Thursday, November 14, 2019

East Asia News

Airswift Eyes APAC Growth

Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, announced two senior hires to build upon recent successes in the Asia Pacific (APAC) region. Fueled by the region’s energy and infrastructure markets, the appointments follow 20% year-on-year growth for the company.Based in Brisbane, Ryan Carroll has been appointed as Regional Director, Australia & New Zealand, where he will be responsible for all in-country operations. Carroll has four years’ recruitment experience in Australia across industries such as civil engineering…

SE Asia to Expand Floating Solar Set to Grow

Image: Rystad Energy

Floating solar photovoltaic (PV)  panels are making a splash in Southeast Asia. Development of floating solar PV power plants is expected to increase 100-fold in the region over the next five to 15 years, according to energy research firm Rystad Energy. Projects plans are in the works in Thailand and Vietnam as large-scale floating PV installations, with smaller utility-scale floating PV developments being proposed in Indonesia, Singapore and Myanmar.Rystad Energy expects large-scale floating PV developments, typically installed on dams and reservoirs…

GATE Energy Moves into Singapore

Image: GATE Energy

GATE Energy, a player in oil and gas engineering, commissioning and specialty field services, announced the opening of its new Singapore office."This marks the first permanent location for the GATE Energy family of companies outside of the United States," said a press release.Since GATE Energy first opened its office in North America in 2000, it has continued to forge partnerships and attract customers from multiple sectors of the energy value chain.The new office expansion enables GATE Energy to solidify its international growth by setting roots in Singapore to support our projects and customers in South East Asia and around the world…

ALE Installs WTG in Australia

Image: ALE

The global heavylift and transportation provider ALE Heavylift said that its K1650L tower cranes have begun work to install wind turbine generators (WTG) near Port Augusta in southern Australia, where they will help to power 155,000 homes.It is the first time this type of crane has been used for wind turbine installation in Australia. ALE has brought two of the innovative cranes to the country, where one recently commenced work at Lincoln Gap Wind Farm.The K1650L tower crane was selected for the project due to its high wind speed tolerance and small footprint.

Mainstream Names Asia-Pacific Head

Photo: Mainstream Renewable Power

Irish wind and solar projects developer Mainstream Renewable Power has appointed Raghuram Natarajan chief executive of its Asia-Pacific business."This key appointment to the Group’s Leadership Team, based out of its newly opened regional headquarters in Singapore, comes ahead of significant expansion plans for the region," said a press release.Natarajan brings a decade and a half of senior leadership experience in the wind and solar industry across India, Thailand, the Philippines, Malaysia, Taiwan, South Korea, Japan and Australia.His most…

Sun Cable Eyes World’s Biggest Solar Project

Graph: Rystad Energy

World's largest solar project proposed in Australia, connected to South East Asia via subsea cable.Singapore-based Sun Cable has proposed a 10 GW solar farm near Tenant Creek in Australia, with facilities to export electricity via a subsea High Voltage Direct Current (HVDC) cable straight to Singapore.Rystad Energy said that the proposed renewable energy project will provide one fifth of Singapore’s electricity needs.In terms of size, the only solar project of a similar scale in Australia is the Asian Renewable Energy Hub which plans to supply a regional load to the Pilbara region…

DNV GL Supports Asia's Largest Solar Floater

Pic: DNV GL

DNV GL, the international accredited registrar and classification society, said that it has been appointed by PUB, Singapore’s national water agency,  as technical adviser for a 50MW floating photovoltaic (PV) project tender in Singapore.The first-of-its-kind 50 MW project, south-east Asia’s largest floating PV, could reduce Singapore’s carbon footprint by the equivalent removing 6,000 cars off local roads."Once completed, the floating solar project will be one of the largest single floating solar systems in the world and will feature a pioneering business model consisting of both conventional and renewable energy components…

Leadership Changes at Equinor

Ana Fonseca Nordang (left) will take over the position as SVP People & Leadership, and Siv Helen Rygh Torstensen will take over as General Counsel. (Photos: Equinor)

Equinor said it will make changes to the leadership of two corporate staff areas.Siv Helen Rygh Torstensen, head of the CEO office, will take over as General Counsel, succeeding Hans Henrik Klouman, who will take on a role as Senior Advisor to the EVP CFO from August 1.Ana Fonseca Nordang, VP PL Executive and leadership development, will take over the position as SVP People & Leadership, succeeding Magne Hovden, who will join MMP MT and take the position as VP and Singapore Country Manager from September 1.“With these changes we bring new members with strong leadership experience…

Sempra Gets Okay for LNG Export in Mexico

Pic: Sempra Energy

San Diego utility company Sempra Energy Sempra Energy said that its subsidiary Energía Costa Azul (ECA) LNG received two authorizations from the US Department of Energy (DOE) to export US produced natural gas to Mexico and to re-export LNG to countries that do not have a free-trade agreement (non-FTA) with the US.Permission to export to non-free trade agreement nations such as China, Japan and South Korea is desirable status to LNG exporters because due to higher natural gas prices in East Asia. Now Sempra can export from its Phase 1 and Phase 2 liquefaction-export facilities in development in Baja California…

Asia: Pertamina, Petronas Join Forces

Image: Petronas

Indonesian state-owned energy company PT Pertamina and Petroliam Nasional Berhad (Petronas) of Malaysia have signed a Memorandum of Understanding (MoU) to develop oil and gas business – upstream and downstream, not only in Indonesia or Malaysia but also in other countries.As per MoU, Pertamina will swap crude produced in its Malaysian fields of Kikeh, Kimanis and Kidurong with crude from Petronas' Indonesian fields of Jabung and Ketapang, said a Reuters report quoting Pertamina sources.Meanwhile, Pertamina,  Jakarta-based state-owned oil and natural gas corporation…

