(EnergyAsia, December 28 2011, Wednesday) — Dutch bank ABN AMRO said it is expanding the Asian operations of its global energy, commodities & transportation (ECT), private banking and clearing businesses. Under Maaike Steinebach, CEO for ECT Asia and Country Executive for Hong Kong, the bank said it has rebuilt its regional ECT capabilities over the (more…)
(EnergyAsia, December 28 2011, Wednesday) — State-owned Ceylon Petroleum Corporation (CPC) has invited bids from contractors to build an aviation fuel storage terminal at a new international airport being built in Mattala in Sri Lanka’s fast-growing Hambantota district. The 3.6-billion-rupee terminal will support operations at what will be the country’s second international airport located in...
(EnergyAsia, December 28 2011, Wednesday) — The International Energy Agency (IEA) expects global oil demand to increase by 700,000 b/d to 89 million b/d this year, and by another 1.3 million b/d in 2012 to reach 90.3 million b/d. Its latest projections represent a downward revision of 200,000 b/d over the previous forecast issued last...
(EnergyAsia, December 28 2011, Wednesday) — China National Petroleum Corp (CNPC) said it has started up an upstream, a pipeline and a refinery in the West African nation of Niger in recent months. Over the last three years, CNPC said it has undertaken an integrated approach in developing Niger’s oil industry and economy by substantially...
(EnergyAsia, December 27 2011, Tuesday) — Brazil, the world’s 11th largest oil producer, provided the climax to a year of strong performance for Singapore’s two leading upstream oil and gas contractors, Keppel Offshore & Marine Ltd and SembCorp Marine. According to the Economist magazine, state-owned oil company, Petrobras, has laid out a capital expenditure programme (more…)
(EnergyAsia, December 27 2011, Tuesday) — US engineering firm Black & Veatch said it will provide engineering services and procure balance-of-plant equipment systems for a 1,000MW supercritical clean coal-fired power plant to be built in Malaysia’s Perak state by 2015. The company will provide technical advisory services to contractor China National Machinery Import & Export (more…)
(EnergyAsia, December 27 2011, Tuesday) — Chinese Premier Wen Jiabao will deliver the keynote speech at the 5th annual World Future Energy Summit (WFES) at the Abu Dhabi National Exhibition Centre in the UAE from January 16 to 19. Premier Wen is expected to touch on the topics of innovation, sustainable development and renewable energy (more…)
(EnergyAsia, December 27 2011, Tuesday) — International buyers of Indonesian liquefied natural gas (LNG) have been warned to brace for further cutbacks as production is forecast to fall by another 28% next year. Oil and gas regulator BPMigas said Indonesia’s three main LNG export terminals at Bontang, Arun and Aech may be able to produce...
(EnergyAsia, December 27 2011, Tuesday) — China’s apparent oil demand in November rose 2.6% year on year to 39.08 million metric tons (mt) or 9.54 million b/d – the second-highest daily rate recorded this year, according to an analysis by US energy media Platts. This figure, which was just slightly less than February’s 9.58-million-b/d, was...
(EnergyAsia, December 23 2011, Friday) — Japan’s Mitsubishi Heavy Industries Ltd (MHI) said it has received a full-turnkey order for the construction of a 1,600MW gas turbine combined-cycle (GTCC) power generation plant in Thailand. The order came from Gulf JP NS Company Limited (GNS), a wholly owned subsidiary of Gulf JP Company Limited, a 90/10 (more…)
(EnergyAsia, December 23 2011, Friday) — Dubai’s Supreme Council of Energy discussed the state of clean coal technology and its application in the emirate at its 14th meeting held last week. Chairman Sheikh Ahmed Bin Saeed Al Maktoum, presided over the meeting attended by vice chairman Saeed Mohammed Al Tayer, Secretary General and CEO Nejib (more…)
(EnergyAsia, December 23 2011, Friday) — Gull New Zealand has announced that it is adding a new 10-million-litre fuel tank to its Mount Maunganui storage terminal on the country’s North Island. Construction by Page Macrae Engineering will start next month and will boost the terminal’s capacity to 88 million litres when completed later in 2012....
(EnergyAsia, December 23 2011, Friday) — Asia, Russia and most of Europe are resisting Western pressure to further tighten trade and financial sanctions on Iran fearing their potentially catastrophic effects on the fragile global economy. China and Russia have announced their opposition to further isolate the world’s fifth largest oil exporter, while most members of...
