Saturday, June 6, 2020

East Asia News

Gastech Postponed for 2021

Image by Zerbor/AdobeStock

Gastech, one of the world's largest gas, LNG and energy industries events has been postponed for 2021 due to the COVID-19 pandemic.The event was expected to take place in Singapore in September this year, however, the organizers have now decided to delay the event to September 13 to 16, 2021.Organizers dmg events said the decision had been based on concerns around the global pandemic, accessibility and for the wellbeing of speakers, delegates, exhibitors and visitors. Nick Ornstien, Vice President Energy for dmg events, said: "The postponement of Gastech 2020 gives the gas…

Denmark, Vietnam Talk Offshore Wind Expansion

Illustration only: Image by s_a_j - AdobeStock

Denmark and Vietnam are working on finding ways to further boost Vietnam's offshore wind development, which according to the Danish Energy Agency, has a potential of 160 GW offshore wind. As part of the effort, the Danish Energy Agency and the Vietnamese Electricity and Renewable Energy Authority are preparing an Input to Roadmap report for offshore wind development in Vietnam. The Danish Energy Agency and Vietnamese authorities on Tuesday organized a webinar to discuss the most important governmental steps to move the expansion of offshore wind forward.

Global LNG Demand to Double by 2040: Shell

Image: Shell

Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report.According to the forecast by Shell,  LNG demand was expected to double by 2040 to 700 million tons, with natural gas set to play “a growing role in shaping a lower-carbon energy system.”Asia is expected to remain the dominant region in the decades to come, with South and South-east Asia generating more than half of the increased demand.Natural gas emits between 45 and 55% fewer greenhouse…

Wood Group Sees Higher Annual Earnings

Wood is delivering brownfield modifications services to Equinor’s Martin Linge offshore installation on the Norwegian continental shelf. (Photo: Jan Arne Wold / Woldcam / Equinor)

Oilfield services provider John Wood Group Plc expects higher core earnings in 2019, with strong performance in its engineering services unit in the Middle East, Asia and the Caspian region offseting slowing U.S. onshore drilling demand.The Aberdeen-headquartered company said on Thursday adjusted earnings before interest, tax, depreciation and amortization (EBITDA) is expected to be in a range of $850 million to $860 million for the year ended Dec. 31, compared with $693.8 million a year earlier.(Reporting by Shanima A in Bengaluru; Editing by Subhranshu Sahu)

Europe Dominates LNG Import Story in 2019

© Maciej Bledowski / Adobe Stock

Global liquefied natural gas (LNG) production jumped in 2019, triggering oversupply and low prices that are expected to persist in 2020. Initial full-year data from LNG Edge shows exports at 355 million tonnes in 2019, up from 314.9 million tonnes in 2018.This represents the largest ever increase in production.While East Asian, especially Chinese, demand increased in 2017 and 2018 to absorb additional production, there was little change this year. Instead, supply pushed into Europe reached a record high, having a major impact on regional hub pricing with price correlations growing between Europe and Asia.Qatar wins outIn the battle for top exporter…

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…

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…

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…

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…

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.

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…

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…

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…