Archive | July, 2007

SINGAPORE: Straits Asia Resources declares force majeure at its coal mine in Indonesia

(EnergyAsia, August 1, Wednesday) — Singapore-listed Straits Asia Resources Limited has declared force majeure at its Sebuku coal mine in Indonesia’s Kalimantan province. The supply cut-off took effect on July 30. The company said operations have been disrupted by the extended wet season in Kalimantan that brought about 417mm of rainfall at Sebuku last week. […]

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AUSTRALIA: Woodside, Santos to make big LNG bets. total investments could top A$19 billion.

(EnergyAsia, August 1, Wednesday) — Two of Australia’s largest oil and gas companies last month announced they plan to make huge investments in separate liquefied natural gas (LNG) projects for the export markets. Woodside Petroleum Ltd said it will invest A$12 billion to develop the Pluto LNG project — the largest single investment by one […]

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MALAYSIA: Oil and gas stocks continue to climb

(EnergyAsia, August 1, Wednesday) — Malaysian stocks exposed to the oil and gas industry stocks such as Dialog Group Bhd, SapuraCrest Petroleum Bhd, KNM Group, Dialog, Petra Energy, Wah Seong Corp Bhd and UMW Holdings Bhd have performed well over the past year. Last week, Dialog soared 8.6% to RM2.27 while SapuraCrest hit a record […]

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RENEWABLES: Strong growth, investment in sustainable energy projects

(EnergyAsia, August 1, Wednesday) — Global investment in renewable energy projects execeeded US$100 billion last year, up from US$80 billion in 2005, according to the United Nations Environment Programme (UNEP). Regionally, the US and the European Union (EU) accounted for the bulk of investments in sustainable energy last year. However, developing countries boosted their share […]

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AFRICA: Reps of govts, energy firms, banks to meet in Cape Town, South Africa Oct 29-Nov3

(EnergyAsia, August 1, Wednesday) — Representatives from governments, oil companies and financial institutions from around the world are expected to attend the 14th Annual African Oil Week 2007 in Cape Town, South Africa on October 29 to November 3. As the world’s largest and most important energy event on Africa, the gathering will focus on […]

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