(EnergyAsia, December 22 2011, Thursday) — Singapore-listed IEV Holdings Limited said its 30%-owned associate, IEV (Malaysia) Sdn Bhd, has been awarded a year-long RM262-million contract by an unnamed oil and gas operator in Southeast Asia to provide supply and installation services. (US$1=RM3.15). Starting this month, IEVM will provide the engineering, fabrication, delivery, hook-up and commissioning (more…)
(EnergyAsia, December 22 2011, Thursday) — US-based Louis Dreyfus Highbridge Energy (LDH) LLC said it has established a joint venture with China’s Zhejiang Zhong Ao Energy Co Ltd, to construct an oil and petrochemical import-export terminal near Shanghai city in China. Louis Dreyfus Zhong Ao Energy Co Ltd will develop the facility in Zhoushan City (more…)
(EnergyAsia, December 22 2011, Thursday) — Iran’s oil revenues have risen sharply in 2011 and will reach an all-time high of more than $100 billion for the year, according to estimates by US consultant IHS Cambridge Energy Research Associates (IHS CERA). At nearly a third higher than 2010, the revenue increase has been the result...
(EnergyAsia, December 21 2011, Wednesday) — PwC has just issued a press release (http://www.pwc.com/us/en/press-releases/2011/abundance-of-shale-gas.jhtml) for a study predicting enormous economic benefits from developing America’s abundant shale gas reserves. Predictably, and unfortunately, it does not go into detail about fracking’s equally enormous negative and troubling impact on water rights and supply. The fracking method for extracting (more…)
(EnergyAsia, December 21 2011, Wednesday) — Amid major celebrations of a breakthrough oil deal and its 20th anniversary of independence from Soviet rule on December 16, Kazakhstan was suddenly faced with the biggest outbreak of deadly anti-government violence in recent memory. As many as 50 people, including several retrenched oil workers, were reported killed during...
(EnergyAsia, December 21 2011, Wednesday) — World oil consumption will rise by 900,000 b/d in 2011, and by 1.1 million b/d to 88.9 million b/d next year, said the Organisation of Petroleum Exporting Countries (OPEC) in its latest monthly forecast. Compared with last month’s forecast, the cartel has kept unchanged its expectations for world oil (more…)
(EnergyAsia, December 21 2011, Wednesday) — Germany’s Conergy said it has been selected by CH Karnchang Public Company Limited to supply the components as well as jointly serve as the engineering and design consultants for its 9MW solar park in Thailand. Conergy will work closely with local partner Ensys Co Ltd who will provide the (more…)
(EnergyAsia, December 21 2011, Wednesday) — Arab Petroleum Investments Corp (APICORP), a development bank owned by 10 Arab oil-producing nations, and National Bank of Fujairah PSC have agreed to lend the first tranche of a US$110 million loan for the construction of an oil storage terminal in Fujairah in the UAE. In a statement, APICORP, (more…)
(EnergyAsia, December 20 2011, Tuesday) — Uzbekistan has proved natural gas reserves of three trillion cubic metres and probable reserves including the Caspian Sea shelf of 5.9 trillion cubic metres. Its main markets are Tajikistan, Kyrgyzstan, Kazakhstan, Russia and China, exporting nearly a quarter of its annual production of more than 60 billion cubic metres...
(EnergyAsia, December 20 2011, Tuesday) — China could triple its domestic production of liquefied natural gas (LNG) to 7.5 million tonnes a year by 2015, according to the China Petroleum and Chemical Industry Federation. The industry group said China now has more than 20 LNG production plants in operation and is building at least another...
(EnergyAsia, December 20 2011, Tuesday) — Russia is stepping up its opposition to plans to develop pipelines to export oil and gas from Central Asia to Europe. While China has made significant progress in expanding pipeline access to oil and gas reserves in Turkmenistan, Kazakhstan and Uzbekistan, Russia appears more worried about the numerous proposed...
(EnergyAsia, December 20 2011, Tuesday) — BP Australia has officially started up its new bitumen and marine fuel import terminal on the Brisbane River at Pinkenba in Queensland state. The marine fuel terminal comprises new tanks with the capacity to store 30,000 tonnes and a dedicated barge wharf supported by a new double-hulled bunker barge (more…)