Welcome Guest,
Please log in to view all of our premium news stories.
SINGAPORE: Penguin lands major contract with Dubai’s ‘The World’ project
Friday, 04 July 2008

 

By Rasheedah Mahfuz

(EnergyAsia, July 4, Friday) --- Penguin Marine Offshore Services Pte Ltd (PMOS), a wholly-owned subsidiary of Singapore’s Penguin International Limited, said it has been awarded a logistics management contract to support the development of ‘The World’ islands project in Dubai.

The contract, with the potential to generate revenues of US$200 million over five years for the company, was signed between PMOS’ Middle East joint venture, Penguin Marine Boats Services and Nakheel, the world’s largest privately-held property developer.

This is the first major ‘world contract’ to be awarded to a Singapore company and affirms Penguin’s 32-year experience in marine transportation. Penguin expects to support the project through joint ventures, strategic partnerships, vessel charters and selective acquisitions, and is currently evaluating various fund raising options as well.

The main work scope involves the operations and management of a 87,000-square metre construction logistics port at Port Rashid, Dubai, which has been purpose-built to handle the transportation of all personnel, materials and equipment in support of construction projects on a group of 300 man-made islands, known collectively as ‘The World’.

The contract, awarded through an international competitive tender, also calls for PMBS to provide a fleet of support vessels, including ferries, crew-boats, landing craft, tugs and barges and other specialised vessels. Over the last year, PMOS has mobilised nine Penguin vessels from Singapore to Dubai under its PMBS joint venture.

The latest contract award comes barely a year after PMBS secured its maiden job in the Middle East – a $4 million-a-year ship management and operations contract for a fleet of 10 new Dubai Creek Waterbuses owned by Dubai’s Roads and Transport Authority (RTA).

PMOS general manager and director Sairi Ismail said: “The RTA contract was just a toehold for our Middle East joint venture, but our latest win in ‘The World’ project is a major coup for our group and will enable us to secure a major foothold in the region.

“It is clear that our Middle East strategy has worked well for us, and we intend to mobilise all the personnel and resources needed to make the most of this exciting market.”

Penguin’s founder and executive chairman Heng Kheng Seng said: “We are excited about the prospects of our business in the Middle East, and are committed to supporting the long-term growth of this dynamic region.”

PMBS is a 49-51 joint venture set up last year and owned respectively by PMOS and local partner DEMAT Group, a Sharjah-based marine services and equipment provider in the Middle East, with interests in aluminium ship design, ship building and ship owning.

Early this year, another subsidiary, Pelican Offshore Services Pte Ltd secured a long-term time charter for a new anchor handling, towing and supply vessel in Saudi Arabia.

Penguin International Limited, formerly known as Penguin Boat International Limited, encompasses five business units offering integrated marine and offshore services including high-speed passenger and cargo transportation to ship repair and shipbuilding, industrial services, offshore support services and bunkering.

Penguin owns and operates a fleet of about 60 vessels, as well as shipyards in Singapore and Batam.

 

 
MALAYSIA: ‘Infrastructure Security in Oil and Gas 2008’ to be held in Kuala Lumpur August 12 to 13
Friday, 04 July 2008

(EnergyAsia, July 4, Friday) --- ‘Infrastructure Security in Oil and Gas 2008’ will be held in Kuala Lumpur, Malaysia from August 12 to 13.

The security and availability of oil is critical as it directly affects the world’s economic, political and social stability.

Topics addressed include regulations governing energy infrastructure security, vulnerability assessment methodology, effective corporate social responsibility strategy, assessing terrorist threats to regional oil and gas infrastructure, strategies to enhance protection of oil refineries, pipeline and installations, developing a world class protection system, assessing threats in Asia, effective collaboration between corporate security and defence sector, capability assessment techniques for tactical response group, threats of various security architecture system, enhancing energy infrastructure security with technology and developing a world-class security standard.

Speakers at the event include Suhendro W Sentanu (BP Migas),  H.S Pannu (Reliance India), Baruno Subroto (Chevron Indonesia), Whisnu Bharata (BP Indonesia),  Ojha Surendra Nath (Essar oil),  Imran Nazir Qureshi (Pakistan Petroleum), Sarawut Chenchom (PTT Chemical), Nazery Khalid (Maritime Institute of Malaysia), Chris Humphrey (Global Strategies Group), Michael Humphreys (Control-Risks) and Kegan Kawano (Industrial Defender).

Two pre-conference workshops will be held on August 11.

‘Building critical system for offshore security’ aims to discuss issues on offshore security defence, presence of foreign and suspicious vessels, intrusion on platform and installation, physical security barriers, encroachments within a 500m restricted zone of platform and fish bombing activities.

