(EnergyAsia, October 17 2013, Thursday) — Swiss engineering giant Foster Wheeler AG said a subsidiary of its Global Engineering and Construction Group has been awarded a contract to undertake a pre-feasibility study and market report for a proposed aromatics plant in Kuwait. Foster Wheeler said it expects the subsidiary to submit the study to Kuwait’s...
(EnergyAsia, October 16 2013, Wednesday) — Asian countries should set up cross-border power exchanges to help the region meet its fast-growing electricity demand which is set to sharply outpace the rest of the world’s over the next two decades, said the Asian Development Bank (ADB). The bank recommended this measure in releasing its annual “Energy...
(EnergyAsia, October 16 2013, Wednesday) — As Russia continues shifting its political and economic focus to Asia, its energy trade with China could quadruple to over 100 million tonnes of oil equivalent (Mtoe) by 2025, predicts consulting firm Wood Mackenzie. Agreements for oil, coal and power supply have already been struck and while negotiations on...
(EnergyAsia, October 14 2013, Monday) — Canada and Japan last Friday signed a “statement on oil and gas cooperation” to raise their bilateral energy relationship. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 According to Canada’s Department of Natural Resource (NRCan), the two governments have agreed to establish a policy dialogue and annual high-level meeting to encourage cooperation on trade and investment...
(EnergyAsia, October 14 2013, Monday) — Australia’s Orpheus Energy said it has secured additional loading capacity with port operator PT Suryacitra Mahkota Mandiri to barge coal from nearby mines in South Kalimantan in Indonesia starting this month. Orpeus Energy said it has added exclusive loading capacity to barge 40,000 tonnes of coal per month from...
(EnergyAsia, October 14 2013, Monday) — Australia’s Orpheus Energy said it has secured additional loading capacity with port operator PT Suryacitra Mahkota Mandiri to barge coal from nearby mines in South Kalimantan in Indonesia starting this month. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Orpeus Energy said it has added exclusive loading capacity to barge 40,000 tonnes of coal per month...
(EnergyAsia, October 14 2013, Monday) — Canada and Japan last Friday signed a “statement on oil and gas cooperation” to raise their bilateral energy relationship. According to Canada’s Department of Natural Resource (NRCan), the two governments have agreed to establish a policy dialogue and annual high-level meeting to encourage cooperation on trade and investment opportunities...
(EnergyAsia, October 11 2013, Friday) — The organiser of the Gastech Conference & Exhibition is inviting students to apply for its programme which will take place during the event in Seoul, South Korea on March 24-27 2014. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Established in 2006, the Gastech Student Programme is designed to facilitate potential careers in the gas industry....
(EnergyAsia, October 11 2013, Friday) — The US must better plan its domestic energy production as oil, gas and nuclear projects are increasingly competing in areas that are struggling with shrinking water supplies, said a Massachusetts-based civil society. In a research report prepared by Synapse Energy Economics, the Civil Society Institute (CSI) singled out coal-fired...
(EnergyAsia, October 10 2013, Thursday) — Following agreements with two Russian port operators, Australia’s Aspire Mining said it has secured export routes to Europe and northern Asia for its fully-owned Ovoot coking coal project in Mongolia. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Aspire’s deal with Russia’s OTECO, the Taman Port operator on the Black Sea, will enable it to load...
(EnergyAsia, October 10 2013, Thursday) — More than half of China’s proposed 363 coal-fired power plants are slated to be built in areas of high or extremely high water stress, said Washington DC, US-based World Resources Institute (WRI). http://energycontents.com/index.php?route=product/product&path=60&product_id=301 “If these plants are built, they could further strain already-scarce resources, threatening water security for China’s...
(EnergyAsia, October 9 2013, Wednesday) — With the support of Singapore’s Maritime and Port Authority, Bureau Veritas (BV) has started up its Deepwater Technology Research Centre (DTRC) to provide advanced technical solutions and innovations to clients in the Asia-Pacific region. Using BV’s software tools, the centre’s engineers and experts will be conducting applied research in...
