SINGAPORE: Temasek’s Pavilion Energy to pay US$1.288 billion for 20% interest In Tanzania gas fields

(EnergyAsia, November 15 2013, Friday) — Seven months after its formation, Singapore’s Pavilion Energy has made its first move to develop a liquefied natural gas (LNG) supply portfolio with an offer to acquire a 20% stake in three Tanzania gas blocks for US$1.288 billion. Singapore Energy Series: http://energycontents.com/index.php?route=product/product&path=59&product_id=270 The subsidiary of sovereign wealth fund Temasek...

This article is for Subscriber members only.
Register
Already a member? Log in here

ENVIRONMENT: Typhoon Haiyan heats up climate debate, says AccuWeather

(EnergyAsia, November 15 2013, Friday) — Just days after Haiyan, the most powerful typhoon on record, made landfall in the Philippines last week, the country’s delegate delivered a big message at the 2013 UN Climate Change Conference in Warsaw, Poland. According to the US-based AccuWeather Global Weather Center, Yeb Sano told the conference: “What my...

This article is for Subscriber members only.
Register
Already a member? Log in here

UPSTREAM: Study points to rising water risks posed by shale, onshore oil and coal projects

(EnergyAsia, November 15 2013, Friday) — The development of shale, onshore oil and coal projects is posing a growing threat to water supplies in different parts of the world, according to a joint study by the World Resources Institute (WRI) and UK consultant Wood Mackenzie. The study concluded that water supplies are subject to “medium-to-extremely...

This article is for Subscriber members only.
Register
Already a member? Log in here

CHINA: CNPC and PetroChina to buy Petrobras’s Peru unit for US$2.6 billion

(EnergyAsia, November 14 2013, Thursday) — Brazil’s state-owned Petrobras said it has agreed to sell its Peruvian oil and gas assets to PetroChina and its parent China National Petroleum Corp (CNPC) for a total of US$2.6 billion. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The sale of Petrobras Energia Peru S.A. covers Block X, a mature field in operation since 1912...

This article is for Subscriber members only.
Register
Already a member? Log in here

COMPANIES: SouthGobi Resources to restate results, Guildford Coal Ltd to build road in Mongolia, ASF Group invests in Australia

(EnergyAsia, November 14 2013, Thursday) — Two Mongolia-focused miners have issued updates with SouthGobi Resources planning to restate its financial results between 2011 and 2013 while Guildford Coal said it has been approved to build a 98km road link to one of its mines. ASF Group, an Australia-listed investment firm, said it has beefed its...

This article is for Subscriber members only.
Register
Already a member? Log in here

CHINA: Qinhuangdao coal port operator approved to list on Hong Kong Stock Exchange

(EnergyAsia, November 14 2013, Thursday) — China’s largest coal port operator is hoping to raise up to US$600 million after receiving approval to sell shares on the Hong Kong Stock Exchange. Qinhuangdao Port Co, which is controlled by the Hebei provincial government, is expected to offer more than 1.4 million shares to fund its expansion...

This article is for Subscriber members only.
Register
Already a member? Log in here

CHINA: CNPC and Shell establish joint shale oil research centre in Beijing

(EnergyAsia, November 13 2013, Wednesday) — China National Petroleum Corporation (CNPC) said it has jointly established a shale oil research centre with Royal Dutch Shell in Beijing, and will follow that up with the opening of a research office each in China and the US. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Housed in CNPC’s Research Institute of Petroleum Exploration and...

This article is for Subscriber members only.
Register
Already a member? Log in here

CHINA: CNOOC Limited’s Nexen to consider developing LNG project in western Canada

(EnergyAsia, November 13 2013, Wednesday) — CNOOC Limited said its wholly-owned Canadian subsidiary, Nexen Energy ULC, has signed an exclusive agreement with the British Columbia government to look into building a liquefied natural gas (LNG) plant and export terminal at Grassy Point, about 30 km north of Prince Rupert port. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The Chinese firm said...

