(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...
(EnergyAsia, November 6 2013, Wednesday) — China Metallurgical Group Corporation (CMTCC) said it has started up a coal-washing facility in the far western region of Xinjiang. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The washery was built as part of the group’s 2.4-million tonnes/year coking coal project undertaken by subsidiary Xinjiang Fukang Yongxin Coalification Company. The project’s contractor, Northwest Company of...
(EnergyAsia, November 6 2013, Wednesday) — Finland’s Wartsila said it has secured an order from Indonesia’s state-owned PT Wijaya Karya (Persero) Tbk to supply a 184MW gas-fired power plant for construction in Aceh in Sumatra province. PT Wijaya Karya (Persero) Tbk, a government-owned company and one of Indonesia’s biggest construction contractors which placed the order,...
(EnergyAsia, November 5 2013, Tuesday) — Singapore Exchange (SGX) plans to offer electricity futures trading in the second half of next year, enabling consumers and producers to hedge as well as lock in their energy costs. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 SGX said it is working with six of the country’s main power-generation companies, YTL PowerSeraya Pte Ltd, Senoko...
(EnergyAsia, November 4, 2013, Tuesday) — Resources giant Rio Tinto will focus its Australian coal operations on the Kestrel and Hail Creek coking coal mines following the proposed sale of its majority stake in the Clermont thermal coal mine, all located in Queensland state. Ten days after a ceremony marking the US$2 billion extension of...
(EnergyAsia, November 4 2013, Monday) — Leighton Contractors Pty Limited said it has secured a three-year contract worth A$249 million to provide mining, operating and maintenance services for the Isaac Plains coal project in Australia’s Queensland state. (US$1=A$1.05). http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In a statement to the Australian Securities Exchange Limited, the company said it was awarded the...
(EnergyAsia, November 1 2013, Friday) — State energy firm Sinopec is planning to invest 183 billion yuan in a massive project in China’s Xinjiang region to convert coal into natural gas for use in the country’s eastern provinces. (US$1=6.1 yuan). http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Located in the Zhundong area of the region’s Changji Hui autonomous prefecture, the plant...
(EnergyAsia, October 31 2013, Thursday) — Sitting atop the world’s third largest natural gas reserves, Qatar has grown rapidly to become the largest global liquefied natural gas (LNG) exporter, but it will be challenged later this decade by Australia, East Africa and North America, predicts UK-based research firm Business Monitor. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In response, Qatar is...
(EnergyAsia, October 30 2013, Wednesday) — A think-tank has advised Canada to temper its excitement over prospects that the nascent liquefied natural gas (LNG) industry in British Columbia (BC) could generate C$1 trillion in revenue, create more than 100,000 new jobs and deliver the province to debt-free nirvana by 2046. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In describing BC as...
(EnergyAsia, October 30 2013, Wednesday) — The Australian developers of two large separate natural gas projects in Queensland state have agreed to swap product and share infrastructure to speed up implementation as well as save hundreds of millions of dollars in construction, operating and maintenance costs. The operators of the Santos GLNG and Australia Pacific...
(EnergyAsia, October 29 2013, Tuesday) — Wartsila, a leading solutions provider to the marine industry, said it has won contracts to supply propulsion systems for two liquefied natural gas (LNG) carrier vessels and four ocean rescue vessels now under construction in separate shipyards in China. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The Helsinki, Finland company will also supply its proprietary...
(EnergyAsia, October 28 2013, Monday) — Three companies involved in the energy business have announced senior management changes. Singapore LNG Corp (SLNG), the operator of the country’s first liquefied natural gas (LNG) terminal, has named John Ng, the former CEO of YTLPower Seraya Pte Ltd, to succeed Neil McGregor as CEO from December 1. Singapore...
(EnergyAsia, October 28 2013, Monday) — Japan’s Idemitsu Kosan Co Ltd is advancing plans to develop and export natural gas from Canada with its proposed acquisition of a stake in a privately held midstream company based in Alberta province’s Calgary city. AltaGas Idemitsu Joint Venture Limited Partnership (AIJVLP), Idemitsu’s equal joint venture with Canada’s AltaGas,...
