(EnergyAsia, July 15 2011, Friday) — The 2011 edition of this map, measuring 120 cm by 90 cm, shows the latest oil, gas, petrochemical, chemical and power and marine installations and plants in Singapore and Johor. Details at Admin@EnergyAsia.com.   First produced in 1999, this unique map contains latest statistical information including oil and power consumption, (more…)

(EnergyAsia, July 14 2011, Thursday) — US-based energy and metals derivatives exchange CME Group said it will launch the world’s first coking coal swap contract on July 25. Based on Platts’ Australian spot hard coking coal price assessment, the Australian Coking Coal Swap Futures contract will be available for trading on the NYMEX trading floor, (more…)

(EnergyAsia, July 14 2011, Thursday) — Marex Spectron Group, the UK-based global commodities and financial markets brokerage, said it has become the first broker to offer coverage of the Chinese coal swaps market. This is a key development in the evolution of the coal market in China, the world’s biggest producer and consumer of coal. (more…)

(EnergyAsia, July 13 2011, Wednesday) — Japan’s Marubeni Corporation has agreed to pay US$224 million for a 42.86% stake in YTL Jawa Power Holdings BV which owns a 35% equity interest in Indonesia’s PT Jawa Power. Malaysia’s YTL Power International Berhad, which sold the stake to Marubeni’s wholly-owned subsidiary, Aster Power Holding BV, said Jawa (more…)

(EnergyAsia, July 12 2011, Tuesday) — Hong Kong-listed King Stone Energy Group Limited said it has agreed to fully acquire Inner Mongolia Liaoyuan Coal Mining Company Limited from Shanghai Quintana Investment Management Centre for an undisclosed sum. In its memorandum of understanding (MOU) with Shanghai Quintana, King Stone said it will pay for the shares (more…)

(EnergyAsia, July 12 2011, Tuesday) — The Australian government said its “Strong Growth, Low Pollution” research has found that the economy will continue to grow strongly at the same time as it reduces carbon pollution by targeting the country’s worst polluters. The report modelled the impact on the economy by putting a price on carbon (more…)

(EnergyAsia, July 12 2011, Tuesday) — Australia’s new carbon policy will reduce the competitiveness of the country’s natural gas exporters against liquefied natural gas (LNG) producers in Qatar, Malaysia, and Indonesia, said the Australian Petroleum Production & Exploration Association (APPEA). On Sunday, the government unveiled its much awaited carbon policy to take effect from next (more…)

(EnergyAsia, July 11 2011, Monday) — Maersk Drilling, a subsidiary of Denmark’s A.P. Moller-Maersk group, said it is exercising an option to build two new ultra deepwater drillships at Samsung Heavy Industries in South Korea for delivery in the second and third quarters of 2014 respectively. The US$1.3 billion project includes a turnkey contract with (more…)

(EnergyAsia, July 11 2011, Monday) — Predictably, the Australian Coal Association (ACA) has slammed the government’s proposed carbon pricing scheme as a tax that will hurt the economy, cost jobs, and reduce the competitiveness of the coal industry and giving an advantage to miners in other countries. Ralph Hillman, the association’s executive director, said the (more…)

(EnergyAsia, July 11 2011, Monday) — The Australian government said its new carbon tax to start from next July will reduce carbon pollution by 159 million tonnes a year through 2020, the equivalent of taking over 45 million cars off the road. The tax will be imposed on 500 of the country’s biggest polluters under (more…)

(EnergyAsia, July 8 2011, Friday) — The 2011 edition of this map, measuring 120 cm by 90 cm, shows the latest oil, gas, petrochemical, chemical and power and marine installations and plants in Singapore and Johor. First produced in 1999, this unique map contains latest statistical information including oil and power consumption, refining capacities, power (more…)

(EnergyAsia, July 7 2011, Thursday) — Central Petroleum Limited and Allied Resource Partners Pty Ltd (ARP) said they have agreed to jointly develop a clean fuel production project that will draw on a recently discovered “very large” coal field in central Australia. The Pedirka Basin in the arid Simpson Desert in south east Northern Territory (more…)

