As oil flows east, race is wide open to price Asia’s imports

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(REUTERS) China will increasingly dominate global oil trade with a fuel import bill worth half a trillion dollars a year by the end of the decade – a lucrative prospect for futures exchanges battling to provide the benchmark to price Asia’s oil. [Read more...]

Deepwater well construction requires precision, thorough planning

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(OFFSHORE) Deepwater well construction is all about planning and logistics. Typically, if these two challenges are not handled flawlessly, they can cause more issues than drilling and completion. [Read more...]

Tough fiscal terms seen as major threat to IOCs’ exploration activities

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(BUSINESS DAY) Tough government fiscal terms have been identified as the major challenge facing oil exploration by international oil companies (IOCs). This is against the background of the downturn in exploration activity in the oil and gas industry, especially in the deepwater, coupled with decreasing resource size and uncertain gas terms, according to industry operators. [Read more...]

Thailand Solar Energy: Government Subsidy Spurs Investment Frenzy

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(INTERNATIONAL BUSINESS TIMES) Thai energy companies will invest up to $2 billion in the solar energy industry over the next five years, as the government incentivizes solar projects to provide power for Southeast Asia’s second-largest economy. [Read more...]

Indonesia plans to build new 300,000bpd refinery

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(ENERGY BUSINESS REVIEW) Indonesia is planning to build a new state-owned refinery to reduce its dependence on imported fuels. [Read more...]

Future Challenges for Electricity Security – see the presentations from IEA conference

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International Energy Agency

Electricity Security Action Plan Workshop:  “Future Challenges for Electricity Security [Read more...]

Kyocera builds Japan’s largest off-shore solar plant

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(PC & TECH AUTHORITY) Japanese tech company invests in massive solar power plant, with the aim of promoting green energy sources. [Read more...]

Russian oil output hits post-Soviet high

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(UPSTREAM) A production ramp-up at Gazprom Neft and Surgutneftegas brought Russia’s oil output to a new post-Soviet high of 10.59 million barrels per day in October. [Read more...]

China’s first coal-to-gas project ready

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(GLOBAL TIMES) The first phase of a coal gasification project in North China has been completed and will start to supply gas to Beijing at the end of this year, according to project officials. [Read more...]

Fuel-Cell Revolution: Can Toyota Save the Electric Car?

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(SPIEGEL ONLINE) Toyota has developed a new long-range electric vehicle powered entirely by a cutting-edge fuel cell. [Read more...]