(EnergyAsia, September 16) — Shell has begun selling ultra-low sulphur diesel (ULSD) at its 70 retail stations across Singapore from Tuesday. This environmentally friendly diesel is being sold at current prices, which means there is no extra cost to customers. The sulphur content in ULSD is less than 50 parts per million (ppm) or 0.005%,...
(EnergyAsia, September 16) — Singapore’s Nanyang Technological University (NTU) and Keppel Integrated Engineering Ltd (KIE) have signed a Memorandum of Understanding (MOU) to embark on joint research and development in environmental technologies, focusing on waste treatment processes. Under the MOU, staff and students from NTU’s School of Civil and Environmental Engineering (CEE) and its...
(EnergyAsia, September 16) — Saudi Basic Industries Corporation (SABIC) said it has signed a contract with a Aker Kvaerner-China Petrochemical Corporation (SINOPEC) Joint Venture for the engineering, procurement and construction of its world-scale polyolefins complex at YANSAB, in Yanbu, Saudi Arabia. Yousef Al-Zamel, vice president at SABIC Basic Chemicals, signed the contract for SABIC, while...
(EnergyAsia, September 16) — The technology group Linde has been selected as the contractor by PetroChina International to help build China’s largest ethylene plant. The contract with an order value of US$140 million was signed in Beijing last week. The cracker with an annual production capacity of 1 million tons of ethylene and 500,000...
(EnergyAsia, September 16) — Canada’s EnCana Corporation has agreed to sell all of its shares in subsidiaries which have oil and pipeline interests in Ecuador to Andes Petroleum Company, a joint venture of Chinese oil companies, for US$1.42 billion cash. The sale will have an effective date of July 1 2005 and is expected to...
(EnergyAsia, September 16) — The Atomic Energy of Canada Limited (AECL) and the China National Nuclear Corporation (CNNC) last week signed an agreement on nuclear energy cooperation at a signing ceremony in Ottawa in the presence of Prime Minister Paul Martin and Chinese President Hu Jintao. The agreement specifies a number of nuclear-related projects...
(EnergyAsia, September 16) — A consortium led by Finland’s W’rtsil’ has won two contracts to supply power plants on the outskirts of Phnom Penh, Cambodia. One project is for a 45 MWe diesel power plant to be built for an independent power producer (IPP), Cambodia Electricity Pte Co Ltd (CEP). Due for delivery in...
(EnergyAsia, September 16) — An Indonesian-led consortium has bought a 29.17% stake in Singapore-listed oil equipment stockist Sin Soon Huat Limited (SSH) for S$22,112,500. (US$1=S$1.67). The deal is aimed at strengthening SSH’s position in serving Asia’s booming oil and gas industry. Singapore’s Lim family has agreed to sell off 152.5 million ordinary shares in...
(EnergyAsia, September 16) — The New York Mercantile Exchange Inc has introduced 10 European and Singapore swap futures contracts on its NYMEX ClearPort¨ electronic trading and clearing platform starting last Monday. The new contracts and their trading symbols include European Mediterranean gasoline (EU), Northwest Europe gasoline (AR), Northwest Europe high/low sulfur fuel oil spread...
(EnergyAsia, September 15) — With signs of economic stress starting to emerge, developing Asia needs to make some hard decisions to cope with high oil prices, according to an ADB report. The price of world crude has risen by nearly 75% since the start of 2005, said Asian Development Outlook 2005 Update, the supplemental...
(EnergyAsia, September 15) — The Grains Council of Australia (GCA) has released new proposals for mandating the use of ethanol in the nation’s gasoline supply, reported The Age newspaper. The plans by the country’s grain producers follow warnings that mandatory ethanol levels in fuel could cost the country A$1.6 billion a year. (US$1=A$1.32). ...
(EnergyAsia, September 15) — BUE Marine Ltd (BUE), a wholly owned subsidiary of Oman’s Renaissance Services SAOG, and its operating partner, Kaspmorneftflot (KMNF), have been awarded a 10-year charter for two platform supply vessels (PSVs) by oil and gas major BP in Azerbaijan. The contract is worth more than RO40 Million (US$103 Million) over the...
