PV Drilling , the service arm of Petrovietnam, plans to purchase a second offshore rig this year to meet soaring demand from oil explorers, a senior official from the company said on Friday.
“Demand for rigs is huge in Vietnam and we will place the order for the rig later this year so it can be [...]

Plantation firm PPB Oil Palms Bhd. said Thursday it is confident Malaysian regulators won’t block its US$4.3 billion (euro3.6 billion) merger with Singapore palm oil refiner Wilmar International Ltd.
“I don’t think the government will stop (the deal) but they might impose conditions,” Oh Siew Nam, executive chairman of PPB Group Bhd. which is the parent [...]

Aegean Marine Petroleum Network Inc. announced that it will hold a conference call to discuss the Company’s results for the fourth quarter and full year of 2006 on Thursday, March 1, 2007 at 9:00 a.m. Eastern Time. The Company will issue financial results for the fourth quarter and full year ended December 31, [...]

Exports of liquefied natural gas (LNG) and refined petroleum products recorded a double digit growth in 2006, the Ministry of International Trade and Industry (MITI) said.
Exports of LNG, which accounted for 29.4 percent of total exports of minerals and mineral fuels in 2006, increased by 12 percent to RM23.29 billion, MITI said in the 2006 [...]

Copper and other key industrial metals prices were firm on the London Metal Exchange on Friday as traders assessed the likelihood of fresh Chinese buying.
“We’ve seen copper correcting then holding at a level, but our view is that there will be Chinese buying after their New Year holidays,” a fund manager said.
Copper ended the day [...]

Most Asian markets rose Friday, with Japanese stocks climbing to their highest in nearly 10 months and markets in India, Singapore and Australia all rose to records. Malaysian shares finished at a new 10-year high.
Stocks rose in Tokyo amid optimism about growth prospects for the U.S. economy, a key export market. The benchmark Nikkei 225 [...]

The world’s coal industry needs to sharpen up its act in order to meet tougher environmental standards amid increasing global concern over rising greenhouse gas emissions, experts said.
The call at an industry conference in Singapore came as top experts under the UN Intergovernmental Panel on Climate Change (IPCC) gathered in Paris to carry out a [...]

Enterprise Products Partners L.P. announced that the Independence Hub production platform set sail today from Corpus Christi, Texas, for a five-day trip to Mississippi Canyon Block 920 where it will be installed. The hub, which is owned 80 percent by Enterprise and 20 percent by Helix Energy Solutions Group, Inc., will be located approximately 150 [...]

Shanghai copper futures closed 4 percent lower on Tuesday, tracking the previous day’s losses in London when profit taking dragged copper down 3.8 percent.
The most active April contract was down 2,370 yuan at 51,910 yuan ($6,679) a tonne at the close. Just before the closing bell, copper was at its downside limit of 51,900 yuan.
Copper [...]

Oil and gas services specialist, PSL Energy Services Ltd, has been awarded a £6.4 million ($12 million) well services contract by Petroleum Development Oman (PDO).
The two year contract, for hydraulic workover (HWO) and snubbing services, is PSL’s first significant well services contract in the Middle East.
The award comes as a direct result of the Aberdeen [...]