Archive | April, 2006

CHINA: Moody placed Titan Petrochemicals on review for possible downgrade

(EnergyAsia, April 28) — Moody’s Investors Service recently put on review for possible downgrade the Ba3 corporate family rating of Hong Kong-listed Titan Petrochemicals Group Ltd and its B1 senior unsecured bond rating. The action follows the announcement of its FY2005 results.   Moody’s expressed concern over Titan’s weakening financial position, which includes declining margins, […]

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MARKETS: BP senior executive says financial markets behind high oil price, not supply shortage

(EnergyAsia, April 28) — The following is an edited speech given by Nick Butler, BP’s Group Vice President for Strategy and Policy Development, at an event last week.   Energy security has become such a live topic of discussion in both producing and consuming nations around the world. There is certainly no shortage of energy […]

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PEOPLE: J Michael Yeager to succeed Philip Aiken as President of Australia’s BHP Billiton

(EnergyAsia, April 28) — Australia’s leading resources company BHP Billiton has named J. Michael (Mike) Yeager as the new President for its energy business, suuceeding Phil Aiken who is retiring on December 31 2006.   Following a search that started in late 2005, BHP Billiton said it appointed former ExxonMobil executive J. Michael (Mike) Yeager […]

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SAUDI ARABIA: US waste-to-energy International Power Group to establish subsidiary to team up with s

(EnergyAsia, April 28) — US-based International Power Group Ltd said it will soon establish a new company, IPWG SAUDI Limited, in Saudi Arabia that will team up with the kingdom’s state-owned National Environment Company for waste management services. IPWG SAUDI Limited will be National Environment Company’s primary partner in developing technology for the disposal of […]

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THAILAND: PTTEP expands in Oman and Vietnam

(EnergyAsia, April 28) — Thai upstream company PTT Exploration and Production Plc (PTTEP) has made headway in its exploration and production activities in Oman and Vietnam.   In Oman, the company succeeded in bids to obtain exploration and production rights. PTTEP said it expects to sign an Exploration and Production Sharing Agreement (ESPA) by June […]

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