(EnergyAsia, November 5 2012, Monday)— China’s surplus refining capacity will increase substantially by 2014 as it would have built up 1.4 million b/d of new CDU capacity while oil products demand may only grow by 300,000 b/d, said US consultant ESAI. Restrictions on exports will force refineries to cut utilisation rates, leaving China to become...
(EnergyAsia, November 2 2012, Friday) — Cambodians for Resource Revenue Transparency (CRRT) will host a one-day conference entitled, “Best Practices of Governance in Extractive Industries and Revenue Management,” at the Cambodiana Hotel in Phnom Penh today. The conference, attended by representatives from the Association of South East Asia Nations (ASEAN), will also include representatives of (more…)
(EnergyAsia, November 2 2012, Friday) — Puma Energy, a fast-growing global mid and downstream energy company, said it has completed the acquisition of Chevron Kuo Pte Ltd, a Singapore entity which owns 70% of Chevron Bitumen Vietnam Limited (CBVL). The new company will be called Puma Energy Bitumen Vietnam Ltd and its assets will be (more…)
(EnergyAsia, November 2 2012, Friday) — Conergy, a market leader in providing off-grid installations and solar energy solutions, said it has completed a 900 kilowatt peak stand-alone project for the Madhya Pradesh Forest Department (MPFD) in India. The German firm said it had been engaged by the MPFD to supply their ranger offices with clean (more…)
(EnergyAsia, November 2 2012, Friday) — Australia-listed coal miner Cougar Energy Limited has set its sights on becoming a diversified global energy company following a detailed strategic review of its business model. Describing it as a significant shift, the company’s recently appointed CEO and managing director, Rob Neill, said the new direction underpins its expansion...
(EnergyAsia, November 1 2012, Wednesday) — UK’s BG Group said it has agreed to sell to China National Offshore Oil Corporation (CNOOC) some of its interests in the Queensland Curtis LNG (QCLNG) project in Australia for US$1.93 billion and additional liquefied natural gas (LNG) supply from its global portfolio. The agreements are expected to be (more…)
(EnergyAsia, November 1 2012, Wednesday) — Australia-listed Cougar Energy said it recently signed a memorandum of understanding (MOU) with Hulaan Coal Corp with the view to studying the potential of the Mongolia-focused miner’s coal assets for gasification development. Canadian-owned Hulaan owns a broad portfolio of thermal and potential coking coal assets in the landlocked Asian (more…)
(EnergyAsia, November 1 2012, Wednesday) — Many countries are turning to solar technology and renewable energy because of a need for alternative energy sources and environmental concerns. To help meet these needs, Norway’s DNV has developed SUNdy, a large-scale offshore solar field concept which was launched at last week’s SIEW event in Singapore. DNV said (more…)
(EnergyAsia, November 1 2012, Wednesday) — After decades of rumours, speculation and planning, Southeast Asia is finally taking off as a regional oil storage hub that could mirror the Amsterdam-Rotterdam-Antwerp hub in Europe. Once confined to land-constrained Singapore, the action has begun spilling over to nearby islands and coastal towns in neighbouring Malaysia and Indonesia...