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Companies & Finance

Indonesia’s PGN net profits up by 7.5% in H1

Indonesian gas distributor Perusahaan Gas Negara (PGN) boosted first half (H1) net profit 7.5% year-on-year, according to the company’s six month financial report released on Wednesday.

30 August 2012
LNG

Malaysia LNG and Tokyo Gas to extend contract through 2025

Tokyo Gas and Malaysia LNG (MLNG) have signed a memorandum of agreement to extend an LNG purchase and supply contract that is set to expire in March 2015, Tokyo Gas said on Tuesday.

29 August 2012
Companies & Finance

Operations suspended at Futtsu thermal plant

Operations at Tepco’s Unit 2 of its LNG fuelled Futtsu thermal plant were suspended on Wednesday, the company said in an announcement online.

29 August 2012
Companies & Finance

Dart secures $100 million lending facility with HSBC

Unconventionals focused explorer Dart Energy has secured agreement for a $100 million senior secured reserves based lending facility with HSBC.

29 August 2012
Companies & Finance

Japan gas distributors see uptick in sales

Japan’s gas distributors sold 2.78 billion cubic metres of gas in July, with households and industrial users driving demand growth in the world’s largest importer of LNG.

28 August 2012
Exploration & Production

Quest prepares first exploration well in Indonesia’s Renau PSC

Perth-based oil and gas explorer Quest Petroleum plans to begin drilling the first of three exploratory wells in South Sumatra’s Renau production sharing contract (PSC) within the next two months, Gus Simpson, chairman of the Australian company, told Interfax on Monday.

28 August 2012
Global Markets

Indonesia's nuclear plans 'highly ambitious'

Indonesia has done little to advance nuclear power projects despite forecasts that its power supplies will be strained over the next 10-15 years.

24 August 2012
Companies & Finance

Standard Chartered to supply Bangladeshi gas-fired power debt

Midland Power is close to closing a $21 million debt facility with Standard Chartered for the development of a gas-fired power project in Bangladesh.

24 August 2012
Companies & Finance

PTTEP’s anticipated $3.1 billion equity sale is delayed

PTTEP’s planned $3.1 billion equity sale could be instrumental in helping keep the company’s shaky rating intact as it finalises the $1.9 billion takeover of Cove Energy and hunts for more investments.

23 August 2012
Supply & Demand

Japan’s LNG imports up in July

Japan imported 7.15 million tons (mt) of LNG in July 2012, preliminary data from Japan’s ministry of finance showed.

23 August 2012
Supply & Demand

Anti-nuclear polls pile pressure on Noda

A poll conducted by the Japanese government has shown that nearly 50% of respondents favour a nuclear-free Japan by 2030

23 August 2012
Supply & Demand

Korean LNG imports up 22.5% in July

South Korea’s LNG imports hit 2.76 million tons (mt) in July, according to figures released by the country’s customs service. Volumes rose by approximately 22.5% year-on-year from 2.25 mt during the same period in 2011.

22 August 2012
Exploration & Production

West Kutai PSC coal samples yield high gas content

Exploration wells drilled in the West Kutai CBM production sharing contract in Indonesia’s East Kalimantan have confirmed favourable geological conditions, CBM Asia Chairman Scott Stevens told Interfax.

22 August 2012
Exploration & Production

Indonesia’s first steps into CBM

Canadian company CBM Asia is focused entirely on CBM prospects in Indonesia, where it holds shares in four production sharing contracts and has applied for a fifth. Chairman Scott Stevens tells Interfax about the potential of Indonesian CBM.

21 August 2012
Global Markets

East China Sea tensions heighten after unauthorised landings

The worst anti-Japan protests in nearly two years swept across China over the weekend, ignited by the unauthorised landings of Chinese and Japanese activists on a disputed island chain in the East China Sea.

20 August 2012
Global Markets

Myanmar set to rise if resources properly managed – Asian Development Bank

With suitable management, Myanmar has the potential to become one of Asia’s tiger economies, the Asian Development Bank (ADB) said on Monday.

20 August 2012
Supply & Demand

Bangladeshi BAPEX more than doubles gas production

State-owned Bangladesh Petroleum Exploration and Production Co. (BAPEX) has more than doubled its gas production over the past year, The Financial Express reported on Saturday.

20 August 2012
Exploration & Production

Southeast Asia E&P ignored as world focuses on East and West Africa

Southeast Asia’s exploration and production potential has been largely ignored as much of the world’s focus has been on East and West Africa lately, analysts at Investec said in a note on Monday.

20 August 2012
Policy & Regulation

Gail challenging Mallavarum-Vijaipur pipeline decision

India’s state-run Gail has filed an appeal with the Supreme Court challenging a decision by the Appellate Tribunal for Electricity that effectively accepted rival’s bid for laying a gas pipeline from Mallavaram, on India’s east coast, to Vijaipur, in central India, the Financial Express reported on Friday.

17 August 2012
Companies & Finance

Cairn India to farm into SA's Orange Basin

Cairn India has signed a deal with PetroSA to farm into offshore exploration Block 1 in South Africa’s Orange Basin, the two companies announced on Thursday.

17 August 2012

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