(EnergyAsia, June 4 2012, Monday) — Caving in after days of angry protests and reports of fuel hoarding in major Indian cities, state-owned oil refiners said they partially rolled back a 10%-11% hike in gasoline prices on June 3. In New Delhi, gasoline now costs 71.16 rupees a litre instead of the record 73.18 rupees (more…)
(EnergyAsia, June 4 2012, Monday) — The International Monetary Fund (IMF) expects the economies of sub-Saharan Africa to grow by an average 5.5% this year, continuing from last year’s average 5% rise despite the uncertain global outlook. In its 2012 Regional Economic Outlook for the region, the IMF said new resource production in Angola, Niger, (more…)
(EnergyAsia, June 4 2012, Monday) — Australia’s Pan Asia Corp has declared that its flagship thermal coal project Transcoal Minergy Coal (TCM) in Indonesia’s South Kalimantan province is technically and financially feasible. In a statement, the company said a study carried out by Indonesian mining equipment group PT Kopex Mining Contractors expects the mine to (more…)
(EnergyAsia, June 1 2012, Friday) — State-owned Bharat Petroleum Corp Ltd (BPCL) is looking to re-start a subsidiary’s fire-damaged refinery in the northern state of Assam by early June. Fire, believed to have been deliberately started, damaged a 22,000 b/d hydrocracker unit at the 60,000 b/d refinery in Numaligarh town on April 7. BPCL owns...
(EnergyAsia, June 1 2012, Friday) — Australian underground coal gasification company Cougar Energy which is waging a legal battle with the Queensland government is looking for a new CEO following the resignation of embattled founding chief Len Walker. The company said Dr Walker will remain as a board and executive director to share his expertise (more…)
(EnergyAsia, June 1 2012, Friday) — Australia’s Queensland state has given conditional approval to the development of a A$10 billion coal mine in the untapped Galilee Basin owned by Indian infrastructure group GVK and mining tycoon Gina Rinehart. (US$1=A$1.02). GVK described the conditional approval as an important step towards the Alpha Coal Project receiving final (more…)
(EnergyAsia, June 1 2012, Friday) — Canada’s Prophecy Coal Corp said it has signed a cooperation covenant with the Energy Authority of Mongolia, targeting to start up the 600 MW Chandgana power project by 2016. The covenant provides support for the construction and operation of the plant comprising four units of 150 MW capacity each (more…)