‘Developing a world class protection system for your oil and gas project’ aims to identify the actions necessary to raise security performance standards. The course will be led by Michael Humphreys of Control-Risks.

This event is organised by K2B International. For more information, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

 
CHINA: Software firm OSI for utilities industry opens Beijing office
Thursday, 03 July 2008

(EnergyAsia, July 3, Thursday) --- Open Systems International Inc (OSI), a US-based provider of open automation solutions to utilities worldwide, said it has established a wholly foreign owned enterprise (WFOE) in Beijing, China. The enterprise is a Chinese legal entity licensed to do business in the country.

The enterprise, OSI Automation Software Systems (Beijing) Co Ltd, will serve as a centre for strategic business operations in the region, helping the company to become a larger player in China’s electric and network automation markets.

Located in Beijing’s Chaoyang Business District, the new office will support business development activities, engineering, project implementation and support for OSI projects in the region.

OSI’s existing Chinese clients include Anhui Electric Power, Hunan Electric Power, Hong Kong Electric Company, Jiangxi Electric Power, Sichuan Electric Power, Qinghai Electric Power, Xining Electric Power, Xinjiang Electric Power and Zhejiang Electric Power Bureau.

China’s demand for energy management and monitoring systems is growing rapidly as part of its rapid industrialisation and economic growth.

“China is the second largest electric utility market in the world after North America and the tremendous growth potential in this sector, as well as other network control segments such as oil and gas, provide OSI with great opportunities for expansion. With our presence in China we will be able to bring OSI’s superior technology to utilities in the region while leveraging local project implementation, development and support infrastructures,” said Bahman Hoveida, President and CEO of OSI.

“Flourishing China needs world-class leading technologies and products to achieve rapid and persistent development. As a leading provider of advanced automation solutions, OSI will make more great contributions to China’s industrialisation and modernisation,” said Guo Jian, managing director of OSI Automation Software Systems (Beijing) Co Ltd.

OSI provides open, state-of-the-art, and high-performance automation solutions to utilities worldwide. These solutions include Supervisory Control and Data Acquisition (SCADA) Systems, Network Management Systems (NMS), Energy Management Systems (EMS), Distribution Management Systems (DMS) and Generation Management Systems (GMS), as well as individual software and hardware products and e-business solutions for utility operations. OSI is headquartered in Minneapolis in Minnesota state.

 

 
SINGAPORE: Oxford Princeton’s ‘The Chemicals Shipping Market - Chartering and Operations’ in October
Thursday, 03 July 2008

(EnergyAsia, July 3, Thursday) --- ‘The Chemicals Shipping Market - Chartering and Operations’, a workshop organised by the Oxford Princeton Programme, will be held in Singapore from October 13 to 15.

Shipping is a vital part of the supply chain in the chemical sector. It is a key element in the profitability, trade, marketing and safe transportation of chemical commodities.

Presented together with maritime economics and business consulting firm Richardson Lawrie Associates, the course combines lectures by experienced professionals with carefully structured exercises, case studies and workshops.

Topics covered include the chemical tankers market, chemical transportation economics, developments on IMO regulations, cargoes and ships, managing operational risks and chemical carrier vetting, techniques of successful negotiation advantages and disadvantages of various contract options, business coverage and competition strategies, commercial aspects of key charter party clauses, chemical tanker demurrage and  syndicate work.

The workshop will be conducted by the founding partner of Richardson Lawrie Associates, Jacquelin Richardson.

For more information on ‘The Chemicals Shipping Market - Chartering and Operations’, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

 
PAPUA NEW GUINEA: Wärtsilä to supply two power plants with combined output 90 MWe
Tuesday, 01 July 2008

(EnergyAsia, July 1, Tuesday) --- Finland-based Wärtsilä said it has been awarded contracts to supply two power plants of combined output of 90 MWe to Papua New Guinea.

The orders were made by China ENFI Engineering Corporation.

The power plants will be installed at the Ramu nickel mine and the nickel refinery in the port area in the Madang region.

The Ramu nickel mine is being developed by the Chinese state-owned mining and natural resources exploitation concern China Metallurgical Group (MCC) and its partners.

The power stations will supply electricity to the entire nickel mining and refining project facilities and will complement the existing 120 MWe of power supported by Wärtsilä in the region.

ENFI Ramu Nickel Project team spokesperson said:  "Wärtsilä is one of the world’s leading power plant equipment suppliers. Our commercial and technical evaluation team did exhaustive work to compare proposals made by Wärtsilä and other leading power plant equipment suppliers.

“Considering the project’s tight schedule, we selected Wärtsilä to supply these power plants since the equipment model and delivery time proposed by Wärtsilä met the project needs. Furthermore, we put considerable value on Wärtsilä's after service capability in the PNG area which, considering the location of the power plants is a great advantage.”

