(EnergyAsia, November 16, Monday) — DnB NOR Markets, the investment banking arm of the Norwegian financial institution, recently organised its inaugural Asian Investor Conference on the international energy, offshore and maritime sectors. More than 300 representatives from global investment institutions attended the event to discuss investment opportunities as well as networked with professionals from the (more…)

(EnergyAsia, October 23, Friday) — Germany’s Hellespont shipping group has established a new company in Singapore, Hellespont Singapore Pte Ltd, to operate offshore vessels in the region. Captain Andy Lidgard, managing director of Hellespont Singapore, will be tasked with developing relationships with key charterers, sourcing crew for the company’s PSV fleet and establishing Hellespont as (more…)

(EnergyAsia, October 20, Tuesday) — Indonesia, Malaysia and Singapore have concluded a joint technical arrangement with the International Maritime Organisation (IMO) for a trust fund that supports co-operation among stakeholders in enhancing safety and marine environment protection in the Straits of Malacca and Singapore. With an initial contribution of US$1 million from Greece, the fund (more…)

(EnergyAsia, October 19, Monday) — The fourth edition of Carbon Forum Asia in Singapore on October 26-27 is expected to attract more than 1,200 participants from more than 80 countries to seek deals, exchange ideas and showcase the latest carbon abatement solutions and technologies. Adding to the lively atmosphere, the UN Framework Convention on Climate (more…)

(EnergyAsia, October 12, Monday) — The International Bunker Industry Association (IBIA) will use its platform at this week’s annual convention in Singapore to continue efforts at developing a professional bunker industry qualification. Chris Fisher, chairman of IBIA, will explain to delegates and association members how it intends to help the industry professionals gain formal qualification. (more…)

(EnergyAsia, October 2, Friday) — Global tank solutions provider HMT will be spearheading efforts at upgrading terminal storage industry practices in Asia at the “Fuel Storage and Terminalling Course: Management and Operations” event on October 28-29 in Singapore. Through its Singapore office at HMT Pte Ltd, the Texas, US-based storage tank specialists will be sharing (more…)

(EnergyAsia, September 23, Wednesday) —- Gates Corporation, the largest non-tire rubber manufacturer of automotive and industrial products, systems and components in North America, said it recently acquired Dubai-based Hydrolink, a provider of engineering, fabrication services for the oil and gas industry as well as service operations for fluid power products in the Persian Gulf region. (more…)

(EnergyAsia, September 22, Tuesday) — Two Singapore companies, green energy R&D company Neftech Pte Ltd and container shipping operator APL, have agreed to work together to develop cleaner and more efficient fuel solutions for use in shipping fleets. They expect Neftech’s proprietary cavitation technology to deliver at least 10% in fuel cost saving for users (more…)

(EnergyAsia, September 17, Thursday) —- Macquarie Generation, Australia’s largest electricity generator, said it has selected SunGard’s Fuelworx, an energy trading, transaction and risk management solution suite  to help it streamline and automate its fuels procurement processes, manage its contracts and maintain audit controls. Macquarie Generation added that it would be using the software to help (more…)

(EnergyAsia, September 10, Thursday) — Global fuel testing agency Lintec Testing Services has been named ‘Supplier of the Year 2009’ by Incentra, the Norwegian society of shipowners, ship managers and rig companies. Owners of around 670 ships, vessels and rigs, members of the Oslo-based non-profit organisation rated UK-based Lintec highest among their suppliers of marine (more…)

(EnergyAsia, September 9, Wednesday) — Singapore Exchange Limited (SGX) is inviting public comments on the proposed contract specifications of its proposed fuel oil 380-centistoke futures contract to be launched on its derivatives market. The proposed FO 380 contract will be traded in units of 100 tonnes per lot and is physically deliverable at exchange-designated installations. (more…)

(EnergyAsia, September 2, Wednesday) — Australia’s Arrow Energy said its profit for the year ended June 30 2009 surged by 885% to A$366 million compared with the previous year. (US$1=A$1.2). The company said its full year earnings before interest, tax, depreciation and amortisation (EBITDA) was A$580.2 million, a 723% increase on the prior full year (more…)

