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Showing posts with label Philippines. Show all posts
Showing posts with label Philippines. Show all posts
[SAUDI ARABIA] Asian workers rush to get Saudi oil oasis ready
Published | 26-Jun-2008
Deep in the Saudi desert, 28,000 Asian workers are racing to get a giant oil processing complex ready to help King Abdullah keep a vow to meet world demand for crude.
In a year's time, the Al Khurais field will be supplying 1.2 million barrels a day of Arab light crude to thirsty global markets, under a tight schedule set by Saudi Aramco. The king, and other top Saudi officials, promised at an oil summit they hosted in Jeddah on Sunday to increase current production by 200,000 barrels a day to 9.7 million barrels and to supply any further increase in global demand.
In temperatures that seldom fall under 100 degrees Fahrenheit during the day, workers from Indonesia, Bangladesh, India, the Philippines and other nations wear hoods against the sun as they finish the hundreds of kilometres of pipelines, three 600,000 barrel storage tanks, 15,000 horsepower pumps and a bomb proof control centre that make up the $10 billion complex.
Al Khurais is city-sized but can only be reached up a seemingly endless desert road, with truck tyres and carcases of burned out cars strewn along the sides and black camels roaming in the dunes.
The company calls it "the largest industrial project in the world." Together the three fields have estimated reserves of 27bn barrels and their joint daily production of 1.2m barrels will be more than OPEC's three smallest members Indonesia, Qatar and Ecuador, according to Aramco.
World demand is growing by about 1pc a year and Saudi Arabia has vowed to invest tens of billions of dollars to take production capacity to 12.5m barrels by the end of next year and eventually 15m if the demand is there.
Aramco vice-president for production Amin Al Nasser said 500,000 barrels a day will start coming out of its Khursaniyah field in August, and by the end of the year 250,000 barrels will be coming from the Shaybah field and 100,000 barrels a day from the Nuayyim field.
The Saudi firm has embarked on a huge operation to find new fields to add to its estimated 260 billion barrels of crude oil reserves.
Aramco research chief Muhammad Saggaf said that over the next 20 years the company's overall resource base could grow to 900bn barrels from the current level of 735m.
In a year's time, the Al Khurais field will be supplying 1.2 million barrels a day of Arab light crude to thirsty global markets, under a tight schedule set by Saudi Aramco. The king, and other top Saudi officials, promised at an oil summit they hosted in Jeddah on Sunday to increase current production by 200,000 barrels a day to 9.7 million barrels and to supply any further increase in global demand.
In temperatures that seldom fall under 100 degrees Fahrenheit during the day, workers from Indonesia, Bangladesh, India, the Philippines and other nations wear hoods against the sun as they finish the hundreds of kilometres of pipelines, three 600,000 barrel storage tanks, 15,000 horsepower pumps and a bomb proof control centre that make up the $10 billion complex.
Al Khurais is city-sized but can only be reached up a seemingly endless desert road, with truck tyres and carcases of burned out cars strewn along the sides and black camels roaming in the dunes.
The company calls it "the largest industrial project in the world." Together the three fields have estimated reserves of 27bn barrels and their joint daily production of 1.2m barrels will be more than OPEC's three smallest members Indonesia, Qatar and Ecuador, according to Aramco.
World demand is growing by about 1pc a year and Saudi Arabia has vowed to invest tens of billions of dollars to take production capacity to 12.5m barrels by the end of next year and eventually 15m if the demand is there.
Aramco vice-president for production Amin Al Nasser said 500,000 barrels a day will start coming out of its Khursaniyah field in August, and by the end of the year 250,000 barrels will be coming from the Shaybah field and 100,000 barrels a day from the Nuayyim field.
The Saudi firm has embarked on a huge operation to find new fields to add to its estimated 260 billion barrels of crude oil reserves.
Aramco research chief Muhammad Saggaf said that over the next 20 years the company's overall resource base could grow to 900bn barrels from the current level of 735m.
Source: Gulf Daily News
[ASIA-OCEANIA] Otto Energy awarded service contract offshore Philippines
Published | 11-May-2008
Australian-based oil and gas company Otto Energy reports the award of Area 8 Service Contract 69 offshore Philippines to the company’s wholly owned subsidiary NorAsian Energy Limited (NorAsian) for a 7 year exploration period.NorAsian, in partnership with Filipino partner TransAsia Oil & Energy Development Corporation, were selected from a competitive bid process for this prospective offshore exploration area.
