(EnergyAsia, July 7, Monday) — ‘Clean Energy and Power Generation 2008’ will be held in Kuala Lumpur, Malaysia on August 14 to 15. Asia is racing to meet its growing energy demand while faced with the threats of global warming and the global depletion of natural resources. The region is exploring alternative energy options to (more…)
(EnergyAsia, July 7, Monday) — Pakistan’s Ministry of Petroleum and Natural Resources has called for reducing the number of oil refinery depots in the country to 11 from 29 now. The ministry said the move could enable the government to save around Rs1.8 billion per year, primarily due to freight savings. (US$1=Rs68). The proposal calls...
(EnergyAsia, July 7, Monday) — Qatar Islamic Bank (QISB) said it may help raise funds for a US$5 billion oil refinery and petrochemicals project in Malaysia. A little known Malaysian company Gulf Petroleum Ltd has proposed to build a 150,000 b/d refinery linked to a petrochemical plant in Malaysia’s northern state of Perak. Gulf Petroleum...
(EnergyAsia, July 7, Monday) — China’s energy demand growth is unlikely to be significantly slowed down by last month’s surprise hike in domestic fuel and electricity prices. On June 20, the government increased the price of gasoline by RMB1,000 per tonne to RMB6,980. (US$1=RMB6.86). Diesel prices also went up by RMB1,000 tonne to RMB6,520, while...
(EnergyAsia, July 7, Monday) — Refiners BP and Caltex have increased their diesel supplies to Western Australia state to help consumers there deal with a severe gas supply shortfall. A mini supply crisis has erupted following last month’s explosion at a major offshore gas facility operated by Apache Energy on Varanus Island. Prime Minister Kevin...
(EnergyAsia, July 7, Monday) — Keppel Shipyard Ltd, a wholly owned subsidiary of Singapore’s Keppel Corporation, said it is on track to deliver a floating production storage operating (FPSO) vessel, Lewek Arunothai, to EOC Limited for a Southeast Asian client. The 725,000-barrel unit was is the first FPSO that Keppel Shipyard has converted for Singapore-based...
(EnergyAsia, July 7, Monday) — On the basis of US crude futures, world oil prices have risen by more than 40% in the first half of 2008, closing above US$141 a barrel on the last day of June. Progressively, the impact of US$100 oil, first breached on January 2, has started to hurt consumers and...
(EnergyAsia, July 7, Monday) — Former British Prime Minister Tony Blair and a non-government organisation, The Climate Group, recently launched a new climate report at the G8 Leaders’ Summit in Japan. The report, “Breaking the Climate Deadlock: A Global Deal for Our Low Carbon Future,” was presented to Japanese Prime Minister Fukuda. Mr Blair said...
(EnergyAsia, July 7, Monday) — Swedish firm SEKAB BioFuels & Chemicals has claimed to be the first company in the world to supply verifiable sustainable ethanol. Its ethanol from Brazilian sugarcane satisfies all stringent environmental, climate and social standards of production, said executive vice president Anders Fredriksson. SEKAB said it and “progressive Brazilian producers” have...
(EnergyAsia, July 7, Monday) — Australia’s Origin Energy Limited said it is rejecting an unsolicited takeover offer from UK’s BG Group plc. (US$1=A$1.03). The company will recommend shareholders to reject BG’s improved bid of A$15.50 cash per share as undervaluing its assets. (US$1=A$1.03). In rejecting BG’s offer on May 30, Origin said its board took...
