AZERBAIJAN: Singapore’s Keppel O&M secures contract to build US$800 million semisubmersible rig

(EnergyAsia, June 5 2013, Wednesday) — Singapore’s Keppel Offshore & Marine Ltd (Keppel O&M) said it has secured a contract from Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR), to build a US$800 million semisubmersible drilling rig that includes furnished equipment. Keppel O&M said it will deliver the (more…)

VIETNAM: Sembcorp’s 1,200MW plant to be included in national power development master plan

(EnergyAsia, June 4 2013, Tuesday) — The Vietnamese government has approved and included a 1,200MW coal-fired power plant by Sembcorp Industries in the country’s power development master plan for 2011 to 2020, the company said. The Singapore firm said subsidiary Sembcorp Utilities has also been appointed by the Vietnamese government to own and develop the (more…)

CHINA: Air Liquide wins major contract to supply gases for coal gasification project

(EnergyAsia, June 3 2013, Monday) — France’s Air Liquide said it has just signed a long-term contract with Fujian Shenyuan New Materials Co Ltd to supply industrial gases for a coal gasficiation project in Fujian province in southeastern China. Air Liquide said it will build an eight-unit industrial gases complex comprising an air separation unit (more…)

SINGAPORE: ExxonMobil producing ethylene and other chemicals from expanded petrochemicals plant

(EnergyAsia, May 31 2013, Friday) — ExxonMobil said it has boosted production of ethylene and other downstream chemicals on Singapore’s Jurong Island with the start-up of its long-delayed second world-scale steam cracker. Integrated with the existing petrochemical complex and powered by a 375-megawatt cogeneration plant, the new plant will enable the US major to increase (more…)

AUSTRALIA: Wood Mackenzie expects resource sector investments to reach record A$85 billion for 2013

(EnergyAsia, May 30 2013, Thursday) — Companies will maintain a high level of investment in Australia’s resource sector through 2015, building on this year’s projected record A$85 billion on natural gas, coal, iron ore and other resource projects, said UK-based consultant Wood Mackenzie. (US$1=A$1.03). Chris Graham, the company’s Head of Australasia Upstream Research, expects natural (more…)

COMPANY: Intertek opens regional energy exploration and production centre in Malaysia

(EnergyAsia, May 29 2013, Wednesday) — Intertek, a leading global quality solutions provider, said it has invested £900,000 to develop a new centre in Malaysia to provide enhanced services to the oil exploration and production (E&P) sector in Southeast Asia. (US$1=£0.66). Based in Kuala Lumpur, the facility includes two specialised laboratories to support Intertek’s plan to (more…)

MYANMAR: Natural gas output, reforms to boost GDP by 6.75%, says IMF

(EnergyAsia, May 28 2013, Tuesday) — A combination of reforms and rising natural gas production is attracting investors and blowing life into Myanmar’s previously stagnant economy, said the International Monetary Fund (IMF). For the current financial year to March 2014, the agency expects Southeast Asia’s latest emerging economy to grow by 6.75% to follow on (more…)

INDIA: RIL, BP and Niko make “significant” gas condensate discovery in offshore Deepwater KG D6 block

(EnergyAsia, May 27 2013, Monday) — Reliance Industries Limited (RIL) and its partners BP and Niko Resources Ltd said they have made a “significant” gas and condensate discovery in the KG D6 block off the eastern coast of India. The KGD6-MJ1 well was drilled in a water depth of 1,024 metres – and to a (more…)

OMAN: Takamul Investment Co, Singapore’s Sembcorp to jointly develop utilities facilities for Duqm Special Economic Zone

(EnergyAsia, May 27 2013, Monday) — Oman’s Takamul Investment Co and Singapore’s Sembcorp have announced they will jointly develop centralised utilities facilities for the Duqm Special Economic Zone (SEZ) in the Middle Eastern country. Takamul, an Oman Oil Company subsidiary, will be the majority owner with a 65% stake in building the country’s first centralised (more…)

SINGAPORE: Sincro Energy Systems starts up office and distribution centre for Asia

(EnergyAsia, May 27 2013, Monday) — Sincro Energy Systems has opened an office and a centre in Singapore for distributing a range of rotating electrical machines for Italy’s Soga SpA to Asia. At last week’s launch ceremony attended by Enrico Soga, Soga’s CEO, and 50 business partners, the company announced that Sincro Energy Systems would (more…)

CANADA: Petronas subsidiary awards engineering and design contracts for Prince Rupert LNG plant

(EnergyAsia, May 23 2013, Thursday) — Malaysian state energy firm Petronas has taken another step forward in developing its proposed C$5 billion liquefied natural gas (LNG) terminal in western Canada with the award of front-end engineering and design (FEED) contracts this week. Pacific NorthWest LNG Ltd, a Petronas subsidiary, announced it has awarded the contracts (more…)

CONFERENCE: POWER‐GEN Asia in Bangkok on October 2 to 4

(EnergyAsia, May 23 2013, Thursday) — POWER‐GEN Asia and Renewable Energy World Asia, the region’s premier conference and exhibition for the power generation industry, will return to Bangkok, Thailand from October 2 to 4 2013 at the IMPACT Exhibition & Convention Centre. POWER‐GEN Asia, together with Renewable Energy World Asia, are a leading platform for (more…)

