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Iran-Pakistan-India gas pipeline project finalised
External Affairs Minister Pranab Mukherjee on Saturday said that New Delhi is working with Islamabad to resolve outstanding issues and insisted that the 7.4-billion dollar Iran-Pakistan-India (IPI) gas pipeline project can be finalised through cooperation of all the three countries.
Conocophillips Agreed To Pay $9.6 Billion For A Half Stake In Natural Gas Project
ConocoPhillips is an experienced developer and operator of LNG projects around the world and has strong ties to major LNG consumers in Asia.
ConocoPhillips, which boasts a market capitalisation of 125 billion US dollars, will make a 1.5-billion-dollar payment into the new joint venture at the end of 2010 and further payments as the project comes […]
Mine Exploration Federal Regulators Recomended Conditional Approval of the LNG Terminal AES Corp
Baltimore County Executive Jim Smith says the county will take its opposition of a proposed liquefied natural gas terminal to the Supreme Court.
Smith says the county plans to appeal the decision of a federal appellate court that ruled the county overstepped its authority when it imposed zoning regulations that would prevent the terminal from being […]
BHP Will Increasingly Seek Oil and Gas Acquisitions
BHP Billiton Ltd., Australia’s biggest oil and gas producer, said it will increasingly consider acquisitions in petroleum to add to growth opportunities.
Acquisitions may help petroleum expand to as much as 30 percent of the company in terms of value, after the planned purchase of Rio Tinto Group, up from about 20 percent now, J. Michael […]
Three Bankers To Buy Coal Mine Blocks In Indonesia
Country’s largest power producer NTPC has appointed three merchant bankers to acquire two coal blocks in Indonesia as part of efforts to meet shortfall in the domestic market.
“We have finalised three merchant bankers to acquire coal blocks in Indonesia,” R S Sharma, chairman and managing director of NTPC, told reporters here.
He, however, declined to give […]
British giant B Group $12.9 billion bid for Origin Energy
BRITISH giant BG Group has launched the biggest-ever foreign takeover in the Australian energy sector with a $12.9 billion bid for Origin Energy.
The unsolicited bid, which will require the approval of the Foreign Investment Review Board, comes as companies from resource-hungry countries such as China pursue takeovers across the Australian mining and energy sector.
Origin Energy […]
UK Gas Producer, BG Group Plc. Propose Bid Origin Energy Ltd. $12 bln
UK gas producer BG Group Plc has made a $12 billion bid approach to Origin Energy Ltd, seeking to bolster its position in the fast-growing Asia-Pacific gas market by securing the Australian utility’s gas reserves.
The companies said BG , valued at around $85 billion, had approached Origin with a proposal of A$14.70 per share in […]
Mitsubishi Forecasts 25% Net Gain as Oil, Coal Surge (Update3)
Mitsubishi Corp., Japan’s largest trading company, said profit may rise 25 percent this year as soaring oil and coal prices bolster revenue from its energy and commodities businesses.
Net income will probably climb to a record of 580 billion yen ($5.6 billion yen) in the year that started April 1, from 463 billion yen in the […]
Australia’s Plans Natural Gas Exploration, Booming $15billion a Year LNG Export Industry
THE rapid multi-billion-dollar expansion of Australia’s second-biggest commodity export, liquefied natural gas, could stall if new investors are forced to comply with an emissions trading scheme from 2010.
The warning comes as major emitters continue to lobby for a regulated and cautious start to emissions trading in Australia, saying the credibility of the scheme could be […]
