CHINA: Singapore Petroleum Company expands presence in Guangdong with new subsidiary

(EnergyAsia, October 19) — Singapore Petroleum Company Limited (SPC) said it has incorporated a new subsidiary, Singapore Petroleum Guangdong Pte Ltd in the Chinese province of Guangdong. SP Guangdong was incorporated with a registered capital of Rmb17 million as a wholly-owned subsidiary of Singapore Petroleum Venture Pte Ltd (SPV), which in turn is a wholly-owned...

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COMPANIES: Chevron Energy Solutions to prepare proposal to develop high-efficiency ethanol plants fo

(EnergyAsia, October 19) — Chevron Energy Solutions (CES), a Chevron Corp subsidiary that develops energy efficiency and alternative energy projects, said it will conduct preliminary work to prepare a proposal for the development of highly efficient ethanol production plants for Ethanex Energy Inc, a renewable energy company engaged in low-cost ethanol production.   CES will...

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QATAR: Qatar Petroleum and ExxonMobil Chemical sign agreement for petrochemical complex

(EnergyAsia, October 19) — Qatar Petroleum and ExxonMobil Chemical Qatar Limited, a subsidiary of Exxon Mobil Corporation, said they have signed a Heads of Agreement (HOA) to progress studies for a proposed $3 billion world-scale petrochemical complex in Ras Laffan Industrial City, Qatar. The announcement was made by Abdullah Bin Hamad Al-Attiyah, Qatar Second Deputy...

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CHINA: Call for co-operation with Japan and other energy users

(EnergyAsia, October 19) — China and Japan want other energy consuming countries in Asia to co-operate to boost their bargaining power vis-ˆ-vis suppliers and enhance their energy security.   The two countries have held high-level talks and are now seeking out other major consumer countries Ð India, South Korea and even the US Ð to...

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SINGAPORE: Keppel clinches S$210 million conversion and newbuilding contracts

(EnergyAsia, October 19) — Singapore’s Keppel Offshore & Marine Limited has secured contracts worth a total of S$210 million to carry out the conversion of two floating production storage and offloading (FPSO) facilities and the construction of five Anchor Handling Tug/Supply (AHTS) vessels. (US$1=S$1.57).   Nelson Yeo, executive director of Keppel Shipyard, a wholly-owned subsidiary...

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ASIA: United Nations Development Program (UNDP) and France’s Total sign cooperation agreement

(EnergyAsia, October 19) — Elizabeth Fong, manager of UNDP’s regional center in Bangkok (RCB), and Bruno Weymuller, member of Total’s executive committee (France) and President, Strategy and Risk Assessment, have signed a three-year, renewable cooperation agreement covering joint actions in the Asia-Pacific region, where both organisations have a strong presence.   This is the first...

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SOLAR: Cost of PV power seen declining sharply

(EnergyAsia, October 18) — The cost of solar-generated power is expected to drop sharply by the end of this decade on a combination of improving technology, rising world demand and the entry of mass producers of photovoltaic (PV) panels and solar cells.   Global semiconductor equipment firm Applied Materials is the latest entrant into the...

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INDIA: Maharashtra state to cut oil taxes to placate retailers

(EnergyAsia, October 18) — India’s Maharashtra state has agreed to cut the sales taxes on gasoline and diesel, said to be among the country’s highest, to prevent another disruptive strike by oil companies and retailers.   Bowing to weeks of pressure, Maharashtra chief minister Vilasrao Deshmukh said he would reduce the fuel sales tax after...

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RUSSIA: Foster Wheeler awarded delayed coker contract for new oil refining-petrochemical complex

(EnergyAsia, October 18) — Foster Wheeler Ltd said subsidiary Foster Wheeler USA Corp has been awarded a contract by CJSC Nizhnekamsk Refinery to provide a process design package for its Selective Yield Delayed Coking (SYDEC(SM)) process. The coker will be part of a new integrated refining and petrochemical grassroots complex to be constructed at Nizhnekamsk...

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BIOFUELS: More forest fires ahead as indonesia steps up investment in fuel crops

(EnergyAsia, October 18) — Southeast Asia’s annual dose of severe air pollution caused by massive forest fires in Indonesia could worsen in the coming year. Ironically, the region’s search for clean fuels will be largely responsible for the region’s growing air pollution problems brought on by farmers and plantation groups razing down rainforests in Indonesia...

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AUSTRALIA: Santos challenges QGC to provide valuation

(EnergyAsia, October 18) — Australian upstream company Santos has challenged Queensland Gas Company (QGC) to provide relevant and credible valuation benchmarks to support QGC’s claims that Santos’ offer price of $1.26 undervalues the company and that it is “opportunistic and patently inadequate”.   QGC reportedly may not appoint an independent valuer to assess Santos’ offer....

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SRI LANKA: China to lend US$300 million to develop coal power plant

(EnergyAsia, October 18) — The Chinese government has agreed to lend the Sri Lankan government US$300 million to build a coal power plant in Norochcholai. The two sides signed a loan agreement last month covering the bulk of the project’s cost which is estimated at $455 million.   The project, comprising three 300 MW generators,...

