Archive for January 30th, 2009
Stuart Petroleum accelerates Timor Sea development studies
Australian oil company Stuart Petroleum is accelerating development studies for its Oliver oil field in the Timor Sea due to ongoing strong cash flow. The company has a 50 [...]
» More
Indonesia’s Timah slows investment on project delays
Indonesia’s PT Timah Tbk (TINS.JK) plans to spend 700 billion rupiah ($62 million) this year to expand its tin chemical plant as well as buying more dredges for [...]
» More
Huge oil and gas reservoir found in PNG
Interoil Corporation says the latest data from its wells in Papua New Guinea’s Gulf province suggest it has found the biggest continuous reservoir of gas and gas [...]
» More
China slow down hits Burmese mining
Like most other sectors that earn Burma hard currency, the mining sector is likely to crash given the slow down in China, which has dramatically brought down mineral and [...]
» More
Fitch assigns ‘AA-(tha)’ to Thai Oil’s new debentures
Fitch Ratings (Thailand) Limited has today assigned National Long-term ratings of ‘AA-(tha)’ (AA minus(tha)) to Thai Oil Public Company Limited’s (TOP) new unsecured [...]
» More
DJ CGA Mining starts commissioning of Philippine gold project
CGA Mining Ltd. (CGX.AU) said Wednesday Jan 28 it has begun commissioning a plant at its Masbate gold project in the central Philippines. Leighton Contractors Asia Ltd. is [...]
» More
Mines and plants hit by low prices and high costs
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream. Skip related [...]
» More
Philippine’s miner Apex slashes labour force
Listed Apex Mining Co. has announced that it will be reducing its workforce in its mining project in Compostela Valley in a bid to contain cost. In a disclosure to [...]
» More
Medusa eyes rising gold production
Philippines focused gold miner Medusa said it is on track to increase production after good progress at its CO-O Mine. “We continue to make excellent progress at the [...]
» More
PNG LNG submits EIS, gathers public input
The ExxonMobil Corp.-led PNG LNG project group has taken another step towards development with the submission this week of its environmental impact statement to Papua New [...]
» More
Encore Oil shares dive on gas storage complication
Star Energy, a subsidiary of Malaysia’s Petronas PETR.UL, has pulled out of the Esmond gas storage project in the UK North Sea, project partner Encore Oil (EO.L) said [...]
» More
ConocoPhillips reports $31.8B loss on charges
Signaling that Big Oil’s heyday is over for now, ConocoPhillips posted an enormous fourth-quarter loss Wednesday Jan 28 as the energy giant was stung by $34 billion in [...]
» More
Gulf Petroleum says committed to US$5b Malaysian project
Quatar-based Gulf Petroleum Ltd said it has no plans to cancel or defer the development of a US$5 billion (RM18 billion) integrated oil and gas complex in Malaysia despite [...]
» More
Britain’s Crew Gold cuts jobs at Philippines
Crew Gold Corp. of Britain said Thursday it was cutting 150 workers from its gold mine in the southern Philippines to save money amid depressed metal prices. The Maco mine on [...]
» More
Russia tightens disease control amid bird flu deaths in China
Russia’s chief sanitary official has instructed regional authorities to tighten disease control measures amid a rise in the number of bird flu cases in China, his press [...]
» More
