QATAR: Global gas leadership faces challenge from rising supply competition

(EnergyAsia, October 31 2013, Thursday) — Sitting atop the world’s third largest natural gas reserves, Qatar has grown rapidly to become the largest global liquefied natural gas (LNG) exporter, but it will be challenged later this decade by Australia, East Africa and North America, predicts UK-based research firm Business Monitor. In response, Qatar is (more…)

RUSSIA: Rosneft expands oil supply deal, Gazprom still trying to close elusive gas agreement with Chinese companies

(EnergyAsia, October 31 2013, Thursday) — Russian energy giants Rosneft and Gazprom again experienced sharply diverging fortunes in their latest round of talks to sell oil and gas to Chinese state-owned companies. There was only joy for Rosneft as well as rising star Novatek, and further uncertainty for Gazprom at the end of last week’s (more…)

MARKETS: OPEC maintains global oil demand forecast for 2013, raises 2014

(EnergyAsia, October 31 2013, Thursday) — The Organisation of Petroleum Exporting Countries (OPEC) has kept its latest October forecast for global oil consumption virtually unchanged over the next two years. For 2013, it has maintained that the world will consume 89.74 million b/d while raising its expectations for 2014 by just 1,000 b/d to 90.78 (more…)

ASIA: Canada faces high barriers for “coming late” into race to produce and export LNG, says study

(EnergyAsia, October 30 2013, Wednesday) — A think-tank has advised Canada to temper its excitement over prospects that the nascent liquefied natural gas (LNG) industry in British Columbia (BC) could generate C$1 trillion in revenue, create more than 100,000 new jobs and deliver the province to debt-free nirvana by 2046. In describing BC as (more…)

AUSTRALIA: Santos and Australian Pacific agree to swap gas, share pipeline

(EnergyAsia, October 30 2013, Wednesday) — The Australian developers of two large separate natural gas projects in Queensland state have agreed to swap product and share infrastructure to speed up implementation as well as save hundreds of millions of dollars in construction, operating and maintenance costs. The operators of the Santos GLNG and Australia Pacific (more…)

MARKETS: US EIA raised forecast for 2013 world oil demand to fresh all-time high of 90.26 million b/d

(EnergyAsia, October 30 2013, Wednesday) — As evidence of the world’s economic recovery stacks up going into the final quarter, the US government has raised its forecast for global oil demand for 2013 to grow by one million b/d a new all-time high of 90.26 million b/d. The Energy Information Administration’s (EIA) forecast in its (more…)

CHINA: Wartsila to supply propulsion systems for two LNG vessels and four ocean rescue vessels

(EnergyAsia, October 29 2013, Tuesday) — Wartsila, a leading solutions provider to the marine industry, said it has won contracts to supply propulsion systems for two liquefied natural gas (LNG) carrier vessels and four ocean rescue vessels now under construction in separate shipyards in China. The Helsinki, Finland company will also supply its proprietary (more…)

MARKETS: IEA continues to raise global oil demand forecast for 2013 and 2014, but oil prices remain under pressure

(EnergyAsia, October 29 2013, Tuesday) — The International Energy Agency (IEA) has again raised its global oil demand forecast for 2013 and 2014, citing in its October oil market report the improving economic outlook in North America, China and Europe, and continued strong growth in the Middle East, Africa and Latin America. The Paris-based agency (more…)

INDIA: Coal India Ltd claims fuel supply agreements with 90% of power companies

(EnergyAsia, October 29 2013, Tuesday) — State-owned Coal India Ltd (CIL), one of the world’s largest producers of the fuel, said it has signed supply agreements with companies operating 90% of the country’s 173 coal-fired power plants with a combined 78,000MW capacity. While its officials claim they will soon close on the remaining 10%, (more…)

PEOPLE: John Ng will take over as Singapore LNG’s new CEO, Rockwell names regional markerting manager, Tethys Oil chairman steps down

(EnergyAsia, October 28 2013, Monday) — Three companies involved in the energy business have announced senior management changes. Singapore LNG Corp (SLNG), the operator of the country’s first liquefied natural gas (LNG) terminal, has named John Ng, the former CEO of YTLPower Seraya Pte Ltd, to succeed Neil McGregor as CEO from December 1. Singapore (more…)

JAPAN: Idemitsu Kosan and Altagas to acquire midstream company to support natural gas exports from Canada to Asia

(EnergyAsia, October 28 2013, Monday) — Japan’s Idemitsu Kosan Co Ltd is advancing plans to develop and export natural gas from Canada with its proposed acquisition of a stake in a privately held midstream company based in Alberta province’s Calgary city. AltaGas Idemitsu Joint Venture Limited Partnership (AIJVLP), Idemitsu’s equal joint venture with Canada’s AltaGas, (more…)

CHINA: CNOOC’s 3Q crude output and sales surged on Nexen’s inclusion, Sinopec to reduce Canadian presence

(EnergyAsia, October 28 2013, Monday) — The jury is still out on the wisdom of Chinese state-owned companies’ push into Canada’s oil sector with CNOOC Ltd responding to its critics with a  surge in third quarter production and sales revenue while Sinopec is reportedly looking to reduce its presence to focus on profitability. Both companies, (more…)

SINGAPORE: Nanyang Technological University (NTU) to set up Southeast Asia’s first maritime energy test bed