(EnergyAsia, July 4, Friday) — ‘Reservoir Engineering Principles and Practices’ will be held at the Sheraton Towers hotel in Singapore from August 4 to 7. With soaring oil and gas prices and depleting reserves, the latest applications and innovative technologies encompassing reservoir engineering are becoming more essential and crucial for companies exploring and producing oil (more…)
By Rasheedah Mahfuz (EnergyAsia, July 4, Friday) — Penguin Marine Offshore Services Pte Ltd (PMOS), a wholly-owned subsidiary of Singapore’s Penguin International Limited, said it has been awarded a logistics management contract to support the development of ‘The World’ islands project in Dubai. The contract, with the potential to generate revenues of US$200 million (more…)
(EnergyAsia, July 4, Friday) — ‘Infrastructure Security in Oil and Gas 2008’ will be held in Kuala Lumpur, Malaysia from August 12 to 13. The security and availability of oil is critical as it directly affects the world’s economic, political and social stability. Topics addressed include regulations governing energy infrastructure security, vulnerability assessment methodology, effective (more…)
(EnergyAsia, July 4, Friday) — US-based EcoloCap Solutions said it has signed an agreement that will help Vietnam reduce 3.1 million tons of greenhouse gas emissions through carbon credits trade under the Clean Development Mechanisms of the Kyoto Protocol involving five hydro power projects. EcoloCap said it is participating in the development of the projects...
(EnergyAsia, July 4, Friday) — For the second time in successive week, Keppel Verolme BV, the Dutch shipyard subsidiary of Singapore’s Keppel Corp, has been hit by problems with a customer in Norway Keppel said it has been notified by Norway’s MPU Offshore Lift ASA that it is filing for bankruptcy, forcing Keppel Verolme to...
(EnergyAsia, July 4, Friday) — Energtek Inc of the US and DML Pte Ltd of Singapore said they have established a US$25 million joint venture to commercialise Energtek’s ‘Adsorbed Natural Gas (ANG)’ technology in Southeast Asia. The joint venture, Energtek Far East Pte Ltd, will aim to enable vehicle owners and industrial businesses to use...
(EnergyAsia, July 4, Friday) — Singapore’s plan for clean energy leadership has received the backing of a panel of international experts which recently held its inaugural meeting last month. The panel endorsed Singapore’s focus on developing: • R&D capabilities to drive clean energy applications and industry growth; • A vibrant clean energy ecosystem with activities...
(EnergyAsia, July 4, Friday) — Adsorbed Natural Gas (ANG) technology developer Energtek Inc said it has signed a memorandum of understanding (MOU) with a natural gas distribution company in India’s Uttar Pradesh state. The MOU advances gas bulk transportation projects utilising Energtek’s proprietary low-pressure mobile pipeline (LMP) technology. Energtek said it aims to transport natural...
(EnergyAsia, July 4, Friday) — Leading power and automation technology group ABB said it has won a $70-million order from China’s State Grid Corp for the supply of a new power link in the country’s northeastern region. The new high-voltage, direct current (HVDC) link will transmit 3,000 megawatts (MW) of power over 920 kilometers from...
(EnergyAsia, July 4, Friday) — Shell Gas & Power Developments BV (Shell) has issued a formal invitation to tender for the front-end engineering and design (FEED) and engineering, procurement and construction of a 3.5-million-tonne-per-year floating liquefied natural gas (FLNG) facility. The tender was issued to three consortia comprising engineering and shipyard contractors who have been...
rethink is needed on how cities manage growth because the current approach is no longer economically, environmentally or socially sustainable, said the Asian Development Bank (ADB) at the recent World Cities Summit in Singapore. ADB President Haruhiko Kuroda said providing jobs and services for the 1.1 billion people who will move to cities in Asia...
first half of 2008 to fall to between A $175 million and A$195 million compared with A$294 million for the same period last year. (US$1=A$1.04). It expects profit for fuel and non-fuel items in the first half to range between 1.7 and 1.9 Australian cents per litre, after taking into account government taxes totalling more...
factories and capital equipment for the manufacture of photovoltaic cells and modules, said it has delivered advanced solar module production equipment to ET Solar Group in China. The module manufacturing equipment delivered to ET Solar includes Spire’s most current process technology. With this equipment, the line will be capable of annually producing up to 15...
said it has established a marketing and sales company in China through a joint venture with the Chinese Academy of Launch Technology (CALT). CALT is China’s largest and most important organisation for the research, development and production of launching technologies. CALT has been active as a developer and operator of wind farms in China since...
markets and support high prices through to at least 2013, said the International Energy Agency. In its most definitive pronouncement, the agency told the world to expect “supply constraints, refinery limitations and continued demand growth in key emerging markets” to maintain pressure on the oil markets. “Record prices in the oil market in recent...