INDIA: Six MOUs signed with Korea on energy cooperation

(EnergyAsia, December 28) — India and South Korea have sealed an umbrella deal to cooperate in energy projects, the Indian government said in a statement.             The deal includes collaboration on hydrogen, compressed natural gas (CNG), and fuel cell technologies. Also, the two countries will look at cooperating in the construction of underground liquefied petroleum...

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SOLAR: India’s Mysore state to embark on solar power project

(EnergyAsia, December 28) — India’s Mysore state government is set to launch a solar-based energy project, DH News Service Mysore reported.             The project will be launched this month and is initially focused on a cluster of three villages, with the aim of encouraging the use of renewable energy sources. The villages face frequent power...

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INDIA: IndianOil Corp raised US$300 million in foreign currency loan

(EnergyAsia, December 28) — Indian Oil Corporation Ltd said it has succeeded in raising US$300 million in foreign currency loan comprising US$250 million as syndicated loan with a green shoe option of US$50 million   Finance director S.V. Narasimhan signed the agreement for the syndicated term loan facility in Singapore that was arranged by BNP...

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CHINA: Beijing names 580 unsafe coal mines, closure could follow

(EnergyAsia, December 28) — The Chinese authorities have cancelled the safety certificates of 580 coal mines after finding them to have violated safety standards, China Daily reported. The mines could be closed if they are unable to improve safety standards and practices.   The government’s action is deemed insufficient by safety experts as China continues...

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SINGAPORE: Honeywell accredited as energy savings company

(EnergyAsia, December 28) — Honeywell has won accreditation as an energy savings company (ESCO) in Singapore under a scheme jointly developed by the National Environment Agency (NEA), the Economic Development Board (EDB) and the Energy & Sustainability Unit of the National University of Singapore.   Jeffrey Cha, regional general manager of Honeywell Building Solutions, announced...

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CHINA: West-East gas pipeline project selects Nortel’s IP network solution for wired, wireless IP vo

(EnergyAsia, December 27) — China’s landmark West-East gas pipeline project has selected an IP-based converged networking solution from Canada’a Nortel to power high quality voice and multimedia communications, both wired and wireless, along its 4,200-km route.   Operated by PetroChina Company Limited, a subsidiary of the state-owned China National Petroleum Corporation, the pipeline is the...

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JAPAN: MHI and Shell sign agreement in CO2 business study and promotion of enhanced oil recovery usi

(EnergyAsia, December 27) — Japan’s Mitsubishi Heavy Industries Ltd (MHI) and Shell EP International Limited, a company of the Shell Group, recently entered into a comprehensive strategic alliance to cooperate in the feasibility study and promotion of CO2 capture from industrial plants linked to Enhanced Oil Recovery (EOR) projects in the Middle East with the...

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CHINA: Private investment in oil storage encouraged

(EnergyAsia, December 29) — The Chinese government is encouraging greater competition and private investment in the country’s fast growing oil storage sector as part of its strategy to enhance energy supply security. Beijing recently approved the application of two companies to expand their oil storage and logistics businesses.   Zhangjiakou United Petrochemical Co Ltd, which...

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KAZAKHSTAN: Foster Wheeler awarded detailed feasibility contract

(EnergyAsia, December 27) — Foster Wheeler Ltd said its Italian subsidiary Foster Wheeler Italiana S.p.A. has been awarded a contract by KazMunaiGas Exploration and Production (KMG EP) for a detailed feasibility study for a new petrochemical complex and related facilities to be built in several locations in Western Kazakhstan. KMG EP is the state-owned oil...

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BIOFUELS: Fleet of 3,000 public vehicles in Australin state to use biofuels

(EnergyAsia, December 27) — Australia’s New South Wales state plans to operate its public fleet of more than 3,000 vehicles on biofuels when the current fuel contract ends in mid-2006, according to the Sydney Morning Herald.   Local businesses anticipate there will be opportunities to build ethanol plants in rural NSW.   Premier Morris lemma...

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CHINA: First dialogue held with OPEC

(EnergyAsia, December 27) — China and the Organisation of the Petroleum Exporting Countries (OPEC) last week concluded their first Energy Dialogue in Beijing.   The visiting delegation was led by Sheikh Ahmad Fahad Al-Ahmad Al-Sabah, the OPEC President and Secretary General, who met with Ma Kai, chairman of China’s National Development and Reform Commission, and...

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PEOPLE: Placid Rodriguez elected president of Indian Nuclear Society

(EnergyAsia, December 27) — Placid Rodriguez, the former director of the Indira Gandhi Centre for Atomic Research (IGCAR), was recently elected president of the Indian Nuclear Society for a two-year term from 2005 to 2007 at its recent annual meeting in Mumbai.   Mr Rodriguez succeeded R. Chidambaram, the former chairman of the Atomic Energy...

