Archive
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.
PAKISTAN
BY KEITH NUTHALL
THE WORLD Bank’s International Finance Corporation will provide US$30 million to help LASMO Oil Pakistan Ltd, a subsidiary of Lasmo plc, (acquired by Italy’s ENI SpA in 2001), to develop Pakistan’s Bhit natural gas field, 150 km north of Karachi, at a cost of US$283 million.…
IMO - OIL SPILLS
BY KEITH NUTHALL
DRAFT recommendations on improving the treatment of oil spills have been agreed by the International Maritime Organisation, during the UN agency’s third research and development Forum on High Density Oil Spill Response.
Experts present discussed the particular problems posed by this kind of pollution, including its high viscosity and tendency to sink.…
SINGAPORE
BY MARK ROWE
SINGAPORE’S biggest industrial landlord, JTC Corporation, has almost completed a year of geological exploration under the city state’s Jurong Island where it hopes to build rock caverns to hold petrochemicals, because of a lack of above-ground storage. JTC will now develop detailed plans for suitable locations.…
BANGCHAK
BY MARK ROWE
THE THAI Finance Ministry is to bail out the ailing Bangchak Petroleum Plc, the state-owned oil refiner and retailer. The Finance Ministry has a 45 per cent stake in Bangchak Petroleum but it is now more than US$70million in debt and faces a crucial repayment deadline in August.…
DEVON ENERGY
BY MARK ROWE
THE NATIONAL oil companies of Malaysia and Indonesia and China’s PetroChina are competing to buy up US-based Devon Energy Corp’s Indonesian oil and gas fields. Devon Energy wants to sell US$1 billion in assets after spending more than US$7 billion in takeovers earlier this year.…
3D OCEAN
BY MATTHEW BRACE
AUSTRALIAN scientists have produced a virtual 3-D tour of a stretch of ocean floor, which they claim could help geologists discover oil and gas deposits. The data, which will soon be available via the Internet, reveals canyons 1,000m deep and submarine mountain ranges to the south east of Australia.…
SUNOCO
BY MONICA DOBIE
SUNOCO, a subsidiary of Suncor Energy Inc. of Calgary, has sold its natural gas and marketing business in central Canada, to a branch of the Mississauga-based, Ontario Energy Savings Corporation. for CAN$66 million.…
ALBERTA MERGER
BY MONICA DOBIE
SHAREHOLDERS of Alberta Energy Co. (AEC) and the PanCanadian Energy Corporation have voted overwhelmingly to merge the two Alberta-based companies to form EnCana Corp, which the companies say will be the largest independent energy producer in north America.…
IRISH-SRI LANKAN BEER
BY SWINEETHA DIAS WICKRAMANAYAKA
A SPECIALITY Sri Lankan brewer has dug into the colonial heritage of his south Asian island by launching a heavily hopped dark beer that he is marketing as 3C Irish Dark. The CEO of the Three Coins Beer Company Lasath Suriyapperuma says that the brew is smooth on the palate and has a reddish tinge.…
RICH BOOZERS
BY MONICA DOBIE
THE MORE alcohol one consumes, the more money one makes, and vice versa, according to research by a Canadian academic at the University of Calgary.
Dr Chris Auld, an assistant professor of economics, concluded that teetotalers were generally poorer, following research correlating alcohol consumption and income.…