PTT Chemical expects its olefins and plastic pellets production this year to increase by 29 per cent, from 3.57 million last year to 4.8 million tonnes, despite the suspension of the sixth gas separation plant. President and CEO Veerasak Kositpaisal yesterday said the company had fed ethylene and propylene from the second and third gas separation plants to the new cracker plant, which has a petrochemical production capacity of 1 million tonnes per year. The sixth gas separation plant could not start operations due to the Supreme Administrative Court's injunction.PTT 
Share:  <span class="company">PTT Chemical</span> expects its olefins and plastic pellets production this year to increase by 29 per cent, from 3.57 million last year to 4.8 million tonnes, despite the suspension of the sixth gas separation plant. President and CEO Veerasak Kositpaisal yesterday said the company had fed ethylene and propylene from the second and third gas separation plants to the new cracker plant, which has a petrochemical production capacity of 1 million tonnes per year. The sixth gas separation plant could not start operations due to the Supreme Administrative Court's injunction.PTT Tweet this 

Salamander Energy Plc (LON:SMDR), the Asia focused oil and gas exploration and production company, announced today that the Bang Nouan 1 gas well has been spudded.Salamander, who is the operator and has a 30% working interest in the well, revealed that the Nouan 1 exploration in the Savannkhet prospect in Lao is now underway.In , Salamander signed the Savannakhet PSC, which represented the first interest in oil and gas in the country since 1998. 
Share:  <span class="company">Salamander Energy Plc</span> (LON:SMDR), the Asia focused oil and gas exploration and production company, announced today that the Bang Nouan 1 gas well has been spudded.Salamander, who is the operator and has a 30% working interest in the well, revealed that the Nouan 1 exploration in the Savannkhet prospect in Lao is now underway.In , Salamander signed the Savannakhet PSC, which represented the first interest in oil and gas in the country since 1998. Tweet this 

BANGKOK, (Reuters) , Banpu BANP.BK, Thailand's top coal miner, reported a smaller than expected 5.8 percent fall in its fourth quarter earnings on Thursday, mainly due to a drop in average selling prices.Banpu, also Indonesia's fourth largest coal miner with five mines there, posted a net profit of 1.64 billion baht ($49.67 million), down from 1.74 billion baht a year earlier, and lower than the 3.81 billion baht in the third quarter.The result was above average analysts' forecasts of 1.53 billion baht, according to Thomson Reuters I/B/E/S.Full year net profit was 14.2 billion baht.Analysts are positive on Banpu's outlook in 2010, looking for higher coal prices and potential expansion.Banpu stock gained almost 34 percent in the fourth quarter, outperforming a 2.4 percent rise in the broader market .SETI. 
Share:  BANGKOK, (Reuters) , <span class="company">Banpu</span> BANP.BK, Thailand's top coal miner, reported a smaller than expected 5.8 percent fall in its fourth quarter earnings on Thursday, mainly due to a drop in average selling prices.<span class="company">Banpu</span>, also Indonesia's fourth largest coal miner with five mines there, posted a net profit of 1.64 billion baht ($49.67 million), down from 1.74 billion baht a year earlier, and lower than the 3.81 billion baht in the third quarter.The result was above average analysts' forecasts of 1.53 billion baht, according to Thomson Reuters I/B/E/S.Full year net profit was 14.2 billion baht.Analysts are positive on <span class="company">Banpu</span>'s outlook in 2010, looking for higher coal prices and potential expansion.<span class="company">Banpu</span> stock gained almost 34 percent in the fourth quarter, outperforming a 2.4 percent rise in the broader market .SETI. Tweet this 

PTT Aromatics and Refining expects its gross integrated margin will top US$5 per barrel this year due to rising demand for oil and aromatics products. The company's gross integrated margin last year, excluding stock gains and hedging costs, was $4.24 a barrel, up from $3.06 a year earlier. PTTAR plans to increase production at its plants to full capacity, 280,000 bpd, up from 254,000 barrels last year. 
Share:  <span class="company">PTT Aromatics and Refining</span> expects its gross integrated margin will top US$5 per barrel this year due to rising demand for oil and aromatics products. The company's gross integrated margin last year, excluding stock gains and hedging costs, was $4.24 a barrel, up from $3.06 a year earlier. PTTAR plans to increase production at its plants to full capacity, 280,000 bpd, up from 254,000 barrels last year. Tweet this 

India's state run Oil and Natural Gas Corporation (ONGC) has said budgeted to invest between $25 billion and $30 billion over the next ten years in an attempt to considerably expand its overseas oil and gas asset base. . The announcement by ONGC heralds a new, more proactive overseas strategy by the Indian government. While neighbouring China has been busy securing both headlines additional resources from abroad , owing to its concern over flattening production from current domestic and overseas operations , India's outbound energy acquisitions have been left some way behind. 
Share:  India's state run <span class="company">Oil and Natural Gas Corporation</span> (ONGC) has said budgeted to invest between $25 billion and $30 billion over the next ten years in an attempt to considerably expand its overseas oil and gas asset base. . The announcement by ONGC heralds a new, more proactive overseas strategy by the Indian government. While neighbouring China has been busy securing both headlines additional resources from abroad , owing to its concern over flattening production from current domestic and overseas operations , India's outbound energy acquisitions have been left some way behind. Tweet this 

