(EnergyAsia, April 22, Tuesday) — Australia’s leading coal seam gas producer, Queensland Gas Company (QGC), said it has received A$664 million in a recent transaction to form a world-scale LNG alliance with UK-based BG Group. (US$1=A$1.08). QGC chairman Robert Bryan said he was delighted that the transaction was completed ahead of schedule and in recognition...
(EnergyAsia, April 22, Tuesday) — The book contains 30 articles that examine new supplies including unconventional sources of gas, hydrates and coal-bed methane, Nabucco and Nord Stream pipelines as well as LNG, LPG and gas-to-liquids. The book which includes world gas reserves and production statistics and a global gas map also analyses the likely demand (more…)
(EnergyAsia, April 22, Tuesday) — Singapore’s KS Energy Services Limited said it has landed a US$130 million contract for the charter of its jackup rig, KS Medstar-1, to the Belayim Petroleum Company (Petrobel) starting April 11. Petrobel, a joint venture between the Egyptian General Petroleum Corporation and Italy’s Agip/ENI, will charter the rig for three...
(EnergyAsia, April 22, Tuesday) — Qatar Fuel (WOQOD), in collaboration with the Lloyd’s Register Group, is expanding its reach in the bunker supply business. WOQOD recently completed a quality management bunker fuel supply chain project with a view to accredit the quality management system for the bunker supply chain after implementing and running the system...
(EnergyAsia, April 22, Tuesday) — Australia’s crude oil production fell 3% to 120 million barrels last year, while its liquefied natural gas (LNG) output rose 8% to 699.6 billion cubic feet (15.1 million tonnes) and natural gas production surged by 10% to887.7 billion cubic feet, said the Australian Petroleum Production & Exploration Association (APPEA). APPEA...
BG Asia Pacific Pte Limited (BG) as the demand aggregator and sole importer of liquefied natural gas (LNG) into Singapore. The country’s first LNG import terminal is expected to start up in early 2012. BG and EMA last Friday signed a memorandum of agreement (MoA) which comprehensively details BG’s responsibilities in the role of the...
(EnergyAsia, April 21, Monday) —- ‘Basin Analysis Asia 2008’ will be held at Hotel Imperial Kuala Lumpur in Malaysia from May 12 to 13. The conference aims to provide a deeper understanding of the development of hydrocarbon reserves. Delegates will learn about reservoirs developments through a case study, the usefulness of stratigraphic trap risk (more…)
supplies in southeast Queensland state as a result of “urgent unplanned maintenance repairs” required on a major diesel processing plant at its Lytton refinery. The company said that diesel supplies are expected to return to normal by the end of the month. However, gasoline supplies have not been affected. It said: “Every effort is being...
McDermott Indonesia (PTMI), has been awarded a contract to construct the North Rankin B (NRB) platform substructure and piles by Woodside Energy Limited (WEL) for the North Rankin Redevelopment project in Australia. The scope of work for this contract includes the fabrication and load-out of the 22,000- metric-tonne jacket (including buoyancy tanks), 18,900 metric tonnes...
greenhouse gas emissions from its Forane® 22 production plant at the Changshu industrial facility in China, by incinerating the semiconductor and refrigerant gas, fluoroform or HFC 23, a by-product of HCFC 22 manufacture. HFC 23 is a powerful greenhouse gas, which 11,700 times as potent as carbon dioxide. Arkema said the project has been registered...
CNOOC Ltd. to jointly develop the Madura BD gas and natural gas liquids field located off the coast of Indonesia’s East Java. The agreement covers the development and further exploration of the Madura Straits production sharing contract (PSC). CNOOC Ltd will pay Husky $125 million to acquire a 50% equity interest in Husky Oil (Madura)...
Administration (EIA) expects world oil consumption to grow by 1.2 million b/d in 2008, the bulk of over 1 million b/d coming from non-OECD countries. It expects OECD consumption to climb by 90,000 b/d. Higher oil prices and slower economic growth have dampened consumption in the US, but available partial data indicate global oil consumption...
