(EnergyAsia, August 7) — Engineering giant Foster Wheeler Ltd said its UK subsidiary, Foster Wheeler Energy Limited (FWEL), and its Singapore subsidiary, Foster Wheeler Asia Pacific Pte Ltd (FWAPPL), have been instructed by Shell Eastern Petroleum (Pte.) Ltd (SEPL) to proceed with the initial engineering, procurement and construction management (EPC) for a world-scale ethylene oxide/mono-ethylene...

(EnergyAsia, August 7) — Ormat Technologies Inc (NYSE: ORA) said a consortium consisting of its wholly-owned subsidiary, Ormat International, Inc, a unit of Medco Energi Internasional Tbk (Indonesia’s largest private oil and gas company), and Itochu Corp. of Japan, has been declared the winner of a tender issued by the Indonesian state-owned utility PT PLN...

(EnergyAsia, August 7) — The Asian Development Bank (ADB) has signed a $350 million loan to help develop the Tangguh liquefied natural gas (LNG) project in Irian Jaya Barat province in Indonesia. The loan is the bank’s first in a private sector oil and gas project in Indonesia. “ADB is committed to assisting in the...

(EnergyAsia, August 7) — The consortium of Mitsubishi Heavy Industries America Inc and Zachry Construction Corp, a major construction company in the US has received an engineering, procurement and construction contract for two LNG storage tanks from Sabine Pass LNG LP, a wholly owned subsidiary of Cheniere Energy Inc, a major US LNG terminal owner...

(EnergyAsia, August 4) — After years of famine, Singapore’s oil sector is once again a hive of construction activities as oil and petrochemical companies return to invest in large projects. Singapore’s last big wave of oil and petrochemical investments came in the early 1990s, heralding a period of rapid economic growth for the country.     ...

(EnergyAsia, August 7) — Amid the boom in the offshore oil and gas business, Singapore’s Ezra Holdings Limited said it is building a 300-ft accommodation work and crane barge boasts a helideck big enough to land a Sikorsky helicopter, a heavy lift pedestal crane and accommodate 300 workmen for US$8.85 million.             Ezra’s wholly owned...

(EnergyAsia, August 7) — Singapore-based PEARL Energy Limited, the wholly owned upstream subsidiary of UAE’s Aabar Petroleum Investments, has provided an update of its activities for the second-quarter. Aabar is listed on the Abu Dhabi Securities Market.             PEARL Energy reported an entitlement of 12,081 barrels of oil per day from its contract area of...

(EnergyAsia, August 4) — Amid the historic celebrations, there were loud complaints about a fire sale as the first liquefied natural gas cargo (LNG) from Australia’s North West Shelf (NWS) sailed into the newly opened Dapeng receiving terminal in China’s Guangdong province on June 28. Among those greeting the arrival of the Northwest Swan were...

(EnergyAsia, August 4) — The Chinese economy is far from cooling down as underlined by the latest set of oil import and consumption data.   According to the General Administration of Customs, China’s net import of crude oil rose 17.6% to 70.33 million tonne in the first half of 2006, while imports of refined oil...

(EnergyAsia, August 4) — D1 Oils plc, the UK-based global producer of biodiesel, has given an update of its agronomy and refining update for the second quarter ended June 30.   The company said it has planted or obtained the rights to offtake from plantings of a total of 68,210 hectares of jatropha worldwide. This...

(EnergyAsia, August 4) — Refined oil products have become India’s fastest growing export item, overtaking manufactured and primary goods in the last three years. Oil products accounted for 11.2% of India’s export revenue in the last fiscal year to March 31 2006, up from 5.5% in fiscal 2003.   India’s rise as a leading oil...

(EnergyAsia, August 4) — South Korea’s Doosan Heavy Industries & Construction and Siemens Power Generation (PG) have extended the cooperation agreement that they had signed in 1996 by another five years. According to the agreement, Doosan is to primarily install Siemens instrumentation and control (I&C) equipment in its projects all around the world. The extension...

