6 Jun 2012 - 5:34pm
KUALA LUMPUR : Delegates who attended the third day of World Gas Conference 2012 at the Kuala Lumpur Convention Center continue to display their enthusiasm and interest with halls and conference rooms packed and discussions extended even during coffee breaks.
Issues of sustainability which is highly debated was one of the main things...
6 Jun 2012 - 3:10pm
HAVANA: Cash-strapped Cuba's long quest for black gold took another twist on Tuesday with the announcement that a Malaysian firm and Venezuela's PDVSA will use an advanced oil platform vacated by Spain's Repsol.
Repsol had been doing exploratory drilling since February offshore not far from here, but on May 22 said it had not found oil with the...
6 Jun 2012 - 2:15pm
KUALA LUMPUR: GE Oil & Gas will supply proven and advanced turbocompression technology for the Petronas LNG Train 9 project, having secured a contract worth approximately US$150 million. Under the contract, GE is providing a fully integrated solution for Train 9, including GE oil and gas turbocompression equipment and variable speed drive...
5 Jun 2012 - 6:56pm
KUALA LUMPUR : Day two of the World Gas Conference 2012 saw the release of the Medium-Term Gas Market Report 2012 which projected China will more than double its consumption over the next five years while lower prices from the unconventional gas revolution will continue to benefit the United States. The report which was released...
5 Jun 2012 - 6:18pm
STOCKHOLM: Crisis-ridden Greece and other debt-wracked European countries should learn from Latvia's successful reform programme, the head of the International Monetary Fund urged in an interview on Tuesday.
"It's important for other crisis-ridden countries to learn from Latvia. The programme there was a success," IMF chief Christine...
5 Jun 2012 - 5:36pm
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which is embarking on the first commercial floating liquefied natural gas (FLNG) facility in Malaysia, has awarded the contract to a consortium comprising Technip France SA, Technip Geoproduction (M) Sdn. Bhd. and Daewoo Shipbuilding & Marine Engineering Co Ltd.
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4 Jun 2012 - 6:35pm
NEW DELHI: India's finance minister admitted Monday that the government had no scope to increase public spending to spur the flagging economy, but said interest rate cuts might be possible.
Shock economic growth figures published last Thursday showed the Indian economy growing at 5.3 per cent in the January-March period, the...
4 Jun 2012 - 5:28pm
KUALA LUMPUR: The 25th World Gas Conference 2012 organised by the International Gas Union started today at the Kuala Lumpur Convention Center and will end on 8th June. The event which was officiated by Prime Minister Datuk Seri Mohd Najib Razak is the biggest and most important global gas industry event. ...
3 Jun 2012 - 9:57pm
SHANGHAI: Weak manufacturing activity in China and dismal growth data from India have underscored Asia's vulnerability to the European turmoil and sparked fresh calls for government intervention.
Asia was long considered a global bright spot, even a haven from Europe's deepening crisis and the weak US recovery. But the continent is starting...
1 Jun 2012 - 6:50pm
BRUSSELS: The eurozone debt crisis hit workers hard on Friday as gloomy data showed unemployment jumping to a record 11 per cent, piling pressure on European leaders to revive sickly economies.
The rate in March and April was the highest since the eurozone was created in 1999 and analysts warned it would likely rise further in the coming months...
