MYANMAR: Businessmen team up with Singapore’s BH Global Marine

(EnergyAsia, December 28, Monday) — Singapore-listed BH Global Marine is aiming to expand into Myanmar’s oil and gas industry through a joint venture it has just established with two businessmen from that country. BH Global Marine, which supplies premium lightings, cables and electrical equipment to the marine, oil and gas industries, said businessmen Shwe Nyan...

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SAUDI ARABIA: Zamil Group and Vopak to develop storage joint venture for the Middle East, North Afri

(EnergyAsia, December 28, Monday) — Dutch oil and chemical storage specialist Royal Vopak said it has signed a memorandum of understanding with the Zamil Group of Saudi Arabia to develop a joint venture company to serve the Middle East and North Africa (MENA) region. The joint venture aims to develop independent bulk liquid and liquefied...

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UAE: Vopak Horizon ties up with HCT to offer petroleum operator programme

(EnergyAsia, December 28, Monday) — Dutch oil terminal operator Vopak Horizon Fujairah Limited has tied up with Higher Colleges of Technology-Fujairah (HCT) to offer a training programme in fuel storage. The programme, believed to be the first in the Middle East, will be executed and organised by the HCT, and will be open to UAE...

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INDIA: Pressure on CIL to step up domestic coal production

(EnergyAsia, December 24, Thursday) — Coal India Limited (CIL), the country’s largest coal miner, is under pressure to step up production on growing fears that India will face more power shortages as its power companies are unable to procure enough coal for fuel. A Parliamentary panel wants the government to allocate 138 new coal blocks...

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CHINA: More than 150 senior officials attended Solar Energy Technology and Investment Congress

(EnergyAsia, December 24, Thursday) — More than 150 senior Chinese government officials, international executives, industry experts and technologists attended the recently ended China Solar Energy Technology and Investment Congress in China’s Inner Mongolia. Co-organised by Noppen and the Huhhot municipal government on December 10-11, the conference focused on how the industry is driving down the (more…)

CHINA: Shell backs out of refinery project with Sinopec, Kuwait Power

(EnergyAsia, December 24, Thursday) — Royal Dutch Shell has backed out of a proposed $9 billion joint refinery-petrochemical project in China with China Petroleum and Chemical Corp (Sinopec) and Kuwait Petroleum Corp (KPC). KPI, which oversees KPC’s international downstream marketing operations, said Shell’s pullout will have no impact on its plans to proceed with project...

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INDIA: Coal India to invest Rs25 billion in setting up 20 new washeries by 2017

(EnergyAsia, December 24, Thursday) — State-run Coal India (CIL) will invest Rs25 billion to set up 20 new washeries by 2017 to improve the quality of coal, said Coal Minister Sriprakash Jaiswal. The 20 washing plants will have a total capacity to treat 111.1 million tons of coal per year. They include seven plants worth...

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CHINA: State firms willing to invest US$50 billion in Nigerian oil

(EnergyAsia, December 24, Thursday) — China’s state-owned firms are willing to spend as much as US$50 billion to secure six billion barrels of crude oil reserves in Nigeria, Emmanuel Egbogah, the African nation’s presidential adviser on energy, said. Speaking to reporters, he said the government was in discussions with the Chinese firms including CNOOC Ltd...

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INDIA: Environment gets short shrift as power, coal shortages loom

(EnergyAsia, December 24, Thursday) — Fresh from helping China and some developing countries torpedo last week’s Copenhagen climate change summit, India will likely give short shrift to environmental concerns as it prepares to step up the use of coal in growing its economy in the coming decade. Like China, India is heavily dependent on coal...

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CHINA: Oil demand surges 18.7% in November, says Platts

(EnergyAsia, December 24, Thursday) —China’s apparent oil demand in November soared 18.7% from a year ago as the country’s economic recovery picked up momentum, said oil media Platts. This surge in oil demand marked the third straight month that the world’s second largest oil consumer posted double-digit yearly growth in oil demand. Chinese oil demand...

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AUSTRALIA: Foster Wheeler- WorleyParsons joint venture awarded feed contract for Pluto LNG expansion

(EnergyAsia, December 23, Wednesday) — A Foster Wheeler AG- WorleyParsons Services Pty Ltd joint venture has been awarded a front-end engineering design (FEED) contract by Woodside for Trains 2 and 3 of the Pluto liquefied natural gas (LNG) project in Australia. Foster Wheeler said the contract also includes an option for early engineering, procurement, construction...

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PAPUA NEW GUINEA: Consortium secure $14 billion financing for LNG project

(EnergyAsia, December 23, Wednesday) — The consortium developing Papua New Guinea’s 6.6-million-ton-per-year liquefied natural gas (LNG) project has secured financing worth US$14 billion from various lending agencies and financial institutions. Australia’s Oil Search Limited, a 29% participant in the consortium, said this amount exceeds the estimated US$13 billion of debt required for the project on...