(EnergyAsia, September 15) — Singapore-listed PEARL Energy Limited has appointed Michael A. Bruce as chief financial officer and Warren Wauke as vice president for finance and administration for subsidiary PEARL Oil (Thailand) Limited to be based in Bangkok. “These are two critical appointments for PEARL to strengthen our Thai operations following the start of...
EnergyAsia, September 15) — Noble Energy Inc, a member of Singapore listed commodities trader Noble Group, has hired Ajay Mishra to expand its carbon business in India and the Asia Pacific region. Mr Mishra, previously with India’s TATA International, has broad experience in the full range of carbon products including coking coal, coke, anthracite and PCI....
(EnergyAsia, September 15) — PICL, the international division of Malaysia’s state energy company Petronas, said it has bought a 4% shareholding in UK’s Centrica plc. Petronas said it views the shareholding as a long term investment in the UK’s leading energy retailing company and hopes to build a positive and constructive relationship with Centrica’s management....
(EnergyAsia, September 15) — The Indonesian police and state energy company Pertamina will form a joint task force to investigate and stop the illegal export of oil products from the country. According to ANTARA news agency, the agreement was reached after a meeting between National Police Chief General Sutanto and Pertamina president Widya Purnama along...
(EnergyAsia, September 15) — How’s this for a business or a career: turn something you don’t need into something you can use, and make some money in the process. All this, while reducing damage to the environment. This is Steve Peters’ message to anyone who cares to listen, particularly young people looking for an exciting...
(EnergyAsia, September 15) — Advances in materials science and lighting technology could help greatly reduce world energy use and global warming. According to materials science expert Colin Humphreys, the adoption of the light emitting diode (LED) as the illumination of choice can significantly cut down energy consumption. Reduced energy consumption, in turn, leads to a...
(EnergyAsia, September 15) — Sri Lanka’s first bidding round offering potential blocks in the Mannar Basin for oil exploration could kick off as early as next month, reported Lanka BusinessOnline. “We plan to hold the road show before the end of this year, probably in October,” said A. Jinadasa, acting director general of the Petroleum...
(EnergyAsia, September 14) — Scotland’s Craig Group said it has concluded the deal for a joint venture in Kazakhstan as part of its drive to become a market leader in the Caspian region. The group’s international arm, Craig Energy Services Ltd, has signed a deal with MAK Atyrau, a Kazakh supplier, based in Atyrau, to...
(EnergyAsia, September 14) — A Scottish marine environmental services company has formed a business alliance in Southeast Asia which will open up new market opportunities in the region. ERT Scotland Ltd has signed an agreement with Malaysia’s Cekap Technical Services which will see the two companies work together to offer an extended range of...
(EnergyAsia, September 14) — Oman’s first half oil and gas exports fell 1% to 129,597,300 barrels from the same period last year, reported the Oman News Agency (ONA). Citing the National Economy Ministry, ONA reported that Oman’s total production of crude oil and condensate for the first half reached 140,129,300 barrels compared with 142,557,000...
(EnergyAsia, September 14) — Howard Pang, a former executive with Vopak Singapore, has joined Horizon Terminals Management Pte Ltd as commercial manager. Horizon is building an oil storage terminal on Jurong Island. In the first phase, it will build 27 tanks with a capacity to store 720,000 cubic metres of liquid petroleum products, with seven...
(EnergyAsia, September 14) — Greenland, one of the world’s largest and least inhabited land mass, was the focus of two recent important investigations on the impact of global warming on the planet. In both, officials, scientists and journalists found that increased warming had accelerated the melting of giant icebergs in Greenland over the past decade,...
(EnergyAsia, September 14) — Keppel FELS Limited (Keppel FELS) and J. Ray McDermott, S.A. (J Ray) a subsidiary of McDermott International Inc, said they are in the process of forming an equal joint venture company, to be named FloaTEC, LLC, to provide deepwater and ultra deepwater oil and gas development solutions. The two companies...