Deep dividends: Philippines to benefit from oil and gas finds

Article Abstract:

Newly discovered oil and natural gas deposits may allow the Philippines to reduce energy imports and to eliminate the power shortages that inhibit economic growth. A joint venture between Shell Philippines Exploration and Occidental Petroleum discovered the new deposits, which are located under the ocean off the north coast of Palawan island. Called the Malampaya field, the deposits will require innovative engineering to extract because they lie 3,400 meters below the 900 meter deep ocean. A pipeline to convey the oil and gas to Luzon will also have to be built.

Bituminous coal and lignite--surface, Joint ventures, Natural resources, Philippines, Natural gas exploration, Occidental Petroleum Corp., Petroleum in submerged lands, Offshore oil fields, Oil and gas exploration, Petroleum exploration, Offshore gas fields, Shell Oil Co., Natural gas in submerged lands

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Indonesia - over a barrel in oil search

Article Abstract:

Exxon Mobil's contract with Indonesia's Pertamina oil company for development of an onshore oil field is discussed. Indonesia has vast oil reserves, which it is unable to exploit for want of funds to set up the requisite infrastructure. The government is torn between the present oil price crisis, the country's weak economic conditions, and the need to manage the nationalists' attitude in the elections year.

United States, Government domestic functions, Financial management, Contracts & orders received, Management dynamics, Contracts & orders let, Oil and Gas Field Services, Oil & Gas Field Services, Support Activities for Mining, Management, Finance, Contracts, Contract agreement, Company business management, XON, Exxon Mobil Corp., Company financing, Oil field services, Pertamina Oil Co., Natural resource policy

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Turning on Tangguh

Article Abstract:

BP the Anglo-American oil company is all set to develop its gas field in Tangguh in western Papua. The company is awaiting the extension of the concessions from the Indonesian government.

United Kingdom, Strategy & planning, Taxes, Planning, Taxation, British Petroleum Company PLC, Tax policy, Company business planning

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