MALAYSIA: Petronas to pay US$850 million for 40% stake in Brazilian oil blocks

(EnergyAsia, May 22 2013, Wednesday) — Continuing its international expansion, Malaysia’s state energy firm Petronas said it will pay US$850 million for a 40% share in two blocks of Brazil’s offshore Tubarao Martelo oil field. Petronas, which only recently acquired Canada’s Progress Energy for C$5.9 billion, will acquire the blocks from Brazilian producer OGX Petroleo (more…)

VIETNAM: Talisman Energy starts oil production from offshore fields

(EnergyAsia, May 21 2013, Tuesday) — Canada’s Talisman Energy Inc said it expects to boost oil production at its two new offshore fields in Vietnam to 15,000 b/d once the facilities are fully commissioned. The Hai Su Trang and Hai Su Den (HST/HSD) fields are located within Block 15-2/01, about 75 km off the coast (more…)

SHIPPING: Invoicing error sees shipbroker saddled with bill for bunker supply

(EnergyAsia, May 20 2013, Monday) — ITIC, the Thomas Miller subsidiary providing professional indemnity insurance, has revealed how an invoicing error led to a shipbroker being asked to pay the bill for a bunker supply amounting to more than three-quarters of a million dollars. In its latest Claims Review, ITIC cites the case of a (more…)

SINGAPORE: Siemens and Diamond Energy launch pilot project to help companies cut power bill

(EnergyAsia, May 20 2013, Monday) — Two companies have launched a pilot project to help large companies reduce their electricity expenses by slashing or shifting their power consumption during peak demand periods in exchange for payments. Germany’s Siemens and Diamond Energy, a local electricity wholesaler, expect to start their demand response (DR) service at the (more…)

COMPANY: Finland’s Wartsila to supply integrated solutions for new series of environmentally sustainable LNG carriers

(EnergyAsia, May 17 2013, Friday) — Wartsila, the Finland-based provider of marine solutions and services provider, said it has received an order to supply a comprehensive solutions package for a series of liquefied natural gas (LNG) carriers being built for Danish operator Evergas, a leading transporter of petrochemical gases and natural gas liquids. Wartsila said (more…)

MARKETS: Oil prices under pressure from slow growth and rising supply, says Ernst & Young

(EnergyAsia, May 17 2013, Friday) —Uncertainty over the global oil demand outlook combined with strong non-OPEC supply growth is putting downward pressure on oil prices with possible impact on investment decisions in the short-term, said Ernst & Young. In the absence of any supply or geopolitical shocks, oil prices will be swayed by economic data, (more…)

MARKETS: IEA predicts “supply shock” from rising North American oil production

(EnergyAsia, May 16 2013, Thursday) — Rising North American oil production over the next five years will inflict a “supply shock” that will prove as transformative of the global markets as Chinese demand over the last 15, said the International Energy Agency (IEA). In its latest annual Medium-Term Oil Market Report (MTOMR), the agency predicts (more…)

QATAR: Chiyoda-CTCI awarded contract for development of second Laffan condensate refinery

(EnergyAsia, May 15 2013, Wednesday) — Qatar has awarded a consortium comprising Japan’s Chiyoda Corp and Taiwan’s CTCI Corp the contract for the engineering, procurement, supply, construction and commissioning (EPSCC) of a second condensate refinery at its Ras Laffan Industrial City. When completed in 2016, the 146,000 b/d Laffan Refinery 2 (LR 2) project will (more…)

QATAR: Exxon, Qatar Petroleum to proceed with building US$10 billion LNG export plant in Texas

(EnergyAsia, May 15 2013, Wednesday) — A US company jointly owned by Exxon Mobil Corp and Qatar Petroleum International has announced it will proceed to build a US$10 billion in a liquefied natural gas (LNG) export plant in Sabine Pass in Texas state. Golden Pass Products LLC said its shareholders have signed a commercial agreement for (more…)

SINGAPORE: SGX and China Beijing International Mining Exchange to jointly develop iron ore market

(EnergyAsia, May 14 2013, Tuesday) — Singapore Exchange said it has signed a memorandum of understanding (MOU) with China Beijing International Mining Exchange (CBMX) to jointly develop iron ore trading to serve the Chinese and international markets. SGX President Magnus Bocker and CBMX President Dong Chaobin signed the agreement at Singapore Iron Ore Week 2013 (more…)

COMPANY: Chevron Oronite makes record high investment in four projects to expand global reach, drive growth

(EnergyAsia, May 14 2013, Tuesday) — US-based Chevron Oronite said its record-high investments in Singapore and France will “significantly strengthen” its supply chain and position the company for further growth. The company is simultaneously undertaking two projects at its Jurong Island site in Singapore and another two to expand the Gonfreville plant in France. In (more…)

AUSTRALIA: CNOOC to buy part of BG Group stake in LNG project for US$1.93 billion, reimburse expenses

(EnergyAsia, May 13 2013, Monday) — UK-based natural gas company BG Group PLC said it has signed new agreements with China National Offshore Oil Corporation (CNOOC) pertaining to the Queensland Curtis LNG (QCLNG) project in Australia. As part of the new deal, BG Group will sell “certain interests” in upstream coal seam gas tenements in (more…)

AUSTRALIA: Celsius Coal makes personnel and management changes to position for long-term growth

(EnergyAsia, May 10 2013, Friday) — Australia’s Celsius Coal has announced personnel and structural changes at its board and management to position for long-term growth at its operations in Kyrgyzstan. The company said managing director Grant Thomas has resigned but will remain as a consultant while Kyrgyz country manager Alistair Muir has been promoted to (more…)