(EnergyAsia, May 3 2010, Monday) — Singapore’s Building Construction Authority and local property developer City Developments Limited (CDL) said they will be jointly organising a competition to raise awareness and engage tertiary students in the greening of the built urban environment. In Singapore, buildings and households account for about half of the nation’s total electricity...

(EnergyAsia, May 3, 2010) — The Asian Development Bank (ADB) said it will provide US$2 million as technical assistance to develop and implement access to clean energy projects for many people in Asia. An estimated 800 million people in the region’s developing nations have no access to basic electricity services while some 1.8 billion people...

(EnergyAsia, May 3 2010, Monday) — Germany’s Conergy AG said it has erected a 3MW photovoltaic plant to supply power to the local rural population around the city of Itnal in India’s Karnataka province. The plant, one of the largest PV stations in the country, will supply electricity to power 400 water pumps, provide lighting...

(EnergyAsia, May 3 2010, Monday) — China WindPower Group Limited, an integrated wind power company, said it has signed a strategic alliance agreement with the Liaoning branch of the China Construction Bank Corporation Limited (CCBC) as well as secure a RMB5 billion credit line with the bank for its business expansion. CCBC will promote extensive...

(EnergyAsia, May 3 2010, Monday) — US-based Solar Thin Films Inc said its soon-to-be subsidiary BudaSolar Technologies Co Ltd has signed a US$85 million contract with China City Investments Limited to provide the technology for turnkey production lines for a plant in Dalian city in China. The plant has a 85MWp/year capacity using silicon-based thin...

(EnergyAsia, May 3 2010, Monday) — Sinopec, China’s biggest refiner, has agreed to pay ConocoPhillips a generous C$4.65 billion to take over its 9.03% stake in oilsands producer Syncrude Canada Ltd. Analysts said the price represents a rough 10% premium over spot market valuation, which ConocoPhillips had held out for since it put its stake...

(EnergyAsia, April 30 2010, Friday) — India may still need more crude oil from Saudi Arabia despite recently signing a contract to raise term lifting by 56% to 40 million tonnes a year from 25.5 million tonnes currently. In February, the two countries agreed to the increased volume following a meeting between Ali al-Naimi, Saudi...

(EnergyAsia, April 30 2010, Friday) — Myanmar’s government is selling off 246 fuel retail outlets in an attempt to stabilise fuel prices, which it blames for contributing to runaway inflation. The 246 stations, owned by the Myanmar Petroleum Product Enterprises, are located mostly in Yangon, Mandalay, Bago, Ayeyarwady and Shan. The Privatisation Committee has issued...

(EnergyAsia, April 30 2010, Friday) — PetroChina, one of the world’s biggest oil and companies, said its 2009 net profit fell 9.7% to 103.39 billion yuan on the effects of falling energy prices compared with 2008’s record levels. (US$1=6.82 yuan). The integrated company reported a turnover of RMB1.02 trillion, and basic earnings of RMB0.56 per...

(EnergyAsia, April 30 2010, Friday) — US supplier and oil-field support company Baker Hughes has launched a $35 million “Superbase” facility in Dhahran city in Saudi Arabia. The centre features laboratories, offices, repair and maintenance shops and offsite monitoring facilities. Saudi Aramco senior vice president of exploration and production Amin H. Nasser said Baker Hughes...

(EnergyAsia, April 30 2010, Friday) — Qatar is interested to invest in a regasification venture in Venezuela and a natural gas pipeline to Turkey. Khalid bin Mohammed al-Attiyah, Qatar’s acting Business and Trade Minister, said his government may invest US$800 million in a joint regasification venture with Venezuelan state oil company PDVSA. He said current...

(EnergyAsia, April 30 2010, Friday) — Hindustan Petroleum Corp (HPCL), India’s third-largest refiner, is considering investing 250-billion rupees to build a new refinery to meet strong domestic fuel demand. (US$1=45 rupees). The company is expected to launch a study for the proposed 20-million-tonne-per-year plant to be built along the Indian coast south of Mumbai. HPCL...

