ASIA: Driven by China and India, coal to become top global fuel by 2020, says consultant

(EnergyAsia, October 21 2013, Monday) — Brushing aside any concerns for rising carbon emissions and air pollution, China and India will help boost the world’s coal use by 25%, making it the leading fuel by 2020, said Wood Mackenzie. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Speaking at last week’s World Energy Congress in South Korea, the UK energy consulting firm (more…)

CHINA: Wison Group starts work on US$834 million contract for major upgrade of PDVSA refinery in Venezuela

(EnergyAsia, October 21 2013, Monday) — Wison Group, the main contractor for state-owned PetroChina, said it has started fabrication work for the deep conversion upgrade of Venezuela’s 200,000 b/d Puerto la Cruz (RPLC) oil refinery in the northern state of Anzoátegui. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Subsidiary Wison Engineering Ltd secured the US$834 million procurement and construction contract from (more…)

SHIPPING: DNV GL recommends ways to make LNG bunkering operations safe and efficient

(EnergyAsia, October 18 2013, Friday) — Norwegian classification and inspection society DNV GL has released a set of recommended practices to increase the safe and efficient handling and use of liquefied natural gas (LNG) as a shipping fuel around the world. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The practices are aimed at harmonising disparate practices in international bunker fuel operations, (more…)

MARKETS: Consultant declares US as world’s largest producer of liquid hydrocarbons this year, but not for crude oil

(EnergyAsia, October 18 2013, Friday) — The US will be the world’s leading producer of liquid hydrocarbons this year, but will remain substantially behind in crude oil production, declared New York City-based consulting firm PIRA Energy Group. At a recent seminar, PIRA predicted that US production of crude oil, condensates, natural gas liquids, biofuels and (more…)

MALAYSIA: Petronas says oil depletion rate kept low, consultant does not expect further fiscal changes to encourage investment

(EnergyAsia, October 17 2013, Thursday) — Malaysia’s state energy firm Petronas said it has slowed down the decline rate in the country’s oil reserves to between two and three percent per year by uncovering and tapping marginal fields. CEO Shamsul Azhar Abbas said the company will apply enhanced oil recovery (EOR) methods on 14 mature (more…)

INDIA: Energy sector needs US$2.3 trillion in new investment by 2035, predicts ADB

(EnergyAsia, October 17 2013, Thursday) — India will account for 23% of more than US$10 trillion in investment required to meet the energy needs of Asia’s developing countries from 2010 to 2035, said the Asian Development Bank (ADB). In its “Energy Outlook for Asia and the Pacific” report, the bank said India’s energy investment requirement (more…)

KUWAIT: Foster Wheeler to undertake pre-feasibility study for aromatics plant

(EnergyAsia, October 17 2013, Thursday) — Swiss engineering giant Foster Wheeler AG said a subsidiary of its Global Engineering and Construction Group has been awarded a contract to undertake a pre-feasibility study and market report for a proposed aromatics plant in Kuwait. Foster Wheeler said it expects the subsidiary to submit the study to Kuwait’s (more…)

ASIA: ADB advocates region sets up cross-border power swaps to meet “daunting” energy challenge

(EnergyAsia, October 16 2013, Wednesday) — Asian countries should set up cross-border power exchanges to help the region meet its fast-growing electricity demand which is set to sharply outpace the rest of the world’s over the next two decades, said the Asian Development Bank (ADB). The bank recommended this measure in releasing its annual “Energy (more…)

INDIA: Essar Energy to sell off 50% stake in Kenya refinery for US$5 million

(EnergyAsia, October 16 2013, Wednesday) — Four years after venturing into Kenya’s oil refining sector, India’s Essar Energy plc said is exiting the business with the sale of its 50% stake in Kenya Petroleum Refineries Ltd to the government of the East African nation for US$5 million. Essar Energy, which is listed in London, said (more…)

RUSSIA: Energy trade with China could quadruple to over 100 million tonnes of oil equivalent by 2025 says Wood Mackenzie

(EnergyAsia, October 16 2013, Wednesday) — As Russia continues shifting its political and economic focus to Asia, its energy trade with China could quadruple to over 100 million tonnes of oil equivalent (Mtoe) by 2025, predicts consulting firm Wood Mackenzie. Agreements for oil, coal and power supply have already been struck and while negotiations on (more…)

JAPAN: Bilateral energy relationship sealed with Canada to enhance investment oil and gas investments and exports

(EnergyAsia, October 14 2013, Monday) — Canada and Japan last Friday signed a “statement on oil and gas cooperation” to raise their bilateral energy relationship. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 According to Canada’s Department of Natural Resource (NRCan), the two governments have agreed to establish a policy dialogue and annual high-level meeting to encourage cooperation on trade and investment (more…)

INDONESIA: Orpheus Energy secures second coal shipping contract in Kalimantan

(EnergyAsia, October 14 2013, Monday) — Australia’s Orpheus Energy said it has secured additional loading capacity with port operator PT Suryacitra Mahkota Mandiri to barge coal from nearby mines in South Kalimantan in Indonesia starting this month. Orpeus Energy said it has added exclusive loading capacity to barge 40,000 tonnes of coal per month from (more…)

RUSSIA: Bank approves Mechel’s application for financing US$2.5 billion development of Elga coal complex

