information solutions to the oil and gas industry, has opened its China Petroleum Institute in Beijing. Located in Schlumberger’s China headquarters office building in the city’s Chaoyang district, the institute provides “best-in-class” petro-technical services and will undertake joint R&D […]

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SINGAPORE: Singapore Power to invest S$2 billion in cross-island tunnels for electrical cables

(EnergyAsia, September 26 2012, Wednesday) — Singapore Power said it is investing S$2 billion to build two tunnels to hold and protect cross-island extra-high voltage transmission cables to ensure the supply of reliable, secure and quality power to 1.3 million consumers. (US$1=S$1.23). To be constructed between 2012 and 2018, the North-South and East-West cable tunnels […]

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CHINA: Sinopec and Airbus team up to develop bio-aviation fuel

(EnergyAsia, September 26 2012, Wednesday) — China Petroleum and Chemical Corporation (Sinopec), one of China’s biggest energy companies, and Europe’s Airbus said they are jointly developing and producing renewable aviation fuel for regular commercial use in China. Sinopec is helping the central government to establish a Chinese airworthiness certification for the new bio-aviation fuels that […]

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