(EnergyAsia, May 19) — The Indian government led by the UPA Party will complete its first year in office on May 21 and is loudly trumpeting its achievements in the oil and gas sector. Energy security has been a key policy goal of the government of Prime Minister Manmohan Singh.   As examples of the...

(EnergyAsia, May 19) — Chiyoda Corporation, a leading Japanese engineering and construction firm, said it achieved ‘stellar’ financial results for the fiscal year ended March 31, 2005.   Consolidated operating profit rose 88.4% from the previous fiscal year to 11,077 million yen on a gain in construction contracts of 29.4% to 267,655 million yen, exceeding...

(EnergyAsia, May 19) — Hong Kong-listed Panva Gas Holdings Limited said its net profits grew by 29.82% to HK$58 million for the quarter ended March 31 2005. (US$1=HK$7.79). The group’s turnover increased by 13.87% to HK$468 million compared with the same period last year.   The wholesale LPG business remains the group’s core business. For...

Singapore Petroleum Company Limited has opened its 39th service station at Jalan Bukit Merah. The new station is located within a high traffic area supported by matured residential, retail and commercial developments. It will serve motorists in the vicinity of Alexandra, Jalan Bukit Merah, Leng Kee, Queensway and Tiong Bahru and is expected to capture...

(EnergyAsia, May 19) — The UAE plans to double its liquefied petroleum gas (LPG) exports to16 million tonnes per year by mid-2008 compared with eight million tonnes now.   According to the Khaleej Times, Yousef Omair bin Yousef, CEO of state oil and gas company Adnoc, said that globally the natural gas production had doubled...

(EnergyAsia, May 18) — MayBan Securities, a research company, has placed a ‘hold’ on the stock of power company Tenaga Nasional Bhd.    TNB is said to be currently exploring the use of a technology that would enable coal-fired power plants to use high sulphur coal and save the industry’s fuel costs. The process involves...

(EnergyAsia, May 18) — The prospects for non-OPEC production growth in 2005 are likely to be disappointing, especially in Russia, said US energy consultant.   In the latest edition of its Stockwatch Quarterly Review, ESAI said non-OPEC production growth will increase significantly in 2006.   “The government’s moves against first Yukos and now TNK-BP have...

(EnergyAsia, May 18) — The Thai government has begun subsidising ethanol-mixed gasoline, also known as gasohol, from April 16 to keep it 1.50 baht/litre cheaper than octane-95 gasoline, the Energy Ministry announced. (US$1=39 baht). Cherdpong Sirivit, the ministry’s permanent secretary, said the subsidy was aimed at encouraging users of octane-95 gasoline to switch to gasohol,...

(EnergyAsia, May 18) — Abu Dhabi Oil Refining Company (Takreer) and UAE engineering firm Dodsal Ltd have signed an agreement for the construction of the inter-refinery pipelines (IRP) project worth Dh1.47 billion. (US$1=Dh3.6).   According to the Khaleej Times, Takreer awarded the project to Dodsal as a single engineering, procurement and construction (EPC) contract on...

The following is an edited copy of Mr Campbell’s speech from the ASPO’s website.   Oil was formed but rarely in time and place in the geological past, which tells us that it is subject to depletion. It also has to be found before it can be produced. Finding oil is primarily a matter of...

(EnergyAsia, May 18) — Paul Young has been appointed Platt’s managing editor for the Singapore oil markets. He last worked in Platt’s London office. Singapore’s engineering company SembCorp Industries has named Tang Kin Fei its group president and chief executive. He takes over the top job, which was left vacant after the death of Wong...

(EnergyAsia, May 18) — Cabcaben Storage Corporation (CSC), a Philippines company, has announced plans to further invest P130 million to set up an international storage facility in Bataan Peninsula. CSC, which is majority owned by Ramon Villavicencio of Flying-V Group, has acquired 47,304-sq meter coastal property in Sitio Catbalogan II, Mariveles, Bataan to build the...

(EnergyAsia, May 18) — Singapore’s Ezra Holdings Limited, a leading Asian offshore support and marine services provider, said it has closed two major deals. It has concluded a deal to sell five vessels for US$59.2 million to a 49%-owned associate, Intan Offshore Sdn Bhd. Ezra said it will reap a profit of US$12.6 million from...

