(EnergyAsia, December 21 2011, Wednesday) — World oil consumption will rise by 900,000 b/d in 2011, and by 1.1 million b/d to 88.9 million b/d next year, said the Organisation of Petroleum Exporting Countries (OPEC) in its latest monthly forecast. Compared with last month’s forecast, the cartel has kept unchanged its expectations for world oil (more…)

(EnergyAsia, December 21 2011, Wednesday) — Germany’s Conergy said it has been selected by CH Karnchang Public Company Limited to supply the components as well as jointly serve as the engineering and design consultants for its 9MW solar park in Thailand. Conergy will work closely with local partner Ensys Co Ltd who will provide the (more…)

(EnergyAsia, December 21 2011, Wednesday) — Arab Petroleum Investments Corp (APICORP), a development bank owned by 10 Arab oil-producing nations, and National Bank of Fujairah PSC have agreed to lend the first tranche of a US$110 million loan for the construction of an oil storage terminal in Fujairah in the UAE. In a statement, APICORP, (more…)

(EnergyAsia, December 20 2011, Tuesday) — BP Australia has officially started up its new bitumen and marine fuel import terminal on the Brisbane River at Pinkenba in Queensland state. The marine fuel terminal comprises new tanks with the capacity to store 30,000 tonnes and a dedicated barge wharf supported by a new double-hulled bunker barge (more…)

(EnergyAsia, December 20 2011, Tuesday) — Singapore state industrial landlord JTC Corporation (JTC) said it has launched a two-stage request for proposal (RFP) to engage an operator to manage and operate the first phase of the Jurong Rock Caverns (JRC), Southeast Asia’s first underground hydrocarbon storage facility. Located beneath Jurong Island, the cavern’s S$890 million (more…)

(EnergyAsia, December 19 2011, Monday) — US energy consultant ESAI has released a study, Global Oil Trends 2012-2013, focusing on the impact of seven trends on the world oil markets in 2012 and 2013. These include refining capacity expansion, rising caution towards nuclear energy, tighter regulations on shipping carbon emissions, a slowdown in the supply (more…)

(EnergyAsia, December 19 2011, Monday) — Logistic specialist BDP International (BDP) has named Richard Strollo to the position of managing director for South Asia. BDP is a leading privately owned logistics firm, serving more than 4,000 customers globally including chemical and petrochemical companies. Mr Strollo will lead a team of more than 600 across six (more…)

(EnergyAsia, December 19 2011, Monday) — Mongolia Energy Corporation (MEC) Limited said it has started delivering coal to China with the completion of a new 311-km road linking the Khushuut mine in Mongolia to Takeshensken in the Xinjiang region. Following last month’s official recognition of the project’s completion by Mongolia’s State Commission Inspection Committee, MEC (more…)

(EnergyAsia, December 19 2011, Monday) — Australia’s largest downstream oil company may follow the lead of its rivals to scrap its loss-making refinery operations following another warning of a large full-year profit downgrade. Caltex, which has already begun reviewing its refining business, expects its 2011 after-tax operating profit including significant items to fall to between (more…)

(EnergyAsia, December 16 2011, Friday) — Singapore-based upstream company Ramba Energy Limited said it expects to raise S$3.18 million from the sale of shares in a subsidiary to finance its exploration of the Lemang block in southern Sumatra in Indonesia. (US$1=S$1.3). Ramba, which plans to start drilling the block in the first quarter of next (more…)

(EnergyAsia, December 16 2011, Friday) — China’s DADI Engineering Development (Group) Co Ltd has completed its acquisition of a 15.3% stake in Australia’s Metrocoal for A$24 million. (US$1=A$1). The Australian miner said the Chinese firm has fully paid for its purchase of 32 million of its ASX-listed shares at A$0.75 each. With Chinese regulators giving (more…)

(EnergyAsia, December 15 2011, Thursday) — Forty-eight carrier ships will soon be fuelled by liquefied natural gas (LNG), with more to follow, said consultant Zeus Development Corporation which will share this and other findings from its survey of the marine industry at an upcoming conference in Houston, Texas. The company will discuss the use of (more…)

(EnergyAsia, December 15 2011, Thursday) — KazMunaiGas, the state-owned oil and gas company of Kazakhstan, has agreed to pay US$3 billion for a 10% stake in the country’s Karachaganak gas and condensate project in a landmark agreement to settle years of disputes with foreign investors. According to the consortium developing the project, KazMunaiGas (KMG) will (more…)

