Archive | May, 2013

SINGAPORE: ExxonMobil producing ethylene and other chemicals from expanded petrochemicals plant

(EnergyAsia, May 31 2013, Friday) — ExxonMobil said it has boosted production of ethylene and other downstream chemicals on Singapore’s Jurong Island with the start-up of its long-delayed second world-scale steam cracker. Integrated with the existing petrochemical complex and powered by a 375-megawatt cogeneration plant, the new plant will enable the US major to increase […]

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AUSTRALIA: Wood Mackenzie expects resource sector investments to reach record A$85 billion for 2013

(EnergyAsia, May 30 2013, Thursday) — Companies will maintain a high level of investment in Australia’s resource sector through 2015, building on this year’s projected record A$85 billion on natural gas, coal, iron ore and other resource projects, said UK-based consultant Wood Mackenzie. (US$1=A$1.03). Chris Graham, the company’s Head of Australasia Upstream Research, expects natural […]

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COMPANY: Intertek opens regional energy exploration and production centre in Malaysia

(EnergyAsia, May 29 2013, Wednesday) — Intertek, a leading global quality solutions provider, said it has invested £900,000 to develop a new centre in Malaysia to provide enhanced services to the oil exploration and production (E&P) sector in Southeast Asia. (US$1=£0.66). Based in Kuala Lumpur, the facility includes two specialised laboratories to support Intertek’s plan to […]

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MYANMAR: Natural gas output, reforms to boost GDP by 6.75%, says IMF

(EnergyAsia, May 28 2013, Tuesday) — A combination of reforms and rising natural gas production is attracting investors and blowing life into Myanmar’s previously stagnant economy, said the International Monetary Fund (IMF). For the current financial year to March 2014, the agency expects Southeast Asia’s latest emerging economy to grow by 6.75% to follow on […]

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OMAN: Takamul Investment Co, Singapore’s Sembcorp to jointly develop utilities facilities for Duqm Special Economic Zone

(EnergyAsia, May 27 2013, Monday) — Oman’s Takamul Investment Co and Singapore’s Sembcorp have announced they will jointly develop centralised utilities facilities for the Duqm Special Economic Zone (SEZ) in the Middle Eastern country. Takamul, an Oman Oil Company subsidiary, will be the majority owner with a 65% stake in building the country’s first centralised […]

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SINGAPORE: Sincro Energy Systems starts up office and distribution centre for Asia

(EnergyAsia, May 27 2013, Monday) — Sincro Energy Systems has opened an office and a centre in Singapore for distributing a range of rotating electrical machines for Italy’s Soga SpA to Asia. At last week’s launch ceremony attended by Enrico Soga, Soga’s CEO, and 50 business partners, the company announced that Sincro Energy Systems would […]

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CANADA: Petronas subsidiary awards engineering and design contracts for Prince Rupert LNG plant

(EnergyAsia, May 23 2013, Thursday) — Malaysian state energy firm Petronas has taken another step forward in developing its proposed C$5 billion liquefied natural gas (LNG) terminal in western Canada with the award of front-end engineering and design (FEED) contracts this week. Pacific NorthWest LNG Ltd, a Petronas subsidiary, announced it has awarded the contracts […]

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CONFERENCE: POWER‐GEN Asia in Bangkok on October 2 to 4

(EnergyAsia, May 23 2013, Thursday) — POWER‐GEN Asia and Renewable Energy World Asia, the region’s premier conference and exhibition for the power generation industry, will return to Bangkok, Thailand from October 2 to 4 2013 at the IMPACT Exhibition & Convention Centre. POWER‐GEN Asia, together with Renewable Energy World Asia, are a leading platform for […]

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MALAYSIA: Petronas to pay US$850 million for 40% stake in Brazilian oil blocks

(EnergyAsia, May 22 2013, Wednesday) — Continuing its international expansion, Malaysia’s state energy firm Petronas said it will pay US$850 million for a 40% share in two blocks of Brazil’s offshore Tubarao Martelo oil field. Petronas, which only recently acquired Canada’s Progress Energy for C$5.9 billion, will acquire the blocks from Brazilian producer OGX Petroleo […]

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