(EnergyAsia, October 6 2011, Thursday) — Norway’s DNV said it has established a Greater China Pipeline Technical Consultative Committee with Yang Zupei, Secretary General of the Chinese state-owned CNPC Oil & Gas Storage and Transportation Standardization Committee, as its first chairman. DNV said this is its second pipeline committee in the world and the first (more…)

(EnergyAsia, October 6 2011, Thursday) — In a major blow to the nuclear lobby, German industrial and engineering giant Siemens said it is quitting the business of managing, building or financing nuclear plants. In an interview with the Der Spiegel newspaper, the company’s President and CEO, Peter Loescher, said Siemens is exiting the business as a (more…)

(EnergyAsia, October 6 2011, Thursday) — Dubai Electricity and Water Authority (DEWA) said it has extended the final date of receiving bids for the proposed 1,500MW Hassyan-1 Independent Power Project to December 12 2011. The state agency said it did so on the request of the 18 companies invited to submit their bids to develop (more…)

(EnergyAsia, October 5 2011, Wednesday) — The government of Canada’s British Columbia province said it will contribute C$15 million to a C$90-million investment to expand the Ridley Island terminal capacity to support Western Canada’s export of natural resources including coal to Asia. (US$1=C$1.05). The project, on the Port of Prince Rupert, includes construction of new (more…)

(EnergyAsia, October 5 2011, Wednesday) — InterOil Corporation said it is seeking strategic partners for its liquefied natural gas (LNG) project in Papua New Guinea currently being developed by its joint venture entity, Liquid Niugini Gas Limited. InterOil said it has retained Morgan Stanley & Co. LLC, Macquarie Capital (USA) Inc and UBS AG as (more…)

(EnergyAsia, October 4 2011, Tuesday) — Scandal-hit Puda Coal said its CEO, the legal counsel to its chairman, and the company’s CFO had all resigned in late September. CEO and director Liping Zhu submitted his resignations to the board on September 22 and was followed by Qiong (Laby) Wu as its chief financial officer and (more…)

(EnergyAsia, October 4 2011, Tuesday) — HMS Bergbau AG, a Germany-based international coal supplier with expertise in coal mining, transport and trade, has affirmed its expansion plans by further developing its activities in Asia. The company underlined its strategic focus despite announcing a set of downbeat first half financial results. Group revenues fell 21.9% to (more…)

(EnergyAsia, October 3 2011, Monday) — The Gulf of Mexico tragedy could have been prevented if the entire operations were automated and tougher regulations existed to enforce safety operating procedures, said Jason Urso, Honeywell’s Chief Technology Officer at the Honeywell Users Group event in Fremantle, West Australia on August 21 to 24 2011. “A lot (more…)

(EnergyAsia, September 30 2011, Friday) — The Oxford Princeton Programme is offering the following workshops in Singapore for the last quarter of this year. For details, please contact Sean Chiu of The Oxford Princeton Programme at +65-6837 8032 or schiu@oxfordprinceton.com. Fundamentals of Petroleum Refining – A Non-Technical Introduction (FPR), October 3 to 4. This two-day (more…)

(EnergyAsia, September 30 2011, Friday) — UK’s BG Group said it has secured an agreement to supply India’s Gujarat State Petroleum Corporation (GSPC) up to 2.5 million tonnes of liquefied natural gas (LNG) a year for up to 20 years starting 2014. BG said it will supply the LNG from its global portfolio once it (more…)

(EnergyAsia, September 30 2011, Friday) — India’s GMR said it has agreed to sell a 30% stake in subsidiary GMR Energy Singapore Pte Ltd (GMRE) to Petronas International Corporation Ltd (PICL), a wholly-owned subsidiary of Malaysia’s state energy company Petronas. GMRE is investing S$1.2 billion to develop an 800 MW combined cycle gas turbine (CCGT) (more…)

(EnergyAsia, September 29 2011, Thursday) — Nestled in Ayuddhaya-Nakorn Rachasrima in Thailand, Laemthong Farm forms part of the Laemthong Sahakarn Corporation that specialises in agricultural services looking after farms and livestock. The company owns and operates 20 farms across the country with the help of 3,000 employees, and reliable uninterrupted power supply from Cummins Power (more…)

