In his new starring role at GE Power Services, football fan Martin O’Neill sees the hugely competitive English Premier League providing a few management lessons. “We can’t afford to buy a Neymar yet, nor would we want to pursue a strategy of splurging on players and projects like Manchester City,” said the general manager of (more…)
(EnergyAsia, October 20 2017, Friday) — India’s growing importance to the global energy markets was underlined by the attendance of senior officials of international firms and organisations including Saudi Aramco’s president and CEO Amin H. Nasser at an energy forum in New Delhi last week….
(EnergyAsia, October 11 2016, Tuesday) — Saudi Arabia’s state-owned oil giant Aramco will increase the amount of crude oil it currently stores on Japan’s Okinawa Island from 6.3 million barrels to around 8.3 million barrels from next year.
(EnergyAsia, September 30 2016, Friday) — Asia’s developing economies remain on course for another two years of strong growth despite the headwinds of tough global conditions, predicts the Asian Development Bank (ADB). In its latest survey of the region, the bank said it expects the 45 developing economies to grow by a collective 5.7% in (more…)
(EnergyAsia, September 22 2016, Thursday) – Asia’s import dependence on oil and gas products is set to rise further as the region’s refiners have largely failed to add or upgrade production capacity to take advantage of low feedstock cost over the last two years, said Bain & Company.
(EnergyAsia, September 19 2016, Monday) — The market for protecting oil and gas infrastructure in the Middle East is worth US$18 billion by 2018, with cybersecurity spending in the global industry expected to reach US$1.87 billion, according to an Abu Dhabi event organiser citing separate studies. The Middle East study was undertaken by MarketsandMarkets while (more…)
(EnergyAsia, April 19 2016, Tuesday) — Russian nuclear energy provider Rosatom has announced the opening of a regional office in Beijing to serve the Chinese market. Rosatom said the new office will enhance its collaboration with Chinese firms as well as develop opportunities for international expansion. The company has similar regional representative offices in Latin (more…)
(EnergyAsia, April 19 2016, Tuesday) — Officials of Turkmenistan, Afghanistan, Pakistan and India, and the Asian Development Bank (ADB) have signed an investment agreement for the construction of a proposed US$10-billlion pipeline to deliver natural gas from Central to South Asia. The agreement will pave the way for the TAPI Pipeline Company Limited (TPCL), owned (more…)
(EnergyAsia, April 18 2016, Monday— US industrial giant GE and South Korea’s LSIS said they have agreed to undertake “comprehensive cooperation” in developing and implementing smart energy solutions. The companies have signed a memorandum of understanding (MoU) to collaborate extensively on manufacturing innovation, as well as on smart grid solutions such as energy storage systems (more…)
(EnergyAsia, April 4 2016, Monday) — REC, a global provider of solar energy solutions, has announced it will invest a total of S$250 million in automation, technology upgrade and research and development (R&D) efforts to bolster its operations in Singapore. (US$1=S$1.37). Eighty percent of that investment will go towards increasing productivity and efficiency at the (more…)
(EnergyAsia, June 1 2015, Monday) — The US is well ahead of its resource-rich northern neighbour in developing projects to liquefy and export natural gas projects to Asia, said consultant Wood Mackenzie. “While North America’s huge gas resource base offers significant potential for LNG exports, 50 million tonnes per annum (mmtpa) of LNG production capacity (more…)
(EnergyAsia, March 9 2015, Monday) — Forget about oil prices overshooting to the upside and making a strong recovery even as the growth in global oil supply slows sharply from mid-year, predicts the IEA.
