(EnergyAsia, November 26, Wednesday) — Two Singaporean state agencies, SPRING and the Maritime and Port Authority (MPA), have jointly launched the Singapore Standard SS600: 2008 – Code of Practice for Bunkering, to raise the consistency and quality in the delivery of bunker fuels for ships calling at Singapore’s port. The launch of this new national...
(EnergyAsia, November 26, Wednesday) — Abu Dhabi’s International Petroleum Investment Company (IPIC) and Papua New Guinea’s Independent Public Business Corporation said they have signed an agreement that will enable IPIC to acquire IPBC’s 17.6% interest in Australia’s Oil Search Limited. The acquisition is structured by way of a five year exchangeable bond for A$1.68 billion....
(EnergyAsia, November 26, Wednesday) — The UAE’s Olympic Shipping Company (OSC) has signed a long-term agreement to supply oil products to Phoenix Petroleum Philippines Inc (PPPI). Davao-based PPPI said OSC is also considering buying into the company with the view to expanding trade and investment in oil storage facilities in the Philippines. “Our agreement with...
(EnergyAsia, November 26, Wednesday) — Singapore-listed Chemoil said it has appointed Sanjay Anand, the previous managing director of Chemoil Logistics, as managing director of Chemoil’s Asia and Middle East operations with immediate effect. Mr Anand was formerly operations and technical director of an 80-vessel ship management company in Hong Kong for 11 years. Before that,...
(EnergyAsia, November 26, Wednesday) — US-based Sunrise Consulting Group Inc said it has signed a letter of intent to purchase up to 60% of China’s Sunrise Solartech Co Ltd. Founded in March 2006 in Jiansu Province, Sunrise Solartech is a privately owned enterprise that specialises in designing, developing, manufacturing and marketing solar energy products. Today,...
(EnergyAsia, November 26, Wednesday) — Shell Eastern LNG, a unit of Royal Dutch Shell, said it has signed a 20-year agreement to supply liquefied natural gas (LNG) to PetroChina International Company Limited. Shell said the LNG will be sourced from its global portfolio and the Gorgon project in Western Australia. The company expects to sell...
reported a 58% increase in third-quarter net income to US$14.8 billion, but the result was somewhat clouded by the 8% drop in its oil production. Like other Western companies, the major failed to halt the decline in its oil production, which hit a nine-year low of 3.6 million b/d for the three months ended September...
loan deal estimated to be worth up to US$25 billion. Russia desperately needs the money to help its economy cope with the fallout of the global financial crisis. The oil will be supplied by state oil firm Rosneft through pipelines owned and operated by the Transneft pipeline monopoly. The two state-controlled firms have a combined...
exploration wells and begun a new phase of development of the Bongkot North Field in Thailand. The company said it drilled three wells, Ton Sak 7, Ton Sak 8 and Ton Son 2, in the Bongkot offshore concession in the Gulf of Thailand, uncovering “commercial quantities” of gas and condensates. It has sanctioned the Ton...
(EnergyAsia, November 25, Tuesday) — ‘Handbook of Photovoltaic Science and Engineering’ incorporates an update of some of the most recent technological advances and research developments in photovoltaics (PV) by international experts. Each chapter provides detailed information of the physics and technology for experts and includes a review of past work and the fundamentals in solar (more…)
a compilation of information and analysis of a range of sustainability assessment methods and their uses. Sustainability is a key driving force for industries in the chemical, food, packaging, agricultural and pharmaceutical sectors, and quantitative sustainability indicators are being incorporated into company reports. This is driving the uptake of renewable resources and the adoption of (more…)
meeting in Lima, Peru last week have pledged to fight the economic and financial crises facing the world by using all monetary and fiscal stimuli at their disposal. Calling it “one of the most serious economic challenges we have ever faced”, the leaders said they will act quickly and decisively to address the impending global...
fund to mobilise financing for energy efficiency projects in the Indian state of Madhya Pradesh. The planned Energy Conservation Fund (ECF) will complement an ongoing ADB investment programme in Madhya Pradesh’s power sector which is focused on reducing the gap between power supply and demand, and improving efficiency in transmission and distribution. ADB said it...
