Author Archive | EnergyAsia

MALAYSIA: UK’s Petrofac secures US$120 million contract to provide “world-class” training capabilities for state Petronas

(EnergyAsia, September 18 2013, Wednesday) — UK-based oil and gas services provider Petrofac said it has secured a US$120 million agreement from Malaysian state energy firm Petronas to build, operate and manage two high-specification training facilities as part of its programme to enhance the capabilities of the local workforce. The operations and management components of […]

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SAUDI ARABIA: Japan’s JGC leads consortium to secure US$650 million contract to supply Aramco power and steam

(EnergyAsia, September 18 2013, Wednesday) — Japanese engineering giant JGC Corp said it and partners Japan’s Marubeni Corp and Saudi Arabia’s Aljomaih Holding Co have secured a US$650 million contract to supply electricity and steam to three oil and gas complexes owned by state-owned oil company Saudi Aramco. The complexes are located in the Abqaiq, […]

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VIETNAM: Singapore venture starts construction of fifth joint industrial park in central Quang Ngai province

(EnergyAsia, September 17 2013, Tuesday) — Vietnam and Singapore began construction of their fifth joint industrial park in central Quang Ngai province at a ceremony last week that was witnessed by the countries’ two Prime Ministers, Nguyen Tan Dung and Lee Hsien Loong. Apart from the 600-hectare VSIP Quang Ngai park in Son Tinh district, […]

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OMAN: Oman LNG takes over Qalhat LNG

(EnergyAsia, September 16 2013, Monday) — Oman now has only one company to produce, handle and market liquefied natural gas (LNG) from a three-train terminal with a combined 10.4 million tonnes/year capacity after Oman LNG took over Qalhat LNG from September 1. The enlarged Oman LNG will have greater operational efficiencies as it will manage […]

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MARKETS: US coal consumption up sharply on improving economy and rising substitution for natural gas

(EnergyAsia, September 16 2013, Monday) — US coal consumption surged 8.7% in the first half of 2013 to 446 million short tons (mmst) over the same period last year on rising demand from the power sector, said the Energy Information Administration (EIA). As a result of an improving economy and the increased substitution of natural […]

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ASIA: Wood Mackenzie expects uncertainty in Japan and South Korea to prolong tight LNG market beyond 2020

(EnergyAsia, September 13 2013, Friday) — Policy and regulatory uncertainties in Japan and South Korea could restrict the development of liquefied natural gas (LNG) capacity, causing the Pacific market to remain tight and prices to stay high beyond 2020, predicts Wood Mackenzie. In making this call against consensus that the market will see supply relief […]

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INDIA: Coal India Ltd subsidiary signs 20-year supply agreement with power plant

(EnergyAsia, September 13 2013, Friday) — State-owned Coal India Ltd (CIL) said its subsidiary, South Eastern Coalfields, has signed an agreement for a 20-year supply of coal to a proposed US$1.5 billion power plant in the central state of Chhattisgarh. RKM Powergen, a joint venture between Malaysia’s Mudajaya Corp Bhd Mudajaya and RK Powergen of […]

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SINGAPORE: China Aviation Oil sets up new company, begins plane fuelling business in Hong Kong

(EnergyAsia, September 12 2013, Thursday) — Singapore-based China Aviation Oil Corp Ltd (CAO) said a fully-owned subsidiary has established a joint-venture business in Hong Kong to provide plane fuelling services at the Hong Kong International Airport (HKIA) at Chep Lak Kok for a 10-year term from 2015. China Aviation Oil (Hong Kong) Limited (CAOHK) has […]

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MONGOLIA: MMC reports 6.4% rise in revenue, helped by 32% increase in hard coking coal sales for first half 2013

(EnergyAsia, September 11 2013, Wednesday) — Buoyed by a 32% surge in hard coking coal sales, Mongolian Mining Corp (MMC) said its first half revenue rose 6.4% year-on-year to US$247.8 million. The Hong Kong-listed company, which did not reveal its profit or loss in a statement, said it sold 3.1 million metric tonnes of hard […]

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