(EnergyAsia, December 9 2011, Friday) — Australia’s Leighton Offshore has launched its new engineering business and fully owned subsidiary DPS Leighton Engineering Sdn Bhd (LE) in Malaysia to provide engineering, procurement management and construction (PMC) services to the oil and gas industry. The company said it grew its detailed engineering and PMC arm after acquiring (more…)

  (EnergyAsia, December 8 2011, Thursday) — Energy advisory firm Global Pacific & Partners is opening a regional office in Singapore with a cocktail reception today on sixth floor of the Mandarin Orchard Hotel from 5.30 pm. Chairman and CEO Duncan Clarke and vice chairman Babette van Gessel will host the reception to announce the (more…)

(EnergyAsia, December 8 2011, Thursday) — Qatar’s RasGas Company Limited said its subsidiary has agreed to supply liquefied natural gas (LNG) to Taiwan’s state-owned CPC Corp (CPC) 1.5 million tonnes of LNG a year for 20 years from 2013. Ras Laffan Liquefied Natural Gas Company Limited 3, or RL 3, has also agreed to supply (more…)

(EnergyAsia, December 7 2011, Thursday) — Qatargas has signed off on a tripartite sales and purchase agreement to supply liquefied natural gas (LNG) to Japan’s Chubu Electric Power Company and Shizuoka Gas Company from 2016. At a signing ceremony at the 2011 World Petroleum Conference in Doha this week, Qatargas said it will transport and (more…)

(EnergyAsia, December 8 2011, Thursday) — Chevron Australia Pty Ltd and its joint venture participants have started work on their A$29 billion Wheatstone natural gas project with a groundbreaking ceremony at Ashburton North near Onslow on Western Australia’s Pilbara coast. (US$1=A$0.98). As one of Australia’s largest project developments, Wheastone comprises two liquefied natural gas (LNG) (more…)

(EnergyAsia, December 7 2011, Wednesday)— East Asia, excluding Japan, faces rising risks from a deep global economic downturn brought on by Europe’s sovereign debt problems and an anemic US economy, said the Asian Development Bank (ADB). But the bank added in its latest Asia Economic Monitor report that the impact on the region would manageable (more…)

(EnergyAsia, December 7 2011, Wednesday) — Two Australian firms said they have confirmed coal seams deposits and hydrocarbon finds in their areas of operations in Botswana and Texas state in the US. Hodges Resources Ltd said laboratory results for the first two diamond core holes at its Morupule South project have confirmed coal seams deposits. (more…)

(EnergyAsia, December 7 2011, Wednesday) — US refiners will pay an average US$102 a barrel for their crude oil next year, up by a dollar from this year, while natural gas will become cheaper, falling from US$4.02 per million British Thermal Unit (BTU) to US$3.70, according to the latest short-term forecast by the US Energy (more…)

(EnergyAsia, December 7 2011, Wednesday) — Exxon Mobil Corp sees the growth in world energy demand as “a cause for optimism because it will signal economic recovery and progress”. In his speech at the 20th World Petroleum Congress in Doha, Qatar, yesterday, Rex W. Tillerson, the US major’s chairman and CEO, said world energy demand (more…)

(EnergyAsia, December 6 2011, Tuesday) — The story below written by Yahoo Singapore’s finance editor Elena Torrijos was published by Yahoo Singapore on December 3. Singapore needs to plan an economic roadmap that takes into account the likelihood that the price of oil could reach between US$200 and US$300 per barrel, a writer and analyst (more…)

(EnergyAsia, December 6 2011, Tuesday) — Oil prices continued to edge up as the combined push of rising global demand and geopolitical tensions in the Middle East and Africa over-rode the bearish pull of the rapidly deteriorating state of the US and European economies. North Sea Brent has held up stubbornly around US$110 a barrel (more…)

(EnergyAsia, December 6 2011, Tuesday) — Australia’s Cougar Energy said it has signed a memorandum of understanding (MOU) with Indonesian mining company PT Medco Energi Mining Internasional to look into jointly identifying and developing underground coal gasification projects. The partners have agreed to assess and identify coal deposits in Indonesia for application of underground coal (more…)

(EnergyAsia, December 5 2011, Monday) — The ExxonMobil-led Papua New Guinea liquefied natural gas (LNG) project is being implemented according to schedule but it faces a four percent rise in cost to US$15.7 billion on account of a rising Australian dollar, said a venture partner. Australia’s Oil Search which has a 29% stake in the (more…)

