(EnergyAsia, April 25) — Oman Oil Company, Germany’s Oiltanking and Norway’s Odfjell will invest US$200 million to develop a major tank terminal and six deepwater marine jetties in Oman’s new Sohar port. The terminal will be able to handle 100,000-tonne vessels, Oiltanking managing director Raf van Steenbergen told local reporters. Work on the facilities, designed...

(EnergyAsia, April 22) — The oil derivatives teams of Tullett Liberty Energy Singapore and Prebon Energy Singapore recently merged to form Tullett Prebon Energy (Singapore) Pte Ltd, said managing director Peter Harvey. The company’s new business address is 50 Raffles Place, #39-00 Singapore Land Tower, Singapore, 048623. Its contact numbers are as follows: Crude desk:...

(EnergyAsia, April 22) — UK’s D1 Oils Plc, a promoter of biofuels, is hoping to interest the Thai government in its plan to grow the jatropha plant as a fuels crop in the dry northeastern parts of Thailand. The company is also interested to build a portable refinery technology to produce biodiesel from the jatropha...

(EnergyAsia, April 22) — Hong Kong-listed Huaneng Power International Inc. said its net profit for the three months ended March 31, 2005 fell 43.8% to RMB789 million over the same period last year. (US$1=RMB8.27). In contrast, operating revenues were 44.2% higher at RMB9.317 billion. Basic earnings per share came to RMB0.07. The company’s operating power...

(EnergyAsia, April 22) — Canada’s Enbridge Inc said it has entered into a memorandum of understanding with PetroChina International Company Limited to cooperate on the development of the Gateway Pipeline and supply of crude oil from Canada to China. The Gateway Pipeline is a proposed project to transport 400,000 barrels per day of Alberta oil...

(EnergyAsia, April 22): Privately held Essar Oil is making plans to build up to 400 retail fuels station in several northeastern states of India following the successful start-up of two outlets in Assam.   The company plans to invest between Rs 1 million and Rs 4 million, excluding the cost of the land, in each...

(EnergyAsia, April 22) — US-based engineering firm CB&I said it has been awarded a US$100 million turnkey contract to design and construct storage tanks at a new liquefied natural gas (LNG) import terminal in China’s Fujian province. The facility will be owned and operated by CNOOC Fujian LNG Co. Ltd., a joint-venture project of China...

(EnergyAsia, April 22) — Bharat Petroleum Corporation (BPCL) has signed a memorandum of understanding (MoU) with India’s Petroleum and Natural Gas Ministry for 2005-06, which includes achieving a crude throughput of 10.3 million metric tonne per annum (mmtpa) at its Mumbai refinery.             The MoU has been expanded to include key parameters on quality assurance,...

(EnergyAsia, April 22) — ExxonMobil Research and Engineering Company (EMRE) said that Korea’s S-Oil Corporation has selected its newest commercialised MSDW(TM) proprietary lube catalytic dewaxing technology for its refinery and lube oil plant located at Onsan city.   EMRE said that this is the second MSDW unit licensed by S-Oil for this location in the...

(EnergyAsia, April 22) — CS Mutiara Petroleum Sdn Bhd, an equal joint venture company between Petronas Carigali Sdn Bhd and Shell Exploration and Production Malaysia B.V., has made another gas discovery in Block PM301, off the northeast coast of Peninsular Malaysia.   According to a Petronas statement, drilling operations on Bumi South-1 well started on...

(EnergyAsia, April 22) —Chinese upstream company CNOOC Limited said one of its oil wells, LD 10-1-A11, in the Bohai Bay has become the first well to produce more than 7,000 barrels of oil per day.   LD 10-1-A11, with a pay zone of 238 feet, was drilled in a “good” location of the oil-bearing structure...

(EnergyAsia, April 21) — Oil companies in the Philippines have expressed interest in building fuel depots for new airports being put up in the cities of Silay and Iloilo, according to a BusinessWorld report. The fuel facility in Silay is expected to cost P330 million while the one in Iloilo is pegged at P370 million....

(EnergyAsia, April 21) — Finland’s W’rtsil’ said it recently received a major order for 24 engines from the Korean shipyard Samsung Heavy Industries. W’rtsil’ 50DF dual-fuel engines will be installed in six liquefied natural gas (LNG) carriers. Four of the ships were ordered by AP M¿ller of Denmark and two by Kawasaki Kisen Kaisha (K...