(EnergyAsia, April 30 2010, Friday) — The Indonesian government has announced that it will not be extending expiring contracts for liquefied natural gas (LNG) exports as it plans to divert supply to meet domestic consumption. Industry Minister M. S. Hidayat said the country’s three LNG plants at Arun in Aceh, Badak in East Kalimantan and...

(EnergyAsia, April 29 2010, Thursday) — AccuWeather.com said oil leaking from an oil well and TransOcean’s sunken rig in the Gulf of Mexico is spreading and could reach the beaches along four states this weekend. While sunshine and calm seas will aid in cleanup efforts of the Deepwater Horizon rig through Wednesday, thunderstorms, increasing winds...

(EnergyAsia, April 29 2010, Thursday) — Vopak Horizon Fujairah said it is planning to add 606,000 cubic metres to boost its total storage capacity in the UAE to more than 2.1 million cubic metres by the first quarter of 2012. The decision was made in response to growing demand as the Port of Fujairah is...

(EnergyAsia, April 29 2010, Thursday) — US engineering firm CB&I said it and Japan’s Toyo Engineering Corporation have fulfilled their engineering, procurement and construction contract work for Shell Eastern Petroleum Ltd on its ethylene cracker project in Singapore. The complex, which has started producing ethylene and propylene, is an integral component of the Anglo Dutch...

(EnergyAsia, April 29 2010, Thursday) — Dutch oil and chemical logistics giant Royal Vopak said it has opened the first independent import and distribution terminal for oil products in Jakarta in Indonesia. A ceremony marking the opening of the 250,800-cubic metre terminal in Tanjung Priok earlier this month was attended by the Indonesian Coordinating Minster...

(EnergyAsia, April 29 2010, Thursday) — Brazil’s state energy giant Petrobras said it has signed a broad strategic cooperation agreement with China Petrochemical Cooperation (Sinopec) and China Development Bank Corporation (CDB), building on a memorandum of understanding (MOU) it had earlier signed with Sinopec last May. The new agreement covers enhanced cooperation between Petrobras and...

(EnergyAsia, April 28 2010, Wednesday) — Singapore’s Keppel FELS Ltd said it earned a US$400,000 bonus for delivering the third DSSTM 21 deepwater semisubmersible drilling rig to Maersk Drilling 43 days ahead of schedule and with a perfect safety record. DSSTM Series rigs are highly cost effective exploration units capable of drilling down 10,000 metres...

(EnergyAsia, April 28 2010, Wednesday) — EOC Limited, an Asian provider of offshore oil and gas support services, said its first floating production, storage, and offloading (FPSO) vessel, the Lewek Arunothai, contributed strongly to its performance for the first half of its 2010 financial year ended February 28. The company’s its net attributable profit rose...

(EnergyAsia, April 28 2010, Wednesday) – Singapore’s upstream company Ramba Energy Limited said it has secured its first oil and gas producing asset in Indonesia after nearly seven months of negotiations. It paid US$9.72 million for Ellipse Energy Jatirarangon Wahana Ltd (EEJW) which owns the assets in Cikarang in Indonesia’s West Java province. (US$1= S$1.38)....

(EnergyAsia, April 28 2010, Wednesday) — Led by China, India and the Middle East, world oil demand will rise by a total of five million b/d over the next five years, said Kuwaiti Oil Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah. Speaking at the 18th Middle East Oil and Gas Conference in his country, Mr Al-Sabah...

MARKETS: IEA expects world oil demand to grow by 1.7 million b/d to 86.6 million b/d in 2010 (EnergyAsia, April 28 2010, Wednesday) — World oil demand is expected to rise by 1.7 million b/d to 86.6 million b/d in 2010, said the International Energy Agency (IEA). In its latest monthly report on the state...

(EnergyAsia, April 28 2010, Wednesday) — A damaged oil well in 5,000 feet of water off the coast of Louisiana state in the US is leaking an estimated 1,000 b/d of crude oil into the Gulf of Mexico, posing a “very serious” threat to the marine life and ecosystem. According to the US Coast Guard,...