(EnergyAsia, December 5 2011, Monday) — NYSE-listed InterOil Corporation and Pacific LNG Operations Ltd have signed a heads of agreement (HOA) with China’s ENN Energy Trading Company Ltd for the annual supply of one to one and 1.5 million tonnes of liquefied natural gas (LNG) from the Gulf LNG Project in Papua New Guinea. While (more…)

(EnergyAsia, December 5 2011, Monday) — Qatar Petroleum and Royal Dutch Shell yesterday signed a heads of agreement covering the scope and commercial principles for the development of a world-scale petrochemicals complex in Qatar’s Ras Laffan Industrial City. The partners are looking to develop a world-scale steam cracker to be fuelled by Qatar’s natural gas, (more…)

(EnergyAsia, December 2 2011, Friday) — Canada’s Nexen Inc said it and CNOOC Limited have agreed to a joint venture giving the Chinese firm a working interest in up to six deepwater exploration wells in the Gulf of Mexico. The agreement covers the Kakuna well, which is being drilled, and the Angel Fire well, which (more…)

(EnergyAsia, December 2 2011, Friday) — New Zealand’s LanzaTech said it and Yankuang Group, one of China’s largest coal producers, will jointly produce fuels and chemicals using LanzaTech’s biological fermentation process and synthesis gas from Yankuang’s coal gasification unit. Witnessed by the US Ambassador to China, Gary Locke, as part of a US Trade Mission (more…)

(EnergyAsia, December 2 2011, Friday) — The Asian Development Bank (ADB) said it has approved a US310 million loan for the construction of a 750MW combined cycle gas-fired power plant to supply much needed electricity to southern Vietnam. The proposed US$793.5 million plant is one of four being developed at the O Mon thermal power (more…)

(EnergyAsia, December 1 2011, Thursday) — Mechel OAO, a leading Russian mining and metals company, said it has resumed coal production at its New-Olzherassk underground mine. The company suspended operations at the mine operated by subsidiary Southern Kuzbass Coal Company, in August 2010 for repair and upgrades. By year’s end, the company expects the mine’s (more…)

(EnergyAsia, November 30 2011, Wednesday) — Air Liquide said it has secured a contract to supply China Petroleum and Chemical Corporation or Sinopec 200,000 normal cubic metre per hour (Nm3/h) of gaseous oxygen and nitrogen for use at its existing MPCC oil refinery in Maoming in China’s Guangdong province as well as an upcoming coal-to-hydrogen (more…)

(EnergyAsia, November 30 2011, Wednesday) — A Japanese consortium of upstream company Inpex and engineering firm JGC has agreed to pay C$700 million for a 40% stake in a shale gas prospect in Canada’s British Columbia province. Calgary, Alberta-based Nexen Inc retains a 60% stake and will continue to operate the project to extract and (more…)

(EnergyAsia, November 29 2011, Tuesday) — CNOOC Ltd, China’s leading offshore oil company, said it has completed its C$2.1 billion acquisition of Opti Canada Ltd, a financially stricken oilsands producer in Alberta province. The acquisition gives CNOOC a 35% stake in the Nexen-operated C$6.1-billion Long Lake oil sands project, which is producing below its 72,000 (more…)

(EnergyAsia, November 29 2011, Tuesday) — Global oil demand is expected to rise by around 900,000 b/d to 89.2 million b/d this year and by 1.3 million b/d to 90.5 million b/d next year, according to the latest monthly forecast issued by the International Energy Agency (IEA). The latest forecast represents a slight decline from (more…)

(EnergyAsia, November 28 2011, Monday) — Liquid Niugini Gas Ltd, a company jointly owned by InterOil Corp and Pacific LNG Operations Ltd, has signed a heads of agreement (HOA) to supply Gunvor Singapore Pte Ltd one million tonnes of liquefied natural gas (LNG) a year for 15 years from 2015. The LNG will be sourced (more…)

(EnergyAsia, November 28 2011, Monday) — Oil and gas pipelines and transportation infrastructure are among projects being considered by Central Asian governments and senior representatives of development agencies who met in Baku in Azerbaijan last week to work out a new 10-year strategy for the region. An oil transportation system and a natural gas pipeline (more…)