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Chevron To Build Biggest Natural Gas Project in Australia
Chevron Corp. on Monday committed to building Australia’s biggest natural resource project, a $37 billion facility that will pump natural gas from the ocean floor, cool it into a liquid and ship it to the hungry economies of East Asia.
Russia Ramps Up Oil Exports as OPEC Cuts Back
Russia is surpassing Saudi Arabia in oil exports for the first time since the Soviet Union’s collapse as Prime Minister Vladimir V. Putin exploits OPEC production cuts to gain market share.
Exports of crude oil and refined products from Russia rose to 7.4 million barrels a day in the second quarter, from 7.25 million in the [...]
Risk Oil Prices Declince, OPEC To Keep Quota To Support Oil Price
StatoilHydro ASA, the world’s largest offshore oil and gas operator, said there’s a risk oil prices will decline amid concern the economy will re-enter recession, prompting OPEC to maintain quotas this week.
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Petrol And Coal Offset Iron Decline In Strong June Result
BHP Billiton has delivered stronger than expected June quarter results, with higher petroleum output, aided by a resurgence of Bass Strait oil production, and coking coal offsetting a fall in iron ore production.
Giant Oil and Gas Company, Exxon Mobile Expect To Spend $129 billion on New Project Oil and Gas Exploration
The head of Exxon Mobil Corp. said Monday the company is not planning to shrink its staff or cut back on investment because of the global economic downturn.
Pakistan Oil and Gas Make Policy To Support Oil and Gas Exploration Companies
The News reported that Exploration and Production companies would be offered USD 4.08 per mmbtu in as per 2009 petroleum policy, which was USD 3.65 per mmbtu in 2007 and USD 2.99 per mmbtu in 2001 petroleum policy.
China Oil Company, Sinopec Corp. Agreed To Build Oil and Gas Rigs in Kuwait
China’s largest oil refiner, Sinopec Corp, has agreed to build five oil and gas rigs in Kuwait after signing a US$350 million contract with the Kuwait Oil Company (KOC).
Chinese Companies To Increase Stake in Australian Mining Asset
As the debate over Defence Minister Joel Fitzgibbon’s Chinese associate continues, the Foreign Investment Review Board is poring over applications by Chinese-state owned companies to increase their stakes in the Australia’s mining assets.