(EnergyAsia, October 9 2013, Wednesday) — US Alaska state is the focus of renewed investor interest with Shell planning a major oil project while an ExxonMobil-led group has reported progress in its plan to develop an export-oriented liquefied natural gas (LNG) terminal. According to consultant Douglas Westwood, Shell would have to invest as much as...
(EnergyAsia, October 8 2013, Tuesday) — This is an edited version of an article by Weerawat Chantanakome, CEO of the Brunei National Energy Research Institute (BNERI). The energy efficiency practice in Southeast Asia is still in its infancy stage, even though the region’s energy intensity – the amount of energy used to produce each dollar...
(EnergyAsia, October 7 2013, Monday) — Blumont Group Ltd, a Singapore-listed company that started off in the Internet business before venturing to provide sterilisation services, has been suspended and placed on designated watch after an aborted attempt to acquire an Australian coal miner for S$146 million. (US$1=S$1.25). Singapore Exchange Limited (SGX) said it will lift...
(EnergyAsia, October 7 2013, Monday) — India has started exporting electricity to Bangladesh through a new transmission line, making this the first high voltage direct current (HVDC) interconnection between two countries in South Asia. From October 5, the trading arm of NTPC Ltd, India’s largest generating utility, began supplying electricity to the Bangladesh Power Development...
(EnergyAsia, October 4 2013, Friday) — The world’s newest major oil refinery-petrochemicals complex started up last month in Saudi Arabia’s Jubail city with the export of a fuel oil cargo on September 23. Saudi Aramco Total Refinery & Petrochemicals Co (Satorp), named after its two partners, shipped out a second cargo of diesel a few...
(EnergyAsia, October 4 2013, Friday) — Chevron Corp said it has sold off 85% of its entitlement in the Wheatstone liquefied natural gas (LNG) project in Australia after signing a 20-year deal to supply Japan’s Tohoku Electric Power Company Inc. Chevron and the Australian subsidiaries of Apache Energy and Kuwait Foreign Petroleum Exploration Company will...
(EnergyAsia, October 3 2013, Thursday) — An Australian Securities Exchange-listed energy firm which claims to have one of the world’s largest hydrocarbon reserves is seeking to pull out of the Sydney-based bourse to list in Singapore. Queensland state’s oil, shale and coal company Linc Energy has invited shareholders to vote at an extraordinary general meeting...
(EnergyAsia, October 3 2013, Thursday) — Two Dubai firms, Emirates National Oil Company (ENOC) and Tristar Transport, said they are setting up a new joint venture to provide logistics services for the petroleum and chemical industries in Saudi Arabia. Starting with a capital investment of 30 million Saudi riyal, the new company will initially operate...
(EnergyAsia, October 1 2013, Wednesday) — Singapore Exchange (SGX) will be launching two thermal coal futures contracts on October 21 based on the fuel’s price in China and Indonesia. The exchange said its API 8 CFR China Coal Index Futures and IHS McCloskey Indonesian Sub-bit FOB Index Futures contracts will add to its suite of...
(EnergyAsia, October 2 2013, Wednesday) — Australia’s Orpheus Energy said it has secured barge loading capacity at SKJM’s South Kalimantan port in Indonesia to handle more than 200,000 tonnes of coal per month for 10 years. The deal will enable Orpheus to proceed with plans to expand, develop and produce its coal projects in Indonesia....
(EnergyAsia, October 1 2013, Tuesday) — Germany’s chemicals giant BASF said it plans to open a laboratory in China’s Shanghai city next year to provide technical services for the mining industry. As part of the company’s global technical network, the laboratory is scheduled to start up in the first quarter of 2014 at the BASF...
(EnergyAsia, October 1 2013, Tuesday) — The following is an edited version of the keynote speech delivered by Seah Moon Ming, group CEO of Singapore’s Pavilion Energy Pte Ltd, at CWC’s 5th World LNG Series event in Singapore last week. Emergence of Singapore as an LNG Hub As a global trading hub, Singapore’s trade is...
(EnergyAsia, September 30 2013, Monday) — In line with OPEC and the IEA, the US Energy Information Administration (EIA) has raised its global oil demand forecasts for 2013 and 2014. In its latest September energy outlook, the EIA said world oil consumption would grow by 1.32% to 90.06 million b/d this year and by 1.32%...