Wärtsilä will supply the equipment together with an engineering and technical assistance package. The refinery installation will include a heat recovery system with the waste heat being utilised in the complex refinery process.

Both installations are scheduled to be completed before the end of 2009.
  
Raymond Vinton, Australian Wärtsilä business development manager for power plants, said:
“Wärtsilä’s portfolio of medium speed engines enabled us to find a configuration that suits the customer's needs. Combined with the after sales support that we can offer from our new Papua New Guinea service centre, these have helped us to secure this valuable order.”

Wärtsilä said the power plants will be installed with some spare capacity due to the remote location of the installations.
  
Wärtsilä, listed on The Nordic Exchange in Helsinki, Finland, focuses on the marine and energy markets.

 
AUSTRALIA: SEAOOC 2008 in Darwin
Friday, 27 June 2008

(EnergyAsia, June 27, Friday) --- Australia has entered its biggest ever era of petroleum exploration as energy prices and demands for liquid natural gas escalate.

“We are in a unique position to reap enormous rewards from our resources,” says APPEA CEO Belinda Robinson, who will chair the first day of SEAAOC, northern Australia’s largest and longest established petroleum conference, in Darwin in July.

SEAAOC, to be held 16-18 July at the Holiday Inn Esplanade, will review exploration and production as well as a number of other issues including energy security and environmental sustainability.

The event will be held at a time of unprecedented interest from domestic and international companies in Australia’s prospecting activity, and the announcement by the Federal government of 35 new offshore petroleum exploration areas in Commonwealth waters.

“We now have more than A$100 billion worth of petroleum projects under development or in planning, and recognising the hurdles to achieving that potential, the new Rudd Government has signaled a strong willingness to partner with industry to get more gas projects off the ground,” Ms Robinson said. (US$1=A$1.05).

“The investment being considered is almost eight times the original investment in Australia’s biggest ever resource project, the North West Shelf gas project based at Karratha.”

She welcomed the announcement by Resources and Energy Minister Martin Ferguson that the UN had agreed to extend Australia’s territory by an area five times the size of France.

“Australia’s crude oil and condensate production has declined from nearly 100% of Australia’s needs in 2000 to just over 60 percent today and an anticipated 32% by 2017.

“With more area to explore for new oil and gas reserves comes more promise. The challenge will be to increase our knowledge of the petroleum prospectivity of these areas and encourage explorers into them.”

According to ExxonMobil, demand for liquefied natural gas in the US and Europe will surpass Asian consumption by as early as 2015, while global LNG demand is set to triple between now and 2030.

A key speaker at SEAAOC will be Luluk Sumiarso, Indonesia’s director general of oil and gas, who will give an overview of oil and gas developments in his country.

Indonesia’s state-owned Pertamina is aiming to increase its crude oil output 28% to 183,000 barrels a day this year from 143,000 barrels in 2007. It also plans to increase gas output to 1.485 billion cubic feet a day from 1.114 billion cubic feet a day in 2007.

Robin Antrobus, a vice president at ConocoPhillips Australia, will review achievements and future opportunities in northern Australia. Conoco Phillips operates the Bayu-Undan facility in the Timor sea, where a 502km subsea pipeline sends gas to the Darwin liquefied natural gas plant to be converted to LNG for export to Asia.

Another key speaker is Eros Agostinelli, managing director of Eni Australia. Eni operates oil fields and is an active explorer, with exploration areas over 12,000 sq km between the southern coast of Timor and the northern boundary of the Joint Petroleum Development Area (JPDA).

Chris Hart, managing director of MEO Australia, will review The Tassie Shoal LNG and methanol projects in the Timor Sea, as well as plans for exploration and production in the North West Shelf. MEO is undertaking extensive appraisal drilling to confirm gas reserves to underpin supply to the Tassie Shoal projects.

 
INDONESIA: Power conference in Jakarta from August 27 to 28
Friday, 27 June 2008

(EnergyAsia, June 27, Friday) --- ‘Indonesia Power Conference 2008’ will be held at the Hotel Mulia Senayan in Jakarta, Indonesia from August 27 to 28.

The conference will feature a keynote address from Indonesia’s director general for electricity and energy utilisation in the Ministry of Energy and Mineral Resources.

Indonesia has a large base of primary energy resources including oil, natural gas, coal, and considerable hydroelectric and geothermal potentials. Despite this, the country is struggling to meet its power demands.

‘Indonesia Power’ will provide updates on the country’s power sector, investment opportunities, financing power projects, renewable energy, alternative power sources and clean energy development.

