(EnergyAsia, August 22) — Malaysian engineering company Dialog Group Berhad said its wholly owned subsidiary, Dialog Systems Pte Ltd, has decided not convert a letter of intent for the construction of an oil storage facility in Singapore into a contract. Dialog said it was unable to resolve “a number of contractual terms, especially in...
(EnergyAsia, August 22) — Three unidentified consulting firms from the US, France and Sweden are vying to assist state-owned Engineers India Ltd (EIL) as advisers to the newly-established Indian Strategic Petroleum Reserves Ltd (ISPRL). According to local media reports, EIL and other state agencies have met to discuss the proposals submitted by the three...
(EnergyAsia, August 22) — China Natural Gas Inc (CNGI), the first China-based natural gas public company traded in the US capital market, said it has signed a five-year contract with Zhengzhou Zhongyou Oil & Gas Co Ltd, a subsidiary of Sinochem, China’s largest chemical company, to supply 350,000 cubic meters of compressed natural gas per...
(EnergyAsia, August 22) — Bangladesh’s northern district is preparing for a fuel shortage after state Bangladesh Petroleum Corporation (BPC) warned that 14 of its fuel depots including the 38.2-million-litre Baghabari terminal will soon run out of diesel. The company’s northern control room said a small cargo of 4.7 million litres of diesel is expected...
(EnergyAsia, August 22) — US energy major Chevron Corp said its Australian subsidiary has successfully bid for the rights to a deepwater exploration permit with gas potential off the coast of Western Australia state. Chevron Australia Pty Ltd will be the operator and will hold a 50% interest, with Shell Development (Australia) Pty Ltd holding...
(EnergyAsia, August 21) — Local officials representing the Philippines’ Laguna Lake Development Authority (LLDA) last month signed Emission Reductions Purchase Agreements (ERPA) with two funds to support the efforts of local government units in reducing greenhouse gas emissions under the Kyoto Protocol and the Clean Development Mechanism. The Biocarbon Fund and the Community Development...
(EnergyAsia, August 21) — Australia’s Federal Resources Minister, Ian Macfarlane, has unveiled a A$135 million energy security package to provide new impetus for exploration activity across the country. (US$1=A$1.35). The package will provide Geoscience Australia with the resources to supply the information necessary for companies to consider exploration reconnaissance. “The package will spur...
(EnergyAsia, August 21) — The builder of a pioneering large ethanol distillery complex on Negros island will receive full fiscal and non-fiscal incentives from the Philippines government. San Carlos Bio-Energy Inc will enjoy a six-year income tax holiday for building the P2.281-billion plant designed to specially produce 100,000 litres of ethanol per day. Ethanol is...
(EnergyAsia, August 21) — Singapore-listed Rotary Engineering Limited said its first half net profit jumped 395% to S$16 million over the same period last year. (US$1=S$1.58). Earnings per share (EPS) rose to 4 cents from 0.8 cents in June 2005. Group turnover for the first six months of 2006 stood at S$202 million, an...
(EnergyAsia, August 21) — Halliburton said its fluid systems division has been awarded a four-year contract worth US$50 million to provide cementing services for upstream company Total E&P Indonesie for its work offshore Balikpapan town in Indonesia’s East Kalimantan. Total E&P Indonesie is a unit of the French energy major Total. “This contract is...
(EnergyAsia, August 21) — State oil company Pertamina said Indonesia has sufficient oil product stockpile, and blames hoarding and distribution problems for causing the country’s increasing fuel supply shortages. Indonesia currently holds 22.4 days of fuel stockpile, compared to 90 days in most developed countries. Pertamina President Ari Hernanto Soemarno has defended the current...
(EnergyAsia, August 21) — Two Malaysian plantation groups have announced plans to build biodiesel refineries in the newly established 480ha biofuels park in Johor state to the north of Singapore. The park, currently served by two ports, sited within the industrial estates of Pasir Gudang and Tanjung Langsat. Another six companies are expected to...
