Posts Tagged ‘indonesia’

Kiddie-Pool Islamic loan ending indonesian invisibility

by Forex Rooton January 15, 2013 6:10 am GMT
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 gas

by Forex Rooton November 15, 2012 4:19 am GMT
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 update

by on November 12, 2012 5:37 am GMT
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.

Harvest hit by Petrodelta costs

by on November 9, 2012 1:50 pm GMT
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,