(EnergyAsia, January 23, Friday) — Cairn India Limited said the Indian government has approved its declaration of commerciality (DoC) on an onshore block in the northwestern state of Rajasthan. In a statement to the Bombay Stock Exchange and the National Stock Exchange of India, the company revealed it had been notified of the progress on...
(EnergyAsia, January 23, Friday) — K-WAC Limited, a consortium involving engineering firms CB&I, Aker Solutions and WorleyParsons, has received a front-end engineering and design (FEED) services contract for Phase 2 of the full-field development of the giant Kashagan oil field off the coast of Kazakhstan. The new field contains an estimated 12 to 15 billion...
(EnergyAsia, January 23, Friday) — Underlining the Middle East as a growing energy consumer, Kuwait is in talks to import a record volume of liquefied natural gas (LNG) from neighbour Qatar. Kuwait Petroleum Corp is expected to soon sign a record five-year contract to import 1.4 million tonnes per year from RasGas, one of Qatar’s...
(EnergyAsia, January 23, Friday) — Sakhalin Energy Investment Company Ltd said it has started producing natural gas from its Lunskoye-A platform in the Lunskoye field 15 km off the north-eastern coast of Sakhalin Island in the Russian Far East. The gas, produced from the first two wells completed last month, is being routed from the...
(EnergyAsia, January 23, Friday) — Companies are holding back their investments in liquefied natural gas (LNG) projects because of the global financial crisis and the economic downturn, setting the stage for shortages after 2012. Furthermore, the demand outlook has turned uncertain, said analysts. Industry participants fear a supply crisis could fully set after 2012. Especially...
(EnergyAsia, January 23, Friday) — Afton Chemical Corporation said it has opened two new research and development facilities in the Asia Pacific region to improve response time to customers and develop more products for their specific needs. The company will open a new facility in Shanghai, China in early 2009, and a new and expanded...
(EnergyAsia, January 23, Friday) — Refining and marketing company Caltex Australia said it earned A$185 million last year, about A$50 million higher than its guidance released last December. (US$1=A$1.5). The company attributed the surprisingly strong result to improved refining margins and a stronger Australian dollar from a month ago. In the December guidance, the company...
(EnergyAsia, January 23, Friday) — Energy research firm Energy Security Analysis Inc (ESAI) is predicting that Chinese oil demand will fall substantially weighed down by the world’s weak economic conditions. The Wakefield, Massachusetts consultancy’s recently released China Watch suggests that Chinese GDP growth will slow due to a slowdown in manufacturing and exports, and the...
(EnergyAsia, January 23, Friday) — Indonesia’s PT Apexindo Pratama Duta Tbk said it has landed a US$2 million contract to lease a rig to VICO Indonesia for three months. Vico will deploy rig 8 to support its three-month drilling programme in Semberah in East Kalimantan. Apexindo has already leased out three other rigs to Vico. (more…)
liquefied natural gas (LNG) import terminal to later in the first quarter of 2009. The decision to delay the start-up of the three-million-tonnes-per-year terminal was prompted by unfavourable weather conditions. A pipeline from the terminal to a power plant could not be completed in time because of the many typhoons last year, officials said. The...
(EnergyAsia, January 22, Thursday) — China’s CNOOC Limited said it expects to raise its net oil production to 225 to 231 million barrels of oil equivalent (BOE) this year, up from last year’s estimated 195 million BOE. In announcing its business strategy and development plan for the year, the company is projecting 2009’s crude price (more…)
(EnergyAsia, January 22, Thursday) — Ecospec Global Technology Pte Ltd, a Singapore-based research and technology company specialising in advanced water and oil treatment technologies, said it has developed a new green technology that will remove greenhouse gas emissions and pollutants from ships. These emissions contribute to global warming and degradation of the ocean environment. Ecospec (more…)
manufacturer of photovoltaic (PV) modules, said it has supplied 5MW of solar panels for a 10MW solar electricity system to power Masdar City, the world’s first carbon neutral city being built in Abu Dhabi in the UAE. The panels will form part of the largest solar plant in the Middle East and is being built...
contract from its Indian licensee Bharat Heavy Electricals (BHEL) for the supply of components for two steam turbine-generators. The customer is the state-owned energy utility National Thermal Power Corporation Ltd. (NTPC). The coal-fired power plant Barh II is situated 75 km southwest of Patna in the state of Bihar. It comprises two units, each with...
new fields in the northern part of the country from next decade. Kuwait Oil, a Kuwait Petroleum subsidiary, said it expects to produce around 50,000 b/d of heavy crude from a new field by 2015. Production will rise to 400,000 b/d five years later. The country’s six natural gas fields could hold much more than...
forecast for world oil demand this year to 85.3 million b/d, down by one million b/d from its previous estimate. World oil demand will slump as world GDP is expected to grow by only 1.2%, down from an earlier forecast of 2.4%. The agency said world oil demand is now projected to slump by 0.6%...
Exporting Countries (OPEC) pumped an average 30.74 million barrels per day (b/d) of crude oil in December, according to a Platts survey of OPEC and oil industry officials just released. This is a decline of 640,000 b/d from the November level of 31.38 million b/d. The total includes Indonesia, which left the oil producer group...
production capacity to 77 million tonnes per year by 2011, up from currently 38 million tonnes per year. RasGas, one of the country’s two LNG players, is set to hike annual capacity to 37 million tonnes from 21 million tonnes. Qatargas, the other player, is investing in a new processing plant and a storage facility...
player ahead of Exxon Mobil, Russian gas giant Gazprom is reeling from the devastating impact of the global financial crisis and the sharp decline in oil and gas prices. The state-run company’s debts are pegged at almost US$50 billion and climbing. Almost unthinkable a few months ago, the company has begun talks to seek help...
(EnergyAsia, January 21, Wednesday) — The Philippine subsidiaries of majors Shell and Chevron have been forced to close their fuel depots in General Santos city after the local government turned down their appeals to let them continue to operate in the popular Bula district. Pilipinas Shell Petroleum Corp and Chevron Philippines Inc were unable to...
(EnergyAsia, January 21, Wednesday) — Coaltrans Conferences’ ‘22nd International Coal Supply Contracts and Transport Logistics’ will be held at the Hilton Hotel in Singapore from March 9 to 13. The course aims to provide delegates with a complete overview of the coal supply chain – from mining and movement of coal to its end uses. (more…)
(EnergyAsia, January 21, Wednesday) — China is planning to invest a total of 150-billion yuan through to 2015 to improve the railway infrastructure in coal-rich Shanxi province. The government expects to build 2,000 km of new rail tracks in northern Shanxi, with construction of three rail lines to start up as early as the first...
(EnergyAsia, January 21, Wednesday) — Ezra Holdings Limited, a Singapore-based support and marine services provider in the offshore oil and gas sector, has reported a 260% rise in net attributable profit (PATMI) to US$9.3 million for the quarter end November 2008 over the same period the previous year. The increase was made even after excluding...
(EnergyAsia, January 21, Wednesday) — Engineering firm Mott MacDonald said it has been appointed by the UAE’s Gulf Petrochem FZC to provide consultancy services for engineering, procurement and construction management (EPCM) services for an oil storage terminal project in Fujairah in the east coast of the UAE. When it starts up by end-2010, the US$100...
(EnergyAsia, January 21, Wednesday) — Hoku Materials Inc, a wholly owned subsidiary of Nasdaq-listed Hoku Scientific Inc which manufactures and sells polysilicon for the solar market, and Jiangxi Jinko Solar Company Ltd, a manufacturer of silicon ingots, wafers and related products in China, said they have agreed to amend the polysilicon supply agreement in effect...