Asia-Pacific Surpassed North America As The World’s Primary Oil Consuming Region In 2007

Research and Markets has announced the addition of the “Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (August 2008)” report to their offering. This report updates the previous Asia-Pacific oil and gas report, focusing on the markets in Australia, China, India, Indonesia, Japan and South Korea Current Environment – Key Points - Crude oil prices rose 66% from... 

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Castle Harlan Agrees to Sell AmeriCast for US$288 Million to Bradken

Castle Harlan, Inc., the New York private equity investment firm, announced that it had agreed to sell AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings, to Bradken Ltd., a leading publicly-traded Australian manufacturer of cast steel and other products, primarily for the mining and railroad industries, in a transaction valued at approximately... 

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Australia: Gas explorers want a 175pc taxation break

THE Australian gas industry needs taxation concessions and national regulatory consistency if it is to meet its “substantial” potential, an Australian Petroleum Production and Exploration Association report to be released today says. One result of the report is that APPEA is seeking a 175-per-cent investment allowance so explorers in frontier areas would be able to claim 175 per cent of... 

Howard Urges Australian States to End Uranium Bans

Prime Minister John Howard urged Australia’s regional governments to end bans on new uranium mines that prevent the nation from tapping soaring demand for the reactor fuel. The nuclear power boom provided a “timely opportunity,” Howard said today, releasing a government report that supported an end to the bans, enrichment of the metal for use in reactors and construction of as many... 

Asian Stocks Drop to Five-Week Low; BHP, Nippon Mining Decline

Asian stocks fell to a five-week low, led by BHP Billiton, Nippon Mining Holdings Inc. and PetroChina CO., on concern copper and crude oil will extend declines amid signs of cooling demand in the U.S., Japan and China. “The outlook for global growth still doesn’t bode well for commodities demand,” said Angus Gluskie, who helps manage $270 million at White Funds Management in Sydney.... 

Australian Gold Mining Stocks Rise, Led by Lihir; Ansell Slumps

Australian gold stocks such as Newcrest Mining Ltd. and Lihir Gold Ltd. rose along with the price of the precious metal after North Korea fired missiles over the Sea of Japan. Ansell Ltd., the world’s biggest maker of surgical gloves, slumped after the company told analysts to cut their earnings forecasts for the second day in a row. The S&P/ASX 200 Index added 3.2, or 0.1 percent, to 5107.9... 

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DOE to award July contracts to explore oil, gas blocks

The Department of Energy will award in mid-July this year the contracts for the exploration of four oil and gas blocks that were offered during the second of the Philippine Contracting Round (PCR). Energy Undersecretary Guillermo Balce told reporters Tuesday that the contracts are being prepared and will be awarded within next month, or more than eight months after PCR closed in November. “All... 

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