(EnergyAsia, October 24 2011, Monday) — Oman could more than double its existing 222,000 b/d of refining capacity to 500,000 b/d later this decade if two state-owned companies follow through on their plans. Oman Oil Company and Abu Dhabi’s International Petroleum Investment Company (IPIC) are planning to jointly invest US$6 billion in building a 230,000 b/d...

(EnergyAsia, October 21 2011, Friday) — Australia’s Northern Territory (NT) state briefly experienced diesel shortages after fire damaged a major oil refinery in Singapore last month. The capital city of Darwin “lost” at least one shipment after the September 28 fire forced Shell to shut down its 500,000 b/d refinery on Bukom Island for several...

(EnergyAsia, October 20 2011, Thursday) — Australian engineering firm Leighton said its Singapore-based subsidiary, Leighton Offshore Pte Ltd, has been awarded a US$518 million contract to build Iraq’s fourth crude oil export terminal. Leighton, the Australian unit of Germany construction group Hochtief, will build a single point mooring buoy (SPM) to export up to 900,000...

(EnergyAsia, October 20 2011, Thursday) — US engineering firm Black & Veatch said it has begun front-end engineering design (FEED) for a new terminal to export liquefied natural gas (LNG) from Kitimat port on the west coast of Canada’s British Columbia province. The terminal will be constructed on a barge and transported to the Douglas...

(EnergyAsia, October 20 2011, Thursday) — Argus has launched a new series of price assessments in its LNG daily report covering emerging Asian trading hubs since October 3. The new assessments include destinations for Northeast Asia, comprising Japan, South Korea and Taiwan, China and India, as well as fob markets from Australia, Middle East fob...

(EnergyAsia, October 19 2011, Wednesday) —Foster Wheeler AG said a subsidiary of its Global Power Group has been awarded a contract to design and supply four circulating fluidised-bed (CFB) steam generators for Essar Power Salaya Limited in India, the project’s owner and developer. Switzerland-based Foster Wheeler, which declined to reveal the contract’s value, said it...

(EnergyAsia, October 19 2011, Wednesday) — The Japanese government is revamping its oil stockpile system to ensure that fuel supplies reach stricken areas in the event of emergencies or natural disaster following lessons learnt from the March 11 earthquake and tsunami disaster. There were reports of prolonged and widespread gasoline and diesel shortages in many...

(EnergyAsia, October 19 2011, Wednesday) — State-owned PetroVietnam said it expects to start construction of the nation’s second oil refinery in Nghi Son sometime this quarter. Construction of the joint venture 200,800-b/d refinery, located , 215 km south of Hanoi, was to have started early this year, but was delayed by land clearance and preparation...

(EnergyAsia, October 18 2011, Tuesday) — China Aviation Oil (Singapore) Corporation Ltd (CAO), Asia’s largest physical jet fuel trader, has teamed up with Malaysia’s Centralised Terminals Sdn Bhd (CTSB) to construct, develop and operate a RM371-million oil products storage terminal at the Port of Tanjung Langsat in Malaysia’s Johor state. (US$1=RM3.1). CAO said it will acquire...

(EnergyAsia, October 18 2011, Tuesday) — Malaysia expects to raise its crude oil and natural gas production next year, bolstering its economic outlook amid growing concerns with the deteriorating global economic environment. In its latest Economic Report for 2011/12, the Finance Ministry said it expects the country’s crude oil production to rise 3.3% to 620,000...

(EnergyAsia, October 17 2011, Monday) — South Korea’s Hyundai Oilbank said it has started work on a 100-billion won commercial oil terminal with the capacity to store 300,000 kilolitres of oil products. (US$1=1,150 won). To be completed in late 2013, the terminal will be supported by port infrastructure and linked to the company’s refining hub...

(EnergyAsia, October17 2011, Monday) — Singapore’s planners say the economy faces “several years” of slow growth on account of strong headwinds created by the deteriorating global economy. With the major advanced economies unlikely to recover, the Ministries of Trade and Industry (MTI), and Finance (MOF) and the Monetary Authority of Singapore (MAS) are preparing the...

(EnergyAsia, October 17 2011, Monday) — India’s Reliance Industries Ltd (RIL) said the strong performance at its world’s largest Jamnagar refinery complex in Gujarat state helped boost its second quarter profit by 15.8% to 57.03 billion rupees over the same period last year. (US$1=49 rupees). For the July to September quarter, the 1.2-million b/d complex’s...

