(EnergyAsia, November 19 2013, Tuesday) — Russian energy giant Rosneft is leading the country’s pivot to Asia with plans to order a fleet of liquefied natural gas (LNG) tankers from South Korea, help build a ship yard, and explore for oil and gas with state-owned PetroVietnam. Rosneft’s president and chairman, Igor Sechin, signed the agreements...
(EnergyAsia, November 19 2013, Tuesday) — The US looks set to raise liquefied natural gas (LNG) exports after the Department of Energy said it had conditionally approved an application for Freeport LNG in Texas state to sell the fuel to international buyers. The company becomes the fifth approved by the US government to export the...
(EnergyAsia, November 18 2013, Monday) — Canadian upstream firm Tethys Petroleum Limited said it is selling half its oil and gas assets in Kazakhstan to China’s SinoHan Oil and Gas Investment BV for an initial payment of US$75 million with the prospects of bonuses for future performance. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The Toronto-listed company, which is focused on...
(EnergyAsia, November 18 2013, Monday) — The port authorities of Singapore and Belgium’s Zeebrugge and Antwerp said they have signed a memorandum of understanding (MOU) to harmonise procedures for providing liquid natural gas (LNG) as a fuel for ships. http://energycontents.com/index.php?route=product/product&path=59&product_id=270 They have agreed to exchange information on LNG infrastructure, stakeholders, accreditation of bunker fuel operators,...
(EnergyAsia, November 18 2013, Monday) — Boosted by strong public investment and expansion in its non-hydrocarbon sector, Turkmenistan’s economy is set to grow by 10.1% this year and 10.7% in 2014, said the International Monetary Fund (IMF). The nation’s growing demand for imported capital goods will push the current account into deficit over the next...
(EnergyAsia, November 15 2013, Friday) — Seven months after its formation, Singapore’s Pavilion Energy has made its first move to develop a liquefied natural gas (LNG) supply portfolio with an offer to acquire a 20% stake in three Tanzania gas blocks for US$1.288 billion. Singapore Energy Series: http://energycontents.com/index.php?route=product/product&path=59&product_id=270 The subsidiary of sovereign wealth fund Temasek...
(EnergyAsia, November 15 2013, Friday) — Just days after Haiyan, the most powerful typhoon on record, made landfall in the Philippines last week, the country’s delegate delivered a big message at the 2013 UN Climate Change Conference in Warsaw, Poland. According to the US-based AccuWeather Global Weather Center, Yeb Sano told the conference: “What my...
(EnergyAsia, November 15 2013, Friday) — The development of shale, onshore oil and coal projects is posing a growing threat to water supplies in different parts of the world, according to a joint study by the World Resources Institute (WRI) and UK consultant Wood Mackenzie. The study concluded that water supplies are subject to “medium-to-extremely...
(EnergyAsia, November 14 2013, Thursday) — Brazil’s state-owned Petrobras said it has agreed to sell its Peruvian oil and gas assets to PetroChina and its parent China National Petroleum Corp (CNPC) for a total of US$2.6 billion. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The sale of Petrobras Energia Peru S.A. covers Block X, a mature field in operation since 1912...
(EnergyAsia, November 14 2013, Thursday) — Two Mongolia-focused miners have issued updates with SouthGobi Resources planning to restate its financial results between 2011 and 2013 while Guildford Coal said it has been approved to build a 98km road link to one of its mines. ASF Group, an Australia-listed investment firm, said it has beefed its...
(EnergyAsia, November 14 2013, Thursday) — China’s largest coal port operator is hoping to raise up to US$600 million after receiving approval to sell shares on the Hong Kong Stock Exchange. Qinhuangdao Port Co, which is controlled by the Hebei provincial government, is expected to offer more than 1.4 million shares to fund its expansion...
(EnergyAsia, November 13 2013, Wednesday) — China National Petroleum Corporation (CNPC) said it has jointly established a shale oil research centre with Royal Dutch Shell in Beijing, and will follow that up with the opening of a research office each in China and the US. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Housed in CNPC’s Research Institute of Petroleum Exploration and...