(EnergyAsia, August 21) — SulphCo(R) Inc of Nevada, US has released its second interim progress report on its 210,000 barrels per day crude oil refinery plant in the UAE. The board of Fujairah Oil Technology Inc (FOT), the joint venture between SulphCo(R) Inc and Fujairah’s state-owned Trans Gulf Petroleum, met in London, England earlier this...
(EnergyAsia, August 21) — India’s Essar Group has created a new subsidiary, Essar Shipping and Logistics Limited (ESLL), in Cyprus to operate its global businesses in shipping, terminalling and oil logistics. The new company will be part of Essar Global Limited (EGL) which has investment interests in infrastructure, telecommunications, technology, and industrial construction and engineering...
(EnergyAsia, August 21) — Indianoil Petronas Pvt Ltd (IPPL), a joint venture between the state oil companies of India and Malaysia, will be building a 600,000-tonnes liquefied petroleum gas storage terminal at Chennai port. The Rs3 billion project will handle LPG supply from Malaysia’s Petronas as well as offer terminalling and storage services to India’s...
(EnergyAsia, August 18) — Dutch logistics firm Royal Vopak has announced two expansion projects in Asia. The company acquired an 80% interest in a chemical terminal near Ho Chih Minh City in n Vietnam to serve the country’s growing chemicals trade. Vopak said it is adding 216,000 cubic metres of fuel oil storage capacity...
(EnergyAsia, August 18) — Upstream company Lundin Petroleum AB said it and partners Pearl Energy (operator) and Serica Energy have been conditionally awarded an interest in Block 06/94 in the Nam Con Son Basin, off the coast of southern Vietnam. The three companies are equal share holders in the block. Completion of the transaction is...
(EnergyAsia, August 18) — Taiwan’s state-run Chinese Petroleum Corp (CPC) is in ‘desperate’ need to find fresh liquefied natural gas (LNG) supply from abroad, according to the United Daily News. The company needs fuel for the Ta Tan Power plant, which was launched last year and needs about one million tonne/year of LNG. ...
(EnergyAsia, August 18) — Hong Kong’s sole gas supplier, Hong Kong and China Gas Company Ltd Ð known at Towngas – has agreed to invest HK$780 million in a joint venture coal gasification project in northern China. (US$1=HK$7.8). The plant will be built in Shanxi province. Towngas said it already signed agreements to build...
(EnergyAsia, August 18) — China’s powerful National Development and Reform Commission (NDRC) has told local governments to tighten control of new coal liquefaction projects to ensure that only large, world-scale units are being built. Such projects require lots of water and assert negative environmental impacts. Last month, the agency said it will no...
(EnergyAsia, August 18) — The ADB said it is providing a US$75 million loan to promote clean, indigenous energy in Indonesia by assisting in the construction of a 661-km natural gas pipeline from South Sumatra to West Java. In addition to a direct loan without government guarantee to the Indonesian energy firm PT Perusahaan Gas...
(EnergyAsia, August 18) — China’s CNOOC Limited said its parent company, China National Offshore Oil Corporation (CNOOC), will team up with Husky Oil China Limited to explore the deepwater areas off the coast of China. Husky is a subsidiary of Canada’s Husky Energy. The two sides have signed a Production Sharing Contract (PSC)...
(EnergyAsia, August 17) — The funding boost for Geoscience Australia announced earlier by the government has been strongly endorsed by the Australian Petroleum Production & Exploration Association (APPEA). “The decision to extend the existing program for a further five years with an underlying expenditure commitment of A$76 million provides both Geoscience Australia and industry...
(EnergyAsia, August 18) — India’s Powergird said it has bagged three consultancy assignments in Afghanistan funded by the World Bank and Asian Development Board (ADB). The assignments are with the Ministry of Energy and Water, government of Afghanistan and the ADB. It will procure and install equipment for a 220kV transmission line from Kabul to...
(EnergyAsia, August 18) — Keppel Integrated Engineering (KIE), the environmental technology and engineering division of Singapore’s Keppel Corpn Ltd, said it has secured a S$13.5 million contract from Tianjin Taihuan Recycling Resources Utilzation Co. Ltd to provide technologies and services for its waste-to-energy (WTE) plant. KIE will supply, install and commission its air-cooled grate and...