its forecast for world oil consumption growth for 2008 and 2009 in response to slumping economic conditions. In its latest forecast, the IEA said it expects world demand to grow by 120,000 b/d in 2008 to 86.2 million b/d, and by 350,000 b/d in 2009 to 86.5 million b/d. Last month, the Paris-based agency had...
far more significant role in pushing the global economy into a recession than the sub-prime mortgage meltdown in the US, said Canada’s CIBC World Markets. The report, “Just how big is Cleveland?”, challenges how falling property values in US inner-cities like Cleveland could create a recession in Japan and the Euroland economies, before even causing...
construction of the second process train at its liquefied natural gas (LNG) plant on Sakhalin Island. The plant, the country’s first LNG complex, now has a total capacity of 9.6 million tonnes of LNG per year. Construction of the first train was completed in May. Sakhalin Energy said: “This is the culmination of some 10...
profit of US$15.3 million for the third quarter for a 45% increase from the same period last year. Due to higher jet fuel procurement volume and gains from hedging activities and freight optimisation, CAO said its third quarter gross profit increased 81% to US$6.3 million. CAO said it procured and supplied 1.29 million metric...
net profit fell by more than 47% to Rs668.5 million from the same period last year. Listed on the National Stock Exchange of India, Jaiprakash Hydro-Power said sales were also down 8% to Rs1.083 billion for the July-September quarter. For the six months ended September 30, the company posted a net profit of more than...
performance alternative fuel engines, and Cummins India Ltd (CIL) said they have signed a large order to supply 3,125 natural gas buses equipped with CWI’s B Gas Plus engines to the Delhi Transport Corporation (DTC). The 230 horsepower B Gas Plus engines, powered by compressed natural gas (CNG), are licensed by CWI and manufactured by...
offshore oil and gas services, said a subsidiary has signed a Memorandum of Understanding (MOU) with Petrovietnam Construction Joint Stock Corporation (PVC) to serve the offshore installation construction market in Vietnam. PVC, a subsidiary of state oil and gas firm PetroVietnam, will be teaming up with Swiber Offshore Construction Pte Ltd. PVC specialises in providing...
(EnergyAsia, November 2, Monday) — ‘Understanding Today’s Natural Gas Business’, the latest addition to Enerdynamics’ line of energy business education products, looks at how the North American natural gas industry operates. The 150-page book, loaded with charts and illustrations, provides an overview of the natural gas industry in US. It examines the major players in (more…)
(EnergyAsia, November 24, Monday) — ‘Petrochemicals in Nontechnical Language’ is an authoritative text that has been re-written and expanded to include extra chapters on methyl tertiary butyl ether and higher alcohols. Packed with diagrams and tables, the book will provide a clear understanding of this topic. Topics include organic chemistry, benzene, toluene and xylenes, cyclohexane, (more…)
documents outlining ambitious plans to deepen regional economic cooperation in transport, trade facilitation, trade policy and energy in the region. The plans were agreed at the 7th Ministerial Conference of the Central Asia Regional Economic Cooperation (CAREC) programme. Ministers and senior officials from Afghanistan, Azerbaijan, China, Kazakhstan, Kyrgyz Republic, Mongolia, Tajikistan and Uzbekistan attended the...
methane concentrations are rising again, said Australia’s science agency CSIRO. “This is not good news for future global warming,” said CSIRO’s Paul Fraser, who co-authored a paper to be published in Geophysical Research Letters, a journal of the American Geophysical Union. In recent years, the growth of important greenhouse gases, namely methane and the CFCs,...
UAE’s Global Process Systems (GPS) to provide two major process packages for the Usan floating production, storage and offloading (FPSO) project in Nigeria. GPS’s office in Kuala Lumpur, Malaysia, will execute the US$15 million contract to design and supply a glycol dehydration package, and flare and HC blanket gas recovery package for installation on the...