Washington Business Daily

Oil Production News

Total takes 20 pct stake in Australia gas project: companiesThursday, September 9, 2010 @ 1:23AMPARIS, Sept 9, 2010 (AFP) - - French energy giant Total has paid a little over 625 million euros for a 20-percent stake in a major liquified natural gas project in Australia, two of the other companies involved announced Thursday.

Total Buys Santos LNG Project Stake for $790 MillionThursday, September 9, 2010 @ 1:15AMTotal SA, Europe’s third-largest oil producer, agreed to acquire 20 percent of Santos Ltd.’s proposed liquefied natural gas project in Australia’s Queensland state for more than A$860 million ($790 million).

Rubber Output to Miss Target in Indonesia, Group SaysThursday, September 9, 2010 @ 1:15AMNatural-rubber output in Indonesia, the world’s second-largest grower, may miss an industry group’s target for this year as heavy rains disrupt tapping, adding to signs that wet weather is hurting commodity production.

ECERDC, Xiamen Zhong Seng Sign Collaboration PactThursday, September 9, 2010 @ 1:10AMXIAMEN (China), Sept 9 (Bernama) -- The East Coast Economic Region Development Council (ECERDC) and Xiamen Zhong Seng Oil & Grains Co Ltd have signed a memorandum of understanding (MOU) to undertake palm oil downstream production activities in the East Coast Economic Region (ECER).

N.D. regulators endorse gas plant expansionThursday, September 9, 2010 @ 1:09AMBISMARCK, N.D. - Amerada Hess Corp. was granted permission Wednesday to begin a $500 million expansion of its natural gas processing plant in northwestern North Dakota.