(EnergyAsia, October 3, Friday) — The latest figures on the global carbon budget released in Washington and Paris last week showed that human-generated carbon dioxide emissions have increased by a four-fold rate since 2000. “This is a concerning trend in light of global efforts to curb emissions,” said Global Carbon Project (GCP) executive-director, Pep Canadell,...

two-million-barrel floating oil storage facility to support the development of the Cepu oil and gas block. The agency has been criticised for rejecting an onshore storage facility which it says will be more costly and offers less flexibility. A former Pertamina director has issued a report claiming that a subsidiary of ExxonMobil, Cepu’s operator, had...

  217,982,000 shares in Singapore’s E3 Holdings, making it the largest single shareholder in the company.   E3 Holdings said the proceeds of S$5,885,514 will be used to fund the company’s working capital purposes and as reserves which would enable E3 to pursue new business opportunities in property and related services which include energy efficient...

  them as “clean energy exporters.” They said the government should not penalise the industry for emissions it generates while producing LNG. Exported LNG would help importing counties such as China switch to nautral gas from coal, thus drastically cutting their greenhouse gas emissions, industry group Australian Petroleum Production and Exploration Association (APPEA) argues. Gas...

  Gas production is expected to reach 9,946 million metric standard cubic feet per day (MMSCFD) in 2008, and exceed 10,000 MMSCFD next year. This compares with 8,901 MMSCFD last year and 8,280 MMSCFD in 2006. However, Indonesia’s domestic gas use has been rising at the expense of exports. Last year, the share of domestic...

    Under the legislation, states could allow drilling between 80 and 160 km offshore while drilling beyond 160 km would be complete open to exploration and production. Environmentalists said the legislation will not offer enough to protect the environment. Democrats in Congress, including presidential candidate Senator Barack Obama, had until recently been critical of...

jackup drilling rig 49 days ahead of schedule to Discovery Drilling, a joint-venture of Jindal Drilling & Industries (JDIL). (US$1=S$1.42). The rig DISCOVERY I has also achieved a safety record of more than 2.2 million manhours work without incidents. Choo Chiau Beng, chairman and CEO of Keppel Offshore & Marine, the parent company of Keppel...

development proposals to develop roof-mounted solar energy harvesting devices and systems for the tropical region under its S$50 milion Clean Energy Research Programme (CERP). (US$1=S$1.42). CEPO said that there is a lack of solar systems designed and optimised for hot and humid conditions in tropical climates. Most solar systems today operate under temperate climates in...

power plant as part of a S$2 billion multi-utilities complex comprising a desalination plant and a waste water treatment facility on Jurong Island by 2011. Low-ash and low-sulphur coal will form 80% of the plant’s feedstock with biomass the rest. (US$1=S$1.4). Using the best clean coal technology, Tuas Power said it will be able to...

country’s emergency stockpile in the wake of fuel supply shortages caused by hurricanes Gustav and Ike, said the US Energy Department. The department sent 200,000 barrels of crude oil to ConocoPhillips’ Wood River refinery in Illinois through the Capline pipeline, while Placid Oil’s Port Allen refinery in Louisiana received 109,000 barrels through a Shell pipeline....

      East and India, and has established a new office in Singapore to increase its presence in the Far East. Tropicana Liquid Storage Private Limited, the company’s Indian subsidiary, has been expanding its presence in India. At the port of Karwar in Karnataka state on India’s west coast, it owns and operates a...

eight-million-tonnes per year Mathura oil refinery in Uttar Pradesh state once it clears all environmental approvals. IOC aims to raise Mathura’s capacity to 11 million tonnes per year as well as boost its ability to process more high-sulphur crude. Mathura currently processes a mix of low and high sulphur crude oil. India’s largest refining company...

strong resistance from residents to its plans to relocate an oil depot in Orissa state. IOC wants to shift the depot in Berhampur in southern Orissa to Jatni. The plan is being opposed by workers and families in Berhampur who rely on the depot for their livelihood. Local businesses in the nearby Ganjam district are...

much needed giant oil refinery worth around US$15 billion. The government has referred the project to the country’s audit bureau to investigate alleged irregularities in contract awards to a consortium of Japanese and South Korean firms and US engineering firm Fluor. Opposition politicians want contract bidding for the project to be handled by an independent...

to submit plans for a listing on the Manila stock exchange, subject to some details being sorted out. Under Philippine law, oil refiners have to list at least 10% of their stock on the Philippine Stock Exchange as spelt out under the Downstream Oil Industry Deregulation Act of 1998. However, officials said it is unlikely...

bunker storage terminal in Colombo. The terminal requires repairs and replacements of parts and equipment. The port authority is taking over the terminal from Lanka Marine Services following a ruling by Sri Lanka’s Supreme Court to promote competition in bunker supplies and terminal operations in Colombo. Following the takeover by Sri Lanka Ports Authority, the...

to 10% a year through to 2010. Vietnam expects to start up a new 140,000 b/d refinery, the country’s first, early next year to meet about 40% of domestic consumption. State PetroVietnam is also planning to build another two refineries. Southeast Asia’s third largest producer of crude oil has no refinery and imports all its...

stake in Finnish wind turbine manufacturer WinWinD Oy as part of its strategy to expand into renewable energy. Helsinki-based WinWinD is a manufacturer active in the design, development and assembly of technologically advanced one and three megawatt wind turbines. The company has corporate offices in Oulu, Finland and Chennai, India and is now planning to...

13,400 solar PV modules to power the Atlantic City Convention Center in the US. The supply is a part of an agreement with general contractor American Capital Energy which is managing project integration and installation for Pepco Energy Services and the Atlantic City Convention & Visitors Authority. The agreement provides for up to four additional...

Samuel has ruled that BG’s offer price to acquire Origin Energy sharply undervalued the Australian upstream company. The experts valued Origin at between A$28.55 and A$30.71 a share, way above BG’s offer of A$15.37. (US$1 = A$1.20).   Grant Samuel, in justifying its assessment, pointed to forecasts of much higher natural gas prices on Australia’s...

European oil trader Vitol, said it plans to invest up to RM1 billion in an oil storage terminal in the southern Malaysian state of Johor. (US$1=RM3.4). ATT has agreed to lease from Malaysia’s Seaport World Wide Sdn Bhd (SWW), a full-owned subsidiary of MMC Corporation Bhd, 120 acres of land at the rate of RM20...

demand to rise by 0.8% or 700,000 b/d this year to 86.8 million b/d, and by 1% or 900,000 b/d to 87.6 million b/d next year. In its previous forecast last month, the IEA had expected world oil demand to reach 86.9 million b/d this year and 88.1 million b/d. The Paris-based agency said it...

to average 86.8 million b/d, and by the same amount next year to reach 87.7 million b/d, said OPEC. The oil cartel said that non-OECD oil use will grow by 1.2 million b/d, providing all the world oil demand growth next year. It predicts the transport sector will see the largest oil demand growth in...