(EnergyAsia, April 10 2014, Thursday) — Switzerland-based engineering giant Foster Wheeler AG said a subsidiary of its global power group has been awarded a contract to design and supply two pulverised coal arch fired steam generators for use at a power plant in Vietnam. Japan’s Marubeni Corp awarded the contract for the two generators to...

(EnergyAsia, April 9 2014, Wednesday) — A Qatar Petroleum-led consortium (QP) has begun work to double the size of its condensate refinery at the Ras Laffan Industrial City to 300,000 b/d by the third quarter of 2016. QP jointly owns the LR2 company with France’s Total, and Japan’s Idemitsu, Cosmo, Marubeni and Mitsui. Both LR2...

(EnergyAsia, April 8 2014, Tuesday) — BG Group said it has relocated the head office for its global liquefied natural gas (LNG) and oil marketing business to Singapore from the UK, reflecting its focus on the growing importance of Asian energy markets. Steve Hill, BG Group’s President for Global LNG and Oil Marketing who is...

(EnergyAsia, April 7 2014, Monday) –– Asia Pacific countries must improve their water and energy policies to ensure the sustainability of their societies and long-term economic prospects, said two UN agencies and the Thai government. In making this call in Bangkok last month to mark World Water Day (WWD), the UN agencies reminded Asian leaders...

(EnergyAsia, April 4 2014, Friday) — French major Total and US engineering firms Black & Veatch and Chemtex have advanced on their plans to expand their liquefied natural gas (LNG) operations in China. Total said it has agreed to build on its partnership with China National Offshore Oil Corporation (CNOOC) beyond an existing 15-year agreement...

(EnergyAsia, April 3, 2014, Thursday) — The World Bank Group said its board has approved US$526.5 million in grant and credit financing to develop electricity infrastructure connecting Afghanistan, Kyrgyz Republic, Pakistan and Tajikistan. The US$1.17 billion Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) consists of the construction of more than 1,200 km...

(EnergyAsia, April 1 2014, Tuesday) — The World Energy Council (WEC) and World Water Council (WWC) said they have joined forces to focus on the growing link between water and energy in the run-up to the 7th World Water Forum to be held in Daegu, South Korea in April 2015. In the agreement, the two...

(EnergyAsia, April 1 2014, Tuesday) — As it eyes a role in helping to develop the natural resources and trade route potential of the Arctic region, Singapore will be given the chance to present its capabilities and how it can contribute at an Arctic Council meeting in Tromso city in Norway next January. Norway’s senior...

(EnergyAsia, March 31 2014, Monday) — Thanks to the development of its tight oil reserves, the US boosted crude production to 7.84 million b/d in the fourth quarter of last year to account for more than 10% of the world’s oil output, said the Energy Information Administration (EIA). The agency said US tight oil production...

(EnergyAsia, March 28 2014, Friday) — Oil prices continue to hold strong despite numerous attempts by traders and US government to boost supply and weaken market sentiments. WTI crude has surged past US$101 a barrel while Brent is moving to reclaim US$108 a barrel as tensions between the West and Russia escalate amid continuing supply...

(EnergyAsian, March 27 2014, Thursday) — Japanese trading company Marubeni Corp said it has agreed to pay a fine of US$88 million after pleading guilty to US charges that it had bribed Indonesian officials to secure a power plant contract in 2004. Marubeni said it had resolved the criminal charges with the US Department of...

(EnergyAsia, March 26 2014, Wednesday) — The US trade deficit has been shrinking since 2009 as rising domestic oil and gas production has helped slash energy imports, said the Energy Information Administration (EIA). The drop in net imports of crude and oil products combined was the biggest contributor to the US net trade deficit falling...

(EnergyAsia, March 25 2014, Tuesday) — Johor state’s Tanjung Langsat Port (TLP) in southern Malaysia expects to achieve 15 million tonnes of cargo throughput in 2014 after reporting a 47.7% surge last year. The planned start-up of two liquid berths by mid-2014 adding to the port’s existing five will help further attract oil and gas...

