Archive for April, 2011
Markets hurt by US figures
Asian shares mostly fell yesterday Friday April 29 following weak economic data from the US, showing growth had slowed, while Sydney was hurt by the increasing strength of [...]
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Official rejects rumour on new petrol price hike
A rumour that gasoline price is about to increase by 2,700 dong a litre to 24,000 dong a litre is circulating in Hanoi and Ho Chi Minh but it is false. This news began to [...]
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OceanaGold reports 87pct jump in profits
ASX- and TSX-listed OceanaGold has reported a 87 percent revenue growth during its first quarter, with $90,7 million in revenue and $44 million in earnings before interest, [...]
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$13.6m deal signed for supervising maintenance of Dung Quat oil refinery
Binh Son Petrochemical Co on April 28 signed a $13.6 million deal with South Korea’s SK contractor on managing and supervising the first overall maintenance plan in [...]
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Central oil refinery to double capacity
The Vung Ro oil refinery in the central province of Phu Yen will double its annual capacity to 8 million tonnes, the investors, Britain’s Technostar Management and [...]
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Offshore Galoc oil well nearly depleted
Production at the Galoc oil field off Palawan reached 6.92 million barrels as of end-March 2011, already depleting close to 70 percent of its estimated reserves of 10 million [...]
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Montara oil spill firm seeks permission for more drills
The company behind Australia’s worst oil spill in 25 years has told the federal government it should be allowed to drill two new wells just north of the ill-fated [...]
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Chinese rare earths supply squeeze doomed
“The Middle East has oil,” Deng Xiaoping said in 1992, “and China has rare earths.” The 17 chemical elements collectively known as rare earths—with [...]
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Laos mining industry earns $862m
The Laos mining industry saw revenues jump 58 percent in the past six months, boosted by global price hikes in copper and gold, media reports said Friday. The mining industry [...]
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Premier Oil provides the following exploration and appraisal update for Vietnam, Egypt and Norway
Cá Rong Ðo (CRD), Vietnam (Premier 30 percent) Premier has successfully completed operations on the appraisal sidetrack CRD-2X-ST on block 07/03, offshore Vietnam. This [...]
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BPMigas endorses Pertamina to operate W Madura block
Upstream oil and gas regulator BPMigas announced Thursday its official recommendation that the government appoint state oil and gas firm PT Pertamina the operator of the West [...]
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Philex profit soars 151pct to P1.3 B in Q1
Top local gold producer Philex Mining Corporation reported that its net income for the first quarter of the year rose 151 percent to P1.31 billion from the P521.3 million [...]
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Malaysia plans second rare earth plant in Bukit Merah
Malaysia is gambling on yet another rare earth processing plant, this time in Bukit Merah area despite the environmental damage by the first rare earth plant set up there by [...]
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Medco unit, partners get 30-year oil drilling rights in Tunisia
PT Medco Energi Internasional, Indonesia’s largest listed oil company, said its unit obtained 30-year rights from the Tunisian government to explore and produce oil at [...]
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Petrol prices to stable, gas prices to rise in May: price management Dpt.
The domestic retail prices of petrol will be kept stable in May while gas prices are likely to increase due to higher world prices The domestic retail prices of petrol will [...]
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