(EnergyAsia, August 4) — Another Malaysian company, Plant Biofuels Corp Sdn Bhd (PBC), has announced plans to build a biodiesel plant. The company, previously known as Cergas Kenali Sdn Bhd, said it recently received approval from the Ministry of International Trade and Industry to build a RM100million plant to produce 100,000 tonnes of biodiesel and...

(EnergyAsia, August 4) — Weather concerns, compounding the impact of rising geopolitical tensions, provided strong support for crude and product prices despite seemingly bearish weekly oil statistics from the US Department of Energy on August 2.   According to commodities trader FIMAT, the data showed that a surge in product imports easily offset a steep...

(EnergyAsia, August 4) — Turkey’s Zorlu Energy Group has announced it plans to build a wind power plant in Pakistan. It recently signed a letter of intent with an unidentified Pakistani company to construct the plant.   According to Pakistan’s Alternative Energy Development Board (AEDB), the plant will be sited within the Gharo-Keti Bandar power...

(EnergyAsia, August 4) — The Qatar Fuel Company (Woqod) has raised the price of its liquefied petroleum gas for cooking by 50% from August 1.   A 12-kg cylinder now cost QR15 instead of QR10 and a 48kg cylinder QR55 instead of QR35. (US$1=QR 3.65). Most of these are used by households for cooking. Prices...

(EnergyAsia, August 4) — Thailand’s PTT Exploration and Production (PTTEP) Public Company Limited has reported a 100% subscription rate for a warrant offer for its management and staff to purchase the company’s common shares. The company said it offered 2.8 million specified holder name and non-transferable warrants for a period of five years starting from...

(EnergyAsia, August 3) — Austral Pacific Energy Ltd said that its PPL 235 joint venture is about to embark on studies designed to evaluate the options for commercialising its Douglas gas discovery in Papua New Guinea. Austral Pacific has a 35% interest in PPL 235, with Rift Oil holding the majority 65%.             The Douglas-1...

(EnergyAsia, August 3) — Fierce fighting in Lebanon and new attacks on Iraqi oil infrastructure have pushed oil prices back toward recent records and once again put the spotlight on politics and geopolitics as market drivers. According to US-based trader, Lebanon is of critical importance to energy markets not because any of the belligerents directly...

(EnergyAsia, August 3) — ExxonMobil Research and Engineering Co (EMRE) said that Korea’s SK Corp, the market leader in Group III lubes production and the largest refiner in Korea by capacity, has selected the US major’s industry-leading MSDW catalyst technology for its Ulsan, South Korea lube plant expansion. SK Corp made a decision to expand...

(EnergyAsia, August 3) — US-based WorldWater & Power Corp, a developer and marketer of proprietary high-power solar systems, said it has entered into a Letter of Intent (LOI) with ENTECH, Inc. of Keller, Texas to acquire the company subject the necessary due diligence and after obtaining appropriate financing. ENTECH, a private company formed in 1983,...

(EnergyAsia, August 3) — China-based Suntech Power Holdings Co Ltd, a world lading manufacturer of photovoltaic (PV) cells and modules, said it has entered into a definitive agreement to receive solar wafers from MEMC Electronic Materials Inc over a 10-year period. Suntech said the wafer supply is worth between $5 billion and $6 billion over...

(EnergyAsia, August 3) — Hong Kong-listed China Oilfield Services Limited (COSL) has released a set of operations statistics for the six months ended 30 June 2006.   The company operated for a total number of 2,224 days, down 54 days or 2.4%, compared with the same period last year. Operating days for jack-up rigs and...

(EnergyAsia, August 3) — Standard & Poor’s ratings services said it has affirmed its ‘A’ long-term debt rating on the senior secured Series A and Series B bonds, due 2020 and 2027, respectively, issued by Qatar-based Ras Laffan Liquefied Natural Gas Co. Ltd. (II) (RasGas II) and Ras Laffan Liquefied Natural Gas Co. Ltd. (3)...

(EnergyAsia, August 3) — Asian Development Bank (ADB) has signed a US$350 million loan to help develop the Tangguh Liquefied Natural Gas (LNG) project in Indonesia’s Irian Jaya Barat province.   “ADB is committed to assisting in the development of Indonesia’s energy-producing capabilities in line with international standards and best practices for environmental and social...