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CHINA: CNOOC secures LNG supply from Indonesia

(EnergyAsia, October 18) — China National Offshore Oil Corp (CNOOC) has secured a long-term agreement for liquefied natural gas (LNG) supplies from Indonesia’s Tangguh field.   The LNG, the first under contract between Indonesia and China, will feed CNOOC’s upcoming terminal in the eastern province of Fujian. CNOOC will receive 2.6 million tonne/year of LNG...

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PEOPLE: IndianOil Corp names B. N. Bankapur as director for refineries

(EnergyAsia, October 18) — State-owned IndianOil Corp has named B.N. Bankapur as refineries director, succeeding Jaspal Singh who has retired. Mr Bankapur was previously an executive director for operations in the refineries division.   A chemical engineer from the University of Mysore, Mr Bankapur started his career with IndianOil more than 30 years ago. He...

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INDIA: SolFocus signs clean technology manufacturing and distribution agreement with Moser Baer

(EnergyAsia, October 18) — SolFocus Inc, a provider of solar concentrator photovoltaic (CPV) systems, has announced the signing of a major manufacturing and distribution agreement with Moser Baer India Ltd of New Delhi, India. Moser Baer (MBI) will become a volume manufacturer of SolFocus CPV products and the exclusive distributor of SolFocus’ CPV panels in...

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ASIA: Eight Central Asian countries to step up regional cooperation

(EnergyAsia, October 18) — The eight countries participating in the Central Asia Regional Economic Cooperation (CAREC) programme are expected to take a major step forward in broadening and deepening the program at a meeting in China this week. The 5th Ministerial Conference on CAREC opens today in Urumqi city in China’s Xinjiang Uygur Autonomous Region....

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RUSSIA: TENEX, Japan’s Mitsui to conduct joint study on one of world’s largest uranium deposits

(EnergyAsia, October 17) — Japan’s Mitsui & Co Ltd said it and Russian state company TECHSNABEXPORT or TENEX have signed an agreement to carry out a joint feasibility study on an undeveloped uranium deposit at the Yuzhnaya site in the Aldan district of Russia’s Sakha Republic. They have also agreed that Mitsui will obtain the exclusive right to negotiate with TENEX on...

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OMAN: Oil output, exports declined

(EnergyAsia, October 17) — Oman said its crude oil output and exports fell for the first seven months of this year.   Its production fell 3.5% to 158,400 million barrels while exports slumped by 6.2% to 141.7 million barrels compared with 151.3 million barrels for the same period last year.   China was Oman’s leading...

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INDIA: Cairn updates on IPO plan

(EnergyAsia, October 17) — On September 5, UK’s Cairn Energy plc had announced that significant progress had been made in connection with the preparations for the flotation of its Indian business, Cairn India Limited, on the Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE).   As stated in that announcement,...

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AUSTRALIA: Western state Premier officially unveils 15% LNG reservation policy for local use

(EnergyAsia, October 17) — Western Australia state has officially released its domestic gas reservation policy, with the controversial policy centrepiece being to allocate 15% of future natural gas output for domestic use.   Premier Alan Carpenter said the allocation is necessary to ensure Western Australia’s long-term energy supplies.   He said the 15% figure reflected...

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ASIA: Policy priorities set for APEC Mining and Energy Ministers for 2007

(EnergyAsia, October 17) — The objectives for the 2007 meetings of the Asia Pacific Energy Cooperation Energy Ministers and Mining Ministers have been established by the recent meeting of the APEC Energy Working Group (EWG) on the Russian island of Yuzhno-Sakhalinsk.   The EWG meeting was also attended by representative of the International Energy Agency...

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NEW ZEALAND: Possible LNG site about preserving future options

(EnergyAsia, October 17) — Two New Zealand companies, Genesis Energy and Contact Energy Limited, have jointly announced the selection of Port Taranaki as the preferred site for a LNG import terminal that would help boost the country’s energy security.   Contact CEO David Baldwin and Genesis Energy CEO Murray Jackson said that while the resource...

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NEW ZEALAND: Austral Pacific Energy to acquire Arrowhead Energy

(EnergyAsia, October 17) — New Zealand’s Austral Pacific Energy Ltd said it has signed a heads of agreement to acquire all the shares of privately held oil and gas exploration and production company for Arrowhead Energy Limited for NZ$17 million (US$11 million).   New Zealand-based Arrowhead’s principal assets include a 33% interest in the Cheal...

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MIDDLE EAST: IMF sees ‘positive’ near-term economic outlook, calls for policies to ‘strengthen resil

(EnergyAsia, October 17) — The International Monetary Fund (IMF) has released its Middle East and Central Asia Regional Economic Outlook (REO) for September 2006.   According to Mohsin Khan, the director for the IMF’s Middle East and Central Asia Department, the economic outlook for the Middle East and Central Asia region remains strong, despite security...

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MARKETS: Not The End Of Oil, But Cheap Oil

(EnergyAsia, October 17) — Is the world running out of oil and energy resources? Absolutely not! There’s plenty of hydrocarbon beneath the seabeds, in the mountains and deep inside the earth’s core. Not just oil, but also natural gas, coal, coalbed methane, oil shale, uranium and a lot of other resources that could be turned...

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