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| CHINA: Oil spill larger and worse than reported |
| Tuesday, 10 August 2010 | |
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(EnergyAsia, Aug 10 2010, Tuesday) – The amount of crude oil spilled into the waters off northeastern China following an..... |
| IRAN: Local consortium confirmed taking over from Shell and Repsol in LNG venture |
| Friday, 06 August 2010 | |
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(EnergyAsia, August 6 2010, Friday) --- The Iranian government has confirmed it has awarded the development of..... |
| IRAQ: Foster Wheeler wins contract to build 300,000 b/d grassroots refinery at Nassiriya |
| Friday, 06 August 2010 | |
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(EnergyAsia, August 6 2010, Friday) --- Switzerland-based Foster Wheeler AG said its Global Engineering and Construction Group has..... |
| KUWAIT: Kuwait Petroleum may purchase BP assets, sovereign fund could raise stake |
| Friday, 06 August 2010 | |
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(EnergyAsia, August 6 2010, Friday) --- Kuwait could play an important role in helping BP stay in business as it is considering..... |
| MIDDLE EAST: How realistic is a change of US policy regarding Israel? |
| Friday, 06 August 2010 | |
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(EnergyAsia, August 6 2010, Friday) --- By Claude Salhani for Oilprice.com. |
| AFRICA: Vitol, Helios Investment interested to acquire Shell’s downstream businesses in 19 countries |
| Friday, 06 August 2010 | |
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(EnergyAsia, August 6 2010, Friday) --- The Vitol Group said it is in “exclusive negotiations” with Shell Oil Products..... |
| CHINA: World’s second largest economy has replaced US as biggest energy consumer |
| Friday, 06 August 2010 | |
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(EnergyAsia, August 6 2010, Friday) --- By Darrell Delamaide for OilPrice.com. The news is likely to make energy markets more sensitive than ever to economic developments in China as prices fluctuate according to expected demand in that economy. “The fact that China overtook the US as the world's largest energy consumer symbolizes the start of a new age in the history of energy,” Fatih Birol, chief economist of the Paris-based IEA, said in an interview with The Wall Street Journal. According to Birol, the US had been the biggest energy consumer for more than a century. The measurement of oil equivalent includes all sources of energy – all fossil fuels, renewable and alternative energies. The US remains the biggest consumer of energy on a per capita basis, Birol said, using five times as much energy as China by that measure. China relies heavily on coal to generate much of its energy, and is one of the world’s biggest importers of coal as well as one of its biggest producers. But China has been scouring the globe for energy deals in oil and gas – in Africa, Australia, Latin America and wherever it can secure long-term energy supplies. It is also pushing ahead with development of unconventional oil and gas resources at home as well as renewables like sun and wind. A decade ago, the US consumed twice as much energy as China, Birol noted in other press interviews. The shift in relationship is due in part to increased energy efficiency in the US. The IEA, which produces data and reports for countries in the Organisation of Economic Co-operation and Development (OECD), has urged China to join the energy group even though it does not belong to the OECD. In a separate development, China has been confirmed by various economists to have overtaken Japan as the world’s second largest economy. REFERENCE: http://oilprice.com/Energy/Energy-General/China-Has-Replaced-U.S.-As-Biggest-Energy-Consumer-IEA-Says.html |
| INDONESIA: Graig opens Batam Island anchorage site, bunkering services included |
| Friday, 06 August 2010 | |
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(EnergyAsia, August 6 2010, Friday) --- Graig Ship Management (GSM), a subsidiary of UK-based shipowning and shipping services conglomerate Graig Group, said it has opened a deep water anchorage site at Batam in Galang Bay off Indonesia’s Galang Island to provide safe and secure anchorage for all vessel types. Geoff Hutcheon, general manager of Graig Services (Singapore), said: “Traditional lay-up sites and anchorages remain congested. Graig has a very good relationship with the Indonesian authorities and has onsite Indonesian partners so we have been able to develop this mooring site into an excellent area for lay-up and general services. “We can offer lots of advantages to owners and GSM is able to support the whole process from planning through to lay-up and reactivation. GSM’s agreement with Indonesian partners BDP means costs are competitive. With us, one fixed monthly fee covers a safe mooring, port dues, dehumidification, 24/7 watchmen, routine tasks and maintenance, reporting and record keeping.” GSM will provide a full range of services, including risk assessment, safe mooring, a lay-up plan and preparation advice, provision of equipment including generator, a workboat, warehouse facilities, crew repatriation, garbage disposal, FW and bunkers and a full re-activation service. Owners can also use GSM’s serviced anchorage as a safe and secure area to wait for cargo, complete maintenance or cleaning or undergo surveys. Superintendents and crew can be accommodated in air-conditioned chalets on the beach overlooking the bay. From a purpose-built tower, the bay will be constantly monitored through electronic tracking and close radio communication. Mr Hutcheon said: “Graig has a strong group of expert senior managers who have been project managers in the building of modern ships and who really understand how a ship is put together and works. That sort of knowledge is rare, and it is vital to knowing how to safely lay-up a ship. It is no use laying-up a ship safely if when reactivated it gives problems. That’s where owners using Galang Bay and GSM will benefit. “GSM has a good site, a good local partner, security, low costs and we have the expertise to pull it all together for owners seeking lay-up or other services in a safe, serviced anchorage.” Founded in 1919, the Graig Group provides technical and commercial ship management, newbuilding supervision, lay-up services, ship design, ship owning and ship finance to global clients. The group has supervised over 120 newbuildings for itself and major shipowners, and provides technical consultancy services to a major European bank with a portfolio of 90 vessels. |
| SINGAPORE: Coretech Resources award subsea contract to UK’s Sub-Atlantic Asia Pacific |
| Thursday, 05 August 2010 | |
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(EnergyAsia, August 5 2010, Thursday) --- Singaporean marine contractor Coretech Resources Pte Ltd has contracted subsea specialist Sub-Atlantic Asia Pacific (AP) to enhance its growing... |
| INDONESIA: Greenpeace says palm and pulp group Sinar Mas is still destroying rainforest |
| Thursday, 05 August 2010 | |
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(EnergyAsia, August 5 2010, Thursday) --- Greenpeace said its lates investigation have found that Sinar Mas, Indonesia’s largest palm and pulp group, is still destroying the rainforest and failing to keep its promise to... |
