(EnergyAsia, December 2) — Australian upstream company Bass Strait Oil Company Ltd (BAS) has agreed to farm in a 25% interest in the offshore PEP151 licence previously 100% held by Essential Petroleum Resources Limited. The permit is in the onshore Victorian Otway Basin, northwest of Portland. Both companies are listed on the Australian stock exchange....
(EnergyAsia, December 1) — Hong Kong-listed China Oilfield Services Limited (COSL) said it has secured two drilling contracts in Daewoo International Corporation in Myanmar and Woodside Energy Ltd in Australia. COSL said its semi-submersibles NH II and NH VI won the biddings and will soon start drilling services. The NH II drilling vessel will be...
(EnergyAsia, December 1) — Automaker Daimler-Chrysler has delivered three “green” vehicles to Beijing Public Transportation Corporation for the use at the Olympic Games in 2008. The fuel cell-powered vehicles were displayed at the recent Fourth International Clean Vehicle Technology Conference and Exhibition. Ma Songde, vice minister of science and technology, said that China’s auto...
(EnergyAsia, December 1) — India’s Rural Development and Panchayat Raj Department (RDPR) and Mysore Zilla Panchayat will introduce solar energy to a cluster of three villages in Harohalli and Jayapura Gram under a project to develop the use of non-conventional energy resources. The state government has already approved the Rs 2 million project to...
(EnergyAsia, December 1) — Indian Oil Corp (IndianOil) is aiming to raise US$250 million from the loans with international banks. In a statement, finance director S.V.Narasimhan said: “IndianOil has mandated six banks, BNP Paribas, Calyon Bank, Citigroup, ING Bank N.V., Mizuho Corporate Bank Ltd and Sumitomo Mitsui Banking Corp, to arrange the syndicated term...
(EnergyAsia, December 1) — Esso Malaysia Bhd said its third quarter net loss rose to RM57 million compared with a loss of RM36 million for the same period last year. (US$1=RM3.75). For the nine months to September, its net loss widened to RM97 million against a loss of RM35 million for the same period...
(EnergyAsia, December 1) — Malaysia’s Petronas Gas Bhd has declared a 15% gross interim dividend despite posting a slightly lower net profit of RM212.19 million for the quarter ended September 30, 2005 down from RM212.51 million a year earlier. (US$1=RM3.8). Revenue for the quarter jumped 22.05% to RM710.22 million from RM581.89 million a year...
(EnergyAsia, December 1) — Singapore Petroleum Company said it will introduce ultra-low sulphur diesel — 0.005% sulphur content — across its network of 39 service stations service stations in Singapore from today. The product is also equipped with anti-forming properties and detergent additives to maintain optimal engine performance. SPC said it started supplying the...
(EnergyAsia, December 1) — Honeywell is inviting industry executives and professionals to its Energy Seminar at Level 3, Room 308, Suntec City in Singapore on December 7 from 9 am to 1 pm. The event is open to the professional public. Honeywell said its team of energy experts will share their knowledge and methodologies...
(EnergyAsia, December 1) — Australian upstream company Santos has given investors a positive outlook for its future performance at its Investor Seminar in Adelaide yesterday. Senior company executives have affirmed production guidance for 2005 of 55 million barrels of oil equivalent with a further increase of 10% in 2006. A sharp increase in the...
(EnergyAsia, December 1) — State Saudi oil and gas company Aramco has announced an allocation of SR18.75 billion (US$1=SR3.75) to build a 400,000 barrels per day oil refinery in the country’s western region. According to a statement by the Royal Commission for Jubail and Yanbu, the project, to start up in end 2007, will create...