(EnergyAsia, October 3) — Australia’s BHP Billiton said an initial assessment of its assets in the Gulf of Mexico following Hurricane Rita has revealed that the typhoon tension leg platform (located in 2,000 feet of water in Green Canyon area Blocks 236/237, approximately 165 miles south-southwest of New Orleans) was severed from its mooring and...
(EnergyAsia, October 3) — Construction activity at the Caltex Clean Fuels Project at the Kurnell refinery in Australia was halted last week following concerns about a “minor” gas leak from process plant near the construction site, the company said. “Two construction employees were taken to Sutherland hospital following complaints of feeling ill as a result...
(EnergyAsia, October 3) — Australian upstream company Santos Limited, said it and joint venture partner ConocoPhillips have discovered a new gas field off Northern Territory state with the drilling of the Caldita 1 exploration well. ConocoPhillips, the operator, holds a 60% stake in the venture with Santos through wholly owned subsidiary Santos Offshore holding the...
(EnergyAsia, October 3) — Bangladesh’s fuel pump operators called off their strike threat last week after the Energy Ministry agreed to consider meeting their various demands by November 15. The association met with the ministry’s advisor Mahmudur Rahman and reached an agreement after a two-hour-long meeting. The Petrol Pump Owners Association (PPOA) had gone...
(EnergyAsia, October 3) — Philippines’ main oil company Petron Corp has announced it is joining the Philippine Fuel Ethanol Alliance, making it the first oil company to do so. The alliance is a partnership between the private and public sectors aimed at establishing a local bio-ethanol industry and promote the use of ethanol as...
(EnergyAsia, October 3) — Indonesia’s tottering economy was dealt two body blows on Saturday when massive fuel price hikes were followed by another terrorist attack on the resort island of Bali, the second in three years. On Saturday morning, Indonesians woke up to news that the government had raised premium gasoline price from Rp2,400 per...
(EnergyAsia, October 3) — It is politically suicidal for a US President to tell his citizens to conserve energy and to drive less. Jimmy Carter, the last President to preach energy conservation following the second oil shock of 1979, lasted just one term in office for committing this and other sins deemed un-American. The current...
(EnergyAsia, October 3) — Singapore-based Ezra Holdings Ltd, a leading offshore support and marine services provider in Southeast Asia’s oil and gas industry, has announced a 138% jump in net attributable profit to S$36.1 million for the 12 months ended August 31, well above the S$29 million expected by the market. (US$1=S$1.7). Ezra said...
(EnergyAsia, October 3) — Keppel Singmarine Pte Ltd, the wholly owned subsidiary of Singapore’s Keppel Offshore & Marine Ltd (Keppel O&M), has secured orders for four offshore support vessels (OSVs) and two tugboats for about S$78 million. (US$1=S$1.7). The company said the vessels will be progressively delivered to their owners up to first half...
(EnergyAsia, October 3) — Russia’s Lukoil, through Lukoil Overseas Holding Ltd, has offered to buy over Nelson Resources Limited of Bermuda for US$2 billion in cash. This equates to a per share value of approximately GBP1.24 and CDN$2.57. Nelson Resources Limited is an oil exploration and production company with operations in Kazakhstan. The company...