SC69 is situated between the Islands of Cebu, Bohol and Leyte, and covers the eastern Visayan Basin over an area of 7,040km2. The block lies between the two sub blocks of SC51, where Otto already has an 80% working interest.
Source: Scandinavian Oil & Gas
PHILIPPINES: Nido Poised to Illuminate the Oil and Gas Industry With New Board Members
Published | 16-Feb-2008 Nido Petroleum is pleased to announce its restructured Board that comprises one of the most experienced, skilled and successful group of executives in the Australian oil and gas industry today.
Stepping down from the role of Managing Director and into the position of Chairman, Dave Whitby can be proud of his achievements as the architect behind Nido's success. Since joining the Company in September 2004, he has established Nido as a company of substance. Nido has inarguably become one of the most significant oil and gas companies in the Philippines under his leadership.
It is not every day that a company has the opportunity to assemble the very best but this is exactly the position Nido now has found itself in. The Nido success story has fascinated industry professionals and the Company can now announce what can only be described as a world class, internationally focused and experienced oil and gas Board.
Replacing Mr. Whitby is Jocot De Dios, promoted from President and Country Head of Nido Petroleum in Manila, Philippines to President and Chief Executive Officer of Nido Petroleum. He will remain concurrent President and Country Head of Nido Petroleum in Manila. Jocot brings with him exemplary qualifications and a wealth of experience in the energy sector. As the former Undersecretary (Deputy Minister) of the Philippine Department of Energy and Chairman of the Board of the Philippine National Oil Company Exploration Corporation, his knowledge of the Philippines oil and gas industry is peerless. Jocot will be relocating to Perth with his partner Mariann and their four children.
Another new face on the Board is William Bloking, the former President, Australia/Asia Gas, for BHP Billiton Petroleum. Bill is a leading energy expert with more than 33 years of experience. He has held senior executive positions in Australia, Asia, South America, and the USA. Nido will benefit from his international knowhow to contribute to building the Company's long term future.
Vince Perez, a former Energy Minister of the Philippines and James Brown, a former First Vice President and Head of Merrill Lynch Energy Research Group round out the members of this Board who will be responsible for driving the strategic plan of Nido and writing future chapters of the company's history.
Stepping down from the role of Managing Director and into the position of Chairman, Dave Whitby can be proud of his achievements as the architect behind Nido's success. Since joining the Company in September 2004, he has established Nido as a company of substance. Nido has inarguably become one of the most significant oil and gas companies in the Philippines under his leadership.
It is not every day that a company has the opportunity to assemble the very best but this is exactly the position Nido now has found itself in. The Nido success story has fascinated industry professionals and the Company can now announce what can only be described as a world class, internationally focused and experienced oil and gas Board.
Replacing Mr. Whitby is Jocot De Dios, promoted from President and Country Head of Nido Petroleum in Manila, Philippines to President and Chief Executive Officer of Nido Petroleum. He will remain concurrent President and Country Head of Nido Petroleum in Manila. Jocot brings with him exemplary qualifications and a wealth of experience in the energy sector. As the former Undersecretary (Deputy Minister) of the Philippine Department of Energy and Chairman of the Board of the Philippine National Oil Company Exploration Corporation, his knowledge of the Philippines oil and gas industry is peerless. Jocot will be relocating to Perth with his partner Mariann and their four children.
Another new face on the Board is William Bloking, the former President, Australia/Asia Gas, for BHP Billiton Petroleum. Bill is a leading energy expert with more than 33 years of experience. He has held senior executive positions in Australia, Asia, South America, and the USA. Nido will benefit from his international knowhow to contribute to building the Company's long term future.
Vince Perez, a former Energy Minister of the Philippines and James Brown, a former First Vice President and Head of Merrill Lynch Energy Research Group round out the members of this Board who will be responsible for driving the strategic plan of Nido and writing future chapters of the company's history.
Source: Energy.eu
ASIA: Nuclear, solar and geothermal energy pushed at Philippine summit
Published | 09-Feb-2008
The Philippine government should seriously consider other sources of energy such as nuclear, solar and geothermal rather than rely on oil, an energy summit in Manila was told Wednesday.
"We must have a common and sustainable programme of energy development from a variety of available and indigenous sources... at a cost which will make us more competitive in the world market," congressman Juan Miguel Arroyo, chairman of the congressional committee on energy told the summit.
