(EnergyAsia, November 26, Monday) — SEATRANS 2007 opens in Shanghai, China today incorporating three major events, International Dry Bulk Review, Ports & Liner China and Bunkering in Asia 2007. The two-day event to be held at the Grand Hyatt Hotel will feature executives representing shipowners, ports, regulators, suppliers, specialist service providers and state agencies. ((adsense))...

gasoline.  The company said its Bio E10 unleaded brand, which has a 10% ethanol blend, is sold in the Caltex network from Canberra to Cairns, with the product offered at 114 sites in New South Wales, 81 in Queensland and six in the greater Canberra area. Managing director and CEO Des King said the move...

Gujarat state to 700,000 b/d at a cost of $6 billion. The $3 billion plant, which only started up in November 2006, is operating at around 70% of capacity. It is expected to operate at capacity once its fluid catalytic conversion unit (FCCU) and diesel hydro de-sulphuriser unit (DHDS) come onstream to process heavier crudes...

Transmission Ltd (NGTL), has applied to the Alberta Energy and Utilities Board for a permit to construct a 300-kilometre, 42-inch natural gas pipeline and install 26 megawatts of additional compression and associated facilities on the northern section of the Alberta system.  Construction of the $983 million North Central Corridor pipeline project could begin as early...

listing early this month, giving it a valuation larger than the entire Indian economy and twice that of US giant ExxonMobil. It there was a symptom of a bubble on Shanghai’s stock market, PetroChina’s IPO proved it. Investors chased the stock of the integrated Chinese oil and gas company to close at 43.96 yuan from...

complex in Paradip in Orrisa state next April.  IOC chairman recently met Orrisa’s Chief Minister Naveen Patnaik to assure him that the company would proceed to build the project despite rapidly escalating cost. The project is now estimated to cost Rs250 billion, up from earlier estimates of Rs100 billion. (US$1 = Rs40). So far, IOC...

Capital by 36% to RM4.50 citing the company’s strong position in Sabah’s ports. (US$1 = RM3.37).  Suria is benefiting from the expansion of oil terminal capacities in Sabah, the analyst said.The new Karamunting oil terminal at Sandakan Port is expected to contribute an additional RM5 million while the Kunak oil jetty in Kunak Port could...

energy security issues, the International Energy Agency (IEA) has warned in its most dire warning yet on the world’s energy situation. The inevitable result would be even higher oil prices, the agency said. It addede that governments around the world need to boost the development and use of clean and renewable energy sources as well...

overoptimistic, Internet bloggers have charged.  The IEA’s chief economist Fatih Birol told www.lastoilshock that the agency is reviewing its reliance on data provided by United States Geological Survey (USGS). Using the USGS data, the world would need to discover some 22 billion of new oil reserves a year through 2025, according to the website. Blogger...

achieve record financial performance for its third quarter.  The integrated offshore engineering, procurement, construction, installation and commission (EPCIC) contractor with a complementary business in the supply of marine support vessels, reported a 55.3% rise in revenue to US$45.42 million for the third quarter ended September 30 compared with US$29.25 million for the same period last...

(EnergyAsia, November 23, Friday) — Saudi oil minister Ali Al Naimi, OPEC’s President Mohamed bin Dha’en Al Hamili and various international oil and gas experts will be in Singapore next week to speak at the inaugural Middle East & Asia Energy Summit. Singapore will be led by Senior Minister Goh Chok Tong.  Supported by the...

  (EnergyAsia, November 22, Thursday) — One year since its high-profile groundbreaking by Singapore Prime Minister Lee Hsien Loong and Rob Routs, Shell’s downstream executive director, the Shell Eastern Petrochemicals Complex (SEPC) project – Shell’s largest single investment in Asia to-date – is firmly on track with several noteworthy milestones. Since October 2006, the company...

