(EnergyAsia, January 25 2012, Wednesday) — The world’s vulnerability to further economic shocks and social upheavals is undermining the past gains of globalisation, said the World Economic Forum (WEF) in its Global Risks 2012 report, the seventh edition. It marked chronic fiscal imbalances and severe income disparity as the most prevalent risks over the next (more…)

(EnergyAsia, January 25 2012, Wednesday) — China Aviation Oil Singapore Corporation Ltd (CAO), the largest physical jet fuel trader in Asia, said it will pay a total of US$16 million to acquire two jet fuel companies from its parent company, China National Aviation Fuel Group Corporation (CNAF). CAO will pay HK$91 million or US$12 million (more…)

(EnergyAsia, January 20 2012, Friday) — EOC Limited (EOC), a Singapore-based provider of offshore services to oil and gas producers, said its FY2012 Q1 net profit surged more than 14 times to US$8.5 million over the same period the previous year. Boosted by strong performances at both its construction and production divisions, the company said revenue (more…)

(EnergyAsia, January 20, 2012, Friday) — Asian cities must focus on developing liveable, competitive, inclusive and environmentally sustainable cities supported by imporved transportation systems, said the Asian Development Bank (ADB). At a recent forum in Manila, Philippines, ADB President Haruhiko Kuroda said that with 80% of Asia’s GDP coming from urban areas, the quality and (more…)

(EnergyAsia, January 20 2012, Friday) — Engineering giant Foster Wheeler AG said subsidiary Foster Wheeler India Private Limited has won a contract to develop a new five-million-tonne/year liquefied natural (LNG) receiving terminal in Ennore city in the Indian state of Tamil Nadu by 2016. Awarded by state-owned Indian Oil Corporation Limited (IOCL), the contract’s scope (more…)

(EnergyAsia, January 19, 2012, Thursday) — UK-based international learning and skills specialist Atlas said it has accredited the Al Delma facility in Iraq’s Basra City to provide the International Minimum Industry Safety Training (IMIST) programme for the oil and gas industry. The Al Delma centre will be capable of delivering the programme to as many (more…)

(EnergyAsia, January 19 2012, Thursday) — Global energy demand will grow by an average annual rate of 1.6% or a total 39% over the next 20 years fuelled by economic and population growth in non-OECD countries, said BP’s latest Energy Outlook 2030. But it’ll grow at a “slowing annual rate” due in part to increased (more…)

(EnergyAsia, January 19, 2012, Thursday) — EMAS, a global offshore contractor and operating brand for Singapore-based Ezra Holdings Limited, said its subsea construction division, EMAS AMC, has secured two contracts to provide mooring chain and riser replacements in the North Sea on the Norwegian Continental Shelf. The combined value of the contracts awarded by Norway’s (more…)

(EnergyAsia, January 18 2012, Wednesday) — India’s state-owned GAIL Gas Limited has signed a memorandum of understanding (MoU) with the Andhra Pradesh state government to develop a 50-billion-rupee floating liquefied natural gas (LNG) terminal off the country’s east coast by 2013. (US$1=51 rupees). GAIL Gas Limited, a wholly owned subsidiary of GAIL (India) Limited, will (more…)

(EnergyAsia, January 17 2012, Tuesday) — Saudi Arabia’s chemical giant SABIC and China’s Sinopec said they will jointly invest in a new 260,000 metric tons/year polycarbonate plant at the Sinopec SABIC Tianjin Petrochemical Company (SSTPC) in Tianjin city in northeastern China. The existing SABIC-Sinopec plant has an annual production capacity of three million tons. The (more…)

(EnergyAsia, January 17 2012, Tuesday) — Japan’s INPEX Corp and France’s Total have given their final approval to proceed with their joint US$34 billion investment to develop the Ichthys liquefied natural gas (LNG) project in Australia’s Northern Territory state. INPEX chairman Naoki Kuroda made the announcement in Darwin city, the site of the one of (more…)

(EnergyAsia, January 16 2012, Monday) — A local council in Australia’s resource-rich Queensland state has been slammed for “political grandstanding” for trying to ban coal and coal-seam gas (CSG) developments. Queensland Resources Council (QRC) said a ban would mean that Somerset Regional Council’s 22,500 residents would have to give up the economic benefits of the (more…)

