INDONESIA: New oil-gas body BPMigas

JAKARTA (AFX-ASIA) – Energy and Mineral Resources Minister Purnomo Yusgiantoro has installed the management team of BPMigas, the new authority for the upstream oil and gas industry, the ministry said. The Energy and Mineral Resources said in a statement that the management team includes a member of Yusgiantoro’s expert staff, Kardaya Warnika, as vice-chairman; Zainal […]

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CHINA: Shandong Intl sets on-grid tariff for 3 power units, Huaneng Power reports successful trial r

HONG KONG (AFX-ASIA) – Shandong International Power Development Co Ltd said its new on-grid tariff of 320 yuan per million megawatt-hours (MMWH) for three generating units has been approved by the government. (US$1=8.28 yuan). The tariff is applicable to the second 300 MW-generating unit of Laicheng plant, the newly-operating third 300 MW unit of Laicheng […]

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MARKETS: FAME announces strategic partnership with FinancialCAD

FAME Information Services, Inc., a leading provider of data management and decision-support solutions for trading and risk management, has announced a partnership with FinancialCAD, providers of financial instrument management software products and services. This partnership gives FAME customers access to Fincad Analytics through the FAME Data Management Suite. FAME is a leading provider of data […]

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COMPANY: Greenpeace steps up action against ExxonMobil over global warming

Environmental group Greenpeace said it succeeded in “shutting down” ExxonMobil’s operations in Luxembourg last Friday in protest against the oil major’s policy on climate change. The event coincided with a gathering of representatives from 178 countries meet in India over the next round of the Kyoto Protocol. Activists from 31 countries were at all of […]

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PHILIPPINES: PNOC unit says Malampaya consortium yet to firm drilling plans for 2003, Mindoro invest

MANILA (AFX-ASIA) – PNOC Exploration Corp said it has yet to firm drilling plans for next year at the Malampaya natural gas site in northwest Palawan. The unit of state-owned Philippine National Oil Co was clarifying reports that the Malampaya consortium led by Shell Philippines Exploration BV (Spex) plans to drill two more wells at […]

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SPEECH: By Takamichi Hamada, TOCOM COO on the occasion of the 18th Asia Pacific Petroleum Conference

The Importance of Crude Oil Futures In Asia By Takamichi Hamada, TOCOM COO On the occasion of the 18th Asia Pacific Petroleum Conference 2002, September 24, 2002 I.ÊÊÊÊÊÊÊIntroduction Good morning, ladies and gentlemen. I’d like to welcome you all to this presentation. My name is Takamichi Hamada and I am the COO at the Tokyo […]

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IRAN: President Khatami urges quick resolution of Caspian oilfield boundary dispute

TEHRAN (AFX-GEM) – Iranian President Mohammad Khatami said there is an “urgent need” for countries on the Caspian Sea to settle an ongoing dispute over oilfield boundaries and establish a legal system for the area, the official news agency IRNA reported. Speaking after talks with Azerbaijani president Heydar Aliev at a meeting of the Economic […]

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