Vietnam Resources - Mining, Oil, Gas RSS News Feed by Intellasia.net

Industrea secures Indonesian mine contract

Tue, 13 May 2008 07:00:00 PST

Industea continues with the global success of its CAS-CAM collision avoidance mining technology after winning a contract with PT Inco (Vale Inco) in Indonesia.

Indonesia revokes 14 regulations on levies to oil and gas companies

Tue, 13 May 2008 07:00:00 PST

Indonesia's central government has revoked 14 regulations issued by various regional governments that charge levies to oil and gas companies operating in the country, the Energy and Mineral Resources Ministry said Friday.

Petroleum imports estimated at 5.249m cubic metres in Jan-April

Tue, 13 May 2008 07:00:00 PST

The Ministry of Industry and Trade reported that during the first four months of this year, Vietnam imported a total of 5.249 million cubic metres of fuel, rising 11% year-on-year, including 1.63 million cubic metres of gasoline, 2.625 million cubic metres of diesel, 0.94 million cubic metres of paraffin and others.

DOE to award new coal, geothermal contracts

Tue, 13 May 2008 07:00:00 PST

The Department of Energy will award within the month three geothermal service contracts and two coal operating contracts in areas offered under the 2006 Philippine Energy Contracting Round (PECR-3).

Pan Australian may expand Laos copper mine output by a third

Tue, 13 May 2008 07:00:00 PST

Pan Australian Resources Ltd, owner of the second-largest copper mine in Laos, may expand the Phu Kham project a second time, boosting output by a third by 2011 as prices for the metal surge.

Indonesia's Mitra Rajasa seeks US$550 million loan to fund Apexindo

Tue, 13 May 2008 07:00:00 PST

Indonesian land transportation company PT Mitra Rajasa Tbk is seeking to borrow US$550 million from international financial institutions to fund its plan to acquire an 80.6% stake in oil and gas services provider PT Apexindo Pratama Duta Tbk, Bisnis Indonesia reported on Friday.

Pertamina wants to lift stake in Tugu Pratama Indonesia

Tue, 13 May 2008 07:00:00 PST

State-owned oil and gas company PT Pertamina wants to increase its stake in insurance subsidiary PT Tugu Pratama Indonesia. Pertamina plans to take over 17.5% stake owned by state owned asset management company PT Perusahaan Pengelola Aset (PPA), Tugu Pratama President M. Afdal Bahaudin said.

Thai Banpu Q1 coal sales jump

Mon, 12 May 2008 07:00:00 PST

Banpu PCL BANP.BK, Thailand's largest coal miner, said on Friday its coal reserves rose to 334.02 million tonnes at the end of March from 309 million a year earlier, but were down from 339.45 million at the end of December

Thanh Hoa to license oil refinery project

Mon, 12 May 2008 07:00:00 PST

The developer for an oil refinery and petrochemical complex in the northern province of Thanh Hoa, Nghi Son Refinery & Petrochemical Limited Liability Company, will be introduced at a function on Saturday in the province.

Russian and Vietnamese oil firms win Siberian fields

Mon, 12 May 2008 07:00:00 PST

A consortium of Russian and Vietnamese state oil firms, ZarubezhNeft and PetroVietnam, has won a tender to develop four oil blocks in West Siberia, sources in the Russian firm and regional government said Wednesday.

Chevron contributes US$2m to Myanmar cyclone relief

Mon, 12 May 2008 07:00:00 PST

Chevron Corporation today announced that it has contributed US$2 million to provide assistance to those affected by the recent devastating cyclone in Myanmar. The International Federation of the Red Cross will receive a $1 million contribution. An additional US$1 million will be allocated to four other organizations: the International Organization for Migration, Mercy Corps, Pact and Save the Children.

Chevron oks multibillion-dollar gas project in Thailand

Mon, 12 May 2008 07:00:00 PST

Chevron and its partners will start constructing the Platong Gas II natural gas project in the Gulf of Thailand. Total development cost of the field is approximately $3.1 billion with startup scheduled for 2011. The development, located in shallow water 120 miles (200 km) offshore, should add 420 MMcf/d processing capacity.

Indonesia denies reports of possible coal export quotas

Mon, 12 May 2008 07:00:00 PST

Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use.

Thailand, Burma sign gas production, anti-drug agreements

Sat, 10 May 2008 07:00:00 PST

Thailand and its neighbour Burma on Wednesday signed agreements on natural gas production in the Gulf of Mataban and on joint cooperation in drug suppression along their common border, Thai prime minister Samak Sundaravej said.

Indonesia Adaro plans up to US$80m IPO paper

Sat, 10 May 2008 07:00:00 PST

Indonesia's PT Adaro Energy plans to raise up to US$800 million through an initial public offering, a leading financial daily reported on Thursday.

Petronas, partners strike oil offshore

Sat, 10 May 2008 07:00:00 PST

Malaysia-based Petronas and its partners struck oil and gas in Mauritania.

