PETRONAS mindoro

PETRONAS mindoro

Petronas Carigali Overseas Sdn Bhd, the state oil and gas company of Malaysia, withdrew its 80 percent participation from an exploration contract area in offshore Mindoro island. PNOC Exploration Corp., a unit of state-owned Philippine National Oil Co., confirmed the decision of Petronas.

Petronas decided to transfer its entire interest in service contract 47 to PNOC […]

May 19th, 2008 – Posted in General, Oil and Gas

Petroliam Nasional Bhd (Petronas) and joint venture partner Philippine National Oil Co. (PNOC) will invest some $22.5 million for initial drilling activity at an oil and gas prospect offshore Mindoro, discovery, the New Straits Times newspaper reported.
The paper quoted a Philippine government official as saying the activity is scheduled to start in the current quarter […]

January 22nd, 2007 – Posted in General

PETROLIAM Nasional Bhd (Petronas) has climbed up 13 notches to occupy the 120th spot in this year’s Fortune Global 500 list. Petronas’ advancement in the widely-followed list has a lot to do with the higher revenue of US$44.3 billion (RM163.5 billion) the state-owned oil corporation announced recently.

Fortune also ranked Petronas at number 15 in terms of […]

July 21st, 2006 – Posted in General

Sabah can be a major economic force in the country if the plan to build a 300mw power plant by Petronas and Yayasan Sabah as well as the emphasis on downstream oil and gas industry with the proposed construction of a petrochemical plant in Kimanis materialise.
The announcement on the two mega projects by Prime Minister […]

June 2nd, 2008 – Posted in Oil and Gas

Chadian President Idriss Deby on Saturday ordered U.S. energy giant Chevron and Malaysia’s Petronasto leave his country within 24 hours for failing to pay tax as regulated, report reaching here from Chadian capital N’djamena said.
Deby told a government meeting that “the representatives of Chevron and Petronas must leave Chad and close […]

August 29th, 2006 – Posted in General, Oil and Gas

Noble Energy Inc. said Thursday it has acquired ConocoPhillips’ 50 percent participating interest in the PH-77 license offshore the Republic of Cameroon. Houston-based Noble (NYSE: NBL) did not disclose financial terms of the deal.

The acquisition of an interest in the PH-77 license area represents Noble’s initial entry into the Republic of Cameroon and its first partnership […]

July 7th, 2006 – Posted in General, Mining Stocks

A 24-hour deadline by Chad’s government for two major foreign oil companies to leave the country has expired. President Idriss Deby ordered US firm ChevronTexaco and Malaysia’s Petronas, together responsible for 60% of Chad’s production, to quit the country.

Three government ministers have been sacked and may be prosecuted over the alleged non-payment of taxes by the […]

August 29th, 2006 – Posted in General, Oil and Gas

Surigao Joint Venture partners Mindoro Resources Ltd. (TSX VENTURE:MIO; FWB:OLM) and Panoro Minerals Ltd. (TSX VENTURE:PML ; FWB:PZM) report that a Confidentiality Agreement has been signed with SR Metals Inc., on the Agata nickel laterite project, Surigao Gold District, the Philippines.
BHP Billiton has notified the Surigao Joint Venture that it will not be proceeding with […]

July 27th, 2006 – Posted in General, Nickel

Analysts disagree on how much Murphy Oil Corp. stands to gain from its stake in a deepwater offshore Malaysian oilfield, with Goldman Sachs giving a strong recommendation and JPMorgan downgrading the stock.
Murphy owns an 80 percent stake in the Kikeh field, where it began drawing oil in August 2007. The company shares production with Malaysia’s […]

June 10th, 2008 – Posted in Oil and Gas

Robert L. Cotton, President & C.E.O. of Cotton & Western Mining, Inc. , today released ground magnetometer survey data maps for the 36 million metric ton Lapa-ao and the 12 million metric ton Nagsabongan magnetite iron deposits at its Pacific Pearl Mining Complex on Mindoro Island, The Republic of the Philippines. The company is studying […]

August 23rd, 2006 – Posted in General

The Ogaden National Liberation Front (ONLF) have carried out attack on a oil field which is run by a Chinese firm,Our Heart goes to those brave man and womens families who defended OGADEN and thanks to our friends the same chines company who is drilling Gambela now would have exported oil from […]

March 5th, 2008 – Posted in Uncategorized

The Ministry of Mines and Energy said it is exerting various efforts to solve rising living cost caused due to petroleum price hike through developing national energy resources. The ministry said agreements are expected to be reached with Petronas International Company for the development of the Hilala and Kalub natural gas fields in Somali State.

During a […]

November 29th, 2006 – Posted in General, Oil and Gas

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