(EnergyAsia, May 18) — HSBC has been mandated as the sole lead arranger and sole underwriter for the S$240 million syndicated 12.5-year term loan project finance facility for Horizon Singapore Terminals Private Limited (HSTPL) to finance the construction of a 840,000 cbm bulk liquid storage facility on Singapore’s Jurong Island. (US$1=S$1.65).   Horizon Terminals’ parent...

Rising oil prices and the heavy dependence on Middle Eastern oil have been key reasons driving many countries to diversify their fuel sources. This is evident in the national energy policy of many countries, including the US and Pacific Rim countries like Japan and Korea. Natural gas has a good geopolitical distribution which helps to...

(EnergyAsia, May 17) — Qatar’s vision of becoming the world’s leading liquefied natural gas (LNG) supplier by 2010 may have to wait a little longer if terrorists succeed in undermining investor confidence after last month’s successful terrorist attack in its capital city of Doha. A suicide bombing on March 19 killing one foreigner and injuring...

(EnergyAsia, May 17) — “The days of cheap oil are over, and sooner rather than later we will need a cost- effective, environmentally prudent replacement — biofuels are one of the few options available today,” said Paul Roberts, author of ‘The End of Oil: On the Edge of a Perilous New World,’ speaking at last...

(EnergyAsia, May 17) — With the deposit of the Instrument of Accession on May 1 at the International Maritime Organisation (IMO) in London, Singapore became party to Annex IV of the International Convention for the Prevention of Pollution from ships, 1973, as modified by the Protocol of 1978 (MARPOL 73/78). Of greater significance is that...

(EnergyAsia, May 17) — Chiyoda Corporation, a Japanese industrial plant engineering company, said it has reached agreement with Black & Veatch Corporation (B&V) of Overland Park, Kansas, US to license its flue gas desulphurisation (FGD) technology for Dayton Power & Light Company (DP&L) air quality improvement projects at five coal-fired generating stations.   Killen Station...

(EnergyAsia, May 17) — Summed across all distillate products, North American production was largely able to keep pace with the large increase in demand last year.   However, US-based energy consultants ESAI, in the latest edition of its Stockwatch Quarterly Review, said the US overall distillate deficit will increase in the coming year as the...

 (EnergyAsia, May 17) — Thai upstream company PTT Exploration & Production Plc has elected the Energy Ministry’s permanent secretary Cherdpong Siriwit as its chairman, succeeding Manu Leopairote effective May 1. Mr Leopairote will remains as a member of the board of directors.  The other members of the new board include member of the corporate governance...

(EnergyAsia, May 19) — State-owned Electricity of Vietnam (EVN) will build nine more power plants in the second half of this year to meet the country’s rapidly growing demand for electricity, reported Vietnam’s Econet service. The projects include the Kanak-An Khe Hydro-electric Power Plant, the Hai Phong Thermo-electric Plant and the O Mon 1 Power...

(EnergyAsia, May 17) — The Mangistau region in western Kazakhstan has submitted a feasibility study to expand the Aktau port on the Caspian Sea that will include four oil terminals for US$210 million. According to Russian news agency ITAR-TASS, the study, prepared by the Kazgidro company, also calls for the construction of two dry cargo...

(EnergyAsia, May 17) — The Philippine National Oil Co is expected to propose the Bataan Petrochemical Industrial Estate in Limay and Mariveles as a possible site for a regional stockpiling facility, reported the Manila Standard. PNOC president Eduardo Manalac said the Bataan site is a viable alternative to the former US naval base in Subic...

(EnergyAsia, May 17) — Kuwait Petroleum Corp (KPC)’s line-up of executives in Asia.   Qahtan Al Abdulkarim, manager Emad Al Kandari, assistant manager Kuwait Petroleum Corporation (Far East) 391A Orchard Road    #21-06/07 Ngee Ann City Singapore 238873 Tel: 65 67377564, Fax: 65 67349265          Haitham Al Ghais, manager Beijing Representative Office Kuwait Petroleum Corporation (Far...