(EnergyAsia, November 16) — Singapore-listed KS Energy Services Limited, an energy services group, said it has secured a contract to provide an onshore land drilling rig to a Qatar-based oil and gas company. The US$7.9 million contract covers the cost of equipment, parts, commissioning, transportation, set up and project management. KS Energy said it...
(EnergyAsia, November 16) — Two Dutch companies, NV Nederlandse Gasunie (Gasunie) and Vopak N.V. (Vopak) have successfully completed their initial study into the feasibility of a terminal for liquid natural gas (LNG) in the Netherlands. Marcel Kramer, chairman of Gasunie, said: “The response from LNG buyers and suppliers are extremely positive. The solid reputations...
(EnergyAsia, November 16) — Thai state energy company PTT has reported a 52% rise in third quarter net profit to 24 billion baht on sales revenue of 267.45 billion baht, which was up 57% from year-ago levels. (US$1=41 baht). Earning Before Interests, Tax, Depreciation, and Amortization (EBITDA) was up 57% to 33.62 billion baht while...
(EnergyAsia, November 16) — Essar Oil, the Indian private sector oil firm, said it has been forced to shut down 200 of its 514 retail fuel stations because of spiraling international crude oil prices and declining margins, The Business Standard reported. Earlier, the company had cut supplies to its dealers across the country by 25%....
(EnergyAsia, November 16) — Thai state energy company PTT has reported a 52% rise in third quarter net profit to 24 billion baht on sales revenue of 267.45 billion baht, which was up 57% from year-ago levels. (US$1=41 baht). Earning Before Interests, Tax, Depreciation, and Amortization (EBITDA) was up 57% to 33.62 billion baht while...
(EnergyAsia, November 16) — KBC Advanced Technologies (KBC), the Center for Process Plant Management (CPPM), and TTS Performance Systems, Inc. (TTS) have formed a strategic alliance with the goal of helping their manufacturing plant clients achieve and sustain operational excellence. In the current environment of high oil-product demand, companies are focusing on maximising the...
(EnergyAsia, November 16) — India’s state oil firms have opened the first tenders to buy ethanol, The Economic Times reported. The first tenders were opened in Maharashtra but other states like Andhra Pradesh, Karnataka and Tamil Nadu are expected to follow soon. The front runner is reported to be XL Telecom’s ethanol division...
(EnergyAsia, November 16) — Gas Authority of India Limited (GAIL) will build on its tie-up with China Gas Holding Limited (CGHL) to expand into China’s hydrocarbon sector. GAIL deputy general manager Rabi Gayen told Indian media that it is looking to expand operations in China after the tie-up with CGHL and have identified a...
(EnergyAsia, November 16) — India’s proposed US$22 billion deal to import liquefied natural gas (LNG) from Iran is jeopardised because US General Electric is refusing to supply critical LNG equipment to Iran, Infraline reported. GE is believed to have refused to supply compressors, a crucial link in converting natural gas into liquid for transportation...
(EnergyAsia, November 16) — Nasdaq-listed Foster Wheeler Ltd said its Thailand subsidiary has been selected as the project management contractor (PMC) for The Aromatics (Thailand) Public Company Limited (ATC) Reformer and Aromatics Complex II Project to be located at Map Ta Phut, Thailand. The terms of the award were not disclosed, and the project will...
(EnergyAsia, November 16) — Ezra Holdings Limited has announced that its application for transfer from the Singapore Exchange’s second SESDAQ board to the mainboard has been approved, with the transfer date to be set later. Lionel Lee, Ezra’s managing director, said: “I am extremely pleased to announce that, at the earliest possible date, which...
(EnergyAsia, November 15) — China expects to invest US$180 billion to develop renewable energy over the next 15 years, said a senior official at last week’s Beijing International Renewable Energy Conference. The share of renewable energy in China’s primary energy mix would have risen from 7% now to 15% by 2020, said Zhang Guobao,...
