Energy News From Asia
(EnergyAsia, February 21) — Gulf Total Tractebel Power Company (GTTPC), a 20% subsidiary of SUEZ Energy International, said it will expand the capacity of its Taweelah A1 power and desalination plant, and refinance its existing debt. GTTPC is 60% owned by Gulf Power Company and 40% by Total Tractebel Emirates Power Company (Total SA 50%,...
(EnergyAsia, February 21) — Singapore’s Keppel Shipyard Limited said it is on course to deliver the Floating Production Storage and Offloading (FPSO) facility, Umuroa, to Prosafe Production (Prosafe) in March. Jacqueline Phillips, wife of Bruce Phillips, managing director of Australian Worldwide Exploration Limited, named the vessel at a ceremony held at Keppel Shipyard last...
(EnergyAsia, February 21) — Engineering giant Foster Wheeler Ltd said its subsidiary, Foster Wheeler Energy Limited has been awarded a front-end engineering design (FEED) and project management consultancy (PMC) services contract by Osos Petrochemicals Company for a planned new petrochemicals complex to produce polybutylene terephthalate at Yanbu in Saudi Arabia. In executing the FEED,...
(EnergyAsia, February 21) — Thai upstream company JSX Energy Inc has unveiled its new management team comprising professionals with long experience in oil exploration and international business, as well as in-depth knowledge of Thailand, its business culture and language. The executives include chairman John R. Lacey, who is also Thai Consul General and senior...
(EnergyAsia, February 21) — US major Exxon Mobil Corp said that additions to its worldwide proved oil and gas reserves totalled 1.95 billion oil-equivalent barrels in 2006, excluding the effects of using single-day, year-end pricing. Production totalled 1.6 billion oil-equivalent barrels in 2006, with 976 million barrels of liquids and 3.7 trillion cubic feet of...
(EnergyAsia, February 21) — Australian upstream company Santos has made a formal offer for Queensland Gas Company (QGC) of at least A$1.80 per share, which includes plans to create a robust new competitor in the eastern Australian gas industry. (US$1=A$1.33). The formal offer, valued at approximately A$960 million, was lodged last week with the...
(EnergyAsia, February 21) — Boosted by a buoyant oil-and-gas sector, Singapore’s Rotary Engineering Limited has announced a net profit after tax and minority interest of S$35.2 million for the full year ended December 31 2006, up 320% from the previous year. The group more than doubled its turnover for financial year 2006, turning in S$437.4...
(EnergyAsia, February 21) — Caltex Australia has responded the announcement by New South Wales state Premier Morris Iemma that he will mandate 2% ethanol in gasoline from September this year. “Caltex strongly supports development of ethanol blended gasoline and there are already 71 service stations in Caltex’s NSW network selling E10 unleaded,” said Caltex...
(EnergyAsia, February 21) — Asia needs to check its growing waste of natural resources accompanying its rapid economic development over the last few decades, said the Asian Development Bank. Economic development has brought many benefits to the people of the region, not least in terms of rising prosperity, improved health indicators, better access to...
(EnergyAsia, February 21) — Software and processing solutions company SunGard said its consulting services business unit has launched a new practice focusing on the energy industry. Austin Morris, who is based in SunGard Consulting Services’ Houston office, has been appointed managing partner of the practice. Mr Morris has been with SunGard Consulting Services for...
(EnergyAsia, February 16) — The Malaysian government is preparing a programme to reduce energy consumption in the country’s industrial sector. The Malaysia Energy Centre (Pusat Tenaga Malaysia or PTM) is spearheading the drive to provide incentives for industry to install high-efficiency electrical motors that use less electricity compared with conventional motors. Electrical motors account...
(EnergyAsia, February 16) — China wants to become the world’s largest producer of wind power. By 2020, its wind power capacity could top 150 million kilowatt (kw), placing China ahead of the US and Germany, said the 2006 Annual Report on China’s New Energy Industry. It estimates China’s potential wind power resource capacity at...
(EnergyAsia, February 16) — China’s New Energy Chamber of Commerce (CNECC) plans to set up a RMB10 billion fund to invest in renewable energy project. (US$1 = RMB7.75). The money is intended to help develop small- and medium-sized renewable fuels companies. The year-old association hopes to raise RMB1.2 billion and to start investing it...
(EnergyAsia, February 16) — JSX Energy Inc said its Block L17/48 in Mae Sot, Thailand, is drawing a lot of attention from various sources, including the Thai Ministry of Energy’s Department of Mineral Fuels. The department supplied JSX with a comparison it made of seismic slides from Mae Sot’s L17/48 and the Fang Basin to...
(EnergyAsia, February 16) — A leading Senate committee in the Australian government wants the country to begin preparing for the arrival of peak oil after completing a comprehensive enquiry with hundreds of local and international experts since late 2005. The Senate Rural and Regional Affairs and Transport Committee launched the inquiry in response to...
(EnergyAsia, February 16) — Australia’s Tasmania state does not yet have the infrastructure in place to offer motorists ethanol-blended fuels. A private firm, United Petrol, had to put off its plans to import ethanol after failing to get approval for building a storage facility. The result: motorists in Tasmania have to pay more...
(EnergyAsia, February 16) — The Pakistani government has broken ground on its first two wind power projects, both located 110 km from Hyderabad city. The plants will have the capacity to produce 50 megawatt (MW) each when on-stream in late 2007. One of the plants worth US$90 million is being built by Turkish energy...
(EnergyAsia, February 16) — Vietnam’s south is expected to suffer more power blackouts as electricity demand continues to outstrip supply in that booming region. The government said it is planning numerous projects to boost power supply. Two 3,000-megawatt (MW) coal-fired power plants are being planned in Tra Vinh and Soc Trang provinces to meet...
(EnergyAsia, February 16) — Singapore’s Keppel FELS Limited has secured a repeat order for a KFELS N Class jackup rig for US$392 million from ProdJack AS, a member of the Skeie Group. The rig is slated for delivery in the third quarter of 2010. Choo Chiau Beng, chairman and CEO of Keppel Offshore &...
(EnergyAsia, February 16) — SMOE, a fully owned subsidiary of Singapore’s SembCorp Marine, has secured a contract worth about US$300 million from Malaysia’s Carigali-PTTEPI Operating Company Sdn Bhd (CPOC) for the construction of an offshore platform integrated deck. The project involves the provision of engineering, procurement, construction load out, offshore hook up and commissioning services....
(EnergyAsia, February 15) — US energy consultant Purvin & Gertz has released its World LPG Market Outlook study giving an in-depth analysis of the world and regional LPG markets within a framework of world energy and economic activity. The supply outlook is based on expected production levels of crude oil, natural gas, LNG and refining...
(EnergyAsia, February 15) — India last year established 9,060MW of renewable power plant capacity, said the Ministry of New and Renewable Energy. About 1,800 MW is in small hydropower, 1,100 MW is bio power and 6,100 MW is wind power. Another 2,456MW capacity is under construction, comprising 434MW small hydropower, 1,322MW bio power and...
(EnergyAsia, February 15) — US-based India Globalization Capital Inc (IGC) said it has entered into a definitive agreement with a leading Indian road building and maintenance contractor, MBL Inc, to purchase 57% of its issued and outstanding common stock. IGC has also reached a non-binding agreement in principle to acquire 24 MW of wind energy...