(EnergyAsia, October 24 2013, Thursday) — Desperate to reduce the country’s growing dependence on expensive fuel imports, Indian planners are considering a proposal for local miners to deposit their surplus coal with state Coal India Limited (CIL) for later use when their power plants start up. India’s rising imports of oil, coal and gas are...
(EnergyAsia, October 23 2013, Wednesday) — Brazil has awarded the rights to explore and develop its giant offshore Libra oilfield to a sole bid from a five-member international consortium led by its state-owned oil and gas company Petrobras. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Petrobras, the operator with a 40% stake, will jointly develop the field’s estimated eight to 12...
(EnergyAsia, October 22 2013, Wednesday) — Penwell Corp said its two energy events, featuring conferences and exhibitions, in Bangkok, Thailand earlier this month attracted a record attendance of more than 7,800 delegates and visitors from over 70 countries. POWER-GEN Asia and Renewable Energy World Asia, billed as the region’s premier conference and exhibition for the...
(EnergyAsia, October 23 2013, Wednesday) — Switzerland-based Foster Wheeler AG said subsidiaries of its Global Engineering and Construction Group have been awarded contracts to boost the production of crude oil and natural gas in Saudi Arabia. The company will provide front-end engineering design (FEED) services for Saudi Aramco to boost production of Arabian light crude...
(EnergyAsia, October 22 2013, Tuesday) — Heavily-indebted Russian oil and gas giant Rosneft has agreed to form a 51/49 joint venture with cash-rich China National Petroleum Corp to develop its reserves in eastern Siberia as part of a long-term plan to expand energy ties between the two countries. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The two companies will develop the...
(EnergyAsia, October 22 2013, Tuesday) — More than a year after federal investigators began looking into India’s largest corruption scandal the last decade, Prime Minister Manmohan Singh remains firmly in power despite attempts to tie him to the loss of billions of dollars from the mis-allocation of the country’s coal mining concessions. Last week, Mr...
(EnergyAsia, October 22 2013, Tuesday) — At their recent joint press conference in Kuala Lumpur, Malaysia’s Prime Minister Najib Razak surprised his visiting Canadian counterpart by announcing that state-owned Petronas would be making a “gargantuan” C$36 billion investment to develop an export-oriented liquefied natural gas (LNG) project in British Columbia province. (US$1=C$1.03). Probably surprised by...
(EnergyAsia, October 21 2013, Monday) — Shanghai-based Wison Engineering said it has secured a contract from Erdos Jinchengtai Chemical Co to provide engineering services for the second phase of a major plant in Erdos or Ordos city in Inner Mongolia to convert coal to methanol. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Wison Engineering, a major contractor for PetroChina, said it...
(EnergyAsia, October 21 2013, Monday) — Brushing aside any concerns for rising carbon emissions and air pollution, China and India will help boost the world’s coal use by 25%, making it the leading fuel by 2020, said Wood Mackenzie. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Speaking at last week’s World Energy Congress in South Korea, the UK energy consulting firm...
(EnergyAsia, October 21 2013, Monday) — Wison Group, the main contractor for state-owned PetroChina, said it has started fabrication work for the deep conversion upgrade of Venezuela’s 200,000 b/d Puerto la Cruz (RPLC) oil refinery in the northern state of Anzoátegui. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Subsidiary Wison Engineering Ltd secured the US$834 million procurement and construction contract from...
(EnergyAsia, October 18 2013, Friday) — Norwegian classification and inspection society DNV GL has released a set of recommended practices to increase the safe and efficient handling and use of liquefied natural gas (LNG) as a shipping fuel around the world. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 The practices are aimed at harmonising disparate practices in international bunker fuel operations,...
(EnergyAsia, October 18 2013, Friday) — The US will be the world’s leading producer of liquid hydrocarbons this year, but will remain substantially behind in crude oil production, declared New York City-based consulting firm PIRA Energy Group. At a recent seminar, PIRA predicted that US production of crude oil, condensates, natural gas liquids, biofuels and...
