SINGAPORE: German industrial group Tognum expanding Asia Pacific headquarters at new site

(EnergyAsia, November 29 2013, Friday) — German industrial group Tognum AG is expanding its Singapore-based Asia Pacific headquarters in the Jurong area to house its growing range of services covering application engineering, sales and service support, distribution management, marketing and communications. Singapore Energy Series: The expansion at the Tukang Innovation Park site will be (more…)

OMAN: UK’s Petrofac and Korea’s Daelim awarded US$2.1 billion contract to upgrade refinery

(EnergyAsia, November 29 2013, Friday) — A state-owned company in Oman has awarded a US$2.1 billion contract for the upgrade and expansion of its 116,000 b/d oil refinery at Sohar to an equal joint venture between UK’s Petrofac and South Korea’s Daelim Industrial Company. The contract by Oman Oil Refineries and Petroleum Industries Company (ORPIC) (more…)

MARKETS: IEA’s global oil demand forecast at all-time high

(EnergyAsia, November 29 2013, Friday) —  The International Energy Agency (IEA) has raised its forecast for global oil demand over the next two years to another all-time high as the world economy continues to recover. The Paris-based agency expects global oil consumption to rise to 92.14 million b/d in 2014 and to 91.01 million b/d...

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MARKETS: OPEC now views shale gas as “an increasingly important” source of energy

(EnergyAsia, November 28 2013, Thursday) — The world’s main oil-producing countries now officially recognise shale and unconventional gas as serious competition to meet the world’s energy demand. In its latest annual world oil outlook, the Organisation of Petroleum Exporting Countries (OPEC) has described shale gas from the US and Canada as an “increasingly important (more…)

AUSTRALIA: Energy focus shifts from investment to production phase

(EnergyAsia, November 28 2013, Thursday) — Australia is counting on reaping the harvest from the recent wave of investments worth billions of dollars in its energy and resource sector, said the Bureau of Resources and Energy Economics (BREE). “Australia is now seeing a transition from the investment phase of the resources boom to the production (more…)

CHINA: Tianjin floating terminal receives first LNG cargo

(EnergyAsia, November 28 2013, Thursday) — China National Offshore Oil Corp (CNOOC) has started up the country’s first floating liquefied natural gas (LNG) terminal off Tianjin city with the receipt of a 59,000-tonne cargo on November 21. Following the success of this trial cargo, China’s leading LNG importer, will proceed to build on the project’s...

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SINGAPORE: Keppel and NUS to launch laboratory to develop technology for deepwater and Arctic operations

(EnergyAsia, November 27 2013, Wednesday) — Building on more than a decade of close collaboration, Keppel Corp and the National University of Singapore (NUS) will jointly launch a laboratory from next January to develop technology for the exploration and production of oil and gas in deepwater areas and the Arctic. Singapore Energy Series: With (more…)

MALAYSIA: Dialog Group, Concord Energy to jointly build oil terminal in Johor state

(EnergyAsia, November 27 2013, Wednesday) — Malaysia’s Dialog Group Berhad has teamed up with Singapore’s Concord Energy to add a second oil storage terminal in Johor state’s Pengerang town, months before it is due to complete a deepwater crude oil storage facility at the same site with the Singapore subsidiary of Dutch firm Vopak. The (more…)

INDIA: Government to expand national oil storage capacity after start-up of first caverns

(EnergyAsia, November 27 2013, Wednesday) — The Indian government plans to add three storage terminals to the four caverns that state-owned Indian Strategic Petroleum Reserves Ltd (ISPRL) is building to store up to 12.5 million tonnes of crude oil. The first phase of the caverns at Visakhapatnam and Mangalore is expected to start up early...

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CANADA: Ferus and China’s ENN to develop gas liquefaction business to supply fuel for industrial, transportation use

(EnergyAsia, November 26 2013, Tuesday) — China’s ENN Corp and Canada’s Ferus Natural Gas Fuels will jointly build, own and operate two gas liquefaction plants in two major cities in western Canada to supply fuel for trucking use as well as other high-horsepower applications including marine, rail, mining, and oil and gas exploration. To (more…)

MARKETS: Oil prices under pressure on news of Iran nuclear energy deal

(EnergyAsia, November 26 2013, Tuesday) — Oil prices fell on news that Iran and the US and its allies have reached a preliminary agreement to stop the Islamic regime’s controversial nuclear energy programme after nearly a year of secret negotiations. Brent crude fell more than US$2 a barrel on Monday November 25 as the weekend (more…)

US: Maritime chief says Panama Canal expansion to boost LNG exports to Asia

(EnergyAsia, November 26 2013, Tuesday) — The Americas’ exports to Asia, including liquefied natural gas (LNG) from the US, will be greatly boosted when the Panama Canal adds a third lane by 2015 to accommodate the passage of giant ships and shorten sailing time, said the head of the US Federal Maritime Commission. In a...

