(EnergyAsia, May 21 2012, Monday) --- Japanese trading house Itochu Corp and Thai state-owned PTT Global Chemical Public Company have agreed to invest in petrochemical projects in Malaysia’s southern state of Johor.In a statement, Malaysian state energy company Petronas said it has signed Heads of...

(EnergyAsia, May 21 2012, Monday) --- Apart from growing at a projected slower rate of 7% this and next year, the Indian economy will face rising risks from its slow reform efforts, high oil prices, volatile inflation and the global economic crisis, said the business community and the International ...

(EnergyAsia, May 18 2012, Friday) --- The oil and gas industry is taking a cautious attitude towards mergers and acquisitions despite higher oil prices, improving access to capital, increasing economic optimism and a generally more favourable deal environment, said consultant Ernst & Young.In it...

(EnergyAsia, May 18 2012, Friday) --- Battered by Europe’s economic crisis and US threats to release strategic stockpiles, crude oil prices have fallen to their lowest levels in more than six months, with US WTI slipping below US$100 a barrel and North Sea Brent hovering just above US$110 this wee...

(EnergyAsia, May 18 2012, Friday) --- Australia’s largest downstream oil company has just declared that it is still too early for the ailing refining industry to die.After over a year of making funeral arrangements for its two unprofitable ageing refineries, Caltex Australia Limited surprised shar...