Archive for June 26th, 2010

New Papua tribe discovered

26-Jun-2010 Intellasia | Toronto Sun | 4:27 PM

A tribe of hunter gatherers living in trees in the remote forests of Indonesia’s easternmost Papua region has been discovered for the first time by the country’s [...]
» More

Indonesia gov’t proposes ban on foreign ownership of property

26-Jun-2010 Intellasia | People's Daily Online | 4:26 PM

The Indonesian government has proposed new rules to ban foreigners from owning property, but allow them to secure leaseholds of up to 70 years, local media reportedin Jakarta [...]
» More

Price for Newmont’s remaining 7% stake too high, says Bumi

26-Jun-2010 Intellasia | Jakarta Post | 4:25 PM

PT Bumi Resources says it has not decided whether it will buy a further 7 percent stake in PT Newmont Nusa Tenggara (NNT), claiming the asking price is too high. Dileep [...]
» More

Global gas demand to rise 25 pct by 2020 -Shell exec

26-Jun-2010 Intellasia | Reuters | 4:24 PM

Global gas demand is still set to increase by one quarter by 2020, despite uncertainty about the recovery of industrial demand for the cleanest-burning hydrocarbon, a Royal [...]
» More

Thai coal miner Banpu happy with 19.9pc Centennial stake

26-Jun-2010 Intellasia | The Australian | 4:22 PM

Thailand’s biggest coal miner by revenue, says it has no immediate plans to buy an additional stake in Australia’s Centennial Coal. Chief executive Chanin [...]
» More

Indophil seeks new buyer after $545m mine sale snags

26-Jun-2010 Intellasia | Sydney Morning Herald | 4:19 PM

Indophil Resources is seeking a buyer for its stake in the Tampakan copper-gold project in the Philippines after China’s Zijin Mining Group abandoned a takeover bid for [...]
» More

Spex to drill Silangan-1 oil well

26-Jun-2010 Intellasia | GMA news.tv | 4:18 PM

Shell Philippines Exploration B.V. (Spex) will start drilling the Silangan-1 oil well in Northeast Palawan next July, a government official said Wednesday. Energy [...]
» More

Shell exploration unit to start work in northeast Palawan

26-Jun-2010 Intellasia | Business World Online | 4:14 PM

Royal Dutch Shell PLC’s local exploration unit, Shell Philippines Exploration B.V., will begin exploration in the northeastern side of Palawan next month, an official [...]
» More

Philippine upstream petroleum sector reviews oil spill safeguards

26-Jun-2010 Intellasia | Manila Times | 4:12 PM

Amid the flurry of exploration activity in the Philippines, the country’s upstream petroleum sector on Thursday said they would synchronize their safety and [...]
» More

Red gives voice to social causes across Vietnam

26-Jun-2010 Intellasia | red (pres release) | 3:55 PM

Ho Chi Minh City – red | brand builders Vietnam, in partnership with VietnamMarcom, have sponsored and launched a Social Marketing Solutions Portal, socialmarketing.vn [...]
» More

Asian markets track Wall St fall

26-Jun-2010 Intellasia | Business Times | Reuters | AFP | Bloomberg | AP | 3:54 PM

Asian stocks followed Wall Street lower yesterday Friday June 25 as concerns over the global economy returned, while China set the yuan at its strongest rate in five years a [...]
» More

Thai April fuel demand dips 0.06pct yr/yr

26-Jun-2010 Intellasia | Reuters | 7:01 AM

Demand for oil products in Thailand, excluding bitumen and liquefied petroleum gas, dropped 0.06 percent in April from a year earlier to 578,841 barrels per day, Energy [...]
» More

Shell eyes another gas treatment project

26-Jun-2010 Intellasia | Jakarta Post | 7:01 AM

Shell Global Solutions (Shell GS), an oil and gas upstream technology provider and a subsidy of Royal Dutch Shell Plc., is seeking to double its presence in Indonesia by [...]
» More

Tindalo-1 well oil output tally now at 75000 barrels

26-Jun-2010 Intellasia | Business Mirror | 7:01 AM

Australia-based Nido Petroleum Ltd said on Thursday that it is working to determine the Tindalo-1 oil field’s potential oil reserves through continuous extended well [...]
» More

Suspected rebels torch mining facility in CamNorte

26-Jun-2010 Intellasia | Inquirer.net | 7:01 AM

A building of a mining company in Labo town, Camarines Norte was burned by suspected members of the New People’s Army, the armed wing of the Communist Party of the [...]
» More