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New Mining Equipment Investment India, India Sign Agreement With Iran for Building Gas Pipeline
The 7.5-billion-dollar (4.7-billion-euro) project to bring gas from Iranian fields to India and Pakistan had been discussed on the sidelines of the World Petroleum Congress industry event, which ended in Madrid Thursday.
Talks on the 2,600-kilometre (1,615-mile) Iran-Pakistan-India pipeline began in 1994 but were stalled by tensions between India and Pakistan and disagreements over prices and [...]
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 [...]
Oil Mining Exploration and Production in Future : G-8 Energy Forum Discuss Oil Prices
Energy chiefs from the world’s industrial powers huddled for talks on soaring oil prices Sunday amid deep doubts that their actions can quell markets – or stave off damage to their economies – anytime soon.
Ministers from the Group of Eight nations met in northern Japan in the morning to discuss energy security. They are to [...]
Australian Mining Future and New Investment : China’s Looking For To Buy Mining assets in Australia
Australia said no Chinese companies have been told to withdraw applications to buy into Australian resource firms, despite media reports Canberra was pressuring China to back away from such investment.
China’s miners and steelmakers are looking to buy mining assets in Australia to lock in supplies of raw materials such as coal and iron ore to [...]
Uranium Exploration Australia Agreement with India’s Reliance Industries
Uranium Exploration Australia (UXA) said today it had signed an agreement with Reliance Industries to explore across eight exploration tenements.
Reliance is the largest private sector company in India and is owned by India’s, and perhaps the world’s, richest family – the Ambanis.
The Ambani brothers, Anil and Mukesh, are estimated to be worth close to $US100 [...]
Petroleum Oil Exploration Plan in Sudan
A key rebel leader in Sudan’s troubled Darfur region has singled out oil companies as military targets, particularly from China, posing a threat to the Asian nation’s crude imports and adding to the mounting challenges it faces over its involvement in Africa.
In a face-to-face interview with Dow Jones Newswires, Abdelwahid Nur, head of one of [...]
Coal use grows despite warming worries
Almost nonstop, gargantuan 145-ton trucks rumble through China’s biggest open-pit coal mine, sending up clouds of soot as they dump their loads into mechanized sorters.
The black treasure has transformed this once-isolated crossroads nestled in the sand-sculpted ravines of Inner Mongolia into a bleak boomtown of nearly 300,000 people. Day and night, long and dusty trains [...]
Chávez, Ahmadinejad reinforce economic, political ties
President Hugo Chávez wrapped up a tour of Russia, Belarus and Iran on July 2. In Iran, the Venezuelan ruler initialed 17 cooperation accords in a number of areas and pledged to fight against the US empire.
Venezuela and Iran on June 30-July 1 entered into 17 new cooperation agreements during President Hugo Chávez’ visit [...]
Asian Stocks Decline in U.S. Trading, Led by PetroChina Shares
Asian stocks fell in U.S. trading, as Chinese central bank Governor Zhou Xiaochuan said equities in the mainland may be overvalued and Lehman Brothers Holdings Inc. said the country is an emerging market to avoid.
PetroChina Co., the nation’s biggest oil company, declined.
The Bank of New York Co.’s Asia ADR Index, tracking the region’s American depositary [...]