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CHINA: Winter gas shortage will be an annual trend through decade, says Wood Mackenzie

(EnergyAsia, November 25 2013, Monday) — As its energy demand continues to surge, some major cities in northern China will experience natural gas shortages during the winter season through the decade, predicts UK consulting firm Wood Mackenzie. Starting a trend this winter, gas demand for residential heating in cities located in the provinces above (more…)

INDIA: GAIL targets Singapore unit to source, trade one million tonnes/year of LNG from the US

(EnergyAsia, November 25 2013, Monday) — State-owned Gas India Limited (GAIL) Ltd has announced plans to source and trade one million tonnes of liquefied natural gas (LNG) per year from the US through its Singapore-based trading subsidiary. Chairman and managing director B.C. Tripathi said the team at GAIL Global (Singapore) Pte Ltd (GGSPL) will work (more…)

CHINA: Blast from leaking oil pipeline killed at least 52 killed in Qingdao

(EnergyAsia, November 25 2013, Monday) — At least 52 people are confirmed dead and 166 injured after a Sinopec pipeline leaked oil and exploded in two locations in the eastern Chinese coastal city of Qingdao last Friday. The casualty rate is expected to climb in the city’s worst industrial accident after the massive blasts blew...

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CHINA: PetroChina starts up Hebei LNG terminal with first cargo supplied by Qatargas

(EnergyAsia, November  22 2013, Friday) — PetroChina recently started up its third liquefied natural gas (LNG) terminal with the import of a cargo from Qatargas. The cargo delivered by the Q-Flex class LNG vessel Al-Gharrafa Tangshan was used as the cargo to commission the start-up of the Caofeidian LNG terminal in China’s Hebei province. (more…)

ASIA: Commercial company sought to build, own and operate 1,800km natural gas pipeline

(EnergyAsia, November 22 2013, Friday) — The Asian Development Bank (ADB) said it has been appointed transaction adviser to help attract “a commercial consortium leader of global repute” to build, own and operate the planned 1,800km Turkmenistan–Afghanistan–Pakistan–India (TAPI) natural gas pipeline. Under an agreement signed with the countries’ state gas firms, ADB will advise on (more…)

JAPAN: Government backs plans for first LNG futures contract, new pricing system

(EnergyAsia, November 22 2013, Friday) — Japan is looking to develop a futures market and a new pricing system to try contain the rising cost of its liquefied natural gas (LNG) imports. With producing countries unwilling to amend supply contract terms despite its numerous pleas, Japan has been paying an average five times more for...

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AUSTRALIA: BG completes sale of QCLNG stake and LNG supply to CNOOC, to jointly build LNG ships

(EnergyAsia, November 21 2013, Thursday) — More than a year after the two proposed deals were announced, UK’s BG Group said it has completed the sale of its stake in an Australia-based liquefied natural gas (LNG) project and the supply of additional sales volume to China National Offshore Oil Corporation (CNOOC). CNOOC paid a (more…)

THAILAND: Traders told to raise oil stockpile levels to 43 days of consumption

(EnergyAsia, November 21 2013, Thursday) — Oil companies operating in Thailand must maintain crude oil stockpile levels to meet at least 43 days of consumption up from 36 days since the start of November. The energy ministry has informed the industry of the new requirement after delaying its implementation for years for fear it would...

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QATAR: Qatargas and RasGas in strong position to face growing competition in global LNG markets

(EnergyAsia, November 21 2013, Thursday) — Qatar is expected to retain its leadership in the global liquefied natural gas (LNG) markets over the next few years, thanks largely to strong cash flows from established long-term sales contracts, stable relationships with important partners to leverage its vast holding of natural gas reserves, well-developed infrastructure, and continuous...

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RUSSIA: Foster Wheeler to undertake front-end design work for Rosneft- ExxonMobil’s LNG project

(EnergyAsia, November 20 2013, Wednesday) — Russia’s Rosneft and US major ExxonMobil have jointly selected Swiss engineering giant Foster Wheeler AG and US CB&I to undertake separate contracts for the initial phase of the front-end engineering design (FEED) work for a proposed liquefied natural gas (LNG) project in the Russian Far East. Foster Wheelr (more…)

SINGAPORE: Sembcorp starts up Asia’s most modern integrated shipyard

(EnergyAsia, November 20 2013, Wednesday) — Sembcorp Marine recently launched Southeast Asia’s most modern and Singapore’s largest integrated shipyard to strengthen the country’s leadership in the region marine and offshore industry. Singapore Energy Series: Prime Minister Lee Hsien Loong was the guest of honour at this month’s official launch of the yard’s 73.3-hectare first (more…)

INDONESIA: Delayed start-up of fourth LNG project, loss of Arun to further support strong Asian LNG prices

(EnergyAsia, November 20 2013, Wednesday) — Asia’s bullish liquefied natural gas (LNG) market will find further support from the delayed start-up of Indonesia’s fourth liquefied natural gas (LNG) production plant at the same time that the country’s main Arun terminal will stop exporting the fuel next year. Japan’s Mitsubishi Corp is leading the Donggi-Senoro consortium...

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RUSSIA: Rosneft and KazMunayGaz to pipe Russian crude oil to China through Kazakhstan

(EnergyAsia, November 19 2013, Tuesday) — From next January, Russia will increase the export of crude oil to China through a pipeline network the runs across Kazakhstan which shares a common border with the two countries. The agreement for 200,000 b/d of crude was signed in The Russian city of Yekaterinburg last week by (more…)