PTT Group is expected to turn in another year of robust earnings growth, with net profits at PTT surging over 20 per cent from Bt59.5 billion last year, stock analysts said yesterday. DBS Vickers Securities (Thailand) forecast increases of 26 per cent and 31 per cent in 2010 and 2011 net profits of PTT, on the back of rising oil prices and capacity growth Led by PTT, the earnings of the group, with five subsidiaries and affiliates also contributing, reached Bt95 billion last year 
Share:  <span class="sent"><span class="company">PTT</span> Group is expected to turn in another year of robust earnings growth, with net profits at <span class="company">PTT</span> surging over 20 per cent from Bt59.5 billion last year, stock analysts said yesterday. </span> DBS Vickers Securities (Thailand) forecast increases of 26 per cent and 31 per cent in 2010 and 2011 net profits of <span class="company">PTT</span>, on the back of rising oil prices and capacity growth Led by <span class="company">PTT</span>, the earnings of the group, with five subsidiaries and affiliates also contributing, reached Bt95 billion last year Tweet this 

PTT Group is expected to turn in another year of robust earnings growth, with net profits at PTT surging over 20 per cent from Bt59.5 billion last year, stock analysts said yesterday. DBS Vickers Securities (Thailand) forecast increases of 26 per cent and 31 per cent in 2010 and 2011 net profits of PTT, on the back of rising oil prices and capacity growth Led by PTT, the earnings of the group, with five subsidiaries and affiliates also contributing, reached Bt95 billion last year 
Share:  <span class="sent"><span class="company">PTT Group</span> is expected to turn in another year of robust earnings growth, with net profits at PTT surging over 20 per cent from Bt59.5 billion last year, stock analysts said yesterday. </span> DBS Vickers Securities (Thailand) forecast increases of 26 per cent and 31 per cent in 2010 and 2011 net profits of PTT, on the back of rising oil prices and capacity growth Led by PTT, the earnings of the group, with five subsidiaries and affiliates also contributing, reached Bt95 billion last year Tweet this 

PTT Group is expected to turn in another year of robust earnings growth, with net profits at PTT surging over 20 per cent from Bt59.5 billion last year, stock analysts said yesterday. DBS Vickers Securities (Thailand) forecast increases of 26 per cent and 31 per cent in 2010 and 2011 net profits of PTT, on the back of rising oil prices and capacity growth Led by PTT, the earnings of the group, with five subsidiaries and affiliates also contributing, reached Bt95 billion last year 
Share:  <span class="sent"><span class="company">PTT</span> Group is expected to turn in another year of robust earnings growth, with net profits at <span class="company">PTT</span> surging over 20 per cent from Bt59.5 billion last year, stock analysts said yesterday. </span> DBS Vickers Securities (Thailand) forecast increases of 26 per cent and 31 per cent in 2010 and 2011 net profits of <span class="company">PTT</span>, on the back of rising oil prices and capacity growth Led by <span class="company">PTT</span>, the earnings of the group, with five subsidiaries and affiliates also contributing, reached Bt95 billion last year Tweet this 

PTT Group is expected to turn in another year of robust earnings growth, with net profits at PTT surging over 20 per cent from Bt59.5 billion last year, stock analysts said yesterday. DBS Vickers Securities (Thailand) forecast increases of 26 per cent and 31 per cent in 2010 and 2011 net profits of PTT, on the back of rising oil prices and capacity growth Led by PTT, the earnings of the group, with five subsidiaries and affiliates also contributing, reached Bt95 billion last year 
Share:  <span class="sent"><span class="company">PTT</span> Group is expected to turn in another year of robust earnings growth, with net profits at <span class="company">PTT</span> surging over 20 per cent from Bt59.5 billion last year, stock analysts said yesterday. </span> DBS Vickers Securities (Thailand) forecast increases of 26 per cent and 31 per cent in 2010 and 2011 net profits of <span class="company">PTT</span>, on the back of rising oil prices and capacity growth Led by <span class="company">PTT</span>, the earnings of the group, with five subsidiaries and affiliates also contributing, reached Bt95 billion last year Tweet this 

PTT Group is expected to turn in another year of robust earnings growth, with net profits at PTT surging over 20 per cent from Bt59.5 billion last year, stock analysts said yesterday. DBS Vickers Securities (Thailand) forecast increases of 26 per cent and 31 per cent in 2010 and 2011 net profits of PTT, on the back of rising oil prices and capacity growth Led by PTT, the earnings of the group, with five subsidiaries and affiliates also contributing, reached Bt95 billion last year 
Share:  <span class="sent"><span class="company">PTT</span> Group is expected to turn in another year of robust earnings growth, with net profits at <span class="company">PTT</span> surging over 20 per cent from Bt59.5 billion last year, stock analysts said yesterday. </span> DBS Vickers Securities (Thailand) forecast increases of 26 per cent and 31 per cent in 2010 and 2011 net profits of <span class="company">PTT</span>, on the back of rising oil prices and capacity growth Led by <span class="company">PTT</span>, the earnings of the group, with five subsidiaries and affiliates also contributing, reached Bt95 billion last year Tweet this