Archive | July, 2002

MARKETS: Platts says changes to its oil price methodology have spurred development of trading instru

Oil pricing media Platts said changes to its methodology for creating the key North Sea crude oil benchmark price have spawned a new trading instrument in the forward market. Platts is the energy information, consulting, research and marketing services division of The McGraw-Hill Companies. On July 10, Platts changed the way it generates benchmark prices […]

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JAPAN: Shell to build Tokyo’s first hydrogen refuelling station

Showa Shell Sekiyu KK (Showa Shell) has announced that it is to build the first hydrogen refuelling station in Tokyo, in partnership with Iwatani International Corporation and the Tokyo Metropolitan Government. Showa Shell is a Japanese company equally owned by Japanese interests and the Royal Dutch/Shell Group of Companies (Shell). Shell Hydrogen will be providing […]

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AUSTRALIA: Woodside announces approvals underway for Otway gas fields

Environmental assessment has begun for development proposals for the Thylacine and Geographe gas discoveries off the coast of south-western Victoria in Australia. The discoveries, between 55km and 70km south of Port Campbell, are operated by Woodside Energy Ltd. on behalf of two joint ventures involving Origin Energy Resources Limited, Benaris International N.V. and CalEnergy Gas […]

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PHILIPPINES: Meralco B flat after H1 results

MANILA (AFX-ASIA) – Manila Electric Co B shares have been holding steady after the company’s first half results came in within expectations, dealers said. Meralco said its first half net profit dropped to 465.245 million pesos from 952.995 million pesos a year ago. (US$1=50 peso). In the second quarter, it made a net profit of […]

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CHINA:Xinao considering slowing down expansion following Petrochina’s pipeline project

HONG KONG (AFX-ASIA) – Xinao Gas (Holdings) Ltd is onsidering slowing down its expansion in China from next year, general manager Yang Yu said in a South China Morning Post report. The company sees few suitable new downstream projects after PetroChina’s proposed US$8.5 billion natural gas pipeline from Xinjiang province to Shanghai commences operations after […]

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PEOPLE: Intertanko reorganises regional responsibilities

Intertanko, the International Association of Independent Tanker Owners, has announced the following personnel changes affecting its Asian representative office and Latin American panel. Minerva Alfonso, who set up its Asian office in Singapore in 1999, is relinquishing her post as regional manger in August to commence maternity leave. John Fawcett-Ellis has been appointed her successor […]

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