This article is for Subscriber members only.
Register
Already a member? Log in here

ASIA: Japan, India pushing for global LNG price reform from positions of weakness

(EnergyAsia, November 13 2013, Wednesday) — As Asia continues to pay near record high liquefied natural gas (LNG) prices, its second and third largest consuming countries are stepping up their joint campaign to change the global pricing system for the fuel. But Japan and India are fighting the near five-decade-old pricing system from positions of...

This article is for Subscriber members only.
Register
Already a member? Log in here

CHINA: Wison Engineering expands technology role in gas economy through projects with partners

(EnergyAsia, November 12 2013, Tuesday) — In China’s drive to develop its natural gas industry, Wison Engineering Services Co Ltd is growing into the role of technology provider through joint-venture projects to convert coal into natural gas and chemicals. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The Shanghai-based firm and its partners have separately started up a coal gasification plant, secured...

This article is for Subscriber members only.
Register
Already a member? Log in here

MALAYSIA: Petronas unit to buy Talisman Energy’s Canadian assets for C$1.5 billion in cash

(EnergyAsia, November 12 2013, Tuesday) — Canada’s Talisman Energy Inc said it has agreed to sell part of its Montney acreage in British Columbia province to Progress Energy Canada Ltd for a total cash consideration of C$1.5 billion. (US$1=C$1.05). The transaction includes 75% (about 127,000 net acres) of Talisman’s Montney position in the Farrell Creek...

This article is for Subscriber members only.
Register
Already a member? Log in here

ASIA: Region’s natural gas demand will grow at more than double the rate of oil and coal through 2035, predicts ADB

(EnergyAsia, November 12 2013, Tuesday) — Asia’s demand for natural gas will grow by 3.9% per year through 2035, far ahead of oil’s 1.9% rate and coal’s 1.7%, predicts the Asian Development Bank (ADB). As the region shifts towards using cleaner burning fuel for power generation, the share of natural gas in its energy mix...

This article is for Subscriber members only.
Register
Already a member? Log in here

ENVIRONMENT: Carbon emissions at record high and still climbing, says World Meteorological Organization

(EnergyAsia, November 11 2013, Monday) — The world’s carbon dioxide (CO2) output is still rising after reaching a record high of 393.1 parts per million (ppm) last year, well past the danger zone of 350 ppm that environmentalists say permanently changes climate patterns with detrimental effects on farming and human health. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Between 1990 and...

This article is for Subscriber members only.
Register
Already a member? Log in here

CHINA: Datang International to begin supplying Beijing with natural gas produced from coal by year-end

(EnergyAsia, November 11 2013) — China will start up the first of four proposed giant plants to convert coal into natural gas by the end of 2013, less than a decade after the government began planning for “cleaner” ways to use the nation’s vast coal reserves. Datang International Power Generation Company Ltd, which began work...

This article is for Subscriber members only.
Register
Already a member? Log in here

AUSTRALIA: Conservative government fulfills promise, scraps carbon tax in favour of emissions trading

(EnergyAsia, November 11 2013, Monday) — Australia’s recently elected conservative government has kept its promise by scrapping a controversial carbon tax imposed on July 1 2012 by the former Labor Party-led regime. Tony Abbott led the Liberal-National coalition to victory in September, thanks in no small part to support from the powerful mining and oil...

This article is for Subscriber members only.
Register
Already a member? Log in here

SINGAPORE: MPA advances on project to develop LNG for use as bunker fuel

(EnergyAsia, November 8 2013, Friday) — Singapore has advanced on its quest to develop liquefied natural gas (LNG) into a shipping fuel with its maritime agency announcing the completion of a study to establish technical standards and procedures for the nascent industry. Singapore Energy Series: http://energycontents.com/index.php?route=product/product&path=59&product_id=270 The Maritime and Port Authority of Singapore (MPA) said...

This article is for Subscriber members only.
Register
Already a member? Log in here

DUBAI: Supreme Group wins UK defence contract to supply fuel to 96 international airports

(EnergyAsia, November 8 2013, Friday) — Supreme Group, a Dubai-based provider of logistics services in challenging environments around the world, said it has secured a UK defence contract to supply aviation fuel and refuelling services to mostly military aircraft in 96 international civilian airports. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 In a statement, Supreme Group will serve mostly Royal Air...

