WSP Holdings Limited, a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction (”Oil Country Tubular Goods” or “OCTG”), and other pipes and connectors, today announced that its wholly-owned subsidiary, Wuxi Seamless Oil Pipes Company, Limited (”WSP China”), [...]

Thailand and Oman will cooperate in exploring for natural gas and oil fields in third countries, with Myanmar being the first target, Thai Energy Minister Piyasvasti Amranand said Monday.
The plan is a follow-up step following PTT Exploration and Production’s (PTTEP) commencement in producing natural gas and condensate from Oman’s Shams field last week.
PTTEP is the [...]

Senior Energy Ministry officials, led by Minister Piyasvasti Amaranand, will pay a five-day visit to three Middle East countries this week and explore for ways to increase petroleum investment by two Thai government-run oil firms.
Mr. Piyasvasti will visit Oman, Qatar and the United Arab Emirates (UAE) February 8-12 intending to follow-up projects jointly undertaken [...]

Bangchak Petroleum yesterday posted a huge net loss of Bt1.54 billion for the third quarter, due mainly to a change in the method the company uses to account for its inventory costs.
It posted a net profit of about Bt1.1 billion in the corresponding period last year.
However, its consolidated earnings for the quarter recorded a net [...]

Philippine stocks posted their largest one-day drop in two weeks on Friday, snapping six straight trading days of gains, as gold miners such as Lepanto Consolidated Mining Co. fell on weak gold prices.
The Philippines ended down 1.13 percent, Indonesian stocks lost 0.52 percent, and Thai stocks were off 0.41 percent by 0513 GMT.
Markets elsewhere rose. [...]