(EnergyAsia, September 27 2013, Friday) — Natural gas liquids (NGLs), which have just over 60% the energy content of crude oil, will account for around 26% of the world’s total oil production of over 100 million b/d a decade from now, said US consultant ESAI Energy. Increasingly, the industry is counting NGLs, comprising liquefied petroleum...

(EnergyAsia, September 26 2013, Thursday) — The Australian Coal Association (ACA) said it will cease its operations Friday September 27 when it is fully integrated with the larger Minerals Council of Australia (MCA). With the merger, MCA, which already represents 85% of the nation’s minerals output, will be in a stronger position to represent the...

(EnergyAsia, September 25 2013, Wednesday) — Azerbaijan has started up the first phase of a new shipyard to build, repair and convert vessels mostly to serve the Caspian region’s booming oil and gas sector, just days after BP announced a landmark deal, worth some US$100-billion, to export natural gas from the giant Shah Deniz field....

(EnergyAsia, September 24 2013, Tuesday) — The Supreme Group, a Dubai-based logistics firm focused on providing supply solutions in difficult environments, said it has secured a US$550-million contract to deliver and store fuels for the US military in Afghanistan. The two-year contract by the Defense Logistics Agency – Energy (DLA-E) calls for the delivery of...

(EnergyAsia, September 24 2013, Tuesday) — The world has nearly 1.1 trillion barrels of known undeveloped conventional oil and gas reserves, with more than half worth tapping at current price assumptions, said consultant Wood Mackenzie. “Over half of these discoveries which we classify as ‘good technicals’, are potentially economic under our current price assumptions. These...

(EnergyAsia, September 23 2013, Monday) — Leading global figures in the liquefied natural gas (LNG) industry will be speaking at and attending two key events in Singapore over the next two months. UK-based CWC will be organising the Asia Pacific Summit of its 5th World LNG Series at the Shangri-la Hotel on September 23 to...

(EnergyAsia, September 23 2013, Monday) — Azerbaijan will start exporting natural gas to Europe for the first time following the conclusion of a major 25-year agreement with nine buyers, said BP which is leading a consortium to develop the Shah Deniz reserves. The consortium will supply just over 10 billion cubic metres a year (bcm/year)...

(EnergyAsia, September 20 2013, Friday) — Switzerland-based engineering giant Foster Wheeler AG said a subsidiary has secured a technical services agreement to provide construction management services for a hydroprocessing project at an oil refinery in Russia’s Far East. OJSC Khabarovsk Oil Processing Refinery awarded the contract to a subsidiary of Foster Wheeler’s Global Engineering and...

(EnergyAsia, September 20 2013, Friday) — The global expenditure on liquefied natural gas (LNG) projects will rise 109% to nearly US$228 billion for the 2013-2017 period compared with the previous five years, said consultant Douglas-Westwood (DW). In its latest eighth edition of the global LNG markets, the UK-based firm said growing demand for the fuel...

(EnergyAsia, September 19 2013, Thursday) — Kazakhstan’s long-delayed Kashagan field has produced its first oil, according to the North Caspian Operating Company. In an update, the US Energy Information Administration said the Caspian Sea region has the potential to export oil and natural gas to markets in Europe, South Asia and East Asia. With rising...

(EnergyAsia, September 19 2013, Thursday) — Canada’s MicroCoal Technologies Inc. (MTI), said it has made an initial payment for the construction of its first plant in Indonesia which has the capacity to upgrade the calorific value of 190,000 tonnes of low-rank coal per year. The Vancouver, British Columbia-based firm paid PT Citicon Energy (CEN) to...

(EnergyAsia, September 18 2013, Wednesday) — Japanese engineering giant JGC Corp said it and partners Japan’s Marubeni Corp and Saudi Arabia’s Aljomaih Holding Co have secured a US$650 million contract to supply electricity and steam to three oil and gas complexes owned by state-owned oil company Saudi Aramco. The complexes are located in the Abqaiq,...

(EnergyAsia, September 17 2013, Tuesday) — Vietnam and Singapore began construction of their fifth joint industrial park in central Quang Ngai province at a ceremony last week that was witnessed by the countries’ two Prime Ministers, Nguyen Tan Dung and Lee Hsien Loong. Apart from the 600-hectare VSIP Quang Ngai park in Son Tinh district,...