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MARKETS: ExxonMobil promotes “large LNG projects” to meet global natural gas demand

(EnergyAsia, December 23, Wednesday) — Large-scale liquefied natural gas (LNG) projects will be necessary to meet increasing global demand for natural gas, Tom Walters, president of ExxonMobil Gas and Power Marketing Company, told delegates at the recent International Petroleum Technology Conference (IPTC) in Doha. Presenting from ExxonMobil’s 2009 Energy Outlook, he noted that despite the...

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MARKETS: ExxonMobil says all energy sources needed to meet growing demand, natural gas to play major

(EnergyAsia, December 23, Wednesday) — World energy demand will increase by about 35% in 2030 compared to 2005, requiring trillions of dollars in investment and a commitment to innovation and technology, said Exxon Mobil Corporation in its new edition of Outlook for Energy: A View to 2030. Rex W. Tillerson, ExxonMobil chairman and CEO, said:...

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INDIA: Chemoil-Adani to expand oil storage capacity

(EnergyAsia, December 23, Wednesday) — A joint venture between Singapore’s marine fuel supplier and storage operator Chemoil and Indian port developer Adani has mapped out its expansion plans for next year. Chemoil-Adani said it will expand its Mundra Port onshore storage capacity by 25% to 120,000 cubic metres by the end of next year. It...

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COMPANY: ExxonMobil bets on natural gas for long-term survival, reduced foreign oil dependence

(EnergyAsia, December 23, Wednesday) — ExxonMobil may have found the perfect response to those who think the Western world’s largest oil company has reached its limit to growth, doesn’t care for the environment and is not helping the US reduce dependence on foreign oil. In offering to acquire XTO Energy Inc, the largest natural gas...

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CLIMATE CHANGE: Conservation International sees “a glimmer of hope” in Copenhagen

(EnergyAsia, December 23, Wednesday) — The “Copenhagen Accord” last week has failed to create a legally binding framework for nations to address climate change, and has not properly addressed the key issues of deforestation and adaptation, but it does provide hope for the future, said US-based Conservation International. It is a step forward – agreement...

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INDIA: Aegis Logistics to build LPG storage depots

(EnergyAsia, December 22, Tuesday) — Aegis Logistics, an Indian supply chain company serving the oil and chemicals industries, said it plans to invest up to Rs1 billion to develop inland depots to store chemicals and liquefied petroleum gas (LPG) in the seven states it operates in. (US$1=Rs46). Anish Chandaria, the company’s CEO, said it will...

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INDIA: Coal import-dependent power firms seen to take a financial hit

(EnergyAsia, December 22, Tuesday) — India’s power generating companies which rely heavily on imported coal are expected to take a financial hit from rising international coal prices. Spot prices of coal at Australia’s Newcastle port, a benchmark for Asia, have appreciated by nearly 10% in November, while prices at China’s benchmark Qinhuangdao port, have also...

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INDIA: Government sees coal gasification as long-term solution for affordable energy source

(EnergyAsia, December 22, Tuesday) — The Indian government sees underground coal gasification as a potential long-term solution to meet the country’s fast growing energy demand while satisfying increasingly stringent environmental requirements. Sriprakash Jaiswal, the Minister of State for Coal, said the high cost of coal gasification and the inadequate technology remain major concerns, but he...

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SINGAPORE: Glencore offers US$233.28 million for majority stake in Chemoil

(EnergyAsia, December 22, Tuesday) — Swiss commodities trader Glencore International could soon be a listed company in Singapore if its US$233.28 million cash offer for the founding Chandran family’s 50.81% stake in Chemoil Energy is accepted. When its US35.52 cents per share offer is cleared, Glencore subsidiary, Singfuel Investment, will have to follow through with...

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CHINA: ‘Centre of new LNG compass’ could overtake Japan as world’s biggest buyer of LNG

(EnergyAsia, December 22, Tuesday) — “China is the centre today of the new LNG compass,” said Qatar’s Deputy Premier and Minister of Energy and Industry Abdullah bin Hamad al-Attiyah. He made these comments when Qatar, the world’s largest LNG exporter, recently signed massive new deals to supply PetroChina and China National Offshore Oil Corp (CNPC)....

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INDIA: Essar hopes to complete Shell refinery deals in coming weeks

(EnergyAsia, December 22, Tuesday) — India’s Essar Oil Ltd is hoping to complete talks with Shell for the purchase of three of the Anglo Dutch major’s oil refineries in Europe within weeks. Privately held Essar said the two sides were making progress in talks over the two refineries in Hamburg and Heide in Germany, and...

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CHINA: CNOOC aims to double oil and gas output from South China Sea

(EnergyAsia, December 22, Tuesday) — CNOOC Limited, China’s largest offshore oil exploration company, is hoping to double crude oil and natural gas production in the western part of the South China Sea in the next six years. CNOOC is aiming to increase its output from that prospective area to 20 million cubic meters by 2015...

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SINGAPORE: Temasek Holding sells off upstream unit Orchard Energy to RH Petrogas

(EnergyAsia, December 21, Monday) — Singapore sovereign wealth fund Temasek Holdings has sold off its fledgling upstream oil and gas company Orchard Energy Pte Ltd to RH Petrogas Limited, a Singapore-listed exploration and production company. Temasek Holdings, which admitted losing tens of billions of dollars in ill-advised investments in Wall Street banks in 2007 and...

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