two-million-barrel floating oil storage facility to support the development of the Cepu oil and gas block. The agency has been criticised for rejecting an onshore storage facility which it says will be more costly and offers less flexibility. A former Pertamina director has issued a report claiming that a subsidiary of ExxonMobil, Cepu’s operator, had...
217,982,000 shares in Singapore’s E3 Holdings, making it the largest single shareholder in the company. E3 Holdings said the proceeds of S$5,885,514 will be used to fund the company’s working capital purposes and as reserves which would enable E3 to pursue new business opportunities in property and related services which include energy efficient...
them as “clean energy exporters.” They said the government should not penalise the industry for emissions it generates while producing LNG. Exported LNG would help importing counties such as China switch to nautral gas from coal, thus drastically cutting their greenhouse gas emissions, industry group Australian Petroleum Production and Exploration Association (APPEA) argues. Gas...
Gas production is expected to reach 9,946 million metric standard cubic feet per day (MMSCFD) in 2008, and exceed 10,000 MMSCFD next year. This compares with 8,901 MMSCFD last year and 8,280 MMSCFD in 2006. However, Indonesia’s domestic gas use has been rising at the expense of exports. Last year, the share of domestic...
Under the legislation, states could allow drilling between 80 and 160 km offshore while drilling beyond 160 km would be complete open to exploration and production. Environmentalists said the legislation will not offer enough to protect the environment. Democrats in Congress, including presidential candidate Senator Barack Obama, had until recently been critical of...
jackup drilling rig 49 days ahead of schedule to Discovery Drilling, a joint-venture of Jindal Drilling & Industries (JDIL). (US$1=S$1.42). The rig DISCOVERY I has also achieved a safety record of more than 2.2 million manhours work without incidents. Choo Chiau Beng, chairman and CEO of Keppel Offshore & Marine, the parent company of Keppel...
development proposals to develop roof-mounted solar energy harvesting devices and systems for the tropical region under its S$50 milion Clean Energy Research Programme (CERP). (US$1=S$1.42). CEPO said that there is a lack of solar systems designed and optimised for hot and humid conditions in tropical climates. Most solar systems today operate under temperate climates in...
power plant as part of a S$2 billion multi-utilities complex comprising a desalination plant and a waste water treatment facility on Jurong Island by 2011. Low-ash and low-sulphur coal will form 80% of the plant’s feedstock with biomass the rest. (US$1=S$1.4). Using the best clean coal technology, Tuas Power said it will be able to...
country’s emergency stockpile in the wake of fuel supply shortages caused by hurricanes Gustav and Ike, said the US Energy Department. The department sent 200,000 barrels of crude oil to ConocoPhillips’ Wood River refinery in Illinois through the Capline pipeline, while Placid Oil’s Port Allen refinery in Louisiana received 109,000 barrels through a Shell pipeline....
East and India, and has established a new office in Singapore to increase its presence in the Far East. Tropicana Liquid Storage Private Limited, the company’s Indian subsidiary, has been expanding its presence in India. At the port of Karwar in Karnataka state on India’s west coast, it owns and operates a...