CHINA: CNOOC, Total and Tullow to develop oil refinery and pipeline in Uganda

(EnergyAsia, February 11 2014, Tuesday) — An international consortium comprising UK’s Tullow Oil, France’s Total and China National Offshore Oil Company Ltd (CNOOC) has agreed to support Uganda’s plans to build an oil refinery and a pipeline as part of a bigger plan to develop the East African country’s oil industry. Speaking to the media...

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JAPAN: Tokyo looks to Africa, Poland for coal supplies

(EnergyAsia, February 10 2014, Monday) — As it continues to debate the revival of its idled nuclear energy plants, Japan is also looking to develop new sources of coal supplies from Africa and Poland as part of its energy diversification measures. Japan has shut down its entire nuclear power capacity which used to supply 29%...

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AUSTRALIA: Woodside to help Israel develop LNG export with acquisition of 25% stake in Leviathan gas project

(EnergyAsia, Feb 10 2014, Monday) — With its long experience selling to Asia, Australia’s Woodside Petroleum has been roped in to help Israel develop an export-oriented liquefied natural gas (LNG) project through its purchase of a 25% stake in the country’s largest gas field which holds an estimated 18.9 trillion cubic feet of reserves. Woodside (more…)

MARKETS: Oil and gas M&A outlook remains robust despite a decline in 2013, says EY

(EnergyAsia, February 7 2014, Friday) — Oil and gas M&A activity was significantly lower in 2013 in value and volume, with supply challenges expected to restrict activity over the next 12 months, said consultant EY. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In its latest review, EY found that the value of oil and gas M&A activities had fallen by 21% (more…)

SINGAPORE: SRC to invest US$500 million to add clean fuels and cogeneration plants

(EnergyAsia, February 7 2014, Friday) — After years of debate and planning, the Singapore Refining Company (SRC) has decied it will proceed to invest US$500 million to upgrade its 290,000 b/d refinery on Jurong Island. Equal shareholders Chevron and Singapore Petroleum Company (SPC), a fully-owned subsidiary of PetroChina International, will add a cogeneration plant to...

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UPSTREAM: Deepwater oil and gas spending to surge from 2016, says Douglas Westwood (DW)

(EnergyAsia, February 6 2014, Thursday) — Oil and gas companies will spend a total of US$260 billion in deepwater operations between 2014 and 2018, up 130% from the preceding five years, predicts consultant Douglas Westwood (DW). The bulk of about US$213 billion will be invested in Africa and the Americas, which have the most attractive (more…)

JAPAN: Marubeni expands power-generating business in anticipation of sector reform

(EnergyAsia, February 6 2014, Thursday) — In anticipation of Japan’s power sector reform, trading house Marubeni Corp has set up a new subsidiary with near-term plans to add at least 400MW of capacity through the construction of four power plants to serve the greater Tokyo market. Marubeni Thermal Power Co Ltd (MTPC), which will operate...

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SINGAPORE: State agencies work to contain oil spills and clean up of offshore islands following vessel collisions

(EnergyAsia, February 5 2014, Wednesday) — Singapore’s maritime and environment agencies said they are continuing work to contain two oil spills as well as clean-up of two offshore Islands affected by two separate vessel collisions last week. On January 29 at about 6.30 pm, the Maritime and Port Authority (MPA) said it was informed that (more…)

SOUTH KOREA: Kepco continues expansion in the Philippines

(EnergyAsia, February 5 2014, Wednesday) — South Korea’s largest utility, Korea Electric Power Corp (Kepco), is making progress in its plans in the Philippines by adding to the four power plants that it owns and operates in the country. It is planning to build two 100MW coal-fired power plants in Negros Occidental province, with the...

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AUSTRALIA: Altona Energy to press on with coal-to-liquids project after ending troubled venture with CNOOC

(EnergyAsia, February 4 Jan 2014, Tuesday) — UK-listed Altona Energy PLC said it would press on alone to develop a multi-billion-dollar project to convert coal to liquid fuels in Australia after state-owned China National Offshore Oil Company (CNOOC) relinquished its operatorship and 51% shareholding in their joint venture undertaking. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Altona said it agreed to (more…)

JAPAN: Tepco boosted by 1.6GW of new coal-fired power generation capacity

(EnergyAsia, February 4 2014, Tuesday) — Still unable to operate its nuclear reactors, Japan’s Tokyo Electric Power Company (Tepco) has started 2014 with the addition of two ultra super critical coal-fired plants with a combined 1.6GW of capacity to the estimated 67GW capacity it had at the end of December. The company started up the...

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SINGAPORE: Shell calls for better urban design and planning to alleviate global resource tensions

(EnergyAsia, February 3 2014, Monday) — Cities will have to be better designed and planned to alleviate growing tensions and competition for resources as urbanisation gathers pace in response to the human population rising to over eight billion by 2050, said Royal Dutch Shell. “By 2050, the number of people living in cities is likely (more…)

AUSTRALIA: Port owner permitted to dispose nearly three million cubic metres of dredged mud near Great Barrier Reef

(EnergyAsia, February 3 2014, Monday) — A port owner has won approval to dispose nearly three million cubic metres of dredged mud into waters located just 25km from the world’s largest marine park as part of a multi-billion-dollar project to develop a major port for the export of coal from Australia’s Queensland state. State-owned North...

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