(EnergyAsia, October 25 2013, Friday) — Singapore’s Nanyang Technological University (NTU) has announced that it is establishing an advanced maritime energy test facility, making it the first in Southeast Asia. The facility will be open to scientists and engineers from industry and academia to research and develop alternative fuels, fuel additives, and engine emissions and (more…)

MARKETS: WTI crude below US$100 a barrel, Brent headed lower

(EnergyAsia, October 25 2013, Friday) — US WTI crude fell below US$100 a barrel this week for the first time since July 10 as traders focused all attention on the continuing weakness in the world economy, led by the impact of the recent US government shutdown and need for monetary stimulus. In New York, (more…)

INDIA: Chinese manufacturers of power equipment and parts to expand presence

(EnergyAsia, October 25 2013, Friday) — China’s producers of power equipment and parts are expected to increase their presence and establish plants in India as the two countries look to expand bilateral ties and trade with each other. Amid its worst power supply crisis, India’s economy is slowing down and scaring off investors including many (more…)

CHINA: Canada’s Alberta province signs framework agreement to expand energy ties amid waning Chinese interest

(EnergyAsia, October 24 2013, Thursday) — Faced with declining investor interest in its oil patch and weakening prices, Canada’s Alberta province is pushing against the tide to expand ties with China as a source of capital and a market for its exports. After last year’s nail-biting finish to CNOOC Ltd’s C$15 billion acquisition of (more…)

CHINA: Brightoil Petroleum approved to build oil storage and terminal facilities in Zhoushan, Zhejiang province

(EnergyAsia, October 24 2013, Thursday) — Hong Kong-listed Brightoil Petroleum (Holdings) Limited said China’s highest policy making body has approved its application to build an oil storage and terminal complex with the capacity to handle vessels of more than 10,000 deadweight tonnes (DWT) in Zhejiang Province’s Zhoushan port city. Subsidiary Zhoushan Brightoil Terminal Co (more…)

INDIA: Planners discuss proposal for “coal bank” to tap domestic supply as imports on course to top US$25 billion

(EnergyAsia, October 24 2013, Thursday) — Desperate to reduce the country’s growing dependence on expensive fuel imports, Indian planners are considering a proposal for local miners to deposit their surplus coal with state Coal India Limited (CIL) for later use when their power plants start up. India’s rising imports of oil, coal and gas are (more…)

BRAZIL: Petrobras-led consortium awarded rights to explore giant Libra oil field

(EnergyAsia, October 23 2013, Wednesday) — Brazil has awarded the rights to explore and develop its giant offshore Libra oilfield to a sole bid from a five-member international consortium led by its state-owned oil and gas company Petrobras. Petrobras, the operator with a 40% stake, will jointly develop the field’s estimated eight to 12 (more…)

CONFERENCE: Record attendance at POWER-GEN Asia & Renewable Energy World Asia 2013 in Bangkok

(EnergyAsia, October 22 2013, Wednesday) — Penwell Corp said its two energy events, featuring conferences and exhibitions, in Bangkok, Thailand earlier this month attracted a record attendance of more than 7,800 delegates and visitors from over 70 countries. POWER-GEN Asia and Renewable Energy World Asia, billed as the region’s premier conference and exhibition for the (more…)

SAUDI ARABIA: Foster Wheeler awarded contracts to boost production of crude oil and gas production

(EnergyAsia, October 23 2013, Wednesday) — Switzerland-based Foster Wheeler AG said subsidiaries of its Global Engineering and Construction Group have been awarded contracts to boost the production of crude oil and natural gas in Saudi Arabia. The company will provide front-end engineering design (FEED) services for Saudi Aramco to boost production of Arabian light crude (more…)

RUSSIA: Rosneft and China’s CNPC to form 51/49 joint venture to develop East Siberia oil reserves

(EnergyAsia, October 22 2013, Tuesday) — Heavily-indebted Russian oil and gas giant Rosneft has agreed to form a 51/49 joint venture with cash-rich China National Petroleum Corp to develop its reserves in eastern Siberia as part of a long-term plan to expand energy ties between the two countries. The two companies will develop the (more…)

INDIA: PM deflects pressure to resign over scandal involving coal mining concessions

(EnergyAsia, October 22 2013, Tuesday) — More than a year after federal investigators began looking into India’s largest corruption scandal the last decade, Prime Minister Manmohan Singh remains firmly in power despite attempts to tie him to the loss of billions of dollars from the mis-allocation of the country’s coal mining concessions. Last week, Mr (more…)

MALAYSIA: Hurdles and questions confront PM Najib’s promise of C$36-billion LNG investment in Canada

(EnergyAsia, October 22 2013, Tuesday) — At their recent joint press conference in Kuala Lumpur, Malaysia’s Prime Minister Najib Razak surprised his visiting Canadian counterpart by announcing that state-owned Petronas would be making a “gargantuan” C$36 billion investment to develop an export-oriented liquefied natural gas (LNG) project in British Columbia province. (US$1=C$1.03). Probably surprised by (more…)

CHINA: Wison secures engineering contract for coal-to-methanol project in Inner Mongolia

(EnergyAsia, October 21 2013, Monday) — Shanghai-based Wison Engineering said it has secured a contract from Erdos Jinchengtai Chemical Co to provide engineering services for the second phase of a major plant in Erdos or Ordos city in Inner Mongolia to convert coal to methanol. Wison Engineering, a major contractor for PetroChina, said it (more…)