GasLog: LNG Demand Grew 9% in 2018

Image: GasLog

Liquefied natural gas (LNG) is expected to have increased by 9%, from 288 million tonnes per annum (mtpa) in 2017 to 313 mtpa in 2018, said GasLog.The Monaco-based owner, operator and manager of LNG carriers said in a stock exchange announcement that China’s LNG imports increased by approximately 16 mtpa, or 41%, to 54 mtpa in 2018, driven mainly by continued coal-to-gas switching in the industrial, commercial and residential sectors.South Korea, Pakistan, Thailand and Mexico also experienced strong growth in LNG imports during 2018. The outlook remains robust…

Oil Falls on U.S. Factory Data

© bobo1980 / Adobe Stock

Oil prices fell on Tuesday, a day after data showing a decline in U.S. factory orders dragged both benchmarks down from 2019 highs.Despite the slide, investors expect U.S. sanctions on Venezuela and production cuts led by OPEC to head off a glut this year, buoying prices.U.S. crude futures were down 50 cents, or 0.9 percent, at $54.06 a barrel by 1400 GMT. They touched their highest in more than two months at $55.75 the previous day.Brent crude futures were down 46 cents, or 0.7 percent, at $62.05 a barrel, off a high of $63.63.Trading proceeded at lower volumes in parts of East Asia because of the Lunar New Year holiday."Disappointing U.S.

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

Image: SEA\LNG

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker ports globally."The single operational LNG bunker vessel operating…

Gorgon LNG Plant in Australia Shuts Train 3

(Photo: Chevron)

Chevron Corp's Gorgon liquefied natural gas (LNG) project has temporarily halted train 3 to address a mechanical issue, a company spokesman told Reuters on Wednesday.The cause of the halt is being investigated, he said."There is no interruption to trains 1 and 2 and we continue to produce LNG and load cargoes," he said.The outage is expected to boost Asian LNG prices that are currently at an eight-month low and their weakest for this time of year in at least two years due to a mild winter in East Asia, industry sources said."It should lend some support to prices…

WoodMac on Medco Energi's Potential Takeover of Ophir Energy

Angus Rodger, Research Director, Asia Pacific. Photo: Wood Mackenzie

Wood Mackenzie Research Director, Angus Rodger, provides insight on a of UK-listed Ophir Energy by Indonesia's Medco Energi."On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released, other than Medco has to make a clear binding offer by the 28th of January if a deal is to proceed. Ophir's upstream portfolio includes assets in Thailand, Vietnam, Indonesia, Malaysia, Equatorial Guinea and Tanzania. It also has exploration acreage in Mexico and Bangladesh…

Indonesia Approves Eni’s Merakes Project

Image: Eni

Italian energy giant Eni announced that Indonesia has approved its investment plan for the Merakes project, located in the Kutei Basin, offshore East Kalimantan.Eni will now start work on developing the project, which will involve drilling and constructing subsea wells in water depths of 1,500 metres. These will be connected to the Jangkrik floating production unit 35 km northeast of the site.he gas production will be shipped to the Bontang LNG plant using also all the other existing facilities of Jangkrik field as well as the East Kalimantan transportation network.

ASEAN Adopts Oil Spill Contingency Plan

Pic: International Maritime Organization (IMO)

International Maritime Organization (IMO) technical assistance and institutional support has been instrumental in the recent adoption of the Association of Southeast Asian Nations (ASEAN) Regional Oil Spill Contingency Plan.IMO said that the plan was adopted by the 24th ASEAN Transport Ministers Meeting, held in Bangkok, Thailand (8 November). The Regional Oil Spill Contingency Plan provides for a mechanism whereby ASEAN Member States can request and provide mutual support in response to any oil spills.It also ensures a common understanding and effective integration between affected and assisting ASEAN Member States…

Norway's Equinor strikes LPG Deal with Malaysia

Image: Equinor

Norwegian oil and gas firm Equinor has entered into a long-term agreement with Malaysia's Global Petro Storage for a terminal and storage for liquified petroleum gas (LPG) volumes in Port Klang, in South-East Asia.According to statement from the petroleum and wind energy company, GPS will build a new facility to execute this agreement with startup of operations planned for mid-2021. Equinor will bring LPG to the terminal and sell into the domestic market in Malaysia as well as selling volumes to markets like Bangladesh, the Philippines, India…

EU Commits USD 341 million for Clean, Healthy and Safe Oceans

Pic: European Environment Agency, EU

The European Commission (EC) has announced EUR 300 million (USD 341 million) of EU-funded initiatives, which include projects to tackle plastic pollution, make blue economy more sustainable and improve research and marine surveillance.According to a communication from EC, this important contribution comes on top of the over €550 million committed by the European Union, when it hosted the Our Ocean conference last year in Malta.High Representative/ Vice-President Federica Mogherini said: "The state of our oceans calls for determined global action. With 23 new commitments, the European Union stays engaged to ensure safe, secure, clean and sustainably managed oceans.

Asia-Pac Offshore Wind Capacity to Rise 20-fold in a Decade: Wood Mackenzie

Image: Orsted, Taiwan

Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027, said new research from global natural resources consultancy Wood Mackenzie. Future offshore wind prices will be competitive with traditional thermal prices, it said.Leading the charge is China, which is expected to see offshore wind capacity grow from 2 GW last year to 31 GW in the next decade.Next is Taiwan which will account for 20% or 8.7 GW of offshore wind capacity by 2027, making it the largest offshore wind market in Asia-Pacific excluding China (APeC) by 2020."Taiwan presents the biggest offshore market in APeC due to a relatively stable regulatory regime…