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Sep-Dec 2005

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News and data collection between September - December 2005

GAIL in talks to buy $500 mn E&P company

by admin — 2008-11-13 20:43

From Our Commodities Bureau / Mumbai : December 24, 2005 : GAIL India is scouting to acquire a mid-sized oil exploration and production (E&P) company worth $500 million, and is in talks with three companies for the purpose.

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GAIL starts talks with Myanmar for gas share

by admin — 2008-11-13 20:43

Jyoti Mukul, From New Delhi : December 19, 2005 : GAIL (India) has started negotiations with the Myanmar government to buy its share of natural gas from A-1 block in that country. Myanmar had earlier agreed to consider GAIL as the preferential buyer of gas from the block.

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Activists to protest Indian oil and gas investments in Burma

by admin — 2008-11-13 20:42

Nem Davies, From Mizzima News : December 15, 2005 : Burmese democracy activists and lobby groups will protest Indian oil and gas investment in Burma on Saturday morning at a rally in Janta Manta Park, New Delhi.

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Energy hungry India keen to explore, have access to oil rich sources, says Minister

by admin — 2008-11-13 20:42

From New Delhi : December 13, 2005 : Oil Minister Mani Shankar Aiyer said on Tuesday that New Delhi is keen to explore and access oil-rich Central Asia, Iran, Myanmar along with countries like Indonesia, Australia and Qatar, to fulfill supplies for energy-hungry India.

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Delhi may accept Dhaka's terms

by admin — 2008-11-13 20:42

Sharier Khan, From The Daily Star, Bangladesh : December 10, 2005 : New Delhi may reconsider its objections to Bangladesh proposals on the tri-nation gas pipeline and accept the three conditions put earlier, it has been reliably learnt.

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India to host BIMSTEC meeting of officials on regional grid

by admin — 2008-11-13 20:41

From New Delhi : December 9, 2005 : Initiating the first step to explore the possibility of a trans-BIMSTEC power transmission grid, India will host later this month a meeting of senior officials and experts to discuss the technical matters related to the issue.

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South Korea looking for engineers in the pipeline

by admin — 2008-11-13 20:41

Song Jung-a, From !!!News Agency's Name!!! : December 8, 2005 : The strong oil price is making happy people of not only global oil producers but also South Korean construction companies. A boom in overseas construction, especially in the Middle East, has boosted the profits of Korean contractors, who are suffering from dwindling orders at home.

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India, Russia evoke 'strategic partnership'

by admin — 2008-11-13 20:40

From AFP : December 7, 2005 Wednesday : MOSCOW, Dec 6: Russia and India intensified cooperation on defence and energy as Indian Prime Minister Manmohan Singh and Russian President Vladimir Putin met at the Kremlin on Tuesday and evoked a 'strategic Partnership,' "We have a very special relationship when it comes to matters related to defence," Manmohan Singh said at the start of the meeting, referring to a 'strategic partnership' between the two countries.

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Indian Oil Minister to Meet Norway Prime Minister

by admin — 2008-11-13 20:40

Himendra Kumar, From FWN Financial News : Wednesday, December 07, 2005 : Indian Petroleum Minister Mani Shankar Aiyar is scheduled to meet Norway’s Prime Minister Jens Stoltenberg at 0700 GMT in New Delhi Thursday, a senior Indian government official said Wednesday.

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ONGC Videsh to Buy 45% Stake in Nigeria's Akpo Field

by admin — 2008-11-13 20:41

From AFX News Limited : Wednesday, December 07, 2005 : ONGC Videsh is set to acquire a 45% stake in Nigeria's Akpo oil and gas field for about US $2 billion, the Economic Times reported, without citing sources.

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Total Resolves Tax Dispute Over Kharyaga PSC

by admin — 2008-11-11 13:17

From Total : Wednesday, December 07, 2005 : Total reports the resolution, out of court and as a result of constructive negotiations with representatives of the Russian Federal Government and Administration of the Nenets Autonomous Region, of all issues in regards to the Kharyaga Production Sharing Contract which were the subject of an international arbitration in Stockholm.

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India and China: An Energy Team?

by admin — 2008-11-13 20:39

Vandana Hari, From Platts Oilgram News : Tuesday, December 06, 2005 : India's globe-trotting Oil Minister Mani Shankar Aiyar is paving the way for what could become the cornerstone of his unique brand of oil diplomacy during a trip to Beijing in January, 2006. Aiyar plans to sign a broad memorandum of understanding with Ma Kai, chairman of China's state energy policy planner, the National Development Reform Commission, that would have the competing Asian giants join hands in their quest for energy resources.

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Indian Oil improves to 21st posn in Patts world energy rankings

by admin — 2008-11-13 20:40

From New Delhi : December 6, 2005 : State-owned Indian Oil Corporation has moved five places to occupy the 21st position in the Patts Top 250 Global Energy Company ranking.

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ONGC Hires Floating Unit to Replace BHN Platform

by admin — 2008-11-13 20:40

Paul Cuckoo, From The Economic Times, India : Tuesday, December 06, 2005 : ONGC has hired a floating facility for production, storage and offloading of oil to replace the BHN platform, that was ravaged by a fire in July this year.

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ONGC and BG India Strengthen Relationship

by admin — 2008-11-13 20:38

From ONGC : Friday, December 02, 2005 : Oil and Natural Gas Corporation Ltd. (ONGC) and BG Exploration and Production India Limited (BGEPIL) have reached agreement to jointly operate three offshore deepwater exploration blocks on the east coast of India.

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GAIL bags industry leadership award

by admin — 2008-11-13 20:38

From New Delhi : December 2, 2005 : State-owned GAIL (India) Ltd has received the prestigious Platts Global Industry Leadership Award 2005 in New York. The award was presented to GAIL “in recognition of its commitment, continous good work and collective efforts over a period of 2 decades for the hydrocarbon industry at global level,” the company said in a press release.

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Myanmar to offer 13 deepwater blocks

by admin — 2008-11-13 20:39

From Oil and Gas Journal : December 1, 2005 : Myanmar plans to offer 13 deepwater blocks in addition to the existing five offshore blocks that have not been taken up yet, Myanmar Oil and Gas Enterprise (MOGE) managing director San Lwin told the 8th ASCOPE conference and exhibition in Manila on November 30.

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Total Settles Forced Labor Suit in Myanmar

by admin — 2008-11-13 20:46

From !!!News Agency's Name!!! : Tuesday, November 29, 2005 : Total and the French Sherpa Association, an organization that defends human rights worldwide and which represents eight Myanmar nationals who had started legal proceedings for arbitrary sequestration, have reached an agreement to put a definitive end to the legal proceedings initiated in 2002 at the Nanterre District Court.

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Myanmar Targets Jump In Oil Output To 50,000 B/d In 2010

by admin — 2008-11-13 20:47

By Sherry Su,Edited by Sharon Vong, From !!!News Agency's Name!!! : 11-29-05 : MANILA -(Dow Jones)- Myanmar's state-owned Myanma Oil & Gas Enterprise plans to sharply increase its oil output from domestic onshore areas to 50,000 barrels a day in 2010, according to a report by a senior company official that will be delivered at a conference Wednesday.

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Myanmar top leader meets Bangladesh Chief of Army Staff

by admin — 2008-11-13 20:39

From Xinhuanet, China : November 28,2005 : Chairman of the Myanmar State Peace and Development Council (SPDC) Senior-General Than Shwe met with visiting Bangladesh Chief of Army Staff Lieutenant-General Moeen UAhmed here Monday, said a night report of the state-run Radio Myanmar.

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