(EnergyAsia, November 13 2013, Wednesday) — CNOOC Limited said its wholly-owned Canadian subsidiary, Nexen Energy ULC, has signed an exclusive agreement with the British Columbia government to look into building a liquefied natural gas (LNG) plant and export terminal at Grassy Point, about 30 km north of Prince Rupert port. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The Chinese firm said...
(EnergyAsia, November 13 2013, Wednesday) — As Asia continues to pay near record high liquefied natural gas (LNG) prices, its second and third largest consuming countries are stepping up their joint campaign to change the global pricing system for the fuel. But Japan and India are fighting the near five-decade-old pricing system from positions of...
(EnergyAsia, November 12 2013, Tuesday) — In China’s drive to develop its natural gas industry, Wison Engineering Services Co Ltd is growing into the role of technology provider through joint-venture projects to convert coal into natural gas and chemicals. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The Shanghai-based firm and its partners have separately started up a coal gasification plant, secured...
(EnergyAsia, November 12 2013, Tuesday) — Canada’s Talisman Energy Inc said it has agreed to sell part of its Montney acreage in British Columbia province to Progress Energy Canada Ltd for a total cash consideration of C$1.5 billion. (US$1=C$1.05). The transaction includes 75% (about 127,000 net acres) of Talisman’s Montney position in the Farrell Creek...
(EnergyAsia, November 12 2013, Tuesday) — Asia’s demand for natural gas will grow by 3.9% per year through 2035, far ahead of oil’s 1.9% rate and coal’s 1.7%, predicts the Asian Development Bank (ADB). As the region shifts towards using cleaner burning fuel for power generation, the share of natural gas in its energy mix...
(EnergyAsia, November 11 2013, Monday) — The world’s carbon dioxide (CO2) output is still rising after reaching a record high of 393.1 parts per million (ppm) last year, well past the danger zone of 350 ppm that environmentalists say permanently changes climate patterns with detrimental effects on farming and human health. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Between 1990 and...
(EnergyAsia, November 11 2013) — China will start up the first of four proposed giant plants to convert coal into natural gas by the end of 2013, less than a decade after the government began planning for “cleaner” ways to use the nation’s vast coal reserves. Datang International Power Generation Company Ltd, which began work...
(EnergyAsia, November 11 2013, Monday) — Australia’s recently elected conservative government has kept its promise by scrapping a controversial carbon tax imposed on July 1 2012 by the former Labor Party-led regime. Tony Abbott led the Liberal-National coalition to victory in September, thanks in no small part to support from the powerful mining and oil...
(EnergyAsia, November 8 2013, Friday) — Singapore has advanced on its quest to develop liquefied natural gas (LNG) into a shipping fuel with its maritime agency announcing the completion of a study to establish technical standards and procedures for the nascent industry. Singapore Energy Series: http://energycontents.com/index.php?route=product/product&path=59&product_id=270 The Maritime and Port Authority of Singapore (MPA) said...
(EnergyAsia, November 8 2013, Friday) — Supreme Group, a Dubai-based provider of logistics services in challenging environments around the world, said it has secured a UK defence contract to supply aviation fuel and refuelling services to mostly military aircraft in 96 international civilian airports. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In a statement, Supreme Group will serve mostly Royal Air...
(EnergyAsia, November 8 2013, Friday) — “Mongolia is open for business” again after a brief period of uncertainty, declares an Australian miner developing coal deposits in the landlocked Asian country. In a special note to shareholders, Aspire Mining Limited said Mongolia’s new investment legislation from November 1 has returned the country to being a “foreign...
(EnergyAsia, November 7 2013, Thursday) — Australia’s Linc Energy said it has received “strong” approval from shareholders to leave the Australian Securities Exchange (ASX) in favour of a listing on the Singapore Exchange (SGX). Singapore Energy Series: http://energycontents.com/index.php?route=product/product&path=59&product_id=270 Energy Map of China 2013: http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Following yesterday’s vote at the company’s extraordinary general meeting in Brisbane,...
(EnergyAsia, November 7 2013, Thursday) — Australia’s mining giant BHP Billiton has agreed to sell a coal mine in the US state of New Mexico to a company owned and operated by the Navajo Nation tribe for US$85 million. Established earlier this year, Navajo Transitional Energy Co LLC (NTEC) expects to complete the acquisition of...