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OIL & GAS JOURNAL
Crude oil prices retreated to below US$74 per barrel on the New York Mercantile Exchange (Nymex) Thursday. Oil and gas stocks, meanwhile, moved in narrow range with downward trend. In this report: (1) Energi Mega - PT Bumi Siak Pusako gas supply deal, (2) Ecosse Energy's plan in Bengkulu, ,Last Updated ( Thu, 02 Sep 2010)
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| PGN H1 Results: Leveling Off
Gas distribution and transmission company PT Perusahaan Gas Negara (PGAS) Tbk posted net profit of Rp3.2 trillion in the first half of 2010, inched up 0.66% from the same period last year on a relatively flat sales revenue (in rupiah). (Tue, 31 Aug 2010)
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| Kepodang Field: Bakrie vs Petronas
Some media outlets reported this week that Bakrie Group might get the pipeline project to transport gas from Kepodang field operated by Petronas (Malaysia) to Tambak Lorok gas-fired power plant in Central Java. Few weeks ago, media quoted government officers that Petronas had been appointed to build the pipeline instead. What's up? (Sat, 28 Aug 2010)
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| More Articles |
| • Salamander Energy H1 in Indonesia | Oil And Gas | Salamander Energy, an Asian-focused energy company, reported strong results in its Indonesian operation in the first half of 2010, more specifically on its operated Glagah/Kambuna TAC where it has participating interest of 50%. How about the Offshore Northwest Java PSC and Southeast Sumatra PSC? | |
| • Premier Oil Indonesia Operations | Oil And Gas | Premier Oil, UK, is one of leading players in Indonesian oil and gas industry. In order to take advantage of future opportunities for increased gas deliveries from West Natuna, development work on the Pelikan and Naga fields in Indonesia has been accelerated by two years to achieve first gas in 2013 and 2014. How about other operations? | |
| • OIL & GAS JOURNAL | Oil And Gas | Crude oil dropped to below US$72 per barrel Tuesday on economic fears, international newswires reported. It dragged down energy stocks worldwide. In this report: (1) Pertamina seeks US$1.5 billion bank loans, (2) Pressures on Kodeco Energy, (3) Tuban Petrochemical's condensate plan. | |
| • Belida FSO Tender & Politics | Oil And Gas | Government's policy to favor domestic companies in the oil and gas services, especially for floating storage and offloading (FSO), has raised "political activism" in the sector. That's probably why it's so difficult to appoint "winner" of tenders, including for Belida FSO to serve ConocoPhillips. | |
| • OIL & GAS JOURNAL | Oil And Gas | Crude oil fell 2% to US$74 per barrel on the New York Mercantile Exchange (Nymex) Wednesday, dragging down most of energy stocks. In this report: (1) CBM Asia mobilizes rig for coalbed methane exploration in South Sumatra, (2) Medco Energi explorations. | |
| • OIL & GAS JOURNAL | Oil And Gas | Crude oil declined slightly to US$75.06 per barrel on Nymex last night due to doubts over economic recovery in US and Europe. Oil and gas stocks closed mixed with Benakat Petroleum as top loser. In this report: (1) Ramba Energy-Jatirarangon acquisition, (2) Bakrie Power - Panax Geothermal Deal, (3) ExxonMobil Denies Mercury Allegations, (4) Hess Awarded US$183 Million Contract to UMW (Malaysia) for Ujung Pangkah project. | |
| • Belanak LPG-FSO & Politics | Oil And Gas | Early last month, PT Pertamina Tongkang, a subsidiary of Pertamina, signed a joint executing agreement with Malaysian M3Energy Berhad for their participation in a competitive bidding Belanak field's LPG-FSO. The consortium is one of two "local groups" passed the technical and administration selection. | |
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