(EnergyAsia, November 22, Thursday) — Thailand and Cambodia are expected to resume talks next year on the joint development of oil and gas resources in areas claimed by both countries. The two governments last discussed the matter more than a decade ago but were interrupted by the Asian financial crisis of 1997. They will likely...

(EnergyAsia, November 22, Thursday) — US petrochemicals company Huntsman Corp recently opened its new world-scale JEFFAMINE® polyetheramine manufacturing facility on Singapore’s Jurong Island. The plant, which was commissioned and began production in June, is the company’s first production site in Singapore and will produce 16,000 tons of polyetheramines per year. “From our vantage point as...

(EnergyAsia, November 22, Thursday) — Oil prices at US$100 per barrel will not put an end to world economic growth, said two economic leaders. US crude oil futures set a new high of $99.29 a barrel in Asian trade yesterday. Deutsche Bank’s CEO Josef Ackermann told reporters that $100 oil would represent a significant psychological...

(EnergyAsia, November 22, Thursday) — Declaring an end to the ‘era of cheap oil’, BP chief executive Tony Hayward said oil prices will continue at their current high levels. US crude oil futures are edging towards the US$100 a barrel level after touching a new record high of $99.29 yesterday. Speaking recently at an industry...

(EnergyAsia, November 22, Thursday) — France’s Total said the Thai government has approved a 10-year extension for the production period for Bongkot, the largest gas field in Thailand. Bongkot consists of Blocks B15, B16, and B17. With the extension, the joint venture partners are entitled to continue to produce gas and condensate from Block B15...

(EnergyAsia, November 22, Thursday) — Australian upstream company Woodside Petroleum said it has signed a key terms agreement with Taiwan’s CPC Corp for the potential sale of two to three million tonnes per year of liquefied natural gas (LNG) for a period of 15 to 20 years. The LNG will be sourced from the Woodside-operated...

(EnergyAsia, November 22, Thursday) — Despite the attraction of high oil prices, western majors are not investing enough in new exploration and production (E&P) activity and other energy sources. Several factors are deterring investment decisions: increasingly difficult environments, unfriendly governments and rising capital and operating costs. Examples abound. Royal Dutch Shell has seen the cost...

(EnergyAsia, November 22) — Global oil production is unlikely to ever exceed 100 million b/d, according to the bosses of France’s Total and US independent ConocoPhillips. Total’s CEO Christophe de Margerie, told the Financial Times that 100 million b/d of production is “in my view an optimistic case. It is the industry view. We have...

(EnergyAsia, November 22, Thursday) — Asia’s largest emerging economies like China, India and Indonesia are expected to continue to heavily subsidise their domestic fuel sales despite the exploding cost of oil. US crude futures rose to a new record high of $99.29 during the Asian trading day yesterday. The subsidies shield consumers from the full...

Queensland Gas Company Limited (QGC) to secure 66% of the output from the 130MW Condamine combined cycle gas power station in Queensland state currently under construction.  AGL’s managing director Michael Fraser said that the A$80 million three-year deal would take effect from the first quarter of 2009. (US$1=A$1.10). The transaction has been structured as a...

million Euro to almost quadruple its annual production capacity in China by 2011. CEO Thomas Richterich told reporters that the company’s China production capacity will grow from a current 225 MW to 800 MW per year. This will help the German company expand its share of the Chinese market for wind turbines to 15% by...

worldwide launch of a new carbon footprint reduction service. The new offering – the SupplyChain CarbonCheck™ – is a consulting service aimed at supporting companies in reducing carbon emissions from their supply chains. The service is the first of its kind developed by a logistics provider specifically to address global supply chains. We recognise that...

behalf of its client and all persons who purchased the securities of NYSE-listed LDK Solar Co Ltd from June 1 through October 8 2007. LDK Solar manufacturers and provides multicrystalline solar wafers to manufacturers of photovoltaic products, including solar cells and solar modules. The lawsuit was filed in the US District Court for the Southern...