(EnergyAsia, October 14 2011, Friday) — Australia’s Blackgold International Holdings Limited said it has agreed to fully acquire Qijiang Changhong Coal Industry Co Ltd which owns the mining rights to the QiJiang ChangHong coal mine situated in Qijiang County in China’s Chongqing province. The proposed 98 million yuan acquisition was completed after Blackgold said it...

(EnergyAsia, October 14 2011, Friday) — Hong-Kong-listed Winsway Coking Coal Holdings said it and US coal trader and producer Peabody Energy Corp have signed a non-legally binding memorandum of understanding to establish a joint venture to market coal in China and the Asia Pacific region. As a step forward to enhancing their existing relationship, Winsway...

(EnergyAsia, October 14 2011, Friday) — Indonesian coal miner PT Adaro Energy said its subsidiary, PT Alam Tri Abadi (ATA), has agreed to acquire a 35% interest in a Sumatra Island coal mining services provider from PT Servo Infrastructure (SI) for 200 billion rupiah. (US$1=8,900 rupiah). Through its subsidiaries, SMS owns a dedicated haul road...

(EnergyAsia, October 13 2011, Thursday) — Japan’s Electric Power Development Co Ltd or J-Power, said it has agreed to acquire a 10% interest in an Australian coal mine being developed by Aston Resources Limited. As part of the agreement which is subject to conditions and regulatory approvals, Australia-listed Aston will guarantee long-term thermal coal supply...

(EnergyAsia, October 12 2011, Wednesday) — PT Atlas Resources Tbk, a small Indonesian coal producer, is aiming to raise as much as 1.49 trillion rupiah through an initial public offering to fund the expansion of its mines in Sumatra, Kalimantan and Papua. (US$1=9,000 rupiah). According to the underwriter Indo Premier Securities, Atlas plans to sell...

(EnergyAsia, October 12 2011, Wednesday) — Large parts of southern and central China, including many of its most industrialised regions, will face “severe” power shortages right through early next year, said officials from the country’s main energy agency and power companies. The National Energy Administration (NEA) delivered the grim news to residents and businesses that...

(EnergyAsia, October 12 2011, Wednesday) — At least three Thai state energy firms are seeking to partner Italian-Thai Development (ITD) to jointly develop a 3,000MW coal-fired power plant that will export electricity to the Dawei deep-sea port and industrial estate in neighbouring Myanmar. According to Thai newspaper reports, PTT, Ratchaburi Electricity Generating Holding and Electricity...

(EnergyAsia, October 11 2011, Tuesday) — The proposed A$477-million takeover of Australia-listed Hunnu Coal by Thailand’s largest coal miner, Banpu Public Company has been approved by the regulators of both countries. (US$1=A$1.03). Australia’s Foreign Investment Review Board (FIRB) and the Bank of Thailand separately gave the greenlight for Banpu to acquire the remaining 88% of...

(EnergyAsia, October 11 2011, Tuesday) — Australian contractor WorleyParsons said it has been awarded a contract to provide construction and management services for a A$2.5 billion coal export terminal in Queensland state. (US$1=A$1.03). The Wiggins Island Coal Export Terminal Stage 1 (WICET) is a privately funded project linked to the development of a 27-million-tonnes-a-year export...

EnergyAsia, October 11 2011, Tuesday) — Indonesia’s AKR Corporindo, a fuels and chemicals distributor, is planning to invest US$100 million to diversify its business including expanding its coal mining operations in Kalimantan. The company will raise funds for the diversification from selling off existing assets as it aims to develop its coal exports to the...

(EnergyAsia, October 11 2011, Tuesday) — A consortium comprising two Japanese companies, Mitsubishi Heavy Industries Ltd (MHI) and Mitsubishi Corporation (MC), will work with the Indonesian government to develop a large-scale substitute natural gas (SNG) synthesis project by tapping the country’s abundant low rank coal (LRC) reserves on Sumatra Island. MHI said the project will...

(EnergyAsia, October 10 2011, Monday) — Indonesian coal miner Adaro Energy said it and Japan’s Electric Power Development Co (J-Power) and Itochu Corp have been awarded a contract by Indonesia’s state utility PLN to build a 2GW coal-fired power plant in central Java province in Indonesia. Adaro Energy said its wholly owned subsidiary, PT Adaro...