The conference’s other speakers include Chris de Lavigne (Frost and Sullivan), Fahmi Mochtar (Perusahaan Listrik Negara), Muhamad Lutfi (Investment Coordinating Board), Ernst G. Tehuteru (Ali Budiarjo, Nugroho, Reksodiputro), James Booker (Paiton Energy), Joseph A. Anderson (Morrison & Foerster LLP),

Laurent Margoloff (Fortis Merchant Banking), Dung Ho (Standard Chartered Bank), Anthony J. Anderson (Prima Wahana Caraka), Duncan Ritchie (Aequero), Anton Wahjosoedibjo (The Indonesian Electrical Power Society), Jochen Overberg (Siemens Indonesia), Yoga P. Suprapto (Badak LNG), Handry Santriago (GE Energy), Raswari (Indonesian Professional Engineer Association (PIPI)), Martin Daniel (Platts), Rehan Kausar (Asian Development Bank) and Agus Sari (EcoSecurities).

‘Indonesia Power Conference 2008’ is organised by the Asia Business Forum. For more information, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

 
SINGAPORE: ‘Fuel Oil and Bunker Trading' from July 24 to 25
Friday, 27 June 2008

(EnergyAsia, June 27, Friday) --- ‘Fuel Oil and Bunker Trading’, an international oil supply and trading seminar, will be held in Singapore from July 24 to 25.

The course aims to provide a clear understanding of the oil markets including oil refining economics and product quality, price structure, supply, trading and transportation fundamentals.

Issues related to fuel oil and bunker supply and trading will be highlighted along with product quality.

Other topics addressed include the supply-demand outlook in the Asia Pacific region, operating costs, price risk management, implementation of Marpol Annex VI, the bunker market in Singapore, blending issues, freight costs, contract issues and negotiations.

The programme is highly interactive with numerous illustrations, worked examples and exercises based on real market situations.

The course will also provide conclusions and forecasts from a large multi-client study ‘Bunkers and heavy fuel oil new market issues and future trends’.

‘Fuel Oil and Bunker Trading’ is organised by Vostock Capital (UK) Limited. For more information, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

 
BOOK: ‘Petrochemicals in Nontechnical Language’, 3rd edition
Thursday, 26 June 2008

(EnergyAsia, June 26, Thursday) --- ‘Petrochemicals in Nontechnical Language’ is an authoritative book that has been re-written and expanded to include extra chapters on methyl tertiary butyl ether and higher alcohols.

Packed with diagrams and tables, the third edition of this book will provide a clear and comprehensive primer for anyone seeking to understand the petrochemicals industry.

Topics include organic chemistry, benzene, toluene and xylenes, cyclohexane, olefins plants, ethylene, and propylene, the hydrocarbon family, cumene and phenol, ethylbenzene and styrene, ethylene dichloride and vinyl chloride, ethylene oxide and ethylene glycol, propylene oxide and propylene glycol, methanol and synthesis gas, other alcohols, formaldehyde and acetaldehyde, ketones, acids, acrylonitrile, acrylic acid and acrylates, maleic anhydride, alpha olefins, nature of polymers, thermoplastics and resins and fibres.

The book features contributions from Donald L. Burdick and William L. Leffler.

For more information on ‘Petrochemicals in Non-technical Language’, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

www.energyasia.com/component/page,shop.product_details/flypage,shop.flypage_showcat/
product_id,517/category_id,9/manufacturer_id,0/option,com_virtuemart/Itemid,26/
.

Check out www.EnergyAsia.com for more books.

 
BOOK: Wiley publishes practical guide on oil refineries
Thursday, 26 June 2008

(EnergyAsia, June 26, Thursday) --- ‘Oil Refineries in the 21st Century: Energy Efficient, Cost Effective, Environmentally Benign’ is a practical guide for engineers, managers and consultants involved in the refining industry.

The book provides a detailed approach to the methodology, information and criteria necessary for analysing energy use, economics and the environmental impact of refineries as well as solutions for fulfilling the requirements of the Kyoto agreement.

Released by renowned publisher Wiley, the book addresses the role of management and refinery operators in achieving the best technological parameters, the most rational utilisation of energy, as well as the greatest possible economic success.

The book provides a detailed approach to improving energy efficiency and cost effectiveness in petroleum processing, and the role of management and refinery operators.

Topics covered include the technological and energy characteristics of the chemical process industry, economic aspects of efficiency and effectiveness, blending of products and management in increasing energy and processing efficiency and effectiveness.

For more information on this book, please click:
www.energyasia.com/component/page,shop.product_details/flypage,shop.flypage_showcat/
product_id,493/category_id,9/manufacturer_id,0/option,com_virtuemart/Itemid,26/
.

Alternatively, contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it .

 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>