(EnergyAsia, September 29 2011, Thursday) — The shipping industry’s confidence levels fell to their lowest level for three and a half years in the three months ended August 2011, according to the latest shipping confidence survey by leading accountant and shipping adviser Moore Stephens. Fears of a supply glut, continuing uncertainty over the global economy (more…)

(EnergyAsia, September 29 2011, Thursday) — Chevron Corporation said it has given the approval for its Australian subsidiary to develop the US$29 billion foundation phase of its proposed giant Wheatstone liquefied natural gas (LNG) export complex in Western Australia state. As the project’s operator, the US major announced its decision after the Australian government granted (more…)

(EnergyAsia, September 27 2011, Tuesday) — Australia’s resources and energy commodity export earnings are forecast to rise by 21% to reach a record A$215 billion for financial year 2011, according to the Bureau of Resources and Energy Economics (BREE). (US$1=A$0.97). It issued this bullish forecast in the September edition of its Resources and Energy Quarterly (more…)

(EnergyAsia, September 26 2011, Monday) — PEC Ltd, a Singapore company which provides engineering, procurement and construction (EPC) and plant maintenance services to the energy and pharmaceutical industries, said it has secured a five-year contract to provide tank maintenance and repair services for ExxonMobil Asia Pacific Pte Ltd. Starting this month, PEC will maintain the (more…)

(EnergyAsia, September 26 2011, Monday) — Dutch oil and chemicals logistics giant Royal Vopak is targeting to grow its liquefied natural gas (LNG) portfolio with the opening of its first newly constructed terminal in the Netherlands and the acquisition of an established terminal in Mexico. At a ceremony last Friday, Queen Beatrix of the Netherlands (more…)

(EnergyAsia, September 26 2011, Monday) — Chevron Corp is one step closer towards launching its US$25-billion Wheatstone project to develop an export-oriented liquefied natural gas (LNG) business out of vast gas reserves off the coast of Western Australia. Last week, the Australian government’s Federal Environment Minister Tony Burke announced its approval of the proposed complex (more…)

(EnergyAsia, September 23 2011, Friday) — Energy professionals from more than 50 countries attending this week’s CWC 3rd World LNG Series: Asia Pacific Summit in Singapore confirmed that surging Asian demand will drive the industry’s global development in coming years. More than 270 delegates, with over 70% from outside Singapore, attended the event at the (more…)

(EnergyAsia, September 23 2011, Friday) — BOC, one of the world’s largest banks, said it is setting up its first overseas forfaiting and commodity finance units in Singapore in response to growing demand for commodity and general trade financing. The bank said it chose Singapore for its strategic location and active community of commodity traders (more…)

(EnergyAsia, September 22 2011, Thursday) — Shell Malaysia has officially opened its newly refurbished Westport oil terminal in Pulau Indah in Port Klang on the west coast of Peninsular Malaysia. Located on a 25-acre site, the terminal helps serve more than half a million of Shell’s customers at over 900 retail sites nationwide. Last December, (more…)

(EnergyAsia, September 22 2011, Thursday) — Thai upstream company, PTT Exploration and Production Public Company Limited (PTTEP), said it has found more natural gas in the offshore AC/RL7 block in Australia’s Timor Sea, about 700 km west of Darwin city. The company’s President and CEO, Anon Sirisaengtaksin, said that wholly-owned subsidiary, PTTEP Australasia Ashmore Cartier (more…)

(EnergyAsia, September 20 2011, Tuesday) — Access to reserves has overtaken uncertain energy policy as the biggest risk facing oil and gas companies today, according to Ernst & Young’s latest Top 10 ranking of industry risks. In releasing its report, “Turn risks and opportunities into results”, Sanjeev Gupta, Asia-Pacific Oil & Gas Leader for Ernst (more…)

(EnergyAsia, September 19 2011, Monday) — Insurance and risk management services provider Aon Corp has appointed former ExxonMobil executive Martin Westacott as regional director for its energy services under Aon Risk Solutions Asia. Mr Westacott, who has 25 years of experience in the upstream and downstream energy and chemical sectors, will focus on key energy (more…)

(EnergyAsia, September 19 2011, Monday) — Foster Wheeler AG said its Global Engineering and Construction Group and Honeywell’s UOP will jointly supply the technology for a basic engineering design package for a solvent deasphalting (SDA) unit at the Sohar oil refinery in Oman. The consortium was awarded the contract by Oman Refineries and Petrochemicals Co (more…)