(EnergyAsia, March 2 2012, Friday) — Rotary Engineering Limited, a Singapore-listed provider of engineering, procurement, construction and maintenance (EPCM) services to the oil, gas and petrochemical industries, has reported a net profit of S$31 million on revenue of S$530.9 million for the year ending December 31 2011. This compared to S$63.7 million and S$704.2 million (more…)

(EnergyAsia, March 2 2012, Friday) — Dyna-Mac Holdings Ltd, a Singapore-based provider of engineering, procurement and construction (EPC) services to the offshore oil and gas and marine construction sector, said it made a net profit of S$5.6 million for the seven-month period ended December 31 2011, down from S$12.3 million for the same period in (more…)

(EnergyAsia, March 2 2012, Friday) — US major Chevron Corporation said its subsidiary, Chevron Nigeria Limited, has confirmed the start-up of oil production from the deepwater offshore Usan project in Nigeria. Operated by Total E&P Nigeria Limited which owns a 20% stake, the project will utilise a floating production, storage and offloading (FPSO) vessel with (more…)

(EnergyAsia, March 2 2012, Friday) — Dubai Electricity and Water Authority (DEWA) said it has launched two main 400/132KV substations and extended overhead lines at total cost of 900 million dirham. (US$1=3.7 dirham). Work on the two substations at Al Aweer and Meydan included extending 400KV overhead lines throughout Mushrif, Warsan, Meydan and Jebel Ali. (more…)

(EnergyAsia, March 1 2012, Thursday) — As a long-term strategy to reduce poverty, Asia should adopt a package of measures that combines people’s access to modern energy for heating, cooking and electricity with the ability to generate cash, supplement incomes and improve health and education The UN Development Programme (UNDP) recently unveiled this ‘energy plus’ (more…)

(EnergyAsia, March 1 2012, Thursday) — A consortium comprising Japanese trading house Marubeni and US engineering firm Black & Veatch has completed the fifth phase of a combined-cycle cogeneration plant in southern Thailand for the Glow Energy Public Company, Ltd. The low-emissions natural gas plant delivers a clean, reliable source of steam and electricity to Thailand’s (more…)

(EnergyAsia, March 1 2012, Thursday) — India’s Thermal Powertech Corporation India Limited (TPCIL) has secured 10 years of coal supply from Indonesia’s PT Bayan Resources Tbk for its new 1,320 power plant due to start up in Andhra Pradesh state in 2014. Singapore’s SembCorp Industries, which owns a 49% stake in TPCIL, said PT Bayan will (more…)

(EnergyAsia, March 1 2012, Thursday) — Dubai’s Supreme Council of Energy (SCE) recently reviewed the implementation of the emirate’s strategy to ensure the long-term sustainable supply of natural gas. The review of Dubai’s Integrated Gas Strategy 2030 was led by the SCE’s chairman, Sheikh Ahmed bin Saeed Al Maktoum, who chaired its 15th meeting at (more…)

(EnergyAsia, March 1 2012, Thursday) — The US Securities and Exchange Commission (SEC) has charged two Chinese executives linked to previously NYSE AMEX-listed Puda Coal with defrauding investors of hundreds of millions of dollars by stealing and selling the mining company’s assets in China. The SEC lawsuit charges Zhao Ming, the current chairman of Puda (more…)