(EnergyAsia, April 21) — Hong Kong-listed China Oilfield Services Limited (COSL), China’s leading integrated oilfield services provider, recently landed an integrated well workover services contract with Indonesia’s CNOOC SES LTD through local agent PT. Sameh Eca. CNOOC SES LTD is a subsidiary of China’s upstream company CNOOC. Under this contract, COSL will provide its service for the oilfields...

(EnergyAsia, April 21) — Dubai-based oil trader Tropicana Trading DMCC is investing US$4 million in new oil storage tanks to serve the fast-growing port of Cochin and the neighbouring southwestern and central regions of India. The tanks, with a total capacity of 45,000 cubic metres, are expected to become operational 15 months after the start-up...

(EnergyAsia, April 21) —The Asian Development Bank (ADB) said it has approved a US$50 million loan and grant assistance package for a power supply improvement project that will help improve the living conditions of about 1.2 million poor people in rural Afghanistan.   A highly “concessional” US$26.5 million loan will finance the construction of 206...

(EnergyAsia, April 21) — Broker Starsupply Petrochemicals has hired David Cho and Toh Kong Eu for its Singapore office. Mr Cho was an aromatics broker in the US for ChemConnect and ChemFocus LLC, while Mr Toh was previously an oil products trader with Malaysian state oil and gas company Petronas. They can be contacted at...

(EnergyAsia, April 21) — Regular gasoline prices are projected to average $2.28 per gallon during this April through September summer season, 38 cents above the level last summer, according to forecasts released today by the US Energy Information Administration (EIA) in the April “Short-Term Energy Outlook.” Monthly average prices are projected to peak at about...

(EnergyAsia, April 21) — Malaysia’s three-decade-old oil industry will soon have its first independent oil trading company in KIC Oil & Gas Limited. The Kuala Lumpur-headquartered company is ready to build up its international trading business as it looks to expand beyond ownership of tankers, storage facilities, and domestic bunker fuel deals. Landing its big...

(EnergyAsia, April 21) — Kuwait Petroleum Corp (KPC) has opened an office in Beijing under manager Haitham Al Ghais.   At the opening ceremony early this month, Jamal A. Alnouri, managing director for KPC’s international marketing, said Kuwait seeks long-term ties with China in the energy sector.   KPC’s Beijing address is:   19th Floor,...

(EnergyAsia, April 21, 2005) — Sri Lanka’s Ceylon Petroleum Corporation said the government must make good on overdue subsidy payments of more than Rs6.5 billion if the company is to stay in business. (US$1=Rs98). Of this amount, Rs3.5 billion is due from last year.   Government subsidy on fuel reached Rs 16 billion, or nearly...

(EnergyAsia, April 20) — India is laying the groundwork to build new oil refineries and expand existing ones with the aim of raising oil product exports, said petroleum minister Mani Shankar Aiyar. “The idea is to offset India’s huge burden of imports of crude oil by exporting oil products. Such a strategy will also substantially...

(EnergyAsia, April 20) — In a major development within the UAE’s downstream petroleum sector, Emirates National Oil Company (ENOC) LLC and its subsidiary ENOC International Sales Limited (EISL), have purchased Caltex Trading and Transport Corporation (Caltex)’s 40% shareholding in Emirates Petroleum Products Company LLC (EPPCO).   The buy-out makes EPPCO, which operates a 129-strong service...

(EnergyAsia, April 20) — Oil giant Sinopec is expanding its domestic refining capacity while continuing to invest in projects overseas. It has begun work on expanding its refining capacity by 16% to more than 3.3 million barrels/day next year. The programme includes building three new refineries on Hainan island (120,000 b/d), Qingdao port (200,000 b/d)...

(EnergyAsia, April 20) — Sinolink Worldwide Holdings Limited said it has sold off its entire holdings of 271,802,456 Enerchina Holdings Limited shares to CITIC Capital Investment Holdings Limited (CCIH) and two unidentified individuals. The sale, enacted through a wholly owned subsidiary, at HK$0.75 per share yielded HK$203,851,842, out of which 226,802,456 shares were placed with...