(EnergyAsia, March 6 2015, Friday) — Asia’s collective GDP could be boosted by between 0.25% and 0.5% for 2015 if crude oil prices remain at current levels, said global business services provider TMF Group. For China, the US$50 per barrel plunge in oil price is generating an immediate stimulus worth US$112 billion or the equivalent (more…)
(EnergyAsia, January 16 2015, Friday) –— Most oil-importing developing countries are positioned to reap “substantial” benefits benefit from the collapse in crude prices, now expected to hit six-year lows, said the World Bank. In an analysis in its latest edition of Global Economic Prospects, the bank said it expects oil prices to remain weak through with “significant” (more…)
(EnergyAsia, January 15 2015, Thursday) — Chinese and Malaysian state-owned firms along with France’s Total are believed to have expressed interest in participating in the development of a proposed US$10 billion pipeline to deliver natural gas from Turkmenistan to Afghanistan, Pakistan and India.
(EnergyAsia, January 13 2015, Tuesday) — In separate announcements, European power solutions providers ABB and Alstom have signed agreements to supply their technology and services in Japan and Singapore. ABB said it is partnering Hitachi Limited to supply high voltage direct current (HVDC) technology services to meet Japan’s energy demand while Alstom will work with (more…)
(EnergyAsia, December 2 2013, Monday) — Citing improving economic conditions in the US and Europe, the Organisation of Petroleum Exporting Countries (OPEC) has slightly raised its November forecast for global oil consumption for 2013 and 2014. It now expects this year’s global oil demand to rise by 860,000 b/d, up from last month’s call for (more…)
(EnergyAsia, September 18 2013, Wednesday) — UK-based oil and gas services provider Petrofac said it has secured a US$120 million agreement from Malaysian state energy firm Petronas to build, operate and manage two high-specification training facilities as part of its programme to enhance the capabilities of the local workforce. The operations and management components of (more…)
(EnergyAsia, December 6 2012, Thursday) —- Qatargas Operating Company Ltd said it will deliver the first cargo of liquefied natural gas (LNG) to Singapore’s new terminal due to open in the first quarter of next year. The cargo, to be delivered on either a Q-Flex or a Q-Max LNG vessel, will be used to commission (more…)
(EnergyAsia, December 6 2012, Thursday) — Adani Group, an India-based global infrastructure company, said it has mapped out Australia’s largest mining exploration programme in Queensland state’s Carmichael mine which it claims holds up to 10 billion tonnes of coal reserves. As part of the programme, the company said it has deployed a record number of (more…)
(EnergyAsia, December 6 2012, Thursday) — This was a week of contrasting fortunes for Singapore’s two world-leading oil rig builders. On Monday, Sembcorp Marine suffered one of its worst industrial accidents in recent years while Keppel Corp announced it had signed a US$1.2 billion contract to build two rigs. Sembcorp Marine, a subsidiary of Sembcorp (more…)
(EnergyAsia, December 5 2012, Wednesday) — A record of more than 26,700 people attended OSEA2012 in Singapore last week to make it Asia’s largest oil and gas business event. According to organiser Singapore Exhibition Services (SES), the participants from 75 countries and regions attended the event from November 27 to 30. As the premier sourcing (more…)
(EnergyAsia, October 1 2012, Monday) — For the third consecutive month, the Organisation of Petroleum Exporting Countries (OPEC) has maintained its forecasts for global oil demand to grow by 900,000 b/d to 88.74 million b/d in 2012 and by 800,000 b/d to 89.55 million b/d next year. The cartel’s outlook contrasts that of the US (more…)
(EnergyAsia, September 26 2012, Wednesday) — Singapore Power said it is investing S$2 billion to build two tunnels to hold and protect cross-island extra-high voltage transmission cables to ensure the supply of reliable, secure and quality power to 1.3 million consumers. (US$1=S$1.23). To be constructed between 2012 and 2018, the North-South and East-West cable tunnels (more…)
(EnergyAsia, August 28 2012, Tuesday) — About half of the world’s oil is supplied on maritime routes that could easily be disrupted along seven narrow channels known as chokepoints, said the US Energy Information Administration (EIA). Restrictions have to be placed on the size of vessels passing through these channels, making them the most vulnerable...