(EnergyAsia, July 3) — Caltex Australia said it has completed and started up its Lytton Refinery’s clean fuels processing units. The company said the A$250 million unit will help cut air pollution by reducing benzene in gasoline and sulphur in diesel in 2006 to standards required by the Australian government. (US$1=A$1.36). At a ceremony...
(EnergyAsia, July 3) — Australian upstream company Roc Oil said it has agreed to acquire a 24.5% operated interest in the Zhao Dong Block in China’s Bohai Bay for US$260 million in cash. The acquisition will be made via the purchase of the entire shares of Apache China Corporation LDC (ACC) a wholly owned subsidiary...
(EnergyAsia, July 3) — French company AREVA has announced the opening of two new factories in Xiamen city in China. Representing a combined investment of 10 million Euros and 75 employees, AREVA said the facilities highlight its long-term commitment to modernising China’s power grid and providing solutions to ensure a reliable flow of energy...
(EnergyAsia, July 3) — Malaysian state energy firm Petronas said its FY2006 net profit jumped 23% to US$11.6 billion on the back of high crude oil prices and strong demand. Revenue also rose by 23% to a record of $44.3 billion. The company said that less than a quarter of its revenue came from...
(EnergyAsia, July 3) — Engineering firm Foster Wheeler Ltd said its subsidiary, Foster Wheeler USA Corporation, has been won a contract for a new eight-drum delayed coking unit to be installed as part of the export refinery project at the Reliance Petroleum Limited (RPL) refinery in Jamnagar in India’s Gujarat state. The site is home...
(EnergyAsia, July 3) — China raised the retail prices of electricity by an average of 2.49 cent (0.31 US cents) per kwh last Friday, the first raise in more than a year as it sought to compensate power producers for higher coal costs. According to Xinhua news agency, the National Development and Reform Commission said...
(EnergyAsia, July 3) — China’s imports of crude oil rose by an estimated 19% in May as refiners stepped up their operations, leading to higher demand for crude. For the first four months of the year, crude oil imports had risen 17.3% to 49.154 million tons. Over the same period, state refiners China Petroleum and...
(EnergyAsia, July 3) — US-based GT Equipment/GT Solar Technologies, a global leader in photovoltaic technologies and turnkey systems, has appointed Jeffrey J. Ford as head its Far East operations, including China. “Jeff Ford brings to GT a strong background of doing business in China over a period of 9 years. The Far East is a...