PAKISTAN: Oil and gas event to be held at Karachi Expo Centre from May 18 to 21

(EnergyAsia, April 1, Wednesday) — The ‘Pakistan Oil, Gas & Energy Exhibition and Conference (POGEE)’ will be held at the Karachi Expo Centre in Pakistan from May 18 to 21.  Organised by Pegasus Consultancy, the conference aims to establish an internationally recognised energy forum for all stakeholders to reach a well-defined industry group. The organisers (more…)

TAIWAN: CPC may invest NT$100 billion in new oil refinery

(EnergyAsia, April 1, Wednesday) — Taiwan’s state-run oil firm CPC is considering building a new refinery in the city port of Kaohsiung in the southern part of the island. The proposed 200,000 b/d refinery would be sited near the company’s existing 220,000 b/d plant which is due to be shut down by 2015 amid growing...

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PHILIPPINES: Manila city reverses order for Pandacan oil depot relocation

(EnergyAsia, April 1, Wednesday) — The city of Manila will not force a relocation of the Pandacan oil depot. The city council recently voted 20 to 11 in favour of allowing the depot to continue operating despite concerns that it could become a target for terrorist due to its location in a densely populated residential...

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INDIA: Essar delays refinery expansion

(EnergyAsia, April 1, Wednesday) — Citing unfavourable market conditions, Indian downstream company Essar Oil said it will delay work on expanding its refinery in Gujarat state in north-western India. The company had planned to debottleneck and expand the capacity at the 12.5-million-tonne per year refinery in Vadinar to 16 million tonnes by end-2010. A second...

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CHINA: CNOOC starts up refinery at Huizhou

(EnergyAsia, April 1, Wednesday) — China National Offshore Oil Corp (CNOOC) has started up its newly completed 240,000 b/d refinery in Huizhou in Guangdong province. The company is planning to raise throughput at the plant to 80% of capacity by next month. Officials said they expect China’s domestic fuels demand to slump on account of...

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CHINA: PetroChina unit to boost oil storage in Xinjiang

(EnergyAsia, April 1, Wednesday) — PetroChina said its affiliate, Xinjiang Oilfield Corporation, is boosting its crude oil storage capacity in the country’s western region by 60%. By 2010, the company expects to add 450,000 cubic metres of capacity to its Wangjiagou oil storage facility in the Xinjiang region, boosting capacity to 1.2 million cubic metres...

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SAUDI ARABIA: J. Ray McDermott awarded Karan offshore pipeline project

(EnergyAsia, April 1, Wednesday) — NYSE-listed McDermott International Inc said its subsidiary, J. Ray McDermott SA, has been awarded the Karan offshore platforms and subsea pipelines project by Saudi Aramco. The project involves work inside Saudi Arabia and outside the kingdom. Once complete, the facility will have a production capacity of 1,800 million cubic feet...

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BIOFUELS: Industry from 29 countries set up Global Renewable Fuels Alliance

(EnergyAsia, April 1, Wednesday) — A total of 29 countries representing over 60% of global biofuels production have established the Global Renewable Fuels Alliance (www.globalrfa.org). The alliance of industry associations from Canada, the US, and 27 European countries will promote and support biofuels friendly policies internationally so that all countries can harness the significant economic,...

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ASIA: Region faces worsening food, fuel and climate threats, says UN economic and social survey

(EnergyAsia, March 31, Tuesday) — The Asia Pacific region is facing its worst crisis from a coincidence of threats brought on by food and fuel price volatility, climate threats and the breakdown in the world financial system, said a UN agency. In its annual survey of the region, the UN Economic and Social Commission for...

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CHINA: Refiner Sinopec reports 47% drop in 2008 net profit

asset write-downs and weakening demand caused its net profit to fall 47.34% last year to 29.77 billion yuan. (US$1=6.85 yuan). Revenue for the world’s second-largest refiner after Exxon Mobil rose 21% to 1.42 trillion yuan. Reporting on its first profit decline in seven years, Sinopec, short for China Petroleum and Chemical Corp, said in a...

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CHINA: Increased LNG imports from Qatar

exporter, Qatar. Last June, China National Offshore Oil Company (CNOOC), which operates the country’s only LNG import terminal, has signed to import two million tonnes of LNG per year under a 25-year deal. CNOOC has established an office in Doha to deepen ties with Qatar and other Middle East suppliers. CNOOC reckons that it will...

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SAUDI ARABIA: Dubai Mercantile Exchange angling for benchmark role

 the exchange’s benchmark. Aramco is believed to link its crude against US West Texas Intermediate and Platts’ quotes. In 2007, the DME launched an Oman futures contract as it sought to establish a new pricing benchmark for oil exports from the Middle East to markets in Asia. Should Aramco move towards incorporating DME pricing into...

