(EnergyAsia, June 24 2010, Thursday) — The Bangladeshi government plans to invite the private sector for the first time to build oil depots to store the country’s rising fuel imports. State oil firm Bangladesh Petroleum Corporation (BPC) will seek expressions of interest for the construction of several depots nationwide, an official from the company said....

(EnergyAsia, June 24 2010, Thursday) — Florida, US-based SinoCoking Coal and Coke Chemical Industries Inc said it has received approvals from the Baofeng County government and the municipality of Pingdingshan in China to act as a county-wide coal mine consolidator. The company said the award makes it one of seven private enterprises qualified to bid...

(EnergyAsia, June 24 2010, Thursday) — Hong Kong-listed China Oil And Gas said it has signed a memorandum of understanding (MOU) with Sino Advance to acquire its entire issued share capital of COG Holdings, which holds a 70% equity interest in a coal mining company. Shandong Shuanghe Mining, which explores and develops coal mines, has...

(EnergyAsia, June 24 2010, Thursday) — The energy ministers of the Asia Pacific Economic Cooperation group have issued a joint statement at the end of their ninth meeting in Fukui city in Japan this week. Entitled, “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable APEC”, the meeting sought to identify solutions...

  (EnergyAsia, June 23 2010, Wednesday) — Halcyon Offshore’s young owners serving the offshore oil and gas industry have a unique way of looking at their business: they liken the work of equipping and modifying vessels to a real estate project. Set up by a group of friends in 2007, the multi-disciplinary engineering and construction...

(EnergyAsia, June 23 2010, Wednesday) — Singapore is determined to develop a floating terminal to store oil and petrochemicals on the island of Pulau Sebarok near the city-state’s oil refining and trading hub on Jurong Island. State agency JTC Corporation, which is in charge of developing industrial land and infrastructure, has engaged a consultant to...

(EnergyAsia, June 23 2010, Wednesday) — Tuas Power, Singapore’s third-largest generating company with a licensed capacity of 2,670MW, said it has increased its share of the country’s electricity market to 24.5% in the first quarter of this year from 22.4% in the same period last year. In 2009, Tuas Power, which was acquired by China...

(EnergyAsia, June 23 2010, Wednesday) — The UAE is expected to increase its oil storage capacity by an average of 9.3% every year for the next 3 years, according to a recent report published by Global Data.    Construction of new oil storage facilities in Fujairah state are expected to boost the Gulf nation’s oil...

(EnergyAsia, June 23 2010, Wednesday) — Halcyon Offshore Pte Ltd, a Singapore-based multi-disciplinary engineering and construction contractor for the offshore oil and gas industry, said it has agreed to acquire Cables International Pte Ltd and its subsidiaries (CI) from Singapore Exchange-listed King Wan Corporation and CI’s management for S$30 million. (US$1=S$1.38) Halcyon Offshore, which started...

(EnergyAsia, June 23 2010, Wednesday) — Indonesia’s oil production is headed for further decline as the country’s attractiveness as an investment destination for foreign energy companies continues to decline.   Ari Soemarno, a former president director of state oil company Pertamina, said the government’s production target of 965,000 b/d this year will probably not be...

(EnergyAsia, June 22 2010, Tuesday) — Analysts predict the Gulf of Mexico disaster could hurt global oil supply later this decade as a backlash against offshore drilling in more than 500 feet of water will lead to costly regulations and even a prolonged outright ban in the US. The BP-operated Macondo well has been leaking...

(EnergyAsia, June 22 2010, Tuesday) — Boosted by rising economic growth, electricity demand in Singapore has risen sharply in the first fourth months of the year over the same period last year, said Energy Market Company (EMC) CEO Dave Carlson. He disclosed that early in May, peak electricity demand spiked to an all-time high of...

(EnergyAsia, June 22 2010, Tuesday) — Singapore ranks as the worst environmental offender among 179 countries, according to a study jointly done by the National University of Singapore (NUS) and the University of Adelaide. NUS professor Navjot Sodhi, a co-author of the study, said that Singapore has lost 90% its forest, 67% of its birds,...

(EnergyAsia, June 22 2010, Tuesday) — In its latest research report, energy consultant Douglas-Westwood is predicting that worldwide expenditure on floating production systems (FPSs) will total $44.8 billion between 2010 and 2014. “The World Floating Production Report 2010-2014” said that following a tough period of downturn, the sector is poised for strong long-term growth as...

(EnergyAsia, June 22 2010, Tuesday) — Researchers at a leading US university in atmospheric research said the oil leaking from the ruptured Gulf of Mexico deepwater well might soon spread along thousands of km of the Atlantic coast and into the open ocean as early as this summer. The University Corporation for Atmospheric Research in...

(EnergyAsia, June 22 2010, Tuesday) — Two months after its chartered deepwater rig exploded in the Gulf of Mexico leading to the worst environmental disaster in the US, BP said it has now spent US$2 billion to fight as well as clean up the massive oil leak from the a ruptured exploratory well. The bill...

(EnergyAsia, June 22 2010, Tuesday) — The Dubai Electricity and Water Authority (DEWA) has announced plans to reduce its carbon output as part of its strategy to minimise its environmental impact. Last November, DEWA and various investors collaborated with the UN Development Program (UNDP) to jointly establish the Dubai Carbon Centre of Excellence (DCCE) to...

(EnergyAsia, June 22 2010, Tuesday) — Indonesian police said they are continuing to maintain tight security on the country’s largest fuel depot owned and operated by state-owned oil and gas company Pertamina in Jakarta. The 70-hectare facility in heavily-populated Plumpang in the northern part of the city was put on raised terror watch earlier this...

(EnergyAsia, June 21 2010, Monday) — Singapore’s world-leading rig builders will likely be negatively impacted by the delay in global orders in the aftermath of the Gulf of Mexico oil leak disaster, said analysts at UOB Kay Hian Research. At least 60,000 b/d of crude oil and an unknown quantity of toxic methane gas have...

(EnergyAsia, June 21 2010, Monday) — French engineering firm Technip said it has been awarded three lump sum turnkey contracts worth a total of 25-million euro for an expansion project of a refinery in Mangalore on the west coast of India. Mangalore Refinery & Petrochemicals Ltd (MRPL) awarded the contracts for the expansion of its...

(EnergyAsia, June 21 2010, Monday) — State-owned Korea National Oil Corp said it has completed a 30-year project to build an underground storage facility in Ulsan with the capacity to hold 6.5 million barrels of crude oil. The project has boosted the storage capacity of Asia’s fourth-largest economy to 146 million barrels or the equivalent...

(EnergyAsia, June 21 2010, Monday) — State-run Turkish Petroleum Corp (TPAO) will replace China’s Sinochem International Corp in a consortium to develop the 2.5-billion barrel Missan oil field in southern Iraq, said Iraq’s Oil Ministry. Abdul Mahdy al-Ameedi, head of the ministry’s Petroleum Contracts and Licensing Directorate, said CNOOC Ltd, the Hong Kong-listed unit of...

(EnergyAsia, June 21 2010, Monday) — Canada’s oil rich province of Alberta has defended its decision to welcome and accept Chinese investment in its oilsands sector. Alberta Premier Ed Stelmach, who visited the Asian nation in mid-May, is seeking desperately to diversify its overwhelming economic dependence on the US, which used to account for up...