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Malaysia’s state oil company (Petronas) Will Exploration and Invest In Chinese


Malaysia’s state oil company Petroliam Nasional Bhd, or Petronas, is in talks with China National Petroleum Corp. over cooperation in exploring the Chinese company’s natural gas blocks in Myanmar, officials from the two companies said.
A delegation from Petronas, one of the biggest investors in Myanmar’s oil and gas industry, visited Beijing earlier this month for [...]

Indonesia to seek higher LNG price from Korea -govt


Indonesia wants to renegotiate the price of a liquefied natural gas (LNG) deal to South Korea, government officials said on Monday, less than a year after it forced a major Chinese customer to pay more.
Soaring construction costs, sustained higher oil prices and a shortage of LNG before 2012 has emboldened producers such as Indonesia, until [...]

Vietnam trade gap widens for year


The Vietnamese trade deficit widened last year, driven by rising imports of machinery, as the country prepared to join the World Trade Organization.
The gap increased by 6 percent from 2005 to $4.81 billion, according to preliminary figures released by the General Statistics Office in Hanoi. Exports rose 22 percent to $39.6 billion, while imports climbed [...]

US committee to review Iran and China gas deal


A US congressional committee will review a Chinese-Iranian deal to determine if US sanctions are called for against the Chinese company involved in the $16 billion gas deal, a US legislator said yesterday.
Congressman Tom Lantos, a California Democrat and chairman-elect of the House International Relations Committee, said that “when the Congress convenes next week, the [...]

Cairn aims to raise $1.4bn in launch of India’s biggest IPO


India’s biggest initial public offering starts today when Cairn Energy, the British oil and gas exploration company, launches its Indian subsidiary.
Nearly 329 million shares in Cairn India, or 18 per cent of the equity, go on sale to Indian investors in a high-profile launch expected to be heavily oversubscribed. The offer, which closes on Friday, [...]

Investors on e-mission to China


China stands to benefit from the booming global greenhouse-gas market. Foreign investors are flocking to pay Chinese energy companies and factories to reduce pollution instead of spending far more to cut emissions at home.
Initially skeptical of the carbon-trading market, worrying that it would allow richer nations to pay their way out of obligations to reduce [...]

Australasian Investment Review: Gas/Coal to Oil


You are going to hear a lot about gas/coal to liquids technology in Australia in coming years and it could very well end up supplanting the likes of ethanol and biodiesel as a source of energy in competition with oil.
South Africa has used it for years (Sasol), the Germans used similar technology during World War [...]

Australian Mining Stocks Decline, Led by BHP; Hardman Surges


Australian mining shares dropped after BHP Billiton said it increased its wage offer to union workers at its $1 billion Spence copper project in Chile to avert a strike.
The S&P/ASX 200 Index lost 10.4, or 0.2 percent, to 4972.80 as of 2:12 p.m. in Sydney. It earlier rose as much as 0.3 percent. Ninety-two stocks [...]

Oil majors revisit region


Oil majors are stepping up exploration in aging or neglected areas of Asia, potentially helping lift output a decade after shunning the region to hunt for giant oilfields in patches with more potential.
Oil majors are stepping up exploration in aging or neglected areas of Asia, potentially helping lift output a decade after shunning the region [...]