(EnergyAsia, July 4) — BP, Sinopec and Shanghai Petrochemical Company, the three parties in the SECCO petrochemical venture, last week celebrated the successful construction and commissioning of the manufacturing complex at a ceremony in Shanghai, following a decade-long collaboration. The 220-hectare SECCO facility, the largest petrochemical complex in China to date, was built in...
(EnergyAsia, July 1) — Despite current fears that oil will soon “run out”, global oil production capacity is actually set to increase dramatically over the rest of this decade, according to a new report by US-based Cambridge Energy Research Associates (CERA). As a result, supply could exceed demand by as much as 6 to 7.5...
(EnergyAsia, July 1) — Malaysian oil and gas services provider SapuraCrest expects that its deepwater services business will boost its earnings by up to 30% over the next three years. Much of the growth will come from expansion plans into regional markets, SapuraCrest executive vice chairman Datuk Shahril Shamsuddin told Bernama news agency. ...
(EnergyAsia, July 1) Ð India’s Ministry of Petroleum is looking to locate a proposed crude oil storage tank depot at Padubidri in Udupi district, near Goa on the country’s west coast. Engineers of India Ltd has already begun site studies near Padubidri, according to Indian media reports. The crude oil from the depot will...
(EnergyAsia, July 1) — IndianOil Corp is planning to step up operations in Africa following the success of its operations on the island country of Mauritius. The company has increased its investment allocatios on the island from $18 million to $35 million. IndianOil plans to build a modern fuel testing laboratory and expand the...
(EnergyAsia, July 1) — SPL WorldGroup, a leading provider of mission-critical software solutions for the global utility market, has announced the launch of new offices in Singapore and Hong Kong, furthering its expansion in the Asia Pacific region to meet the rapidly growing demand for software solutions from the region’s energy, water and service utilities....
(EnergyAsia, July 1) — A UN official has called on China to boost its energy efficiency as its economy is set to quadruple by 2020. In a statement, Khalid Malik, UN resident coordinator and representative in China for the UN Development Programme (UNDP), said that China faces ‘significant challenges’ to improve energy efficiency and needs...
(EnergyAsia, July 1) — A top UN official has called on China to dramatically boost its energy efficiency as its economy is set to quadruple by 2020. In a statement, Khalid Malik, UN resident coordinator and representative in China for the UN Development Programme (UNDP), said that China faces ‘significant challenges’ to improve energy...
(EnergyAsia, July 1) Ð Malaysia’s Energy Commission wants to develop the country’s renewable energy potential from biomass but recognises its limitation in meeting domestic energy demand, according to Bernama news agency. Chairman Mohd Annas Mohd Nor said: “While we are encouraging renewable energy, it is not going to be the answer to the country’s...
(EnergyAsia, July 1) — US Trade and Development Agency (USTDA) said it has awarded Pakistan Refinery Limited (PRL) a US$400,000 grant to fund a feasibility study of its planned upgrades at its Karachi refinery. The study will help increase environmental standards at the refinery. The grant was officially conferred at a recent signing ceremony...
(EnergyAsia, July 1) — Australia’s Origin Energy Limited said that it has begun operations at the Tarantula 1 Sidetrack 1 (Tarantula 1ST1) gas exploration well located in the onshore Perth Basin Production Licence L11. Using the ODE 16 drilling rig, the company said it is preparing to run in the hole and kick off after...