Archive | April, 2013

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DUBAI: ENOC unit to start up new Jebel Ali oil terminal by end-2013, pipeline link to airport

(EnergyAsia, April 30 2013, Tuesday) — Horizon Terminals Limited (HTL), a subsidiary of Dubai’s Emirates National Oil Company (ENOC), expects to start up its new US$142-million oil storage terminal at Jebel Ali that will include a 60-km pipeline link to supply jet fuel to Dubai’s new Al Maktoum International Airport. Supplied by both ENOC’s 120,000 […]

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NEW ZEALAND: Terminals NZ expands storage capacity as Z Energy mulls over fuel tank project

(EnergyAsia, April 30 2013, Tuesday) — Terminals NZ has added a 10.4-million-litre fuel tank at Port Tauranga near North Island’s Auckland city while Z Energy is considering building two 10-million-litre tanks to support operations at Lyttelton Port near Christchurch city in the South. Faced with rising fuel demand in New Zealand, oil companies are under […]

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CHINA: Oil demand stays above 10 million b/d barrier after rising 3.5% in first quarter, says Platts

(EnergyAsia, April 30 2013, Tuesday) — China’s first-quarter oil demand rose 3.5% over the same period last year to 10.15 million b/d, continuing the previous quarter’s above 10-million b/d demand level, said US energy media Platts. However, the pace of demand growth has eased from the fourth quarter of 2012 when the year-over-year increase was […]

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SINGAPORE: KPMG launches Global Energy Institute, held inaugural Global Energy Conference for the Asia Pacific

(EnergyAsia, April 29 2013, Monday) — KPMG held its inaugural Global Energy Conference in Singapore last Friday to coincide with the launch of its Global Energy Institute for the Asia-Pacific region. The one-day conference brought together some 300 regional business leaders in the energy sector, along with members of government and academia to deliver insights […]

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INDIA-5

INDIA: Hinduja’s Gulf Oil opens new lubricants blending plants in Ras Al Khaimah and Argentina

(EnergyAsia, April 29 2013, Monday) — The Gulf Oil International Group, owned by India’s Hinduja Group, has started up two new lubricants blending plants in Ras Al Khaimah in the UAE and Argentina. Gulf RAK Oil, a joint venture of the Ras Al Khaimah government and Gulf Oil International, last month opened a lubrication manufacturing […]

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SINGAPORE: Regulator and industry to meet again next month on guidelines for LNG imports

(EnergyAsia, April 29 2013, Monday) — Singapore’s energy regulator and natural gas companies will meet again next month to help shape guidelines on the import of additional volume of liquefied natural gas (LNG), said trade and industry minister S. Iswaran. The Energy Market Authority (EMA) initiated the first round of industry consultations last year after […]

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CHINA: France’s GDF Suez to look into developing storage and floating LNG projects

(EnergyAsia, April 29 2013, Monday) — Europe’s largest utility, GDF Suez SA, said it has signed separate agreements with two state-owned Chinese firms to jointly develop six natural gas storage sites in China as well as moor a floating import terminal off the country’s northeastern city of Tianjin. The French firm said it signed a […]

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INDIA: Petronet signs 20-year deal to buy LNG from United LNG, may take stake in US export terminal

(EnergyAsia, April 26 2013, Friday) — India’s main gas importer Petronet LNG has signed an initial 20-year agreement with Houston, US-based United LNG to purchase four million tonnes of liquefied natural gas (LNG), the two companies have announced. They are now discussing commercial terms including prices linked to Louisiana state’s Henry Hub that are expected […]

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INDIA: ONGC aims to raise crude oil production by 9.5% to 28.6 million tonnes, eyes acquisitions in Africa, US

(EnergyAsia, April 26 2013, Friday) — India’s main upstream company ONGC is aiming to produce 28.6 million tonnes of crude in the current financial year ending March 2014, a 9.5% increase over last year’s 26.12 million tonnes. In an interview with a local TV station, chairman and managing director, Sudhir Vasudeva, said it will achieve […]

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