(EnergyAsia, October 8 2013, Tuesday) — Iran is expected to award contracts to Chinese and South Korean firms to help revamp two domestic refineries. According to Iranian news reports, China’s Sinopec and an unnamed South Korean firm will provide engineering services in the US$1.5 billion expansion and upgrade of the 300,000 b/d Isfahan refinery located...
(EnergyAsia, October 7 2013, Monday) — Blumont Group Ltd, a Singapore-listed company that started off in the Internet business before venturing to provide sterilisation services, has been suspended and placed on designated watch after an aborted attempt to acquire an Australian coal miner for S$146 million. (US$1=S$1.25). Singapore Exchange Limited (SGX) said it will lift...
(EnergyAsia, October 7 2013, Monday) — India has started exporting electricity to Bangladesh through a new transmission line, making this the first high voltage direct current (HVDC) interconnection between two countries in South Asia. From October 5, the trading arm of NTPC Ltd, India’s largest generating utility, began supplying electricity to the Bangladesh Power Development...
(EnergyAsia, October 7 2013, Monday) — Coal India Limited (CIL) said it produced 200 million tonnes of coal in the April-October half of fiscal 2013, three percent short of target, but 4.7% more compared with the same period last year. The company blamed labour strife, weather conditions, theft and protests by local groups for disrupting...
(EnergyAsia, October 4 2013, Friday) — The world’s newest major oil refinery-petrochemicals complex started up last month in Saudi Arabia’s Jubail city with the export of a fuel oil cargo on September 23. Saudi Aramco Total Refinery & Petrochemicals Co (Satorp), named after its two partners, shipped out a second cargo of diesel a few...
(EnergyAsia, October 4 2013, Friday) — Chevron Corp said it has sold off 85% of its entitlement in the Wheatstone liquefied natural gas (LNG) project in Australia after signing a 20-year deal to supply Japan’s Tohoku Electric Power Company Inc. Chevron and the Australian subsidiaries of Apache Energy and Kuwait Foreign Petroleum Exploration Company will...
(EnergyAsia, October 4 2013, Friday) — Warning that India’s power supply shortages are set to worsen, Greenpeace said Coal India Limited (CIL) has overstated the size of its reserves by around 16% and is failing to replenish its extractable coal. CIL, with an 80% share of domestic production, has only 18.2 billion tonnes of extractable...
(EnergyAsia, October 3 2013, Thursday) — An Australian Securities Exchange-listed energy firm which claims to have one of the world’s largest hydrocarbon reserves is seeking to pull out of the Sydney-based bourse to list in Singapore. Queensland state’s oil, shale and coal company Linc Energy has invited shareholders to vote at an extraordinary general meeting...
(EnergyAsia, October 3 2013, Thursday) — Two Dubai firms, Emirates National Oil Company (ENOC) and Tristar Transport, said they are setting up a new joint venture to provide logistics services for the petroleum and chemical industries in Saudi Arabia. Starting with a capital investment of 30 million Saudi riyal, the new company will initially operate...
(EnergyAsia, October 3 2013, Thursday) — India’s coal supply deficit is expected to rise more than 37% between fiscal 2012 and 2016, said Coal Minister Sriprakash Jaiswal. India will increase its coal imports from 135 million tonnes for the year ended March 31 2013 to 185.5 million tonnes four years later. State-owned Coal India Limited,...
(EnergyAsia, October 1 2013, Wednesday) — Singapore Exchange (SGX) will be launching two thermal coal futures contracts on October 21 based on the fuel’s price in China and Indonesia. The exchange said its API 8 CFR China Coal Index Futures and IHS McCloskey Indonesian Sub-bit FOB Index Futures contracts will add to its suite of...
(EnergyAsia, October 2 2013, Wednesday) — Australia’s Orpheus Energy said it has secured barge loading capacity at SKJM’s South Kalimantan port in Indonesia to handle more than 200,000 tonnes of coal per month for 10 years. The deal will enable Orpheus to proceed with plans to expand, develop and produce its coal projects in Indonesia....
(EnergyAsia, October 2 2013, Wednesday) — India’s opposition is stepping up a campaign to force Prime Minister Manmohan Singh’s resignation amid allegations of corruption and mismanagement as the country’s economy continues an alarming three-year slide that has sent its currency plunging to record lows. For the first time, the 81-year-old leader this week directly dismissed...
(EnergyAsia, October 1 2013, Tuesday) — Germany’s chemicals giant BASF said it plans to open a laboratory in China’s Shanghai city next year to provide technical services for the mining industry. As part of the company’s global technical network, the laboratory is scheduled to start up in the first quarter of 2014 at the BASF...
(EnergyAsia, October 1 2013, Tuesday) — The following is an edited version of the keynote speech delivered by Seah Moon Ming, group CEO of Singapore’s Pavilion Energy Pte Ltd, at CWC’s 5th World LNG Series event in Singapore last week. Emergence of Singapore as an LNG Hub As a global trading hub, Singapore’s trade is...
(EnergyAsia, October 1 2013, Tuesday) — India’s thermal coal imports are expected to surge to a new high of 82 million tonnes for the current 2013 fiscal year, more than eight times the level seven years ago. In fiscal 2006, India imported just 9.7 million tonnes of thermal coal to feed its power plants, according...