Administration (EIA) has raised its forecast of West Texas Intermediate (WTI) crude oil price to $101 per barrel in 2008 and $92.50 per barrel next year. WTI crude averaged $72.32 per barrel last year. The agency also raised its forecast for motor gasoline price to $3.36 per gallon, up 55 cents from last year. Diesel...
(EnergyAsia, April 21, Monday) — NYSE-listed AES Corporation said it has completed the $930 million purchase and transfer of assets of the 660 MW Masinloc coal-fired thermal power plant on Luzon Island in the Philippines. AES and its eight percent minority partner International Finance Corporation (IFC) paid the full purchase price upfront to complete the (more…)
(EnergyAsia, April 21, Monday) — The recently released ‘World Energy Atlas 2007’, a great source of cartographic information for the oil and gas industry, containing 139 mapping plates over 280 colour pages. The Atlas includes details of major oil and gas fields and pipelines, deepwater fields, oil refineries, underground gas storage and processing facilities, LNG (more…)
(EnergyAsia, April 18, Friday) — The ‘5th MidEast Upstream 2008’ conference will be held at the Madinat Jumeirah Hotel in Dubai from May 27 to 28.The conference follows the success of last year’s event which featured presentations from 30 leading experts who addressed more than 150 participants from the world that included representatives from government (more…)
(EnergyAsia, April 18, Friday) — The ‘3rd Renewable Energy Finance Forum China’ will be held at the Ritz Carlton Hotel in Beijing, China from May 14 to 15.As China evolves beyond a speculative venture into a well established investment opportunity, revisions to the renewable energy promotion law are being drafted to encourage the growth of (more…)
(EnergyAsia, April 18, Friday) — ISO said it has approved the creation of a project committee mandated to develop an international standard on energy management.The standard will provide all types of organisations and companies a practical and widely recognised approach to increase energy efficiency, reduce costs and improve their environmental performance by addressing both the (more…)
(EnergyAsia, April 18, Friday) — Countries need to adopt market-based “cap and trade” mechanisms to curb their greenhouse gas emissions that would support investments in alternative energy, said BP chief executive Tony Hayward.Speaking at recent renewable energy conference in the US, Hayward said despite the current buzz of activity, the alternative energy and clean-technology business...
(EnergyAsia, April 18, Friday) — Southeast Asia is solidifying its role as a major international hub for deepwater oil and gas exploration and production following a recent spate of major offshore discoveries.Discoveries of new fields off the coast of eastern Malaysia are especially promising.For example, the Kikeh field, discovered in 2002, is estimated to hold...
(EnergyAsia, April 18, Friday) — Japan’s Mitsubishi Heavy Industries Ltd (MHI) said it has agreed to license technologies for major equipment used in pressurised water rector (PWR) type nuclear power plants (NPP) including steam turbines to the Harbin Group, one of China’s three largest heavy electric machinery manufacturers.MHI said it aims to respond, through collaboration...
(EnergyAsia, April 18, Friday) — The National Iranian Oil Company (NIOC) has agreed with Indonesia’s state energy firm Pertamina to build a 300,000 b/d oil refinery in Bojonegoro, Banten.The project is expected to cost US$5.6 billion with completion expected in 2013.The partners signed a deal to go ahead with the project in early March. NIOC...
(EnergyAsia, April 18, Friday) — US-based Clean Coal Technologies Inc (CCTI) said it has signed a memorandum of understanding in Shanghai with the Shanghai Huayi (Group) Company to determine the applicability of CCTI’s technologies as a complement to Huayi’s gasification programme and other coal, chemical and environmental technologies.CCTI will also recommend the use of lower...
(EnergyAsia, April 18, Friday) — Wood Mackenzie’s latest study ‘Biofuels – Growing in commercial viability?’ shows that, contrary to consensus, world land availability is not going to restrict the supply of biofuels, but economic and technological issues will. The company therefore forecasts a lower demand for biofuels across the globe than is quoted by other...
(EnergyAsia, April 18, Friday) — Dozens of energy experts met in Manila early this month to help the Asian Development Bank (ADB) formulate a new strategic approach to increase access to modern forms of energy for the one billion people in Asia without electricity.Almost half of the world’s population does not have access to modern...