News

Iran pitches for Indo-Iranian pipeline

Mohammad Reza Nematzadeh, the deputy minister of petroleum and gas and chairman of the National Petrochemical Company of Iran said that there was a great opportunity for Indian companies in offshore and
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Exxon to pick up 10 per cent in Petronet LNG

The Rs. 2,500 crore ($US550 million) project is being developed by a consortium of companies called Petronet LNG. It is possible that Exxon may equally share its stake in the project with Qatar Petroleum.
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Receivership for Shale Oil Project

Texas-based oil investor Jeff Sandefer injected $A34 million into the company in May and was due to inject further funds if certain pre-conditions were met. However Mr Sandefer placed the company into
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Mitsui & Co acquire interest in Indonesian Gas Field

If other stakeholders in the project approve the deal it will be the first venture into natural gas rights in Indonesia for Mitsui. The other firms holding an interest in the project include CNOOC Ltd
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WA government reminds Epic of veto right

Further complicating the sales process, acting Premier Eric Ripper said that he would not allow state-owned electricity utility Western Power, one of the pipeline’s major customers, to sign a commercial
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Indonesia delays building of Bontang LNG Plant

The construction of the $US800 million plant, also known as Bontang Train I, was delayed because the state-owned oil and gas company Pertamina has only secured a single contract to supply 1.2 million
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CNOOC Starts Building Shandong Gas Pipeline

The 190 km pipeline starts from Longkou city and terminates in Yantai city, northwestern Shandong, he said. From Longkou, CNOOC is building another pipeline linking gas deposits in the offshore gas fields
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