(EnergyAsia, February 6) — Singapore-based upstream company PEARL Energy Limited said it and partners Horizon Oil (Siam) Ltd and Tana Resources (Thailand) Ltd have been conditionally awarded the petroleum contract for Block G11/48 in the Gulf of Thailand. PEARLOIL (Thailand) Limited, with a 50% interest in the block, will be the operator. The remaining...
(EnergyAsia, February 6) — Chinese module manufacturer Trina Solar said it has signed a long-term supply agreement for polysilicon with DC Chemical (DCC), one of the leading chemical companies in Korea. DCC will supply polysilicon to Trina Solar over a seven-year period with a total contract value estimated at over US$120 million and with shipments...
(EnergyAsia, February 5) — How far will countries go to feed their oil addiction? The US invaded Iraq partly to secure supply from one of the world’s largest hydrocarbon reserves. Despite a looming military and political defeat, and the high cost of occupation, the US finds itself unable to abandon the lure of such a...
(EnergyAsia, February 5) — French energy major Total said that it has signed an agreement with US-based Apache to farm into the offshore AC/P37 permit in Australia’s Browse Basin. Located around 200 km off the northwestern coast in a water depth of approximately 200 metres, this permit covers an area of 4,415 sq km. ...
(EnergyAsia, February 5) — The climate system, and in particular sea level, may be responding more quickly to rising carbon emissions than climate scientists have estimated with climate models, said Australia’s leading research agency CSIRO. An international team of climate scientists has cautioned against suggestions that the Intergovernmental Panel on Climate Change (IPCC) has...
(EnergyAsia, February 5) — The Asian Development Bank (ADB) is preparing a project to expand hydropower development and extend access to electricity in Bhutan’s rural areas through a US$1.6 million grant from its Japan Special Fund, financed by the Japanese government. Bhutan is the only South Asian country with a power surplus. But despite...
(EnergyAsia, February 5) — U.D. Choubey, the former marketing director, has promoted to chairman and managing director of India’s natural gas company, GAIL. Dr Choubey, who joined GAIL in 1986, obtained his doctorate in hydrocarbon from the Indian School of Mines in Dhanbad. He underwent postgraduate training in chemistry in Patna University, and obtained...
(EnergyAsia, February 5) — Oil prices are on the rise again, and look set to reclaim US$60 a barrel in early February after spending most of the last two months in the US$50s. WTI futures briefly fell below US$50 a barrel on January 18, its lowest level since May 2005, but quickly rebounded. Over the...
(EnergyAsia, February 5) — The contradiction couldn’t be starker. While calling for new laws and policies to advance energy conservation and efficiency, and diversification from oil dependence, Beijing is also encouraging the rapid growth of its motorised vehicle population and network of highways across the country. The unbridled growth in China’s already large car fleet...
(EnergyAsia, February 5) — Finalnad’s W’rtsil’ Corp said it has won a EUR 7.6 million turnkey contract to deliver a 14 MWe power plant to the National Agricultural Development Company (NADEC), Saudi Arabia’s biggest agricultural company. The plant, to be installed at Haradh, about 280 km from Riyadh, is due to start up in...
(EnergyAsia, February 5) — Singapore’s Rotary Engineering, a leading provider of engineering, procurement, construction and maintenance services supporting the oil-and-gas and petrochemical industry, said it has secured two contracts totalling S$40 million from Shell Eastern Petroleum Pte Ltd. and Oiltanking Singapore Ltd. (US$1=S$1.53). The S$23 million contract from Shell, secured through Rotary’s wholly-owned subsidiary...
(EnergyAsia, February 5) — Australia’s Origin Energy Limited said it is proceeding to sell off its networks business. The company had announced last November that it would initiate a review of its ownership of the Networks business, which consists of Origin Energy Asset Management, which provides management services to Envestra Ltd, a 17% interest in...