(EnergyAsia, September 16 2013, Monday) — Oman now has only one company to produce, handle and market liquefied natural gas (LNG) from a three-train terminal with a combined 10.4 million tonnes/year capacity after Oman LNG took over Qalhat LNG from September 1. The enlarged Oman LNG will have greater operational efficiencies as it will manage...

(EnergyAsia, September 16 2013, Monday) — US coal consumption surged 8.7% in the first half of 2013 to 446 million short tons (mmst) over the same period last year on rising demand from the power sector, said the Energy Information Administration (EIA). As a result of an improving economy and the increased substitution of natural...

(EnergyAsia, September 13 2013, Friday) — Policy and regulatory uncertainties in Japan and South Korea could restrict the development of liquefied natural gas (LNG) capacity, causing the Pacific market to remain tight and prices to stay high beyond 2020, predicts Wood Mackenzie. In making this call against consensus that the market will see supply relief...

(EnergyAsia, September 13 2013, Friday) — State-owned Coal India Ltd (CIL) said its subsidiary, South Eastern Coalfields, has signed an agreement for a 20-year supply of coal to a proposed US$1.5 billion power plant in the central state of Chhattisgarh. RKM Powergen, a joint venture between Malaysia’s Mudajaya Corp Bhd Mudajaya and RK Powergen of...

  (EnergyAsia, September 12 2013, Thursday) — Oil prices have risen and remained at current high levels as a result of global supply disruptions and strong demand combined with the US threat to attack Syria, said the US Energy Information Administration (EIA). While Brent crude oil spot prices have risen by as much as 6%...

(EnergyAsia, September 12 2013, Thursday) — Singapore-based China Aviation Oil Corp Ltd (CAO) said a fully-owned subsidiary has established a joint-venture business in Hong Kong to provide plane fuelling services at the Hong Kong International Airport (HKIA) at Chep Lak Kok for a 10-year term from 2015. China Aviation Oil (Hong Kong) Limited (CAOHK) has...

(EnergyAsia, September 10 2013, Tuesday) — Australian engineering firm Thiess said it has secured a A$1.8 billion contract from coal seam gas producer QGC to construct gas compression facilities and associated works for its liquefied natural gas (LNG) project in the Surat Basin in Queensland state. (US$1=A$1.10). In a statement to the Australian Securities Exchange,...

(EnergyAsia, September 10 2013, Tuesday) — GE Oil & Gas, a unit of the US engineering solutions giant, said it will relocate its global headquarters from Florence in Italy to London in England next January. Florence will remain the global headquarters for GE Oil & Gas Turbomachinery Products & Services, a more than $6 billion...

(EnergyAsia, September 9 2013, Monday) — Canada’s Prophecy Coal Corp said it has secured new contracts from several buyers totalling more than 30,000 tonnes per month for coal supply from its Ulaan Ovoo mine in Mongolia. The Vancouver, British Columbia miner said the buyers include the owners and operators of cement plants, a metallurgical plant,...

(EnergyAsia, September 9 2013, Monday) — Upstream company Interra Resources has made its largest acquisition to date while clean energy expert DNV KEMA and oilfield specialist Glacier Energy have started up regional operations in Singapore. Singapore Exchange-listed Interra Resources said it has agreed to pay US$78.5 million to acquire Indonesia’s PT Benakat Barat Petroleum (BBP)...

(EnergyAsia, September 6 2013, Friday) — Asia’s largest physical jet fuel trader said it is venturing into fuel oil, the region’s main oil product, with the signing of a three-year lease to store refined products on Singapore’s Jurong Island. China Aviation Oil (Singapore) Corporation Ltd (CAO) said it will lease five tanks with a combined...

(EnergyAsia, September 5 2013, Thursday) — Australia’s BHP Billiton said it has started up its ninth metallurgical coal mine with the opening of the 4.5-million tonnes/year Daunia operations in central Queensland state. The US$1.4 billion mine, which was delivered several months early and US$250 million under budget, is among seven that BHP equally owns and...