(EnergyAsia, October 14 2013, Monday) — Mechel OAO, a leading Russian mining and metals company, said its application for US$2.5 billion to finance the first-phase development of a coal project has been approved by the supervisory board of the Vnesheconombank’s (VEB). The loan, payable over 13.5 years with a grace period till 2017, will be (more…)

INDONESIA: Orpheus Energy secures second coal shipping contract in Kalimantan

(EnergyAsia, October 14 2013, Monday) — Australia’s Orpheus Energy said it has secured additional loading capacity with port operator PT Suryacitra Mahkota Mandiri to barge coal from nearby mines in South Kalimantan in Indonesia starting this month. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Orpeus Energy said it has added exclusive loading capacity to barge 40,000 tonnes of coal per month (more…)

JAPAN: Bilateral energy relationship sealed with Canada to enhance investment oil and gas investments and exports

(EnergyAsia, October 14 2013, Monday) — Canada and Japan last Friday signed a “statement on oil and gas cooperation” to raise their bilateral energy relationship. According to Canada’s Department of Natural Resource (NRCan), the two governments have agreed to establish a policy dialogue and annual high-level meeting to encourage cooperation on trade and investment opportunities (more…)

RESEARCH: Students invited to apply for Gastech programme in South Korea in March 2014

(EnergyAsia, October 11 2013, Friday) — The organiser of the Gastech Conference & Exhibition is inviting students to apply for its programme which will take place during the event in Seoul, South Korea on March 24-27 2014. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Established in 2006, the Gastech Student Programme is designed to facilitate potential careers in the gas industry. (more…)

US: Report says domestic energy production on “collision course” with climate-imperiled water supply

(EnergyAsia, October 11 2013, Friday) — The US must better plan its domestic energy production as oil, gas and nuclear projects are increasingly competing in areas that are struggling with shrinking water supplies, said a Massachusetts-based civil society. In a research report prepared by Synapse Energy Economics, the Civil Society Institute (CSI) singled out coal-fired (more…)

MONGOLIA: Aspire Mining opens export route for Ovoot coking coal to Europe and Asia

(EnergyAsia, October 10 2013, Thursday) — Following agreements with two Russian port operators, Australia’s Aspire Mining said it has secured export routes to Europe and northern Asia for its fully-owned Ovoot coking coal project in Mongolia. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Aspire’s deal with Russia’s OTECO, the Taman Port operator on the Black Sea, will enable it to load (more…)

CHINA: Majority of proposed coal-fired power plants located in water-stressed regions, says WRI

(EnergyAsia, October 10 2013, Thursday) — More than half of China’s proposed 363 coal-fired power plants are slated to be built in areas of high or extremely high water stress, said Washington DC, US-based World Resources Institute (WRI). http://energycontents.com/index.php?route=product/product&path=60&product_id=301 “If these plants are built, they could further strain already-scarce resources, threatening water security for China’s (more…)

MONGOLIA: Canada’s Prophecy Coal signs up new buyer for 30,000 tonnes of coal per month

(EnergyAsia, October 10 2013, Thursday) — Canada’s Prophecy Coal said it has added another customer to its Ulaan Ovoo mine in Mongolia with an agreement for the supply of 30,000 tonnes of thermal coal. The Vancouver, British Columbia firm said the unnamed “new customer with substantial presence in the region” will begin lifting the coal (more…)

SINGAPORE: Bureau Veritas sets up Deepwater Technology Research Centre with support from MPA’s Maritime Cluster Fund

(EnergyAsia, October 9 2013, Wednesday) — With the support of Singapore’s Maritime and Port Authority, Bureau Veritas (BV) has started up its Deepwater Technology Research Centre (DTRC) to provide advanced technical solutions and innovations to clients in the Asia-Pacific region. Using BV’s software tools, the centre’s engineers and experts will be conducting applied research in (more…)

US: Renewed hopes for Alaska as Shell aims for higher oil output while ExxonMobil pushes US$65 billion LNG project

(EnergyAsia, October 9 2013, Wednesday) — US Alaska state is the focus of renewed investor interest with Shell planning a major oil project while an ExxonMobil-led group has reported progress in its plan to develop an export-oriented liquefied natural gas (LNG) terminal. According to consultant Douglas Westwood, Shell would have to invest as much as (more…)

MYANMAR: Japan, Norway, ADB and World Bank help upgrade electricity supply system

(EnergyAsia, October 9 2013, Wednesday) — Myanmar’s electricity supply system is being expanded and upgraded through a combination of aid and technical assistance from the governments of Japan and Norway working with the Asian Development Bank (ADB) while the World Bank has approved an interest-free loan for a power plant upgrade. According to the ADB, (more…)

ASIA: Southeast Asia should focus on raising energy efficiency, says Brunei energy research chief

(EnergyAsia, October 8 2013, Tuesday) — This is an edited version of an article by Weerawat Chantanakome, CEO of the Brunei National Energy Research Institute (BNERI). The energy efficiency practice in Southeast Asia is still in its infancy stage, even though the region’s energy intensity – the amount of energy used to produce each dollar (more…)

SINGAPORE: Keppel Corp and Mexico’s state PEMEX to jointly invest US$400 million to develop shipyard to build jackup oil rigs

(EnergyAsia, October 8 2013, Tuesday) — In a groundbreaking move with one of the world’s most protected oil and gas markets, Singapore’s Keppel Offshore & Marine has signed a memorandum of understanding (MOU) with two subsidiaries of Mexico’s state PEMEX to jointly develop, own and operate a shipyard in the North American country to build (more…)