Archive for January 30th, 2009

Stuart Petroleum accelerates Timor Sea development studies

30-Jan-2009 Intellasia | Energy Current | 7:52 AM

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 [...]
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Indonesia’s Timah slows investment on project delays

30-Jan-2009 Intellasia | Reuters | 7:52 AM

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 [...]
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Huge oil and gas reservoir found in PNG

30-Jan-2009 Intellasia | Australia Network News | 7:52 AM

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 [...]
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China slow down hits Burmese mining

30-Jan-2009 Intellasia | Mizzima | 7:52 AM

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 [...]
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Fitch assigns ‘AA-(tha)’ to Thai Oil’s new debentures

30-Jan-2009 Intellasia | Thai PR.Net | 7:52 AM

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 [...]
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DJ CGA Mining starts commissioning of Philippine gold project

30-Jan-2009 Intellasia | Dow Jones | 7:52 AM

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 [...]
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Mines and plants hit by low prices and high costs

30-Jan-2009 Intellasia | Reuters | 7:52 AM

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 [...]
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Philippine’s miner Apex slashes labour force

30-Jan-2009 Intellasia | GMANews.TV | 7:52 AM

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 [...]
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Medusa eyes rising gold production

30-Jan-2009 Intellasia | ShareCast | 7:52 AM

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 [...]
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PNG LNG submits EIS, gathers public input

30-Jan-2009 Intellasia | Oil & Gas Journal | 7:52 AM

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 [...]
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Encore Oil shares dive on gas storage complication

30-Jan-2009 Intellasia | Reuters | 7:52 AM

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 [...]
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ConocoPhillips reports $31.8B loss on charges

ConocoPhillips reports $31.8B loss on charges

30-Jan-2009 Intellasia | Associated Press | 7:52 AM

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 [...]
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Gulf Petroleum says committed to US$5b Malaysian project

30-Jan-2009 Intellasia | Business Times | 7:52 AM

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 [...]
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Britain’s Crew Gold cuts jobs at Philippines

30-Jan-2009 Intellasia | Agence France Presse | 7:52 AM

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 [...]
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Russia tightens disease control amid bird flu deaths in China

30-Jan-2009 Intellasia | Ria Novosti | 7:52 AM

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 [...]
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