ASIA: “Urgent” need for Canada to expand energy ties with region, says APF Canada opinion poll

(EnergyAsia, September 19 2011, Monday) — Canada must seize the current window of opportunity and huge potential to expand its energy trade and investment ties with Asia, according to a poll of 645 citizens conducted by the Asia Pacific Foundation of Canada (APFC) who are professionally engaged with the region. Noting that the window “will (more…)

RUSSIA: Rosneft, ExxonMobil to jointly develop Arctic and Black Sea

(EnergyAsia, September 16 2011, Friday) — ExxonMobil said it and Russian oil and gas giant Rosneft have agreed to plan to jointly explore for and develop hydrocarbon resources in Russia, the US and other parts of the world, as well as share technology and expertise. Rosneft will have a two-third stake in the joint-venture covering...

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AUSTRALIA: Caltex agreement secures long-term bitumen supply for New South Wales

(EnergyAsia, September 16 2011, Friday) — Caltex Australia said it will triple its bitumen storage capacity in New South Wales and secure long-term supply continuity for its customers across the state. Ken James, the company’s General Manager for Supply & Distribution, said the agreement with Terminals Pty Ltd for the use of its emerging bitumen...

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UZBEKISTAN: ADB extends US$500 million to assist trade and investment growth

(EnergyAsia, September 16 2011, Friday) — The Asian Development Bank (ADB) said it is providing a multitranche financing facility of up to US$500 million to help Uzbekistan reconstruct around 230 kilometers of poor quality roads that will improve road connectivity and safety, as well as boost trade along a key regional transport corridor linking Asia (more…)

UPSTREAM: DnB NOR stays bullish on offshore oil stocks

(EnergyAsia, September 16 2011, Friday) — With global energy demand and prices expected to stay high, researchers at Norway’s DnB NOR Markets have maintained their bullish outlook on companies in the offshore oil and gas sector. In its fifth annual survey of 65 global exploration and production (E&P) companies in (E&P), DnB NOR said they (more…)

COMPANIES: Wartsila and Shell to jointly promote use of LNG as a marine fuel

(EnergyAsia, September 16 2011, Friday) — Wartsila, the Finland-based marine solutions provider, said it and Shell Oil Company have signed a multi-year agreement to jointly promote the use of liquefied natural gas (LNG) as a marine fuel. Supplies of low cost, low emissions LNG fuel will be made available to Wartsila’s natural gas-powered vessel operators, (more…)

AUSTRALIA: Clough Downer awarded A$600 million contract for Gladstone LNG project

(EnergyAsia, September 16 2011, Friday) — Australian engineering and construction company Clough Limited said its Clough Downer Joint Venture (CDJV) has been awarded a A$600 million contract to construct pipelines, compression facilities and associated infrastructure for the Santos-led liquefied natural gas (LNG) project in Queensland state. (US$1=A$0.95). CDJV secured the project from main contractor Fluor (more…)

AUSTRALIA: CME lists API 6 coal swaps futures, says Argus media

(EnergyAsia, September 15 2011, Thursday) — CME Group’s NYMEX exchange has listed swap futures based on the API 6 index, an Australian coal export benchmark jointly published by UK’s Argus and US-based IHS McCloskey. According to Argus, the new swap futures became available for trading on the NYMEX trading floor on September 12, and has...

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AUSTRALIA: Eden Energy plans A$10 million IPO of UK coal seam gas unit

(EnergyAsia, September 15 2011, Thursday) — Australia’s Eden Energy Ltd said it is planning to spin off and list its wholly-owned UK coal seam methane and shale gas subsidiary, Eden Energy (UK) Ltd, as a new company to be called Adamo Energy Ltd. Eden said it aims to raise A$10 million from the proposed listing...

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INDONESIA: Enforced allocation, export ban could discourage coal investment

(EnergyAsia, September 15 2011, Thursday) — Indonesia risks losing investments in its coal mining sector if it enforces an export ban and demands that miners increase allocation for domestic consumption. The government has drafted a plan to ban the export of low-quality grade thermal coal and wants miners to increase their allocation to domestic consumers...

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INDONESIA: Government backs away from talk about tax on coal export

(EnergyAsia, September 15 2011, Thursday) — The Indonesian government has begun dampening speculation that it is planning to impose a ban on low-calorie coal exports from 2014. Coal companies have expressed concern that any form of restriction or ban on exports could choke off investments into the sector, particularly from international players, and badly damage...

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THAILAND: Egat to promote clean coal in place of nuclear energy

(EnergyAsia, September 15 2011, Thursday) — The Electricity Generating Authority of Thailand (Egat) said it has dropped its plans for developing nuclear power and will focus on clean coal instead. In a submission to the Energy Ministry, has significantly revised its original 10-year national power plan to 2020 in the wake of the March 11...

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INDONEISA: Association expects 33% rise in coal exports to Japan

(EnergyAsia, September 12 2011, Wednesday) — Indonesia could boost its coal exports to Japan by a third to 30 million tons this year, according to the Indonesian Association of Coal Miners. Following the March 11 tsunami-earthquake tragedy, Japan has shut down more than two thirds of its nuclear power capacity, and has turned to generating...