(EnergyAsia, October 25 2013, Friday) — Singapore’s Nanyang Technological University (NTU) has announced that it is establishing an advanced maritime energy test facility, making it the first in Southeast Asia. The facility will be open to scientists and engineers from industry and academia to research and develop alternative fuels, fuel additives, and engine emissions and...
(EnergyAsia, October 25 2013, Friday) — US WTI crude fell below US$100 a barrel this week for the first time since July 10 as traders focused all attention on the continuing weakness in the world economy, led by the impact of the recent US government shutdown and need for monetary stimulus. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In New York,...
(EnergyAsia, October 24 2013, Thursday) — Faced with declining investor interest in its oil patch and weakening prices, Canada’s Alberta province is pushing against the tide to expand ties with China as a source of capital and a market for its exports. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 After last year’s nail-biting finish to CNOOC Ltd’s C$15 billion acquisition of...
(EnergyAsia, October 24 2013, Thursday) — Hong Kong-listed Brightoil Petroleum (Holdings) Limited said China’s highest policy making body has approved its application to build an oil storage and terminal complex with the capacity to handle vessels of more than 10,000 deadweight tonnes (DWT) in Zhejiang Province’s Zhoushan port city. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Subsidiary Zhoushan Brightoil Terminal Co...
(EnergyAsia, October 23 2013, Wednesday) — Brazil has awarded the rights to explore and develop its giant offshore Libra oilfield to a sole bid from a five-member international consortium led by its state-owned oil and gas company Petrobras. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Petrobras, the operator with a 40% stake, will jointly develop the field’s estimated eight to 12...
(EnergyAsia, October 22 2013, Wednesday) — Penwell Corp said its two energy events, featuring conferences and exhibitions, in Bangkok, Thailand earlier this month attracted a record attendance of more than 7,800 delegates and visitors from over 70 countries. POWER-GEN Asia and Renewable Energy World Asia, billed as the region’s premier conference and exhibition for the...
(EnergyAsia, October 22 2013, Tuesday) — Heavily-indebted Russian oil and gas giant Rosneft has agreed to form a 51/49 joint venture with cash-rich China National Petroleum Corp to develop its reserves in eastern Siberia as part of a long-term plan to expand energy ties between the two countries. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The two companies will develop the...
(EnergyAsia, October 21 2013, Monday) — Shanghai-based Wison Engineering said it has secured a contract from Erdos Jinchengtai Chemical Co to provide engineering services for the second phase of a major plant in Erdos or Ordos city in Inner Mongolia to convert coal to methanol. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Wison Engineering, a major contractor for PetroChina, said it...
(EnergyAsia, October 21 2013, Monday) — Brushing aside any concerns for rising carbon emissions and air pollution, China and India will help boost the world’s coal use by 25%, making it the leading fuel by 2020, said Wood Mackenzie. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Speaking at last week’s World Energy Congress in South Korea, the UK energy consulting firm...
(EnergyAsia, October 18 2013, Friday) — Norwegian classification and inspection society DNV GL has released a set of recommended practices to increase the safe and efficient handling and use of liquefied natural gas (LNG) as a shipping fuel around the world. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The practices are aimed at harmonising disparate practices in international bunker fuel operations,...
(EnergyAsia, October 18 2013, Friday) — The US will be the world’s leading producer of liquid hydrocarbons this year, but will remain substantially behind in crude oil production, declared New York City-based consulting firm PIRA Energy Group. At a recent seminar, PIRA predicted that US production of crude oil, condensates, natural gas liquids, biofuels and...
(EnergyAsia, October 17 2013, Thursday) — India will account for 23% of more than US$10 trillion in investment required to meet the energy needs of Asia’s developing countries from 2010 to 2035, said the Asian Development Bank (ADB). In its “Energy Outlook for Asia and the Pacific” report, the bank said India’s energy investment requirement...