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Inpex to Spend 200 Billion Yen a Year on Oil Fields (Update1)


Inpex Holdings Inc., Japan’s largest oil explorer, said it will spend more than 200 billion yen ($1.7 billion) annually to search and develop oil and gas fields over the next three to four years.
The annual investment will include developing Indonesian gas fields, Chairman Kunihiko Matsuo, 71, said in an interview at the company’s Tokyo headquarters. [...]

Mining To Slow Slowly Over Next Two Years


Here’s some good news for the big end of the market where resources are still booming. Leading economic forecaster and industry analyst BIS Shrapnel sees the current boom lasting through until the end of 2008.
It said yesterday that with work in the pipeline and more projects still to start, “investment is forecast to rise another [...]