Archive | Public Stories

SAUDI ARABIA: Aramco, ExxonMobil completes clean fuels project at Yanbu refinery

(EnergyAsia, December 16 2014, Tuesday) — Saudi Aramco Mobil Refinery Company Limited (SAMREF), an equal joint venture of state-owned Saudi Aramco and ExxonMobil, has completed construction of major desulphurisation facilities including a new hydrotreater at their 400,000 b/d Yanbu oil refinery to drastically cut sulphur levels in gasoline and diesel.SAMREF, which was established in 1984, […]

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AUSTRALIA: BG Group to sell pipeline subsidiary to APA Group for US$5 billion

(EnergyAsia, December 10 2014, Wednesday) — BG Group plc, a world leading UK-based upstream and liquefied natural gas (LNG) company, said it has agreed to sell its wholly-owned Australian subsidiary QCLNG Pipeline Pty Ltd for US$5 billion as part of its divestment of non-core assets. The buyer, APA Group, owns and operates Australia’s largest gas […]

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CHINA: World’s first FLNG facility undocked at Nantong shipyard, say partners

(EnergyAsia, December 9 2014, Tuesday) — The world’s first floating liquefied natural gas (FLNG) plant has undocked at a Chinese shipyard, said China’s Wison Offshore & Marine and US Black & Veatch which collaborated to build the project for their client EXMAR, a Belgium-based shipping firm. The companies celebrated the undocking of the Caribbean FLNG […]

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INDIA: GAIL signs up WGL to supply natural gas for liquefaction at Maryland LNG terminal in the US

EnergyAsia, December 8 2014, Monday) — US-based WGL Midstream Inc has agreed to supply natural gas to the local subsidiary of state-owned GAIL India Limited for the production of 2.5 million tonnes/year of liquefied natural gas (LNG) from the export-oriented Cove Point terminal now under construction in Maryland state. WGL Holdings, a Washington DC clean […]

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COMPANY: Oiltanking appoints Verniers and Vos as managing directors

(EnergyAsia, December 5 2014, Friday) — German oil, chemicals and gas storage company Oiltanking GmbH has named Koen Verniers to lead the company’s eastern operations while Daan Vos will have responsibility for the western half from January 1. Koen Verniers, currently acting as President of Oiltanking Asia Pacific Pte Ltd, will be managing director for […]

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INDONESIA: Adaro Energy and Shenhua to develop coal-fired power plant in East Kalimantan

(EnergyAsia, December 2 2014, Tuesday) — Indonesia’s Adaro Energy said it and China’s Shenhua have signed a memorandum of understanding (MOU) to develop a 2x300MW coal-fired power plant in East Kalimantan. The project represents the Indonesian coal miner’s first venture into the power industry. Through their subsidiaries, the two companies will establish a joint venture […]

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MARKETS: EIA expects oil prices to remain under pressure after slashing global oil demand, raising supply outlook for 2015

(EnergyAsia, November 28 2014, Friday) — The US Energy Information Administration (EIA) expects oil prices to remain under selling pressure after slashing its latest forecast for 2015 global demand while raising the supply outlook. In its November report, the agency said it expects Brent crude oil spot prices to average US$83 per barrel in 2015, […]

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MARKETS: OPEC retains global economic and oil outlook as prices stay weak

(EnergyAsia, November 26 2014, Wednesday) — The weakest oil market in four years is having no impact on the Organisation of Petroleum Exporting Countries’ (OPEC) views on the world economy and oil supply-demand balances. For the fourth consecutive month, OPEC has kept unchanged its forecasts for the world economy to grow by 3.2% this year […]

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