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AUSTRALIA: Cougar Energy may appeal to Queensland Land Court against latest ruling on coal gasification activities

(EnergyAsia, September 14 2011, Wednesday) — Australia’s Cougar Energy Limited said it is considering appealing to the Queensland Land Court against the Queensland state government’s decision to restrict its underground coal gasification (UCG) activities near Kingaroy town, 210 km northwest of Brisbane city. The state’s Department of Environment and Resource Management (DERM) has told the...

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NEW ZEALAND: Solid Energy begins building commercial-scale coal upgrading demonstration plant

(EnergyAsia, September 14 2011, Wednesday) — Solid Energy New Zealand (SENZ) said it has begun constructing a commercial-scale demonstration plant using GTL Energy Ltd’s proprietary coal upgrading process and equipment. SENZ is due to start up the first phase of its plant at Mataura by mid-2012 producing up to 90,000 tonnes a year of low-moisture (more…)

INDONEISA: Association expects 33% rise in coal exports to Japan

(EnergyAsia, September 12 2011, Wednesday) — Indonesia could boost its coal exports to Japan by a third to 30 million tons this year, according to the Indonesian Association of Coal Miners. Following the March 11 tsunami-earthquake tragedy, Japan has shut down more than two thirds of its nuclear power capacity, and has turned to generating...

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AUSTRALIA: Metrocoal to raise A$24 million from selling 15% stake to Chinese coal services group

(EnergyAsia, September 14 2011, Wednesday) — Australia’s MetroCoal said it is selling 32 million shares representing a 15% stake to a leading Chinese coal services groups, DADI Engineering Development Group Co Ltd (DADI), for A$24 million. (US$1=A$0.95). MetroCoal said the money raised from selling 32 million shares at A$0.75 each will be used to develop (more…)

AUSTRALIA: Thailand’s Banpu offers to acquire rest of Hunnu Coal for A$1.80 a share

(EnergyAsia, September 13 2011, Tuesday) — Thai coal miner Banpu PCL has made a A$423 million cash offer to acquire the remaining 88% stake in Australia’s Hunnu Coal Ltd that it does not yet own, the two companies said. (US$1=A$0.95). At A$1.80 a share, the offer price represents a 30% premium over the A$1.385 that...

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INDONESIA: Thailand’s PTT aims to expand coal investments

(EnergyAsia, September 13 2011, Tuesday) — Thai state-owned energy company, PTT, has affirmed its long-term goal to expand coal production in Indonesia. Already with two mines in Indonesia, PTT is in talks with local companies to acquire their stakes in producing mines as well as concessions. Natthachart Charuchinda, a PTT executive vice president, told a...

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INDONESIA: Australia’s VWM to fully acquire Singapore-based firm with coal interest in Kalimantan

(EnergyAsia, September 13 2011, Tuesday) — Australia’s Victory West Metals Ltd (VWM) said it has agreed to fully acquire South East Asia Energy Resources Pte Ltd (SEAE), a special purpose company registered in Singapore with interest in coal projects and concessions as well as sales agreements. VWM will pay for the acquisition through 330 million...

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MONGOLIA: ETT selects Macmahon, BBM as contract miners for giant coal deposit

(EnergyAsia, September 13 2011, Tuesday) — Mongolian state-owned miner Erdenes Tavan Tolgoi (ETT) has selected a consortium comprising Australia’s Macmahon Holdings Ltd and Germany’s BBM Operta as contractors to mine a section of its giant Tavan Tolgoi coal deposit. Mcmahon said the consortium will undertake large scale open cut mining operations in the Eastern Tsankhi...

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JAPAN: Nuclear expert says Fukushima nuclear incident is “much worse” than Chernobyl

(EnergyAsia, September 13 2011, Tuesday) — Six months after the Fukushima nuclear plant disaster in Japan, three experts at a forum in the US have laid out eight key concerns related to continuing health threats, unaddressed design flaws with nuclear plants and inadequate regulatory responses. The regulatory, scientific and health experts who agree that the “3/11” (more…)

RUSSIA: Mechel’s Posiet Port handled record coal transhipment volume as part of US$73 million expansion

(EnergyAsia, September 12 2011, Monday) — Mechel OAO, a leading Russian mining and metals company, said its Trade Port Posiet subsidiary loaded 26 cargo ships carrying a record 509,000 tonnes of coal last month. It attributed the achievement to the port’s improved technical support made as part of a US$73 million modernisation programme to be...

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INDONESIA: Coal exports set to shrink

(EnergyAsia, September 12 2011, Monday) — Asia’s coal consumers are bracing for higher prices as Indonesia works towards banning the export of lower-grade material for use in power generation from 2014. China and India, which rely on coal for more than 70% of their power supply, have the most to fear from a proposed Energy...

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GHANA: Kosmos to list on local exchange by December

(EnergyAsia, September 12 2011, Monday) — Texas, US-based Kosmos Energy plans to raise U$50 million from a proposed listing in Ghana later this year, said the Securities and Exchange Commission of the West African country. Backed by private equity firms Blackstone Group and Warburg Pincus, Kosmos owns a 23.49% stake in the offshore Jubilee oilfield,...

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