Archive | January, 2013

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JAPAN: Idemitsu Kosan in joint venture to export LNG and LPG from Canada

(EnergyAsia, January 31 2013, Thursday) — One of Japan’s largest oil companies, Idemitsu Kosan, has become the latest member of a crowded bandwagon proposing to build a liquefied natural gas project in western Canada for export to Asia. Japan’s third largest refiner will form an equal joint venture with Calgary, Alberta-based pipeline operator AltaGas to […]

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MARKETS: Is globalisation reaching a tipping point? BDP survey finds trade flows becoming more inter-regional

(EnergyAsia, January 31 2013, Thursday) — Global trade flows are becoming more inter-regional as companies move production closer to end markets, suggesting that globalisation could be at a turning point, according to a survey by an international logistics firm. “Global trade flows from manufacturers in the East to consumers in the West are undergoing a […]

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SAUDI ARABIA: SABIC to open four new technology centres this year

(EnergyAsia, January 31 2013, Thursday) — Saudi Basic Industries Corporation has announced the opening of four new state-of-the-art technology and innovation facilities in 2013, two in Saudi Arabia and one each in India and China, bringing the total number of its research facilities around the world to 18. The new centres represent a strategic investment […]

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IRAQ: GE unit opens new facility near Basra to help boost oil and gas production in Rumaila

(EnergyAsia, January 30 2013, Wednesday) — GE Oil & Gas has announced the establishment of a new technology and service centre near Basra City to support development and production of Iraq’s oil-rich North Rumaila region. The facility, which was opened earlier this month, brings the latest GE technology and expertise to local customers to help […]

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CHINA: Five killed in oil storage tank explosion

(EnergyAsia, January 30 2013, Wednesday) — Five people were killed and several others injured when an oil storage tank exploded in central China’s Hunan Province early this week. Most of the victims were in the vicinity of the tank in a residential building under construction in a village in Xiangtan City. The incident was believed […]

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