(Energy Asia, January 4) — India’s first biodiesel fuel, extracted from karanja seeds, was recently commercially launched in Pune by Maharashtra Energy Development Agency (MEDA)’s director general Anil Diggikar. According to the Indian Express, Pune-based Mint Biofuels, a subsidiary of Minilec and Intec group which produced and marketed the fuel said it chose karanja...
(EnergyAsia, January 4) — BP said it and Iranian Oil Company UK Limited (IOC UK Ltd) will jointly produce and export natural gas from the Rhum field, the UK’s largest undeveloped gas discovery, 400 km north-east of Aberdeen. The £350 million Rhum development is a subsea tieback to the BP-operated Bruce field and is...
(EnergyAsia, January 3) — Japan’s Honda Motor Co Ltd said that it plans to start mass producing from next year an independently developed thin film solar cell composed of non-silicon compound materials that requires 50% less energy, and thus generate 50% less CO2 in the production process compared to a conventional solar cell. A mass...
(EnergyAsia, January 3) — One of Thailand’s porrest provinces, Mae Hong Son, will soon launch a solar home system project to provide solar-cell power to thousands of rural households in a mountainous region that would otherwise have no access to electricity, according to The Nation newspaper. The Provincial Electricity Authority and the local administration...
(Energy Asia, January 3) — Malaysia plans to capture 10% of the world biodiesel market to follow through on its decision to invest RM120 million in three joint-venture biodiesel plants to realise that aim. (US$1 = RM3.77). World demand for biodiesel is expected to reach 10.5 million tonnes within the next few years. The...
(EnergyAsia, January 3) — Singapore’s oil trader and bunker supplier Global Energy has bought five bunker vessels from Singapore Shipping Corp for US$19 million. The deal, which marks SSC’s exit from the bunker trading business and allow it to focus on vessel ownership, is expected to be completed on March 15. Subsidiary South Eastern...
(EnergyAsia, January 3) — Singapore’s Ezra Holdings Limited said its wholly-owned subsidiary HCM Logistics Limited has concluded a sale and purchase agreement to acquire a 30% stake in Uni-Bulk Holdings Pte Ltd from Eastern Bulk Limited for S$14.4 million. (US$1=S$1.67). Uni-Bulk is a marine support company specialising in the provision of marine solutions. This...
(EnergyAsia, January 2) — Aggreko plc, a global leader in the rental of power and temperature control solutions, recently completed a contract with Hyundai Heavy Industries (HHI) to supply a 12 MVA load bank package and a 4 MW temporary power package during commissioning and transportation of Angola’s Kizomba B Floating Production Storage and Offshore...
(EnergyAsia, January 3) — Australian upstream company Carnarvon Petroleum Ltd said it has named Ted Jacobson, a non-executive director, its CEO. Mr Jacobson is a petroleum geophysicist with 35 years experience in petroleum exploration in the North Sea, South East Asia, South America and Australia. In Australia, he has been responsible for initiating a...
(EnergyAsia, January 3) — Rising oil prices have led South Korea to spend more than US$40 billion on oil imports last year, said the country’s central bank. The Bank of Korea said that higher insurance and shipping costs helped the country’s oil import bill rise more than 40% over 2004. Oil accounted for around...
(EnergyAsia, January 3) — South Korea’s SK Group and Indonesian state energy company PT Pertamina will jointly build a lube base oil refinery in Dumai on the Indonesian island of Riau next year, said a Pertamina executive. Djaelani Sutomo, general manager of Pertamina’s lube base division, told Antara news agency that the two sides...
(EnergyAsia, January 2) — Thailand’s oil and gas demand, excluding feedstock for petrochemicals production, rose by 3.2% for the first 10 months of 2005 to 1,164,300 barrels per day (b/d). According to Sarun Rungkasiri, vice president of PTT Public Company Ltd’s public relations department, Thailand’s consumption of refined oil products rose 1.6% to 722,700...