Published: September 2003 World Energy Atlas 2004 contains 128 mapping plates over 264 full colour pages. It is the definitive source of cartographic information for the oil and gas industry. The hard-bound, cloth covered Atlas details: All major oil and gas fields and pipelines All major gas processing and storage facilities All major deepwater fields...
LONDON (AFX) – Shares in Shell Transport & Trading Co PLC and Royal Dutch Petroleum Co NV ended higher last week as analysts continued to react positively to the group’s better than expected first quarter numbers and buy-back plans, dealers said. Last week, the oil group unveiled first-quarter net income, adjusted to reflect current cost...
BEIJING (AFX-ASIA) – Negotiations for a natural gas pipeline from Russia’s Eastern Siberia to China and South Korea are likely to conclude in three to four months, TNK-BP president and chief executive Robert Dudley was quoted as saying by the official China Daily. TNK-BP, a joint venture of Tyumen Oil Co and BP PLC, is...
TOKYO (AFX-ASIA) – Mitsubishi Corp and Marubeni Corp have signed up with Ineos Fluor Japan Ltd, the subsidiary of UK’s Ineos Fluor Holdings Ltd, to buy greenhouse gas emission rights, the Nihon Keizai Shimbun reported, without citing sources. The Ineos group will in May launch a project in South Korea to collect and destroy chlorofluorocarbon...
BEIJING (AFX-ASIA) – Shenzhen Energy Investment Co Ltd (SZA 000027) said its first-quarter net profit rose 44.84% to 164.2 million yuan from 113.37 million yuan a year earlier, largely due to higher electricity sales. (US$1=8.27 yuan). Core revenue increased 49.79% to 1.298 billion yuan in the first three months, against 866.29 million yuan in the...
SAN FRANCISCO (AFX) – Oil futures remained firm with gasoline prices climbing to a new record of US$1.251 per gallon as traders continued to argue about the prospects for energy demand from the US and China and digested data on oil supplies. Crude ended well at US$37.38 after crossing US$38/barrel. Natural-gas prices took a slight...
Oil prices are poised to rise to new highs in the coming weeks as the war between US forces and Islamic radicals rises to a new level of intensity, with oil installations and shipping lanes on the front line. Last month witnessed the most visible escalation in the spreading war, with US forces suffering their...
Thailand’s Finance Ministry is considering cutting oil taxes amid and abolishing gasoline taxes in the face of stubbornly high oil prices. According to the Nation newspaper, the Excise Department will raise the issue with Finance Minister Somkid Jatusripitak. The ministry may choose to cut excise taxes on gasoline as its latest attempt to ease price...
The UAE is pushing ahead with huge projects to lift its oil output capacity by nearly one million barrels a day to maintain its position as a leading oil producer. According to the Gulf News, the country has the world’s third largest crude reserves and has invested at least $25 billion in major projects over...
KUALA LUMPUR (AFX-ASIA) – The Bakun dam will proceed as planned, Malaysia’s Energy, Water and Communication Minister Lim Keng Yaik said, dismissing talk that the government may pull out of the controversial project. “We will continue with the Bakun dam, but certain things need to be tied up fast,” he told reporters. The Edge newspaper...
China’s CNOOC Limited (NYSE: CEO, SEHK: 883) said its offshore oil and gas production rose 7.2% in the first quarter of 2004 to 314,382 barrels of oil equivalent (boe) per day. From its offshore fields, CNOOC Limited produced 273,054 b/d of crude oil and liquids and 237 million cubic feet per day of natural gas....