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AUSTRALIA: Clough Engineering awarded A$100 milion jetty expansion contract

(EnergyAsia, December 27) — Australian engineering firm Clough Limited said it and joint venture partner Interbeton have received a letter of intent from Woodside Energy Ltd, operator of the North West Shelf Venture, to build a second LNG loading berth at its Karratha onshore gas plant in the Pilbara region of Western Australia.   The...

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INDONESIA: Oiltanking, Vopak making progress on oil storage projects

(EnergyAsia, December 26) — After years of trying, the world’s two leading oil storage companies are making progress in their plans to set up operations in Indonesia.   The Singapore unit of Germany’s Oiltanking is expected to begin construction of a 300,000-ton storage facility in Cilegon near Jakarta this month, according to ANTARA news service...

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QATAR: ConocoPhillips and Qatar Petroleum launch Qatargas 3 project

(EnergyAsia, December 27) — ConocoPhillips and Qatar Petroleum last week awarded the onshore Engineering, Procurement and Construction (EPC) contract for the Qatargas 3 liquefied natural gas (LNG) project to the Chiyoda Corporation and Technip France Joint Venture (CTJV). The project will be located at Ras Laffan Industrial City.    The award coincided with the final...

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AUSTRALIA: BHP Billiton announces Knotty Head oil discovery in Gulf of Mexico

(EnergyAsia, December 23) — Australian upstream company BHP Billiton has announced an oil discovery at the Knotty Head exploration well located in Green Canyon Block 512, approximately 170 miles southeast of New Orleans in the Gulf of Mexico.   Knotty Head is believed to be the deepest hydrocarbon discovery to date in the Gulf of...

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INDIA: Canada India Business Council to work on environmental, clean energy projects

(EnergyAsia, December 23) — India and Canada are looking to step up cooperation in developing environmental and clean energy projects.   A Canada-India Business Council delegation led by executive director Kam Rathee visited New Delhi and met with their counterparts at the Confederation of Indian Industries last week.   In 1996, the Indian and Canadian...

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CHINA: Shenzhen company to build 600,000-cubic metre oil storage tank in Yantian Port

(Energy Asia, December 23) — Shenzhen Guanghui Oil Group Holding Co Ltd, one of China’s largest private oil companies, said it will build a 600,000-cubic metre crude oil tank in Shenzhen’s Yantian Port in Guangdong Province.   When completed at the end of 2006, Shenzhen Guanghui will have an oil warehousing capacity of one million...

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PEOPLE: Singapore’s China Aviation Oil fires three managers over oil derivatives trading scandal

(EnergyAsia, December 23) — China Aviation Oil (Singapore) Corporation Limited said it has fired three senior managers for their roles in the company losing more than US$550 million in oil derivatives trades last year. A fourth has resigned while CEO Chen Jiulin, who has been suspended, faces trial over 15 counts of cheating and forgery...

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KUWAIT: Technip signs contract for a major ethylene plant

(EnergyAsia, December 23) — French engineering firm Technip said it has signed a contract for the construction of an ethylene plant at The Kuwait Olefins Company’s (TKOC) new Olefins-2 Petrochemical Complex in Shuaiba, Kuwait. The contract covers the detail engineering, procurement and supply of equipment and materials, construction and pre-commissioning and follows the signing in...

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QATAR: Technip-Chiyoda JV sign new contract for two LNG trains

(EnergyAsia, December 23) — France’s Technip and Japan’s Chiyoda Engineering have signed with Qatar Liquefied Gas Company Limited 3 (Qatargas 3) and the sponsors of the Qatargas 4 Project a contract to build two of the world’s largest liquefied natural gas (LNG) trains.   This US$4 billion contract will be executed by a joint venture...

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SINGAPORE: Malaysian engineering firm Dialog secures major fuel storage construction project

(EnergyAsia, December 23) — Malaysian engineering firm Dialog Group Bhd said it has received a letter of intent (LOI) for a US$75 million contract for the construction of a fuel oil storage terminal at Meranti LogisPark on Jurong Island in Singapore.   Dialog said its wholly-owned subsidiary, Dialog Systems Pte Ltd (DSPL), received the letter...

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COMPANY: Law firm Holman Fenwick & Willan opens new office in Melbourne, Australia

(EnergyAsia, December 23) — The law firm of Holman Fenwick & Willan (HFW) which has a large energy and commodities practice has announced it will open an office in Melbourne, Australia in the first quarter of 2006.   The Transport & Trade Groups of the Melbourne offices of leading Australian firms Middletons, and Blake Dawson...

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MARKETS: IMF comments on OPEC’s petrodollars

(EnergyAsia, December 23) — The following article was written by Mohsin S. Khan, Director of the Middle East and Central Asia Department for the International Monetary Fund.   “Sharply rising oil prices over the last three years have produced enormous increases in export earnings for oil-producing countries in the Middle East. With these receipts running...

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