State oil and gas firm Pertamina has raised the domestic prices for jet fuel but kept unchanged the prices of the other fuels. It sets domestic fuel prices every month. The company said it has raised the aviation gasoline price to Rp 6,391 per liter from Rp 6,380 last month while aviation turbine is now...

GAIL (India) Limited recently signed an agreement with Egypt Kuwait Holding, Egypt, to acquire a participating interest in National Gas Company (NATGAS) of Egypt. The agreement was signed by Proshanto Banerjee, GAIL’s chairman and managing director, and Moataz Al Alfi, Egypt Kuwait Holding Company’s managing director, in New Delhi last month. GAIL will acquire a...

Antares Energy Company, a fully owned subsidiary of Australia’s Amity Oil Limited expects to soon start a multi-well drilling programme on its recently acquired leases in Oklahoma, US. The leases are located in the Oklahoma portion of the prolific Anadarko Basin. In a statement, Amity Oil said the initial programme will comprise two firm wells,...

China Southern Power Grid Co, a state enterprise in Guangzhou, has proposed to supply 3,000 megawatts of power to the Electricity Generating Authority of Thailand (Egat) under an energy affairs co-operation agreement signed by Thailand and China in 2000. According to the Bangkok Post, the power supply would be transmitted from two hydro-electricity dams –...

Malaysian state oil and gas company Petronas has set up a state-of-the-art 3D immersive visualisation centre, a facility that will significantly enhance its capability in the interpretation and evaluation of upstream data and greatly improve its upstream decision making processes. The Centre, located in Tower 2 of the Petronas Twin Towers in Kuala Lumpur, is...

Jakarta is still far from fulfilling its promise to update and revise its 10-year-old national standard on vehicle emissions. The revision was to have been completed by September, requiring all vehicles to meet new emission standards before their owners are allowed to register them. A bureaucrat in the State Minister’s Office for the Environment, Ridwan...

Fujian Petrochemical Company Limited (FPCL), ExxonMobil China Petroleum and Petrochemical Company Limited (ExxonMobil), and Aramco Overseas Company B.V. (Saudi Aramco) have agreed to jointly fund the front end loading (FEL) design activity for a more than $3.5 billion dollar project involving expansion of the existing refinery in Fujian Province and addition of a chemical complex....

Australian upstream company Santos Limited said it will expand its offshore Victorian gas interests having agreed to increase to 50% its equity interests in both the Patricia Baleen and the Sole gas fields in offshore Victoria state. br>Santos will obtain from Trinity Gas Resources Pty Ltd (TGR) an additional 30% interest in the Patricia Baleen...

Japan’s electricity consumption grew a strong 12.5% to 77.54 billion kwh from year ago levels, reported the Japan Times. The Federation of Electric Power Companies of Japan said that the increase reflects the unusually cool summer last year and record-breaking heat this year. It said demand at the nation’s 10 top power utilities increased for...

Australian engineering company Clough Limited has reported after profit of A$16.2 million for the year to June 30, 2004, reversing a net loss of A$9.5 million the previous year. (US$1=A$1.4). “The full year result is encouraging after the poor performance in 2002-03 and is in line with our forecasts. This result is a step in...

Japanese oil distributors plan to raise wholesale gasoline prices by 3 yen to 4 yen this month in line with the recent surges in crude oil prices. (US$1=110 yen). Japan Energy Corp has raise its wholesale gasoline prices by 4 yen per liter from today. Nippon Oil Corp and other wholesalers will likely follow with...

Thailand’s Excise Department is planning to tax heavy fuel users and increase “sin” taxes to encourage energy conservation and reduce waste, Finance Minister Somkid Jatusripitak said, according to the Nation newspaper. Mr Somkid said the department should raise taxes progressively “depending on the amount of fuel consumed”. He said the department should also review taxes...

ONGC Videsh Ltd (OVL), the overseas arm of Indian state upstream company ONGC, has bought a 55% interest in an oil block in Australia from Canadian firm Antrim Energy Inc., According to the Financial Express, Block WA 306 P is located in Australia’s North-West Shelf. OVL chairman Subir Raha told the newspaper: “The stake in...

Vietnam’s Ministry of Industry has approved the construction of two power plants and is waiting on a proposal from the Coal Corporation for a third, which combined would have a capacity of 215 megawatts (MW), according to the Vietnam News Service. The ministry said it has completed and approved a feasibility study for the VND171.1...