Archive | Public Stories

RUSSIA: Crude sales to surge on reduced export duty and weaker refinery demand, says ESAI

(EnergyAsia, January 26 2015, Monday) — Russia will increase its crude sales abroad by about 200,000 b/d next month in response to reduced export tax rates and weak demand from domestic refiners, according to US-based consultant ESAI Energy. In its CIS Watch report, ESAI said it expects Russia to export more crude oil and less petroleum […]

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AUSTRALIA: Earnings from resources and energy exports to decline by 10% in 2014-15, says Department of Industry

(EnergyAsia, January 21 2015, Wednesday) — Due to lower commodity prices, Australia’s earnings from natural resources and energy export earnings will fall by about 10% to A$176 billion in the current financial year to June 30, said the Department of Industry. (US$1=A$1.22). Earnings from liquefied natural gas (LNG) exports will buck the general trend to […]

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AUSTRALIA: Woodside, Adani to jointly develop LNG assets and business opportunities

(EnergyAsia, January 19 2015, Monday) — Australian upstream company Woodside Petroleum is hoping to develop and sell liquefied natural gas (LNG) to India through its budding relationship with one of India’s leading infrastructure companies, Adani Enterprises Limited. The companies announced last week that they had signed a memorandum of understanding to identify and develop liquefied […]

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SINGAPORE: Singapore’s Keppel Shipyard to develop two FLNG terminals for Golar LNG Ltd in Cameroon

(EnergyAsia, January 5 2014, Monday) — Golar LNG Ltd said it is building Africa’s first floating project off the coast of Cameroon to liquefy natural gas for export to Asia. It has awarded Singapore’s Keppel Shipyard the contracts to convert two vessels into floating liquefied natural gas (FLNG) terminals, Golar Hilli and Golar Gimi, at […]

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CHINA: Wison Engineering takes 10.33% stake in contract to upgrade Venezuela’s Puerto La Cruz refinery

(EnergyAsia, December 23 2014, Tuesday) — China’s Wison Engineering Services Co Ltd said a subsidiary has agreed to take a 10.33% stake in a US$4.837-billion contract to upgrade and expand the ageing 190,000 b/d Puerto La Cruz refinery on the east coast of Venezuela. State energy firm PDVSA had earlier awarded the contract to the […]

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MALAYSIA: Petronas, Vopak and Dialog Group to jointly develop oil storage terminal for Pengerang complex

(EnergyAsia, December 22 2014, Monday) — Dutch oil and logistics firm Royal Vopak and two Malaysian firms, state-owned Petronas and listed Dialog Group, have signed a shareholders agreement to jointly develop an oil storage terminal for the planned Pengerang Integrated Complex (PIC) in Malaysia’s Johor state. The terminal, to be developed on a 63.5-hectare plot […]

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