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China Oil Company, PetroChina Co. Reported First Time Drop Profit Since 2001
PetroChina Co., the world’s second- largest company by market value, posted its first drop in full- year profit since 2001 after refining losses widened fourfold and crude oil prices slumped.
Two Biggest Mining Company, BHP and Rio Tinto : BHP Billiton backs off bid for Rio Tinto
One of the biggest planned mergers in corporate history, between mining groups BHP Billiton and Rio Tinto, was scrapped yesterday after a year of preparation, in a move that spread further gloom about the state of the global economy.
The hostile takeover by BHP was once worth $140bn (£92bn) but the collapse in commodity prices and [...]
Mining Exploration Technology Exhibition, Industry experts attend workshop on ‘sour’ gas
SHELL has brought together national oil companies, major resource holders and academia from countries including Qatar, Oman, the United Arab Emirates, Saudi Arabia, Kuwait, Iran and Russia to share expertise on “sour” gas and carbonate reservoirs.
Project Of Development Of Infrastructure To Support Mining Exploration Qatar-Bahrain
Qatar and Bahrain goverment will cooperation to do possibility research will be built an bridge infrastructure which will connect both states. project of this research include;covers seeking of source of exploration of new mine in both states. this infrastructure expected can increase activity of mining exploration and mining industry in both states.
The construction of 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 [...]
Oil and Gas Investment : QIA pumps $850m into Indonesia
The Qatar Investment Authority (QIA), which manages around $60bn of assets, is to pump $850m into Indonesia’s economy, reported Reuters. The QIA is to form a $1bn firm alongside the South East Asian country’s government which will put $150m into the joint venture. The new entity will invest in the oil and gas, mining and [...]
Qatar Steel Company to take stake in GIIC
Qatar Steel Company (Qasco) yesterday decided to pick up 25% stake in the Bahrain-based Gulf Industrial Investment Company (GIIC) as part of its strategy to strengthen its global supply chain.
GIIC, one of the main suppliers of oxide pellets to Qasco, produces and supplies direct reduction billets grade iron oxide pellets to major direct reduction iron [...]
OPEC ministers say may hold off on oil cuts for now
OPEC appeared willing on Wednesday to pull back from immediate oil output cuts, responding to consumer nation calls to hold off until winter has passed to guard against price spikes that would hurt the world economy.
OPEC, which produces over a third of the world’s oil, will hold talks on Thursday to decide whether to curb [...]
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 [...]
