(EnergyAsia, May 3) — One of Malaysia’s largest plantation owners wants the government to provide subsidies for the country’s emerging biodiesel sector. Golden Hope Planatations Berhad is Malaysia’s leading biodiesel company with plans to build several plants to supply the fuel to domestic and export markets. CEO Sabri Ahmad is leading the calls among...
(EnergyAsia, May 2) — The Singapore Exchange (SGX) said it has signed an agreement with US energy pricing agency Platts who will provide the benchmark quotes for use as the final settlement prices for oil derivatives contracts. The OTC clearing facility will be launched by Lim Hwee Hua, Singapore’s Minister of State for Finance and...
(EnergyAsia, May 2) —The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) have launched a new report urging immediate action to “green” the Asia-Pacific’s economic growth patterns as the current rate of regional growth is unsustainable. The ‘State of the Environment in Asia and the Pacific 2005’ report — the...
(EnergyAsia, May 2) — China’s CNOOC Limited said its first quarter revenue surged 45.1% to RMB 16.66 billion while its net daily oil and gas production grew 9.5% to 450,463 barrels of oil equivalent (BOE). (US$1=RMB8). The company said its crude oil and liquids production reached 383,519 barrels per day while gas output hit...
(EnergyAsia, May 2) — Singapore-listed Noble Group Limited, a global supply chain manager of agricultural, industrial and energy products, said it has financially closed on its agreement to purchase an integrated soybean crushing and refining plant in the port of Qinzhou, Guangxi Autonomous Region, China, from Siping Hongzui Grease Limited. The plant will supply soybeanmeal...
(EnergyAsia, May 2) — China’s Guangdong province could see a repeat of last summer’s fuel shortages, long queues and price gouging amid reports of depleting fuel supplies. As world oil prices continue to stay above US$70 a barrel, traders may have begun hoarding gasoline and diesel supplies, leading to shortages appearing in parts of...
(EnergyAsia, May 2) — MayBan Securities said the Bursa Malaysia Plantation Index has risen 36.3% to 3,190.84 last week from year-ago levels in anticipation of higher palm oil demand as a biodiesel feedstock. The crude palm oil (CPO) spot price has been volatile since hitting a new high for the year in February 2005,...
(EnergyAsia, May 2) — These are not just the best and worst of times, they are also the strangest in living memory. The price of oil and other vital commodities are either at record or multi-decade highs but there seems to be no widespread fear as yet of an oil or commodity shock. As New...
(EnergyAsia, May 2) — Gene Wusaty, President of the Coal Division of Ivanhoe Mines Ltd and David Owens, President of Asia Gold Corp, have jointly announced that the two companies have reached an agreement in principle for Asia Gold to acquire Ivanhoe Mines’ Coal Division in exchange for 82,576,383 common shares of Asia Gold. ...
(EnergyAsia, May 2) — Scotland’s Craig Group said its International Mooring Systems (IMS) division has opened an office in Singapore under regional manager Barry Silver. The Aberdeen-based company specialises in selling and renting mooring systems and equipment to rig owners, operators and offshore installation contractors serving the upstream oil and gas sector. IMS has reported...
(EnergyAsia, May 2) — Malaysia LNG Sdn Bhd (MLNG), a subsidiary of state energy company Petronas, said it has signed a Sale and Purchase Agreement (SPA) to supply Japan’s Chubu Electric Power Co Inc 540,000 metric tonnes per annum of liquefied natural gas (LNG) for 20 years from 2011. The LNG will be supplied...
Today is a public holiday. There is no publication....