JAPAN: Proserv Offshore wins Iwaki platform cutting contract

(EnergyAsia, January 4 2010, Monday) — UK’s Proserv Offshore said it has won a subsea cutting contract from SapuraAcergy to decommission the massive Iwaki Platform jacket off the northeast coast of Japan. Proserv added that it has successfully conducted the Asia Pacific region’s first high-load compression cuts involving more than 400 tons of compression. Located...

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MARKETS: Study says society must start adjusting as alternative energy systems cannot replace fossil

(EnergyAsia, January 4 2010, Monday) — The modern economic system cannot continue operating at its present scale for a few more decades on account of tightening energy constraints, even with inputs from renewable and alternative sources, according to a new joint study by two prominent California-based environmental think tanks. The study concluded that industries and...

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INDIA: US Suniva Technology, Titan Energy to develop 1MW solar PV project in West Bengal

(EnergyAsia, January 4 2010, Monday) — Suniva, a US manufacturer of high-efficiency monocrystalline silicon solar cells and supplier of Suniva-branded solar modules, said it has completed its collaborative project with Titan Energy Systems to create one of India’s first large-scale projects in Jamuria in West Bengal state. Suniva said its cells power the 1MW solar...

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CHINA: US lose out 10 LNG cargoes from Qatar

(EnergyAsia, January 4 2010, Monday) — China has outbid US for 10 cargoes or around five million tonnes of liquefied natural gas (LNG) from Qatar this year. Qatar, which expects to raise its LNG production capacity to 77 million tonnes per year by September, revealed that it is diverting just under 10% of its total...

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CHINA: Canada approves Petrochina’s purchase of 60% stake in Athabasca Oil Sands Corp

(EnergyAsia, January 4 2010, Monday) — The Canadian government has approved Petrochina International Investment Company Limited’s purchase of a 60% stake in Calgary-based Athabasca Oil Sands Corporation (AOSC) for C$1.9 billion. (US$1=C$1.05). Industry Minister Tony Clement said he approved the deal after PetroChina and its parent company, PetroChina Company Limited, had agreed to make a...

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AUSTRALIA: Solar Institute approved A$11 million for research programmes

(EnergyAsia, January 4 2010, Monday) — The Australian government has welcomed the announcement of the first grants worth A$11.1 million under the Australian Solar Institute’s (ASI) competitive solar energy grants programme. (US$1=A$1). The ASI said the five grants will help fund research and development of photovoltaic (PV) and solar thermal technologies in Newcastle, Sydney, Brisbane...

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IRAQ: Chinese and Russian firms awarded contracts to develop main oil and gas fields

(EnergyAsia, December 31, Thursday) — Chinese and Russian companies have captured what could be the most valuable of seven contracts to develop oil and gas fields in Iraq while the US, which led the 2003 invasion to depose Saddam Hussein from power, was left with a small consolation prize. In its biggest post-Saddam auction of...

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TURKMENISTAN: New pipeline to China weakens Russia’s grip on region’s gas exports

(EnergyAsia, December 31, Thursday) — Turkmenistan has launched a new 1,833-km pipeline to export natural gas to China that at the same time ends Russia’s grip on the livelihood of Central Asia’s main natural gas producers.   The pipeline has the capacity to carry between 30 billion and 40 billion cubic metres (bcm) of natural...

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INDIA: Kakinada Seaports, Singapore’s Sembcorp Marine to jointly establish marine and offshore facil

(EnergyAsia, December 31, Thursday) — Sembawang Shipyard, a wholly-owned subsidiary of Singapore’s Sembcorp Marine, and India’s Kakinada Seaports Limited have agreed to jointly form Sembmarine Kakinada Ltd (SKL) to establish and operate a marine and offshore facility catering to offshore drilling units and merchant vessels trading or operating in Indian waters. Sembawang Shipyard will hold...

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SINGAPORE: Keppel FELS caps 2009 with record 13 rig deliveries

(EnergyAsia, December 31, Thursday) — Singapore’s Keppel FELS Limited said it has delivered a record number of 13 rigs, all within budget and on time, in 2009. For its performance deliveries of eight jackup rigs, four semisubmersible and one semisubmersible drilling tender rigs, customers rewarded the company with a S$2 million bonus. (US$1=S$1.4). Wong Kok...

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VIETNAM: Singapore companies make further inroads into E&P support business

(EnergyAsia, December 31, Thursday) — The following is a series of recent announcements made by Singapore-listed companies, Technics Oil and Gas, Federal International (2000), Sembcorp Marine and EOC Limited, providing equipment and services to the upstream oil and gas industry in Vietnam. Technics Oil and Gas Ltd said it has secured its 11th contract since...

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CHINA: Sinopec’s overseas crude oil output reached 17 million tonnes last year

(EnergyAsia, December 31, Thursday) — State-owned China Petroleum and Chemical Corporation (Sinopec) expects its overseas crude oil output to have reached 17 million tonnes last year, thanks to a late boost from its US$7.9 billion acquisition of Geneva-based Addax Petroleum  Corp in August. Addax, which owns and operates proven oil fields in Iraq’s Kurdistan and...

