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Shell Develop Mining Exploration and Production Technology, Low-Quality Oil Into High-end Petroleum Products
SHELL Global Solutions, the technology arm of oil giant Royal Dutch Shell Group, is committed towards developing technology to meet the region’s energy challenge.
Vice-president (Asia-Pacific) Lee Tzu Yang said the market had no other option but to boost efficiency in order to cope with increasing production costs triggered by escalating oil prices.
“That’s where our technology [...]
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 [...]
Canadian Mining company, Vangold Resources Ltd, Signs Deal to Explore for Oil
Canadian-based, Vangold Resources Ltd, has signed a production sharing contract (PSC) with Kenya’s Ministry of Energy to explore oil on Block 3A in the North Eastern Province.
This is the third exploration contract to be signed with an international oil company in three weeks.
Block 10A went to Camec International of the UK, Block 11 to the [...]
British Petroleum pulls out of PSO bidding
British Petroleum Plc said on Thursday it had withdrawn from a consortium bidding for a 51 percent stake in PSO after a “regular review” of its global refining and marketing business.
Early on Thursday Supreme Court ordered a delay to the privatisation until it rules on whether a Saudi-backed firm can enter the bidding, but a [...]
Hassan on Petronas’ future plans
Petronas president Tan Sri Hassan Marican, in a separate interview with Azam Aris and Surin Murugiah from The Edge Financial Daily after announcing its financial results for the year ended March 31, 2007, provides an insight into the company’s operations and future plans. Here are excerpts of the interview:
FD: Another record profit year for Petronas. [...]
Samudra to start using second drilling rig in Q4
Kejuruteraan Samudra Timur Bhd (KSTB) expects its second land-drilling rig to be operational by the fourth quarter, said executive director Datuk Chee Peck Kiat.
“It will be based in the Middle East or South-East Asia,” he said after the company AGM yesterday. The first unit is currently mobilised in India.
Chee said the second rig [...]
Deleum shares up on bullish O&G sector
Oil support services provider Deleum Bhd, which made an impressive debut on Bursa Malaysia main board last Friday, continued on its winning streak yesterday, with its shares putting on RM1.22, or 29.2%, and closing at the day’s high of RM5.40.
Analysts said the growing demand in the oil and gas (O&G) sector and expectations that [...]
OVL to get stake in Egyptian block
India’s ONGC Videsh Ltd. says Royal Dutch Shell has offered it a 33 percent stake in an undersea acreage in Egypt.
OVL, the overseas arms of state-run Oil and Natural Gas Corp., said the block has a reserve of 15 trillion cubic feet of gas.
The company signed an agreement with Shell and is awaiting government permission [...]
Pakistan State Oil bidding may be delayed further
Pakistan may delay bidding for a controlling stake in the country’s top oil marketing company by several few weeks due to a legal wrangle over the disqualification of a Saudi-backed bidder, an official source said on Thursday.
The government, which is selling all but 3 percent of its 54 percent holding in Pakistan State oil , [...]
