(EnergyAsia, April 1) — The accelerated development and adoption of efficient new energy technologies has the potential to reduce annual energy consumption in the Asia Pacific region by more than 500 million tonnes of oil equivalent below ‘business as usual’ levels at 2030, said Australia’s ABARE. The report “New energy technologies: measuring potential impacts in...
(EnergyAsia, April 1) — Australian upstream company Santos said its operated offshore Mutineer-Exeter oilfield has begun commercial production. The field is located in the Carnarvon Basin in Western Australia state. Santos said production from the A$440 million project has been achieved only three years after drilling began on the Norfolk 1 well, and 17 months...
(EnergyAsia, April 1) — Huaneng Power International, Inc said that its Shanghai combined-cycle-gas-turbine project comprising three 300MW-class generating units has been approved by the National Development and Reform Commission. The RMB3.51 billion project is located in between the company’s Shidongkou first and second power plants in Shanghai. The plant will receive its annual supply of...
(EnergyAsia, April 1) — Mustang Engineering, a subsidiary of international energy services company John Wood Group PLC, said it has extended its global presence with the establishment of operations in the Asia-Pacific region in Perth and Melbourne, Australia. The new offices extend Mustang’s brand and ability to provide engineering and project management services around the...
(EnergyAsia, April 1) — Kuwait’s EQUATE Petrochemical Company said it made “a number of significant achievements” in its 2004 performance. The company is a leading producer of ethylene glycol and a broad variety of linear-low and high-density polyethylene. Ethylene glycol is a key intermediate for polyester fiber and container resin. Polyethylene is used in...
(EnergyAsia, April 1) — US upstream company Murphy Oil Corporation said its Rompin #1 exploration well off Malaysia’s Sarawak state has been found to contain oil and natural gas in multiple horizons. The well reached a total depth of 6,021 feet and was drilled in 164 feet of water in Block SK 311. The company...
(EnergyAsia, April 1) — US energy consultants ESAI said the strong run in prices over the past two years reflects an early signal of a deeper shift in the global crude markets. After an extended run where OPEC was forced to restrain production and cede market share to non-OPEC producers, ESAI believes the cartel will...
(EnergyAsia, April 1) — Natural gas prices in Pakistan will be raised again by between 6% and 9% from July 01, 2005, according to the Jang news service. The Sui Northern Gas Pipelines Limited (SNGPL) and the Southern Southern Gas Pipelines Limited (SSGPL) recently filed separate applications to the Oil and Gas Regulatory Authority (OGRA)....
(EnergyAsia, April 1) — Oil storage and terminalling projects in Asia continued to make the news as companies and countries stayed the course with active stockbuilding programmes. In Dubai, the port of Fujairah opened two bunkering berths last month to meet rising demand for fuel and bunkering services in the region. “With the addition of...
(EnergyAsia, April 1) — WTI crude oil futures kept well above US$50 a barrel the entire March as panic buying and speculation sent prices touching another record high of US$57.60 a barrel. The pullback in the last week of March could extend into April, but this could be merely setting the stage for another strong...