"We must also do our share in caring for the environment and in reducing our country's reliance on expensive, imported oil," said the congressman, who is the son of President Gloria Arroyo.
Jose Juliano, a physics doctorate with the National Academy of Science and Technology told the conference: "The big power source is nuclear, don't forget nuclear."
He cited the number of nuclear energy projects in Asia, intended to meet the growing energy demands within the region.
The Philippines built a nuclear power plant in the 1970s but it was never put into operation and was mothballed after the government said it was unsafe. An eight-man team from the International Atomic Energy Agency (IAEA) is currently examining whether or not the mothballed nuclear power station can be rehabilitated, Juliano said.
Kelvin Rodolfo, professor at the National Institute of Geological Sciences, said geothermal power was a better choice although he conceded there was also the problem of transmitting electricity from the site of geothermal plants.
"To generate electricity using geothermal (sources), you put in electric lines and ship it long distances, it uses a lot of power," with as much as 17 percent of the electricity lost in transmission. Catherine Maceda, spokeswoman of the Renewable Energy Coalition of non-government organisations, said the country could add an additional 4,680 megawatts in geothermal, hydroelectric, wind, solar and biomass energy by 2013. The group called for the passage of a bill that would provide incentives for the development of renewable energy.
"We must have a common and sustainable programme of energy development from a variety of available and indigenous sources... at a cost which will make us more competitive in the world market," congressman Juan Miguel Arroyo, chairman of the congressional committee on energy told the summit.
"We must also do our share in caring for the environment and in reducing our country's reliance on expensive, imported oil," said the congressman, who is the son of President Gloria Arroyo.
Jose Juliano, a physics doctorate with the National Academy of Science and Technology told the conference: "The big power source is nuclear, don't forget nuclear."
He cited the number of nuclear energy projects in Asia, intended to meet the growing energy demands within the region.
The Philippines built a nuclear power plant in the 1970s but it was never put into operation and was mothballed after the government said it was unsafe. An eight-man team from the International Atomic Energy Agency (IAEA) is currently examining whether or not the mothballed nuclear power station can be rehabilitated, Juliano said.
Kelvin Rodolfo, professor at the National Institute of Geological Sciences, said geothermal power was a better choice although he conceded there was also the problem of transmitting electricity from the site of geothermal plants.
"To generate electricity using geothermal (sources), you put in electric lines and ship it long distances, it uses a lot of power," with as much as 17 percent of the electricity lost in transmission. Catherine Maceda, spokeswoman of the Renewable Energy Coalition of non-government organisations, said the country could add an additional 4,680 megawatts in geothermal, hydroelectric, wind, solar and biomass energy by 2013. The group called for the passage of a bill that would provide incentives for the development of renewable energy.
Source: Agence France Presse
NUCLEAR: IAEA team assessing Philippines nuclear prospects
Published | 05-Feb-2008
An eight-man team from the International Atomic Energy Agency (IAEA) has arrived in the Philippines to examine whether or not the mothballed Bataan Nuclear power station International Atomic Energy Agency team has already started its inspection of the power station to "settle the question of whether to rehabilitate the plant, or to build a new one."The Philippine government paid off the Bataan power plant last year almost 32 years after work began on what became the country's biggest white elephant that never produced a single watt of electricity.
According to BusinessWorld the International Atomic Energy Agency team will tell the Philippine government if it is economically feasible to restart the plant or abandon it altogether.
"The Philippine government has also asked the team to recommend a policy framework that will support nuclear energy in the long-run," the paper quotes Energy Secretary Angelo Reyes saying.
Reyes is a strong supporter of nuclear power for the Philippines.
According to BusinessWorld the International Atomic Energy Agency team is led by Akira Omoto, director of the agency's nuclear division.
"Other team members are Zhang Jing, International Atomic Energy Agency section head for Asia and the Pacific; Ki Sig Tang, technical officer at the nuclear division; David Greaves Eric Weinstein both technical officers at the nuclear safety and security division," the paper said.
"Three independent experts were also flown in: John Rames, an expert on legal infrastructure from Australia; Jose E. Brayner Costa Mattos, a nuclear power expert from Brazil; and Ioan Rotaru, a nuclear power expert from Romania," the paper added. can be rehabilitated, it was reported Tuesday. According to the BusinessWorld newspaper the and
According to BusinessWorld the International Atomic Energy Agency team is led by Akira Omoto, director of the agency's nuclear division.