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DUBAI: Flowserve opens response centre to serve Middle East customers

(EnergyAsia, March 31, Tuesday) — Flowserve Corp, a leading provider of flow control products and services for the global infrastructure markets, said it has opened a state-of-the-art manufacturing, repair, refurbishment services and engineering applications Quick Response Center (QRC) for pump and mechanical seal products in Dubai. Located at the Jebel Ali Free Zone, the centre (more…)

AFRICA: Global Pacific & Partners’ 6th African Petroleum Week in London

(EnergyAsia, March 31, Tuesday) — Global Pacific & Partners will be holding its 6th African Petroleum Week 2009 in London, England from May 26 to 28. The week will feature three high-level and separately bookable events: the 6th African Petroleum Frontiers, the 6th West African Oil, Gas & Energy, and the 25th PetroAfricanus Dinner. African Frontiers focuses (more…)

CHINA: ‘Renewable Energy Finance Forum’ to be held in Beijing on May 12 and 13

CHINA: ‘Renewable Energy Finance Forum’ to be held in Beijing on May 12 and 13 (EnergyAsia, March 31, Friday) — The ‘4th Renewable Energy Finance Forum’ will be held at the Ritz Carlton Hotel in Beijing, China on May 12 and 13. The conference will discuss challenges facing China’s renewable energy industry, its role in (more…)

SINGAPORE: Chemical and oil pollution conference during maritime week

(EnergyAsia, March 31, Tuesday) — The ‘6th Biennial International Chemical and Oil Pollution Conference and Exhibition’ (ICOPCE 2009)’ will be held at the Raffles City Convention Centre in Singapore from April 21 to 24. Organised by the Maritime and Port Authority of Singapore (MPA), ICOPCE 2009 is the only conference dedicated to the prevention and (more…)

MARKETS: IEA forecasts world oil demand to fall by 1.5% or 1.2 million b/d in 2009

(EnergyAsia, March 30, Monday) — World oil demand is expected to fall by 1.5% or 1.2 million b/d to 84.4 million b/d this year on account of a possible shrinkage in the world GDP, said the International Energy Agency (IEA).The Paris-based energy watchdog for consuming countries said its latest forecast is based on a reassessment...

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SINGAPORE: Shiptek conference to be held on May 6 to 7

(EnergyAsia, March 30, Monday) — An international conference on technology revolution in the marine and offshore industry, ‘Shiptek 2009’, will be held at the Singapore Expo Convention and Exhibition Centre on May 6 and 7.The event will include a maritime exhibition, Shiptek Expo 2009, which will provide participants with opportunities to network with top-level executives (more…)

SOUTH KOREA: ‘Asia Bottom of the Barrel Technology Conference’ to be held in Seoul on May 14 and 15

SOUTH KOREA: ‘Asia Bottom of the Barrel Technology Conference’ to be held in Seoul on May 14 and 15 (EnergyAsia, March 30, Monday) — The ‘3rd Asia Bottom of the Barrel Technology Conference’ will be held at The Ramada Hotel in Seoul, South Korea on May 14 and 15. Organised by Euro Petroleum Consultants, the (more…)

MARKETS: CERA warns of ‘long aftershock’ from sustained low oil prices

 (EnergyAsia, March 30, Monday) — Another consultant has warned that sustained weakness in oil prices could set the stage for sharply reduced supplies and a future price shock in the future.Cambridge Energy Research Associates (CERA), known previously for its sanguine outlook on the oil markets, has joined the bandwagon of worriers with its new report,...

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MARKETS: OPEC lowers forecast for 2009 world demand yet again

 (EnergyAsia, March 30, Monday) — OPEC has sharply lowered its forecast for 2009 world oil demand growth to minus one million b/d compared with the previous forecast for a contraction of 400,000 b/d. It has also reduced its estimate for 2008’s oil demand growth by 100,000 b/d to minus 300,000 b/d.The oil-exporting cartel said the latest...

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MARKETS: Oil prices could spike again between 2010 and 2013, says study

 (EnergyAsia, March 30, Monday) — Oil prices could shoot up sharply again between next year and 2013 as oil consumption by developing countries resumes growing on the back of an economic recovery, said a study by MGI and McKinsey’s Global Energy and Materials Practice. In the short-term, the study predicts world energy demand growth to stagnate...

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CHINA: Coal conference to be held in Beijing on April 20 to 21

(EnergyAsia, March 30, Monday) —  ‘Coaltrans China’, said to be the leading conference for the world’s largest coal industry, will be held at the Sofitel Wanda Hotel in Beijing, China on April 20 and 21.Speakers will analyse the uncertainties and opportunities in China’s coal industry, development strategies, regulations and policies for coal and coal-to-chemicals markets, (more…)

CHINA: Sinopec Group completes 950,000-cubic metre oil storage base in Shanghai

(Energy, March 30, Monday) — Sinopec Group said it has started up operations at its new 950,000-cubic metre crude oil storage terminal in Shanghai.The start-up of the new terminal coincides with the completion of the second phase of the 600,000-cubic metre Baishawan storage base....

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BOOK: Wiley’s ‘Wind Energy Handbook’

(EnergyAsia, March 27, Friday) — The ‘Wind Energy Handbook’ draws on the collective industrial and academic experience of several experts to highlight the interdisciplinary nature of wind energy research and provide a comprehensive overview of wind energy for electricity generation. As environmental concerns focus attention on the generation of electricity from clean and renewable sources, (more…)