This article is for Subscriber members only.
Register
Already a member? Log in here

MONGOLIA: Government praised for making “foreign investment- friendly” reforms

(EnergyAsia, November 8 2013, Friday) — “Mongolia is open for business” again after a brief period of uncertainty, declares an Australian miner developing coal deposits in the landlocked Asian country. In a special note to shareholders, Aspire Mining Limited said Mongolia’s new investment legislation from November 1 has returned the country to being a “foreign...

This article is for Subscriber members only.
Register
Already a member? Log in here

SINGAPORE: Shareholders approve Australia’s Linc Energy to list on SGX

(EnergyAsia, November 7 2013, Thursday) — Australia’s Linc Energy said it has received “strong” approval from shareholders to leave the Australian Securities Exchange (ASX) in favour of a listing on the Singapore Exchange (SGX). Singapore Energy Series: http://energycontents.com/index.php?route=product/product&path=59&product_id=270 Energy Map of China 2013: http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Following yesterday’s vote at the company’s extraordinary general meeting in Brisbane,...

This article is for Subscriber members only.
Register
Already a member? Log in here

AUSTRALIA: BHP agrees to sell US coal mine to Navajo Nation

(EnergyAsia, November 7 2013, Thursday) — Australia’s mining giant BHP Billiton has agreed to sell a coal mine in the US state of New Mexico to a company owned and operated by the Navajo Nation tribe for US$85 million. Established earlier this year, Navajo Transitional Energy Co LLC (NTEC) expects to complete the acquisition of...

This article is for Subscriber members only.
Register
Already a member? Log in here

KUWAIT: KNPC to invest US$240 million to expand and upgrade Ahmadi fuel depot

(EnergyAsia, November 7 2013, Thursday) — Kuwait National Petroleum Company (KNPC) has issued a 68-million dinar tender to expand and upgrade the fuel depot at the port of Ahmadi. (US$1=0.28 Kuwaiti dinar). KNPC public relations director Mohammad Mansour Al-Ajmi said the investment will add 11 tanks equipped with automatic control systems by the end of...

This article is for Subscriber members only.
Register
Already a member? Log in here

CHINA: CMTCC Group completes coal-washing plant in Xinjiang region

(EnergyAsia, November 6 2013, Wednesday) — China Metallurgical Group Corporation (CMTCC) said it has started up a coal-washing facility in the far western region of Xinjiang. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The washery was built as part of the group’s 2.4-million tonnes/year coking coal project undertaken by subsidiary Xinjiang Fukang Yongxin Coalification Company. The project’s contractor, Northwest Company of...

This article is for Subscriber members only.
Register
Already a member? Log in here

INDONESIA: Wartsila to supply 184 MW gas-fired power plant to state PLN

(EnergyAsia, November 6 2013, Wednesday) — Finland’s Wartsila said it has secured an order from Indonesia’s state-owned PT Wijaya Karya (Persero) Tbk to supply a 184MW gas-fired power plant for construction in Aceh in Sumatra province. PT Wijaya Karya (Persero) Tbk, a government-owned company and one of Indonesia’s biggest construction contractors which placed the order,...

This article is for Subscriber members only.
Register
Already a member? Log in here

MONGOLIA: Australia’s Modun Resources signs agreement to supply coal briquettes

(EnergyAsia, November 6 2013, Wednesday) — Australia’s Modun Resources said it has signed a memorandum of understanding with the Mongolian government for the supply of coal briquettes from a project that it is developing in the Asian country. As part of the agreement, Modun will develop a coal mine and build a briquette plant at...

This article is for Subscriber members only.
Register
Already a member? Log in here

SINGAPORE: SGX to launch electricity futures trading in second half of 2014

(EnergyAsia, November 5 2013, Tuesday) — Singapore Exchange (SGX) plans to offer electricity futures trading in the second half of next year, enabling consumers and producers to hedge as well as lock in their energy costs. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 SGX said it is working with six of the country’s main power-generation companies, YTL PowerSeraya Pte Ltd, Senoko...

This article is for Subscriber members only.
Register
Already a member? Log in here