(EnergyAsia, November 15) — UK engineering firm Rolls-Royce has developed a new version of lean-burn gas engines, the KV-G4.1, for improved efficiency and lower emissions in electrical power systems. The new engine is equipped with an advanced combustion system that has an increased efficiency and reductions in CO2, unburned hydrocarbons and particulates. This development reduces...
(EnergyAsia, November 15) — CNOOC Limited said it has begun producing oil from its new Caofeidian (CFD) 11-3/5 fields in block 04/36 in Bohai Bay. The fields are producing at the peak capacity of 13,800 barrels of oil per day. CFD11-3/5 is located in the western Bohai Bay in an average water depth of...
(EnergyAsia, November 15) — Following the successful pegging between coal and electricity prices implemented since the beginning of the year, China’s National Development and Reform Commission (NDRC) and the Ministry of Construction have jointly released a document to initiate a similar pegging mechanism between coal and heat prices. According to Xinhua news agency, the...
(EnergyAsia, November 15) — Australian Ethanol Ltd hopes to acquire US ethanol producer and distributor Denco LLC for US$49.2 million. A decision will be made following a meeting with its shareholders on November 14, according to AFX News Limited. Besides owning a 95 million litre per year ethanol production facility, Denco has a 12.5%...
(EnergyAsia, November 15) — South Africa has denied reports that it has proposed a uranium enrichment collaboration deal with Iran. In a recent television statement, Jawad Waedi of Iran’s Supreme National Security Council (SNSC), said South Africa had proposed participating in the uranium enrichment operations by supplying Iran with the raw materials to produce...
(EnergyAsia, November 15) — Australia’s Origin Energy last week released its environment impact statement (EIS) for public comment for the proposed 1000MW Spring Gully Gas Fired Power Station near Roma in central Queensland state. In October 2004, the company announced its intention to seek approval for the proposed high efficiency, gas fired power station....
(EnergyAsia, November 15) — Malaysian plantation group IOI Corp Bhd will build its first biodiesel plant either in the Netherlands or in Pasir Gudang in Malaysia’s Johor state, according to the local Business Times. The plant will be located in either the company’s existing refinery Soctek Edible Oils Sdn Bhd in Pasir Gudang or in...
(EnergyAsia, November 15) — Greenpeace said the Asian Development Bank (ADB) is responsible for financing climate change in Asia and its policies are contributing to the displacement of communities and the destruction of ecosystems in the region. Activists with the environmental lobby dressed as human smokestacks blocked the exit gate of the ADB’s offices in...
(EnergyAsia, November 15) — “The importance of the Middle East and North Africa (MENA) to global oil and gas markets cannot be underestimated. These countries have vast resources, but these resources must be further developed. Investment should not be delayed,” said William C. Ramsay, deputy executive director of the Paris-based International Energy Agency, as he...
(EnergyAsia, November 14) — India’s oil companies are evaluating ethanol prices as they prepare to offer ethanol-blended gasoline in the states of Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu. According to the Economic Times, trader Nanded has emerged as the lowest bidder with an offer of Rs18.8 a litre compared with the tender prices...
(EnergyAsia, November 14) — Greenpeace has released a report by a leading Philippine meteorologist that climate change will deepen the misery of Asians unless measures are taken to drastically cut the use of fossil fuels such as coal. “Climate change will aggravate the misery of an already over-burdened Filipino community,” said Leoncio Amadore, one of the...
(EnergyAsia, November 14) — Chiyoda Corporation, Japan’s leading engineering and construction firm, said its financial performance for the first half of the fiscal year ending March 31, 2006 has exceeded forecasts. Its consolidated operating profit rose 72.9% from the first half of the previous fiscal year to 8,218 million yen on a net sales...
(EnergyAsia, November 14) — India’s diversified Emami Group is in talks with various state governments to set up jatropha plantations as it seeks to enter the fast-growing biofuels industry. An Emami director, Aditya Agarwal, told Infoline that it could invest around Rs2,500 million on a 100,000-ton biodiesel plant. (US$1 = Rs45). He said he...