(EnergyAsia, May 2 2013, Thursday) — Western Canada is emerging as a strong frontline beneficiary of Japan’s plan to invest heavily in infrastructure and hydrocarbon reserves abroad to secure long-term energy supplies for its embattled economy. Japanese officials attending last month’s inaugural Pacific Energy Summit in Vancouver city tipped the resources rich provinces of British...
(EnergyAsia, May 2 2013, Thursday) — The US Energy Information Administration (EIA) has slashed its forecasts for both global oil demand and supply growth over the next two years. On account of slower growth in the emerging economies and Europe, the EIA’s April forecast calls for world consumption to grow by one million b/d to...
(EnergyAsia, May 2 2013, Thursday) — Malaysian state energy firm Petronas said the first customer for its proposed liquefied natural gas (LNG) project in Canada’s British Columbia province has agreed to purchase 10% of its output for 20 years. Petronas and its Calgary, Alberta-based subsidiary, Progress Energy Canada Ltd, expect their jointly owned Pacific NorthWest (more…)
(EnergyAsia, May 2 2013, Thursday) — Singapore-listed coal miner, Geo Energy Resources Limited, said it has signed a conditional agreement to acquire an Indonesian mine concession, making this its fifth for the year. Geo Energy said the 4,600-hectare concession area holds at least 40 million metric tonnes of coal reserves of 7,200 kilocalorie per kg...