(EnergyAsia, February 2) — In his State of the Union address, US President Bush pledged to reduce gasoline consumption. A key component of that pledge was the introduction of 35 billion gallons of alternative fuels. In a recent memo to clients, US consultant ESAI examines whether or not that goal is realistic. As much...
(EnergyAsia, February 2) — French energy major Total has announced three gas discoveries following the success at exploration wells in Blocks 15 and 16 in the Gulf of Thailand. The wells, Ton Chan-1X, Ton Chan-2X and Ton Rang-2X, are operated by Thai state upstream company PTTEP. Two wells in the Ton Chan area are located...
(EnergyAsia, February 2) — Thai state upstream company PTT Exploration and Production Public Company Limited (PTTEP) said its board has proposed to pay shareholders a dividend of 3.21 baht per share for 2006. (US$1=36 baht). The board passed a resolution on the proposal at a meeting earlier this week. Last August, PTTEP paid...
(EnergyAsia, February 2) — The key shareholders of China Aviation Oil Singapore Corp Ltd (CAO) said they will postpone their proposed injection of assets into the company as they needed more time to evaluate the proposals. In a statement, CAO said it wanted to further study a proposal by China National Aviation Fuel Holding...
(EnergyAsia, February 2) — New Zealand Oil & Gas Limited (NZOG) has announced senior executive changes following the retirement of Tony Radford as group CEO at the end of next month. He takes up the position of non-executive chairman. David Salisbury has been appointed as the new CEO of NZOG, with effect from April...
(EnergyAsia, February 2) — Canada’s Red Hill Energy Inc said it plans to start exploring for uranium in Mongolian “as soon as weather permits” The Vancouver, British Columbia-based company said it has a strategic alliance with another Canadian company, Mega Uranium Ltd, to jointly explore for uranium in Red Hill Energy’s vast 219,862 hectares...
(EnergyAsia, February 2) —Subsidiaries of J. Ray McDermott SA have been awarded a contract to supply and install a 12,000 metric ton control riser platform the KG-D6 field development project in India by Reliance Industries Limited. J. Ray is a subsidiary of McDermott International, Inc. “It’s an honour for us to have been selected for...
(EnergyAsia, February 2) — Australian upstream company Santos has proposed Queensland Gas Company Limited (QGC) to establish a new Australian Stock Exchange-listed company to boost the development of the state’s coal seam gas industry. Santos said it would pay QGC shareholders A$1.30 per share in cash for all of their shares in return for...
(EnergyAsia, February 2) — The economies of East Asia excluding Japan will grow by an estimated by 7.4% in 2007, according to a report by the Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO). The report, entitled “2007 Economic Outlook for East Asia”, provides growth estimates for 2006 as well as prospective 2007 growth...
(EnergyAsia, February 2) — US Energy Secretary Samuel W. Bodman has issued a statement commenting on the House Passage of the new “Creating Long-Term Energy Alternatives for The Nation” Act. “I’m pleased that the new Congress is joining us in taking our nation’s energy security seriously. And I look forward to working with the Congress...
(EnergyAsia, February 1) — A leading provider of software solutions for the energy industry, is seeking to fill the following positions in its Singapore office: Services Director (Energy / IT Company), Energy Software Consultant, and Business Development Analyst (Energy / IT Company). Interested candidates should send their CV to Lisa Williamson at lisa@bryantwilliamson.com, or...
(EnergyAsia, February 1) — Thai state upstream company PTT Exploration and Production Public Company Limited (PTTEP) reported net income of 28,047 million baht or earnings per share of 8.55 baht last year compared with net income of 23,735 million baht or earnings per share of 7.26 baht in 2005. (US$1=37 baht). PTTEP and its...
(EnergyAsia, February 1) — Canada’s Sea NG Corp said it, Japan’s Marubeni Corp and Teekay Shipping Corp have formed a strategic alliance to deploy Sea NG’s Coselle(TM) system for transporting compressed natural gas (CNG) by ship. The Coselle(TM) ship is the only marine vessel fully approved by any international marine classification society to transport CNG....