(EnergyAsia, July 7 2011, Thursday) — Chevron Neftegaz Inc, an affiliate of Chevron Corporation, said it and members of a consortium have officially begun construction of a US$5.4 billion expansion of the Caspian pipeline to deliver crude oil from western Kazakhstan to a dedicated terminal in the Black Sea. When completed in 2015, the pipeline (more…)

(EnergyAsia, July 6 2011, Wednesday) — Australia’s Arrow Energy said it has begun operating the 450MW Braemar 2 power station in Queensland state, following its acquisition last week of the remaining 25% stake to underline its commitment to provide gas to the domestic market. Commissioned in 2009, the A$550 million Braemar 2 plant is fuelled (more…)

(EnergyAsia, July 6 2011, Wednesday) — Singapore’s SembCorp Industries said it has begun construction of its S$40 million integrated wastewater treatment plant on the Jurong Island oil-petrochemical downstream. (US$1=S$1.25). Expected to start up in the second half of 2012, the plant will have the capacity to treat 9,600 cubic metres per day of industrial wastewater, (more…)

(EnergyAsia, July 5 2011, Tuesday) — Australia’s Cougar Energy Limited has issued the following statement with regard to the Queensland state’s on-going investigation to alleged environmental violations at its Kingaroy underground coal gasification site since last July 15. The ASX-listed company said it has “co-operated at all times” with the state government’s Department of Environment (more…)

(EnergyAsia, July 4 2011, Monday) — Malaysia’s largest offshore oil and gas services provider, Bumi Armada Berhad, is aiming to raise around RM1.9 billion from through an initial public offering (IPO) of 30% of its enlarged share capital of 2.25 billion shares to retail and institutional investors. (US$1=RM3). The IPO will comprise the offering of (more…)

(EnergyAsia, June 29 2011, Wednesday) — The 2011 edition of this map, measuring 120 cm by 90 cm, shows the latest oil, gas, petrochemical, chemical and power and marine installations and plants in Singapore and Johor. First produced in 1999, this unique map contains latest statistical information including oil and power consumption, refining capacities, power (more…)

(EnergyAsia, June 29 2011, Wednesday) — China’s apparent oil demand in May reached 39.4 million metric tons (mt) or an average of 9.31 million barrels per day (b/d), which was 8% higher year on year, as state-owned enterprises continued to increase output to meet local market supply needs, said energy media Platts. But Platts said (more…)

(EnergyAsia, June 29 2011, Wednesday) — UK’s BG Group said it has signed a key cooperation agreement with Bank of China that allows for it to access up to US$1.5 billion in new funding options to support its expansion in the global gas industry. Building upon their existing commercial relationships, the Memorandum of Understanding (MoU) (more…)

(EnergyAsia, June 29 2011, Wednesday) — Three Singapore-based firms, Singapore Exchange, Singapore Mercantile Exchange and BDP, have named senior executive appointments. Singapore Exchange (SGX) has hired a veteran oil trader for the first time to head its commodities business underlining its attempt to become a leading commodities exchange in Asia. Julie Heng, a gasoline trader, (more…)

(EnergyAsia, June 28 2011, Tuesday) — Exxon Mobil said it and Shell will expand their jointly-owned Birkenhead storage terminal in Adelaide in South Australia by more than 10% with the construction of a new nine-million-litre diesel tank. Exxon Mobil did not say how much the project would cost when completed next June to bolster Birkenhead (more…)

(EnergyAsia, June 28 2011, Tuesday) — US engineering giant Honeywell said it has been selected by Iraq’s largest refining company as its main engineering, procurement and construction (EPC) contractor to upgrade the automation systems at its plant in the town of Baiji. The US$9.6 million contract by North Refineries Company (NRC) calls for an upgrade (more…)

(EnergyAsia, June 27 2011, Monday) — With installations of charging networks for electric vehicles in 11 countries, Singapore-based Greenlots said it has successfully concluded a round of equity financing to help accelerate its global growth. Led by SBI Ven Capital, the overseas investment arm of SBI Group and Japan’s largest independent venture group, and Tembusu (more…)

(EnergyAsia, June 27 2011, Monday) — Singapore has launched its much-anticipated national system to test and gauge different electric vehicle (EV) prototypes and charging technologies in the city-state’s highly urbanised environment and road conditions before deciding whether to roll it out for mass adoption. Officially launched on June 25, the S$20 million, three-year trial project (more…)