Archive | October, 2004

Shell JV makes another oil discovery off the coast of Sabah state

Shell Malaysia said its joint venture with Malaysia’s Petronas Carigali and US independent Conoco Phillips recently made another important oil discovery in waters off the coast of Malaysia’s Sabah state. Petronas Carigali is the upstream unit of Malaysia’s state-owned oil and gas company, Petronas.   The discovery in the Malikai-1 exploration well is located in […]

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JAPAN: Tokyo unhappy with Beijing’s alleged poor disclosure over gas projects

Japan has criticised China for allegedly not providing new information on its gas exploration projects in disputed parts of the East China Sea at their high-level talks in Beijing this week.   Foreign Minister Nobutaka Machimura and trade minister Shoichi Nakagawa hinted further discussions could be broken off unless China was open with its information. […]

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MARKETS: Asian product prices tumbled on bearish market fundamentals

Asian Product Prices for October 28   Openspec Naphtha tonne C+F Japan РUS$460.00 (-US$15.00 from Oct 27 closing) Jet kerosene barrel FOB Singapore Ð US$61.25 (-1.70) Gasoil barrel FOB Singapore РUS$57.30 (-1.90) LSWR barrel FOB Indonesia Ð US$40.00 (-1.70) HSFO 180cst tonne FOB Singapore Ð US$214.50 (-8.25) HSFO 380cst tonne FOB Singapore РUS$202.50 (-7.25)

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PEOPLE: Malaysia’s Scomi announced new appointments

Malaysian oil and gas company Scomi Group Bhd has announced several key management appointments following its acquisition of Singapore-based Oiltools International Ltd in July.   Ridzuan Ali has been named its senior vice president and country manager overseeing the group’s oil and gas business operations in Malaysia, which include drilling fluids, drilling waste management, industrial […]

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