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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 [...]
With nuclear off and coal thin, Japan hunts for LNG
A few Japanese power companies are tentatively seeking spot cargoes of liquefied natural gas (LNG), as they brace for a hot summer with low coal stocks and reduced nuclear power rates, market sources said on Friday.
But even coupled with opportunistic buying from India and China, the fresh demand seems unlikely to lift Asian spot LNG [...]
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. [...]
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 [...]
Agreement of energy of sign of Cuba, India
The agreement calls for the exchange of information on renewable energy sources and the training of Cuban scientists in India.
It covers wind, solar, biomass and small power plant projects during the 2007-09 period.
“We are going to help each other in promoting renewable energy in our respective countries,” the Indian minister said at a press conference.
Capricorn Energy New Success Story?
Scottish oil junior Cairn Energy [LSE:CNE], holding vast producing oil acreage in South-East Asia (India, Bangladesh, Pakistan and Nepal), has again made headlines lately. Based on its statements that it plans to return $944 million to shareholders after floating its Indian business, investors have renewed their interest.
Cairn has decided to split up its former company [...]
Uzbekistan harbors energy development plans
Russia is moving aggressively to help Uzbekistan fulfill ambitious energy development plans. Since the start of 2007, one Russian state-run energy entity has signed a new production sharing agreement with an Uzbek concern, and other Kremlin-controlled firms have moved forward on an array of separate deals.
The Uzbek state-owned oil and gas monopoly Uzbekneftegaz announced the [...]
UZBEKISTAN HARBORS ENERGY DEVELOPMENT PLANS; RUSSIA READY TO HELP
Russia is moving aggressively to help Uzbekistan fulfill ambitious energy development plans. Since the start of 2007, one Russian state-run energy entity has signed a new production sharing agreement with an Uzbek concern, and other Kremlin-controlled firms have moved forward on an array of separate deals.
Petronas, PNOC to Start Mindoro Drilling
Petroliam Nasional Bhd (Petronas), together with its joint venture partner the Philippine National Oil Co (PNOC), will invest some US$22.5 million (RM78.75 million) for initial drilling activities at the offshore Mindoro site, a prospect for oil and gas discovery.
A Philippine government official said the activity is tentatively scheduled to start in the current quarter and [...]