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SINGAPORE: Linde Gas starts up S$25 million carbon dioxide plant on Jurong Island

(EnergyAsia, December 31, Thursday) — Linde Gas Singapore Pte Ltd, a subsidiary of German’s Linde Gas, has started up its new S$25 million carbon dioxide (CO2) plant on Jurong Island in Singapore. (US$1=S$1.4). The plant produces approximately 100 tons per day of liquid carbon dioxide to double the local production capacity, making Linde the largest (more…)

SINGAPORE: Senoko Power launched second stage of repowering project

(EnergyAsia, December 30, Wednesday) –– Singapore’s Senoko Power said a Japanese consortium has started work on the second stage of a repowering project according to an engineering, production and construction (EPC) contract awarded in September last year. The consortium, comprising Mitsubishi Corporation, Mitsubishi Heavy Industries and Hitachi Asia, will begin onsite work to convert three...

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SINGAPORE: KS Energy consolidating its businesses into KS Distribution

(EnergyAsia, December 30, Wednesday) — Singapore-listed oil and gas services provider KS Energy Services has decided to undertake the overdue consolidation of its distribution businesses into a new $320 million entity called KS Distribution. (US$1=S$1.4). KS Energy will acquire the shares of 54.1%-owned subsidiary, Aqua-Terra Supply Co (ATS), and associate, SSH Corporation (SSH), with the...

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INDIA: Think tank downsizes domestic coal reserves to 45 years from 200 years

(EnergyAsia, December 30, Wednesday) — A leading Indian think tank said the country has only 45 years of commercially exploitable coal reserves, not 200 years as widely assumed by the government and the industry. In a report on India’s energy security, The Energy and Resources Institute (TERI) of New Delhi downgraded the country’s coal reserves...

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THAILAND: Government to cancel oil and gas exploration deal with Cambodia

(EnergyAsia, December 30, Wednesday) — The Thai government is poised to terminate an oil and gas exploration deal with Cambodia amid a worsening row over Phnom Penh’s appointment of fugitive Thai prime minister Thaksin Shinawatra as an economics adviser. The exploration deal had been signed in 2001 during Thaksin’s administration and called for the two...

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SINGAPORE: New power plant to be built on the eastern part of island

(EnergyAsia, December 30, Wednesday) — The Singapore government has announced plans to build a power station in the eastern part of the country as part of several new mid- to long-term projects for the energy industry. The government has released land along Lorong Halus in Tampines for the planned power station, which is expected to...

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PHILIPPINES: Phoenix Petroleum to invest 500 million peso in capex and storage for 2010

(EnergyAsia, December 30, Wednesday) — Listed independent oil player Phoenix Petroleum Philippines Inc said it has set aside 500 million peso in capital expenditures next year to expand its retail network and set up storage and logistics support facilities. (US$1=46.5 peso). The company is looking to put up between 40 and 50 retail stations nationwide...

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INDIA: Crude oil stockpile to be increased to 8.5 million tonnes by 2012

(EnergyAsia, December 30, Wednesday) — The Indian government is planning to increase the country’s crude oil stockpile by five million tonnes to 8.5 million tonnes by 2012. State-owned Indian Strategic Petroleum Reserve Limited will increase the storage capacity of underground rock caverns at Visakhapatnam, Mangalore and Padur. The cost of building the additional capacity and...

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PUERTO RICO: Oil storage explosion and fire caused by fuel leak, sabotage ruled out

(EnergyAsia, December 29, Tuesday) — The massive explosion and fire at the storage facility of Caribbean Petroleum Corp at San Juan in Puerto Rico last October was caused by a fuel leak rather than sabotage, according to the US Federal Bureau of Investigation. The fuel leak occurred when one of the huge storage tanks at...

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SINGAPORE: Johor tank farms could pose competition

(EnergyAsia, December 29, Tuesday) — Planned onshore tank farms in the southern Malaysian state of Johor could become a long-term source of competition for a floating storage terminal being considered in Singapore. State industrial landlord JTC Corp is expected to complete by next March its study on setting up the very large floating structure (VLFS)...

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INDIA: Crude oil stockpile reached 74 days of demand

(EnergyAsia, December 29, Tuesday) — India’s official crude oil stockpile has reached 74 days of consumption, still below the 90 days recommended by the International Energy Agency as the minimum needed to counter supply disruptions. “We have crude oil reserve for 74 days in our strategic reserve meant for emergency situations like war or natural...

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TURKMENISTAN: China secures gas supply

(EnergyAsia, December 29, Tuesday) — The following is an edited version of an article by Philip H. de Leon of www.OilPrice.com. On December 14, 2009, the presidents of China – Hu Jintao, Turkmenistan – Gurlanguly Berdymukhamedov, Kazakhstan – Nursultan Nazarbayev, and Uzbekistan -Islam Karimov, inaugurated the Central Asia–China gas pipeline that links Turkmenistan’s natural gas...

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JAPAN: Nippon Oil, Nippon Mining to reduce merged refining capacity by 400,000 b/d or 20%

(EnergyAsia, December 29, Tuesday) — Japanese oil refiner Nippon Oil Corp and Nippon Mining Holdings Inc said they plan to slash 400,000 b/d or 20% of their combined refining capacity when they complete their proposed merger by March 2011. Three refineries have been targeted for a complete shutdown, while a fourth plant will be reduced...

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