Posts Tagged ‘indonesia’
Indonesia is counting on people like Nur Hanifah, a 50-year-old widow who sells plastic buckets and inflatable kiddie pools, to help it catch Malaysia, a country one-tenth the size that leads the world in Islamic finance. Hanifah took out a Shariah-compliant loan from PT Bank Muamalat Indonesia after her husband’s death to help finance a […]
Shell to spend $20 billion by 2015 on Natural GasShell plans to invest more than $20 billion by 2015 to develop LNG and gas to liquids production, Chief Executive Peter Voser said "Strong growth in gas markets is a major opportunity for Shell and our shareholders," Voser said at an investor
Niko provides exploration updateNiko Resources, along with partner Zaratex announces the Jayarani 1 well, located in the Lhokseumawe PSC offshore Aceh western Indonesia, has reached TD at a depth of 11,537. The well penetrated the pre drill geologic objectives of Oligo Miocene Peutu and Cunda carbonates, but no commercial reservoir was encountered.
The Houston-based oil and gas producer reported net income of about $5.8 million, versus $7.7 million a year earlier, as $1.5 million in exploration charges and $1.1 million in transaction costs related to the proposed sale of its 32% stake in Petrodelta to Pertamina, as well as other items,