(EnergyAsia, February 4, Monday) — Royal Dutch Shell has fanned fears it might again reduce its oil reserve estimates after announcing last week that it would postpone the release of the data. Information on reserves, a vital indicator of the company’s long-term health, would normally be released alongside its financial results. On January 30, Shell...

  (EnergyAsia, February 4, Monday) — UK’s BG Group plc said it has agreed to establish an alliance with Queensland Gas Company Limited (QGC), a leading coal seam gas exploration and production company in Australia’s Queensland state. The two companies will jointly explore and develop onshore coal seam gas acreage as well as develop domestic...

(EnergyAsia, February 4, Monday) — Singapore’s Keppel Corp said its 2007 net profit surged 50.6% to S$1.13 billion, thanks mostly to demand for its oil rig construction services. (US$1=S$1.43). Its revenue jumped 37.2% to S$10.43 billion. Keppel’s offshore and marine division, which includes oil rig and ship building as well as ship repair and conversion,...

(EnergyAsia, February 4, Monday) — Shares of Exxon Mobil and Chevron, the two largest US oil companies, slipped last Friday despite reporting record full year profits as investors focused instead on their declining oil production. Thanks to record high crude oil prices, Exxon Mobil said its 2007 net profit rose 2.8% to $40.6 billion on...

(EnergyAsia, February 4, Monday) — The Japan Bank for International Cooperation (JBIC) recently signed a loan agreement totaling up to US$3 billion with Abu Dhabi National Oil Company (ADNOC), the national oil company of the UAE’s Abu Dhabi. Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the...