(EnergyAsia, August 24, Monday) — New figures announced at a recent resource conference have highlighted the struggle facing Australian explorers to raise working capital for both new and on-going exploration and mining projects over the past two years At the Paydirt 2009 Resources Victoria Conference in Melbourne, Patersons Securities Limited said there were 252 initial (more…)

(EnergyAsia, August 19, Wednesday) — A high-powered delegation from Abu Dhabi led by Crown Prince General Sheikh Mohamed bin Zayed Al Nahyan, was in China recently to strengthen energy, economic, political and military ties between the two countries. General Sheikh Mohamed, who is also Deputy Supreme Commander of the UAE Armed Forces and chairman of (more…)

(EnergyAsia, July 30, Thursday) — Malaysia’s Bumi Armada Bhd, owner and operator of the country’s largest fleet of offshore vessels, said its second floating production, storage and offloading (FPSO) vessel, the Armada Perdana, has set sail to operate in offshore Nigeria.  The company held a sail-away ceremony for the 1988-converted vessel at the Keppel Shipyard (more…)

(EnergyAsia, July 22, Wednesday) — Russia’s United Industrial Corporation (OPK) said it has started work at its St. Petersburg shipyards to build the world’s first nuclear power plant. OPK, one of Russia’s largest diversified corporations managing more than 300 billion roubles worth of assets, said it signed a contract with state-owned nuclear power company Concern (more…)

(EnergyAsia, July 13, Monday) — Chicago, US-based CME ClearPort marked its seventh anniversary last month serving as the clearance house for over-the-counter trades in 700 energy, metal and agricultural commodities around the world. CME ClearPort, which helps customers around the world mitigate their counterparty credit risks, now handles 700,000 transactions per day, and expects the (more…)

(EnergyAsia, July 10, Friday) — One of Singapore’s largest real estate companies, City Developments Limited (CDL), is increasing its profile as a green developer with the launch of a certified carbon-neutral building, possibly the first in the Asia Pacific region. The newly-completed 11 Tampines Concourse office block was given its green status by UK-based Carbon (more…)

(EnergyAsia, July 1, Wednesday) — The world’s largest national oil companies (NOCs) and super majors are planning to invest more than US$375 billion despite concerns over weak oil demand, said consultant Ernst & Young. In a report, Investing for the upturn, Ernst & Young found that the largest NOCs will invest over US$275 billion to (more…)

(EnergyAsia, June 30, Tuesday) — August Energy Pte Ltd’s “BUNKER INDUSTRY: Trading, Pricing & Operating Risks” course held at the Suntec City in Singapore on June 24 and 25 attracted nearly 60 delegates and industry participants. The event  focused on issues of risk mitigation and management for the bunker business during this difficult period of (more…)

(EnergyAsia, June 29, Monday) — Paris, France-based JEC group, organiser of the JEC Composites Asia conference and exhibition, has promised to stage a bigger event in Singapore this year to build upon the success of last October’s show. On July 9, Frédérique Mutel, JEC’s President and CEO, will chair a media briefing to present details (more…)

(EnergyAsia, June 26, Friday) — The ‘20th World Oil Forum’, a flagship programme in the Global Pacific & Partners worldwide event portfolio, will be held in London, UK from July 13 to 15. The forum will focus on critical world oil and gas issues, shifting geopolitics in energy, and issues affecting future exploration and development (more…)

(EnergyAsia, June 26, Friday) — The Oxford Princeton Programme will be holding a shipping course, ‘A practical understanding of commercial risks in laytimeand demurrage’, in Singapore on July 16 and 17. The course aims to provide delegates with an understanding of the commercial risks associated with laytime and demurrage in shipping charter parties and oil (more…)

(EnergyAsia, June 26, Friday) – The second annual FPSO summit will be held in Kuala Lumpur, Malaysia from August 17 to 19. More than 30 FPSO owners and operators will be sharing strategies in dealing with newbuilds and projects in conversion. The event will feature a multi-disciplinary coverage of the world’s first floating, drilling, production, (more…)

(EnergyAsia, June 25, Thursday) — The ‘Economic Assessment Techniques Used in Oil and Gas Industry’ course, organised by NeoEdge Pte Ltd, will be held in Singapore from July 7 to 10. The course will discuss the fundamental risks, uncertainties and issues associated with new investment and management of existing assets within the upstream oil and (more…)