Indonesia vows to work with private firms to restore oil glory

Sat, 10 May 2008 07:00:00 PST

Vowing to reverse Indonesia's gradual decline as an oil exporter, Indonesian petroleum officials Wednesday promised to work with private oil giants to encourage new investment in East Asia's lone member of the Organisation of Petroleum Exporting Countries.

Sound Oil partners 'cure' Citarum default

Sat, 10 May 2008 07:00:00 PST

Sound Oil Plc. said its partners in the Citarum exploration area in Indonesia have "cured" their default by paying US$5.9 million plus costs and interest.

Miner's IPO cash to go to exploration, loans

Sat, 10 May 2008 07:00:00 PST

The second company to go public using the liberalised listing rules for mining firms will allot P438.44 million to finance exploration activities, refurbishment and expansion of its coal, extraction and processing facilities, and pay off loans.

Bougainville begins study into restarting copper mine (update1)

Sat, 10 May 2008 07:00:00 PST

Bougainville Copper Ltd, operator of the world's biggest copper mine before insurgents forced its closure almost two decades ago, started an initial study into re-opening the mine in Papua New Guinea.

Philippines awards five new acreages

Sat, 10 May 2008 07:00:00 PST

The Filipino government on Wednesday awarded five petroleum exploration service contracts to four groups of explorers, according to media reports. Miocene Mining and Energy Corp (MMEC), Helios Petroleum and Gas Corp (HPGC), Burgundy Global Exploration Corp (BGEC) and a partnership between NorAsian Energy Ltd and Trans-Asia Oil and Energy, were each granted seven-year exploration permits for the acreages. The DOE expects the total exploration investment to run up to US$79.2 million.

PTTEP to invest 287b bth in 2008-2012, Q1 net profit soars 32%

Sat, 10 May 2008 07:00:00 PST

PTT Exploration & Production Pcl (PTTEP), a subsidiary of Thailand's largest energy firm PTT Pcl, plans to invest some Bt287 billion in energy ventures in 14 countries worldwide as its net profit for the first quarter this year soared 32% from a year ago, according to the firm's Chief Executive Officer anon Srisaengtaksin.

PMT Gas Co reports performance

Sat, 10 May 2008 07:00:00 PST

HCM City based PMT Gas Co recently released the audited fiscal report of 2007 with the total asset of 284.109 billion dong, revenue from sales and service provision of 88.980 billion dong.

DENR exec defends Australian mining firm from Nueva Viscaya governor

Sat, 10 May 2008 07:00:00 PST

Environment Secretary Joselito Atienza on Thursday defended

Australia's Nido Petroleum seeks strategic partner

Sat, 10 May 2008 07:00:00 PST

Australian oil firm Nido Petroleum Ltd is scouting for a strategic partner to explore for oil and gas prospects in the northwest Palawan basin.

Governor wants Australian mining firm out of Nueva Viscaya

Sat, 10 May 2008 07:00:00 PST

Gov. Luisa Lloren Cuaresma, apparently slighted by the seeming disregard of a foreign mining firm for the provincial government's "cease and desist order," on Tuesday advised officials of the Australian mining firm to just leave the province if it could not pay the taxes and fees being collected by her administration.

Otto awarded exploration service contract offshore Philippines

Sat, 10 May 2008 07:00:00 PST

Otto Energy announced the award of Area 8 Service Contract 69 offshore Philippines to the company's wholly owned subsidiary NorAsian Energy Limited for a 7-year period.

Vital Resources reports progress on Indonesian acquisition

Fri, 09 May 2008 07:00:00 PST

Vital Resources Corp ("Vital") (CNQ Exchange -VITL, Frankfurt Stock Exchange -VZN) is pleased to update shareholders on the progress of the potential acquisition of Ramok and Senabing oil and gas fields in Sumatra, Indonesia.

Hemisphere Gold Inc., executes letter of intent for acquisition of Angkor Wat Minerals Ltd, and proudly appoints Barry Lucas to the board of directors

Fri, 09 May 2008 07:00:00 PST

Hemisphere Gold Inc. ("Hemisphere"), a gold exploration, property acquisition and mining development company, is pleased to announce that it has entered into a Letter of Intent (the "LOI") to acquire all of the issued and outstanding shares of Angkor Wat Minerals Ltd ("AWML") (the "Transaction"). Concurrent with the execution of the LOI, Barry Lucas, director and Chair of AWML has been appointed to the Board of Hemisphere to work directly with the Co on the closing of the Transaction and the continued development of the AWML projects.

Medusa Mining finds 'exceptional' intersection at Co-O mine

Fri, 09 May 2008 07:00:00 PST

Medusa Mining Ltd said it found an 'exceptional' intersection of 33.50 metres at 18.07 grammes a tonne of gold at its key Co-O Mine in the Philippines.