Archive | October, 2012

SINGAPORE: Indonesian coal miner Geo Energy, offshore fabricating company Triyards make strong debut on public listing

(EnergyAsia, October 31 2012, Wednesday) — Shares of fabricating and engineering firm Triyards Holdings and Indonesian coal miner Geo Energy Resources Ltd have performed well since their trading debut on the Singapore Exchange less than two weeks ago. Triyards began trading on October 18 after it was spun off as a form of dividend by […]

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CHINA: PetroChina unit and TransCanada to jointly build C$3-billion oilsands pipeline

(EnergyAsia, October 31 2012, Wednesday) — Amid the intensifying debate over the role of Chinese state-owned companies in Canada’s oil and gas sector, a  PetroChina subsidary has concluded an equal joint venture deal with TransCanada  Corp to build a C$3 billion oil pipeline in Alberta province. Phoenix Energy Holdings Ltd, the Canadian subsidiary of PetroChina […]

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SINGAPORE: Ezra Holdings reports 62% rise in full year profit to US$65 million on record revenue

(EnergyAsia, October 30 2012, Tuesday) — Ezra Holdings, a Singapore-based provider of offshore oil and gas services, said its full-year net profit rose 62% to US$65 million with revenues surging 76% to a record US$984.2 million in its 20-year history. The company attributed the sharp rise in revenue for the year to August 2012 to […]

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AUSTRALIA: DNV leads industry in study to promote use of LNG as bunker fuel

(EnergyAsia, October 25 2012, Thursday) — Norwegian classification and inspection firm Det Norske Veritas (DNV) said it has teamed up with nine Australian companies to conduct a four-month study into the use of liquefied natural gas (LNG) as a shipping fuel to protect the environment. Similar to a pioneering study launched in Singapore in 2010, […]

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ASIA: China, India surge ahead in Platts’ rankings of top 250 global energy companies, West still the elite

(EnergyAsia, October 25 2012, Thursday) — Western companies again dominated the elite in the latest rankings of the world’s top 250 energy companies by Platts that featured more companies from Asia led by China and India. At an award dinner ceremony in Singapore on Tuesday, global energy media Platts announced that the Asia Pacific region […]

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AUSTRALIA: Santos claims country’s first commercial shale gas production, names first Asian to board

(EnergyAsia, October 25 2012, Thursday) — Australian upstream company Santos made two landmark announcements the past week. It has claimed the country’s first production of natural gas from shale as well as admitted the first Asian businessman into its board of directors. Santos said its Moomba-191 shale well in the Cooper Basin is producing around […]

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CHINA: China Offshore Oil Engineering Co Ltd and France’s Technip awarded 200-million-euro subsea contract

(EnergyAsia, October 24 2012, Wednesday) — France’s Technip and its consortium partner, China Offshore Oil Engineering Co Ltd (COOEC), have secured a 200-million euro contract to provide engineering, procurement, installation and construction services for an offshore oil and gas exploration project. Technip said the contract was awarded by China National Offshore Oil Corporation (CNOOC) Deepwater […]

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