(EnergyAsia, December 15 2011, Thursday) — The Shaw Group Inc, a US engineering company, said it has been awarded a contract by Iraq’s state-owned South Refineries Company to provide a feasibility study for the rehabilitation of its 140,000 b/d refinery in Basra city. The study will assess the refinery’s condition and estimate the engineering, equipment (more…)

(EnergyAsia, December 15 2011, Thursday) — Denmark’s Maersk Oil said it and Germany’s Siemens have agreed to jointly develop and build turbines for its proprietary tri-generation clean power generation technology. Maersk Oil said its TriGen power generator burns natural gas mixed with pure oxygen to produce clean power, water and ‘reservoir ready’ carbon dioxide (CO2) (more…)

(EnergyAsia, December 14 2011, Wednesday) — The World Energy Council (WEC) expects rapid Chinese and Indian transport fuel demand growth to enable consumption in the developing countries to exceed that of the developed world by 2025. Between now and 2050, the council expects fuel demand to grow by 200% in China and by 300% in (more…)

(EnergyAsia, December 14 2011, Wednesday) — In a report confirming the complaints of environmental and farming groups, the US Environmental Protection Agency (EPA) said it found toxic chemicals used in producing natural gas through the hydraulic fracturing process in drinking water in Wyoming state. The agency said its draft analysis of data obtained from an (more…)

(EnergyAsia, December 13 2011, Tuesday) — Governments submitted to the wishes of polluting corporations at the expense of the people after two weeks of the UN climate summit in the South African city of Durban, said Greenpeace. On the closing of the latest round of UN climate talks, Greenpeace said it became “clear that governments (more…)

(EnergyAsia December 13 2011, Tuesday) — Singapore-based Mercuria Energy Trading Pte Ltd said it received “overwhelming”  response in securing a US$755 million revolving credit facility with 29 international banks syndicated for one and three-year terms. The facility, launched at US$480 million, closed oversubscribed and was upsized to US$755 million. The company said it plans to (more…)

(EnergyAsia, December 13 2011, Tuesday) — US Cheniere Energy Partners said a subsidiary has signed an agreement to supply India’s state gas utility GAIL (India) 3.5 million tonnes of liquefied natural gas (LNG) annually for 20 years, with an option to extend the deal for a further 10 years. The Houston, Texas-based company said that (more…)

(EnergyAsia, December 12 2011, Monday) — French industrial gas giant Air Liquide said its wholly-owned subsidiary, Soxal, is investing 35-million euro in a new air-separation plant  on Singapore’s Jurong Island. The plant, which takes Air Liquide’s recent investment in Singapore to a total of 280-million euro, will produce argon for trade as well as supply (more…)

(EnergyAsia, December 12 2011, Monday) — Knust-SBO, a US precision machining manufacturer of equipment for the oil, gas, geophysical and semiconductor industries, has opened a plant in Singapore yesterday. The Houston, Texas-based subsidiary of Austria’s Schoeller-Bleckman Oilfield (SBO) Equipment expects the manufacturing plant in Tuas Loop to be fully operational by the end of the (more…)

(EnergyAsia, December 9 2011, Friday) — Singapore’s Loyz Energy said upstream subsidiary Loyz Oil Pte Ltd will acquire majority interests in two oil and gas exploration permits in New Zealand and Australia as it looks to establish itself in the Asia-Pacific region. In Australia, Loyz Oil’s wholly-owned Loyz Oil Australia Pty Ltd will secure an (more…)

(EnergyAsia, December 9 2011, Friday) — Energy demand will rise through 2040 as global economic output doubles and prosperity expands across a world which will have a population of nearly nine billion people, said Exxon Mobil Corporation’s latest annual forecast. In its Outlook for Energy: A View to 2040, ExxonMobil projects that global energy demand (more…)

(EnergyAsia, December 9 2011, Friday) — Malaysia’s Benalec Holdings Berhad and Singapore’s Rotary Engineering Limited said they have signed a memorandum of understanding (MOU) to develop an independent deepwater terminal in Malaysia to store, handle and blend oil products for the international markets. To be built on a reclaimed 250-acre site in Tanjung Piai at (more…)