Main Update Highlights from entire month of June, 2013
Base Oil Exports of Thailand comprises 67% to Singapore of its total exports during May 2013.
Thailand exported 13747 MT of Base oil during the month of April 2013.
Energy Ministry to import more power from China.
Main Update Highlights from entire month of June, 2013
Singapore Base Oil exports increased by 42% in April 2013 as compared to previous month.
Singapore imported 119644 MT during Jan to April 2013 from different countries.
Singapore Imports of Base Oil from Japan comprises 26% of its total imports during April 2013.
Singapore Base Oil exports increased by 42% in April 2013 as compared to previous month.
Singapore Base Oil Exports comprises 28% to China of its total exports during Jan to April 2013.
Main Update Highlights from entire month of June, 2013
British classification society Lloyd’s Register (LR) has signed the classification contract for six
174,000 cu m liquefied natural gas (LNG) tankers to be built by Hudong Zhonghua Shipbuilding, breaking
the Chinese class LNG stranglehold previously held by ABS and China Classification Society.
Beijing Enterprises Holdings Limited (sehk:0392) plans to acquire 9.3 billion new shares of China
Leason CBM & Shale Gas Group Co., Ltd. (sehk:8270) for CNY 2.418 billion.
Kuwait becomes China”s No.1 LPG supplier ‐ Kuwait became China’s No.1 supplier of liquefied
petroleum gas (LPG) in May, accounting for almost half of the Asian nation’s total LPG imports, the latest
government data showed.
China Exported 1241 MT of Base Oil during April 2013.
Main Update Highlights from entire month of June, 2013
Gazprom and Germany to develop large‐scale cooperation ‐ Leipzig (Germany) hosted today the
celebrations dedicated to the 40th anniversary of the first Russian gas supplies to Germany under a
long‐term contract signed with Verbundnetz Gas. A brief working meeting between Alexander
Medvedev, Deputy Chairman of the Gazprom Management Committee and Philipp Rosler, Germany’s
Federal Minister of Economics and Technology took place as part of the celebrations.
Seajacks International & Samsung Heavy Industries to build world’s largest offshore wind
installation vessel.
DNV KEMA Energy announces European cooperation on Power‐to‐Gas for future energy system
Main Update Highlights from entire month of June, 2013
India’s refining capacity expands to satisfy surging demand.
Base Oil CFR India prices for SN 500 Iran origin dipped down by 1% in June 2013 as compared to
last month price.
CFR India prices of TOBS dipped down by 3% in June 2013 as compared to previous month price.
India Imports of Base Oil from Korea comprises 42% of its total import during May 2013.
India’s Essar wins string of contracts in Abu Dhabi ‐ New entrant to the Middle East projects
market, Essar, awarded pipeline, refining and chemicals work.
Main Update Highlights from entire month of June, 2013
A leading Britain firm Orion Energy and Pakistan Petroleum Limited joined hands to work
together to develop offshore oil and gas potential of Pakistan.
Pakistan, India in gas talks ‐ India is willing to export 400 million cfd of gas to Pakistan but only if
a lower tariff rate can be agreed, according to Pakistan’s petroleum and natural resources minister,
Shahid Khaqan Abbasi. A delegation from state‐run GAIL, India’s largest gas transmission and marketing
company, had met Abbasi to assess Pakistan’s willingness to import gas from India.
Pakistan‐Iran Gas Pipeline Project would be completed by the stipulated time of December
2014.
Main Update Highlights from entire month of June, 2013
Statoil and Stadtwerke Düsseldorf conclude innovative gas‐to‐power contract ‐ Statoil and
Stadtwerke Düsseldorf have signed a 15‐year arrangement for the supply of natural gas to Stadtwerke
Düsseldorf’s upcoming 600‐MW gas power plant (CCGT) in Lausward/Düsseldorf, Germany.
Base Oil Group III prices in Europe is drifting downwards due to huge inventories.
Base Oil SN 150 FOB Europe prices down by 1% June 2013.
Main Update Highlights from entire month of June, 2013
Petro‐Canada Lubricants Inc. is gearing up to launch the latest in the Duron line of products.
Export Development Canada’s (EDC) trade confidence index rose to 72.6 in the first half of 2013
from 70.7 in the second half of 2012 due largely to a more positive assessment of the U.S. and European
economies.
Candax Energy Inc. Announces Sale of Working Interest in Madagascar ‐ Candax Madagascar
Limited (“CML”), has reached an agreement to sell its 10% working interest in Block 1101 in Madagascar
to Oyster Oil & Gas Limited (“Oyster”).
Sources: Magazines, Newspapers and regional websites
Main Update Highlights from entire month of June, 2013
Wood Group chosen for Texas coast gas pipeline ‐ Wood Group Mustang has been selected by
US natural gas exploration and production company, Williams to provide survey, engineering, design
and programme management for its Purity Pipeline projects.
Light, sweet oil may outpace US Gulf Coast refining capacity soon.
TOBS/N 70 Base Oil FOB USA price down by 1% in June 2013 as compared to last month price.
BS 150 FOB USA prices down in June 2013.
US gas boom causes methane leaks ‐ The switch from coal to natural gas as a fuel for electricity
production in the US has been previously praised as a successful way of reducing the amount of carbon
dioxide emissions the country creates. It has now arisen that although carbon dioxide emissions have
been reduced, methane leaks occurring at production sites could make the benefits of the power source
switch negligible. A new report produced by the Centre for Climate and Energy Solutions (C2ES) has
suggested that climate benefits may be outweighed by the amount of methane that is leaking into the
atmosphere. The report, entitled Levering Natural Gas to Reduce Greenhouse Gas Emissions, is an
examination of the benefits of using natural gas and the climate challenges that its use creates. Eileen
Claussen, C2ES president, said: “The natural gas boom can help grow the economy while shrinking our
carbon footprint, and there’s much greater potential on both fronts, but we need a diverse energy
supply. Natural gas is not carbon‐free and we can’t let it crowd out nuclear and renewables. It’s also
critical that we do a better job of measuring and minimising methane releases.”
Bio‐based transformer oil is being used in large number of transformers mainly in the North
American region
Source: GulfNews, KhaleejTimes, Meed, and regional US newspapers.
Main Update Highlights from entire month of June, 2013
Sea Dragon makes double‐well success in Egypt ‐ Sea Dragon Energy Inc., an independent oil and
gas exploration and production company with assets in Egypt, announced last week that its Al Amir SE
17 development well was successfully tested at a rate of 3,664 bopd.
Successful Egypt oil well test ‐Partners in the NW Gemsa concession in Egypt have said that the
Al Amir SE (AASE) 17 development well was successfully tested at 3,664 bpd of oil.
Mashreq to build Suez Canal terminal and provide bunkering ‐ Mashreq Petroleum signs deal
that will allow it to build the first independent tank terminal in Egypt.
Total buys Shell’s downstream business in Egypt
Lubricants business to be retained as part of the deal. Total SA has purchased rival Royal Dutch Shell
PLC’s fuel retail network in Egypt in a deal that bolsters Total’s efforts to ramp up exploration and
production operations in Africa.
Sources: Newspapers, Magazines, and websites.