(EnergyAsia, October 17 2013, Thursday) — Malaysia’s state energy firm Petronas said it has slowed down the decline rate in the country’s oil reserves to between two and three percent per year by uncovering and tapping marginal fields. CEO Shamsul Azhar Abbas said the company will apply enhanced oil recovery (EOR) methods on 14 mature...
(EnergyAsia, October 17 2013, Thursday) — India will account for 23% of more than US$10 trillion in investment required to meet the energy needs of Asia’s developing countries from 2010 to 2035, said the Asian Development Bank (ADB). In its “Energy Outlook for Asia and the Pacific” report, the bank said India’s energy investment requirement...
(EnergyAsia, October 17 2013, Thursday) — Swiss engineering giant Foster Wheeler AG said a subsidiary of its Global Engineering and Construction Group has been awarded a contract to undertake a pre-feasibility study and market report for a proposed aromatics plant in Kuwait. Foster Wheeler said it expects the subsidiary to submit the study to Kuwait’s...
(EnergyAsia, October 16 2013, Wednesday) — Asian countries should set up cross-border power exchanges to help the region meet its fast-growing electricity demand which is set to sharply outpace the rest of the world’s over the next two decades, said the Asian Development Bank (ADB). The bank recommended this measure in releasing its annual “Energy...
(EnergyAsia, October 16 2013, Wednesday) — Four years after venturing into Kenya’s oil refining sector, India’s Essar Energy plc said is exiting the business with the sale of its 50% stake in Kenya Petroleum Refineries Ltd to the government of the East African nation for US$5 million. Essar Energy, which is listed in London, said...
(EnergyAsia, October 16 2013, Wednesday) — As Russia continues shifting its political and economic focus to Asia, its energy trade with China could quadruple to over 100 million tonnes of oil equivalent (Mtoe) by 2025, predicts consulting firm Wood Mackenzie. Agreements for oil, coal and power supply have already been struck and while negotiations on...
(EnergyAsia, October 14 2013, Monday) — Canada and Japan last Friday signed a “statement on oil and gas cooperation” to raise their bilateral energy relationship. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 According to Canada’s Department of Natural Resource (NRCan), the two governments have agreed to establish a policy dialogue and annual high-level meeting to encourage cooperation on trade and investment...
(EnergyAsia, October 14 2013, Monday) — Australia’s Orpheus Energy said it has secured additional loading capacity with port operator PT Suryacitra Mahkota Mandiri to barge coal from nearby mines in South Kalimantan in Indonesia starting this month. Orpeus Energy said it has added exclusive loading capacity to barge 40,000 tonnes of coal per month from...
(EnergyAsia, October 14 2013, Monday) — Mechel OAO, a leading Russian mining and metals company, said its application for US$2.5 billion to finance the first-phase development of a coal project has been approved by the supervisory board of the Vnesheconombank’s (VEB). The loan, payable over 13.5 years with a grace period till 2017, will be...
(EnergyAsia, October 14 2013, Monday) — Australia’s Orpheus Energy said it has secured additional loading capacity with port operator PT Suryacitra Mahkota Mandiri to barge coal from nearby mines in South Kalimantan in Indonesia starting this month. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Orpeus Energy said it has added exclusive loading capacity to barge 40,000 tonnes of coal per month...
(EnergyAsia, October 14 2013, Monday) — Canada and Japan last Friday signed a “statement on oil and gas cooperation” to raise their bilateral energy relationship. According to Canada’s Department of Natural Resource (NRCan), the two governments have agreed to establish a policy dialogue and annual high-level meeting to encourage cooperation on trade and investment opportunities...
(EnergyAsia, October 11 2013, Friday) — The organiser of the Gastech Conference & Exhibition is inviting students to apply for its programme which will take place during the event in Seoul, South Korea on March 24-27 2014. http://energycontents.com/index.php?route=product/product&path=60&product_id=301 Established in 2006, the Gastech Student Programme is designed to facilitate potential careers in the gas industry....
(EnergyAsia, October 11 2013, Friday) — The US must better plan its domestic energy production as oil, gas and nuclear projects are increasingly competing in areas that are struggling with shrinking water supplies, said a Massachusetts-based civil society. In a research report prepared by Synapse Energy Economics, the Civil Society Institute (CSI) singled out coal-fired...