"Other team members are Zhang Jing, International Atomic Energy Agency section head for Asia and the Pacific; Ki Sig Tang, technical officer at the nuclear division; David Greaves Eric Weinstein both technical officers at the nuclear safety and security division," the paper said.
"Three independent experts were also flown in: John Rames, an expert on legal infrastructure from Australia; Jose E. Brayner Costa Mattos, a nuclear power expert from Brazil; and Ioan Rotaru, a nuclear power expert from Romania," the paper added. can be rehabilitated, it was reported Tuesday. According to the BusinessWorld newspaper the and
Source: Agence France Presse
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ASIA: Hidden Dragon, Crouching Tiger ?
Published | 30-Aug-2007For India, China has always been the formidable, bigger brother. Losing at war may have crushed Nehru; but that apart, the mighty Himalayas have traditionally acted as a natural barrier.
Besides, the sheer size and redoubtable strength of its economy has deterred many an Indian company from dropping anchor in China. There seems to be an innate Indian fear of being overpowered by aggressive Chinese entrepreneurship.
The recent example of Chinese state oil companies -- armed with superior diplomatic and financial muscle power -- piping India, sometimes unfairly, to lucrative crude acreages in Sudan, Angola and Kazakhstan is just one instance of the ingenuity displayed by the Red Dragon. In this context, GAIL chairman Prashanto Banerjee's attempt at forging an equity partnership with China City Natural Gas Holding Company (CCNGH) -- a subsidiary of the giant China National Petroleum Corporation (CNPC) -- is a commendable first step. Both sides have had preliminary discussions and a confidentiality agreement is to be signed shortly as a prelude to a possible financial partnership.
To be pragmatic, no Indian petroleum company is better equipped than GAIL to work in China. GAIL has some well-earned kudos to its credit:its success at converting what was arguably one of the world's most polluted fleet of city buses to CNG in Delhi, as well as its efficiently-run city gas networks have impressed even its staunchest critics.
The company is now pursuing similar projects in Egypt, the Philippines, Iran and Turkey. But doing business in China -- in the midst of shifting regulatory policies and frenetic competition -- requires grit and staying power. While it is difficult to predict whether GAIL can stay the course and make the mark, the gas major's foray will hopefully open up larger vistas of cooperation in the oil sector between the two wary neighbours.
Petroleum minister Mani Shankar Aiyar is expected to argue for cooperation in place of antagonism between Chinese and Indian companies for exploration acreages abroad when Chinese Prime Minister Wen Jiabao visits New Delhi next January.
If you can't fight the enemy, sleep with it. Trite as that may sound, what is likely to clinch the overture is whether or not the Chinese are willing bedfellows ?
Via: IndianPetroBesides, the sheer size and redoubtable strength of its economy has deterred many an Indian company from dropping anchor in China. There seems to be an innate Indian fear of being overpowered by aggressive Chinese entrepreneurship.
The recent example of Chinese state oil companies -- armed with superior diplomatic and financial muscle power -- piping India, sometimes unfairly, to lucrative crude acreages in Sudan, Angola and Kazakhstan is just one instance of the ingenuity displayed by the Red Dragon. In this context, GAIL chairman Prashanto Banerjee's attempt at forging an equity partnership with China City Natural Gas Holding Company (CCNGH) -- a subsidiary of the giant China National Petroleum Corporation (CNPC) -- is a commendable first step. Both sides have had preliminary discussions and a confidentiality agreement is to be signed shortly as a prelude to a possible financial partnership.
The company is now pursuing similar projects in Egypt, the Philippines, Iran and Turkey. But doing business in China -- in the midst of shifting regulatory policies and frenetic competition -- requires grit and staying power. While it is difficult to predict whether GAIL can stay the course and make the mark, the gas major's foray will hopefully open up larger vistas of cooperation in the oil sector between the two wary neighbours.
Petroleum minister Mani Shankar Aiyar is expected to argue for cooperation in place of antagonism between Chinese and Indian companies for exploration acreages abroad when Chinese Prime Minister Wen Jiabao visits New Delhi next January.
If you can't fight the enemy, sleep with it. Trite as that may sound, what is likely to clinch the overture is whether or not the Chinese are willing bedfellows ?
by Santanu Saikia
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