Bow Energy Limited Increases Blackwater Coal Seam Gas Field 3P Certified Gas Reserves By 15%

Brisbane, Australia, Nov 07, 2010 (ABN Newswire via COMTEX) -- Bow Energy Limited (ASX:BOW) (PINK: BOWYF | PowerRating) are pleased to announce an additional 213 petajoules (PJ) 3P certified reserves for its Blackwater CSG Field located approximately 250km west of Gladstone, Queensland. The upgrade...

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Drillsearch Energy Limited Chiton Oil Field Production Recommences

Sydney, Nov 8, 2010 (ABN Newswire) - Drillsearch Energy Limited (ASX:DLS) (PINK:DRLLF) is pleased to announce that production at the Chiton Oil Field located in PEL 91 on the Western Flank Oil Fairway has recommenced, as receding floodwaters allow better access...

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Woodside in defence mode as Shell sells down

Australia’s biggest independent oil and gas company Woodside Petroleum is in takeover defence mode after long-time shareholder and technical adviser Shell offloaded a 10 per cent stake for $3.3 billion. The sale will leave Shell with a 24.27 per cent Woodside stake but has signalled that Shell is an...

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Australian labour woes to fuel LNG project costs

PERTH: Australia's expanding liquefied natural gas (LNG) industry could face large labour cost blowouts as new projects struggle to fill thousands of jobs from a heavily unionised workforce whose ranks are already being thinned by retiring baby boomers.  [Read more] Source: The Economic Ti...

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Olympia Steel Buildings Lands Huge Contract To Ship Buildings to Kazakhstan

Olympia Steel Buildings has just landed a huge contract to ship buildings into Kazakhstan for a new state of the art manufacturing plant planned for the manufacture modular housing to meet the recent housing development boom. "Olympia Steel Buildings has more large building projects up the road," stated...

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South Korean fishing boat sinks in high waves, leaving 9 sailors missing

SEOUL, South Korea — The coast guard says that a South Korean fishing boat has sunk, leaving nine crew missing. Coast guard officer Hong Seok-ju says that the trawler sank in high waves off South Korea's west coast on Monday morning. [Read More] Source: The Canadial Pr...

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BP, Chinese flagged to sign oil exploration deal

BRITISH oil giant BP is reportedly about to sign a major exploration deal with China's biggest offshore oil and gas producer. When Prime Minister David Cameron visits Beijing this week, Sky News said BP was hoping to conclude an agreement with state-owned China National Offshore Oil Corporation to explore...

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Crew of Hijacked Korean Ship to Return Home

Five Korean crew members on board the supertanker Samho Dream, which was released last Saturday after being hijacked by Somali pirates in April, are expected to return to Seoul this Saturday. [Read More] Source: Chosun I...

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Fire breaks out at container station near Pipavav Shipyard in Gujarat

Sunday, Nov 7, 2010, 20:18 IST -  A fire broke out this evening at a container freight station located near the Pipavav Shipyard here, district fire officials said. No casualties were reported so far, officials said. "A fire broke out at the freight station of Contrans logistics, which is...

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China Zenith Chemical Group applies for TDR issue

Hong Kong-listed China Zenith Chemical Group Ltd<0362>, a leading coal-based chemical and biochemical raw materials manufacturer and supplier, announced last week that it has submitted an application to the Taiwan Stock Exchange for its Taiwan Depositary Receipt issue, the Wall Street Journal...

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DBP to offer financing assistance to Filipino ship designers

In line with its efforts to rejuvenate the country's shipbuilding industry, the Development Bank of the Philippines (DBP) has announced its willingness to fund the construction of ships or vessels designed by the country's naval architects."(We are willing to do this so) they can promote this vessels...

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Austal buys Australian Technology Information

Shipbuilding company Austal Ltd (ASX:ASB) has announced that it has bought a Canberra-based company called Australian Technology Information (ATI) Pty Ltd. [Read More] Source: Finance News Netw...

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Rongsheng, Planning Hong Kong IPO, Expects Rising Profit on China's Growth

China Rongsheng Heavy Industries, the nation’s second-biggest shipbuilder, said domestic economic growth and government support will boost profit. “The future of shipbuilding is upbeat as the global economy is recovering stably,” Chief Executive Officer Chen Qiang said in Hong Kong today via a video...

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Iraq receives Saudi offer to rebuild oil pipeline

Iraq's Oil Ministry is studying an offer submitted by a private Saudi company to rebuild the idled Iraq Saudi oil export pipeline, ministry spokesman Asim Jihad told Reuters on Sunday. Jihad and a representative of the Saudi firm, Ali Mahir, said the offer proposed involving Japan's Mitsubishi and a...

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MAMMOET ACQUIRES NEW HARBOUR SITE

Heavy lifting and multimodal transport provider Mammoet has acquired an 8 ha undeveloped harbour site on the Axel Plain at Autrichehaven in Westdorpe, near Terneuzen, the Netherlands. [Read More] Source: Ship Managem...

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Yemen to divert 35 LNG cargoes to Asia in 2011

SANAA, November 7 (Reuters) - Yemen LNG, a liquefied natural gas venture led by French oil major Total (TOTF.PA: Quote), will divert 35 cargoes originally meant for U.S. markets to Asia next year because of higher prices there, an official said on Sunday. Income from gas exports is an important revenue...

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Mariner Energy Reports 2010 Third Quarter Results

For the three-month period ended September 30, 2010, Mariner Energy, Inc. reported net income of $1.8 million, which equates to basic and diluted earnings per share of $0.02. This compares with net income of $4.2 million, or $0.04 per basic and diluted share, for the same three-month period in the prior...

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W&T Paying $450M For Shell's Stakes In Gulf Of Mexico Fields

W&T Offshore Inc. (WTI) said it has bought or plans to buy interests in six offshore fields located in the Gulf of Mexico from Royal Dutch Shell PLC (RDSA, RDSA.LN) for about $450 million.The independent oil and natural-gas company also will assume about $50 million of asset-retirement obligations...

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