(EnergyAsia, January 16 2012, Monday) — Qatargas said it has awarded an engineering, procurement and construction (EPC) contract to South Korea’s Samsung Engineering Ltd for a 54,000 b/d hydro-treater (DHT) unit to produce ultra low-sulphur diesel fuel at the Laffan refinery in Qatar. The 350-million-rial unit will produce Euro 5-specification diesel containing less than 10 (more…)

(EnergyAsia, January 13 2012, Friday) — Singapore’s port continued to grow, registering increases in all areas of performance in 2011 despite a challenging year for the maritime industry, said the Maritime and Port Authority of Singapore. Lui Tuck Yew, Minister for Transport and Second Minister for Foreign Affairs, provided the estimates for several areas of (more…)

(EnergyAsia, January 13 2012, Friday) — Singapore’s infrastructure group, Sembcorp, said it has signed a memorandum of understanding (MOU) to explore the feasibility of developing a 1,200 megawatt coal-fired power plant in Dung Quat Economic Zone in Vietnam’s Quang Ngai province. The agreement was signed by Ng Meng Poh, Sembcorp’s Executive Vice President & Head (more…)

(EnergyAsia, January 12 2012, Thursday) — Australian coal miner OGL Resources Limited (OGL) said it has appointed Allan Fidock as managing director from January 23. Mr Fidock has more than 30 years’ experience in open cut and underground coal mining with a range of owner-operator and contractor companies. Most recently, he was part of the (more…)

(EnergyAsia, January 12 2012, Thursday) — Two fo the world’s leading energy pricing services have launched new assessments for the coal trade in Asia. McGraw Hill’s Platts said it has launched a daily price assessment to help address the need for a global benchmark for lower-calorific thermal coal produced and consumed in the Asia-Pacific region. (more…)

(EnergyAsia, January 12 2012, Thursday) — Mechel OAO, a leading Russian mining and metals company, said it has finished laying tracks along the entire 321-km route of the railway link from Ulak station to the Elga coal deposit being developed by Mechel Mining OAO’s subsidiary, Yakutugol Holding Company OAO. The last section of track of (more…)

(EnergyAsia, January 11 2012, Wednesday) — Norway’s DNV has launched its regional Deepwater Technology Centre (DTC) in Singapore to serve the oil and gas industry in the Asia Pacific region as well as provide deepwater competency and solutions. Targeting a market expected to grow by US$21 billion over the next five years, the centre will (more…)

(EnergyAsia, January 11 2012, Wednesday) — Australian thermal coal company Pan Asia Corp said it has secured US$1 million in funding from Kopex to cover expenses for drilling and work on the final feasibility study at its flagship TCM coal development project in Indonesia’s South Kalimantan province. The funding is repayable at Pan Asia’s election (more…)

(EnergyAsia, January 10 2012, Tuesday) — Engineering giant Foster Wheeler AG said a subsidiary of its Global Power Group has been given a “limited notice” to proceed by GS Engineering and Construction to design a circulating fluidised-bed (CFB) steam generator for a project in South Korea’s Daeugu city. The generator is due to start commercial (more…)

(EnergyAsia, January 10 2012, Tuesday) — DNV Petroleum Services (DNVPS) said it has appointed Charlotte Rojgaard to succeed Dag Olav Halle as the company’s global technical manager at its headquarters in Singapore. Mr Halle has returned to Norway as a DNVPS principal consultant. Ms Rojgaard has a Master of Science degree in chemical engineering from (more…)

(EnergyAsia, January 9 2012, Monday) — Compensating for the loss of the bulk of its nuclear power capacity, Japan’s import of liquefied natural gas (LNG) surged more than 12% to over 45.6 million tons in the first six months of the current financial year to September 2011. According to Japanese official data compiled by consultant (more…)

(EnergyAsia, January 6 2012, Friday) — OxfordPrinceton, a leading provider of energy courses around the world, has released its schedule for professional training courses for oil and gas executives to be held in Singapore this year. The 25 courses, to be conducted by experienced former executives at international energy companies and consultants, cover a wide (more…)

(EnergyAsia, January 5 2012, Friday) — Meridian SeamGas, an Australia-based joint venture between WestSide Corporation Limited and Mitsui E&P Australia Pty Ltd, has executed an agreement to fast-track access to gas to help fulfil its contractual obligations and reduce payments to remedy shortfalls. In a statement on behalf of the joint venture, WestSide Corp said (more…)