(EnergyAsia, March 24 2014, Monday) — Germany’s Oiltanking said its Oman joint venture has launched additional pipeline and jetty infrastructure to speed up the handling of oil products at the port and free zone area in Sohar. Oiltanking Odfjell Terminals Oman (OOTO) has invested US$2.5 million to build and connect a new jetty with other...

(EnergyAsia, March 21 2014, Friday) — With its growing thirst for water, the energy sector looks set to raise its 15% share of global consumption of the resource in the coming years, said the International Energy Agency (IEA) highlighting its growing concern to mark World Water day on March 22. In 2012, the IEA included...

(EnergyAsia, March 20 2014, Thursday) — Greenpeace has welcomed the European Parliament’s resolution calling for the establishment of a protected area around the North Pole that could ban oil companies and industrial fishing fleets from the region. The environmental long group said the move represents a clear break from the positions of Arctic Council members...

(EnergyAsia, March 19 2014, Wednesday) — Australia’s oil and gas sectors experienced contrasting fortunes last year, with oil production plunging to a 43-year low while natural gas output surged to an all-time high. According to consultant EnergyQuest, the country’s oil production for 2013 plunged 18.6% to 71.9 million barrels or less than 197,000 b/d. This...

(EnergyAsia, March 18 2014, Tuesday) —- Consultant Douglas-Westwood (DW) doesn’t think the booming US shale sector will threaten deepwater exploration and production efforts by flooding the markets with surplus oil. While many investment banks and government agencies have cast surging shale oil production as a threat to companies focusing on deepwater reserves, the UK firm...

(EnergyAsia, March 17 2014, Monday) — Hong Kong-listed Wison Engineering Services Co, a major services provider for China’s state-owned oil and gas companies, said Chinese police have arrested its founder and chairman Hua Bangsong on bribery allegations. In a statement to the Hong Kong Stock Exchange, the Shanghai-based firm said an unidentified relative of Mr...

(EnergyAsia, March 14 2014, Friday) — US refined oil product exports surged 11% to reach an average 3.5 million b/d last year, said the US Energy Information Administration (EIA). It hit a record 4.3 million b/d last December, the first time that US exports of oil products have exceeded the four-million-b/d ceiling in a single...

(EnergyAsia, March 12 2014, Thursday) — Dutch oil and chemical logistics giant Royal Vopak said it has agreed to acquire a 30% stake in Zhangzhou Gulei Haiteng Jetty Investment Management Company Limited which owns a 890,000-cubic metre petrochemicals storage terminal in China’s Fujian province. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Vopak said it will acquire the 30% stake in Haiteng...

(EnergyAsia, March 13 2014, Thursday) — US oil products are set to rise further to break last year’s record high level, predicts research firm GlobalData. Despite the decline in domestic product demand, the country’s refining utilisation levels have increased significantly in the last few years as foreign demand for US products have surged 70% since...

(EnergyAsia, March 12 2014, Wednesday) — Futures trading and solar energy will debut on the Singapore electricity markets later this year as part of a plan to increase price and supply competition. Following a six-month trial starting April, the Singapore Exchange (SGX) will aim to launch its electricity futures contract that will allow consumers to...

(EnergyAsia, March 12 2014, Wednesday) — Coinciding with its 150th anniversary, DNV GL is increasing its presence in Singapore through a new regional head office, an expanded marine and offshore laboratory, and an agreement to undertake R&D with the Maritime and Port Authority (MPA). Reflecting its position as the world’s leading ship classification society and...

(EnergyAsia, March 11 2014, Tuesday) — Australia-listed Oil Search Limited has agreed to pay US$900 million for a 22.835% stake in the Elk-Antelope fields which hold the largest undeveloped gas resource in Papua New Guinea. The seller of the PRL 15 stake is Pacific LNG Group, an affiliate of Clarion Finanz AG, a private company...