Archive | September, 2012

INDONESIA-3

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 […]

Continue Reading 0
SINGAPORE-1

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 […]

Continue Reading 0
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 […]

Continue Reading 0
CHINA-11

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 […]

Continue Reading 0
SINGAPORE-1

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 […]

Continue Reading 0
CHINA-1

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 […]

Continue Reading 0
CHINA-11

CHINA: Longwei Petroleum expect to complete purchase of fuel storage depot in Shanxi province

(EnergyAsia, September 26 2012, Wednesday) — Longwei Petroleum Investment Holding Ltd, a specialist in storing and distributing petroleum products in China, said it expects to complete the purchase of a 100,000-metri-ton fuel storage depot in northern Shanxi province by the end of this month. Longwei said it has agreed to pay Huajie Petroleum Co Ltd […]

Continue Reading 0
CHINA-1

CHINA: Oil demand down 1.5% in August, second drop this year, says Platts

(EnergyAsia, September 25 2012, Tuesday) — China’s apparent oil demand fell 1.5% year-on-year in August to 37.87 million metric tons (mt), or 8.95 million b/d, the second monthly contraction this year, said US energy media Platts. According to an analysis of recent Chinese government data, Platts said the August decline follows a 1.9% dip in […]

Continue Reading 0
Part of Asia

ASIA: Principles of Pax Pacifica — Building the East Asia Security Order, by Kevin Rudd, former Prime Minister of Australia

(EnergyAsia, September 24 2012, Monday) — The following is an edited version of the keynote address delivered by Kevin Rudd, a former Prime Minister of Australia, at last Friday’s Singapore Global Dialogue. The core objective of the Asian hemisphere in the first half of the 21st century is to avoid instability, conflict or war between […]

Continue Reading 0

Developed by Bowtie