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News Ticker

• Sigit Product Ltd. has acquired Flowstar Inc Effective January 5, 2010, Sigit Products Ltd. has acquired the assets, customer base and key personnel of Flowstar Technologies Inc.
• Kuwait, Indonesia to invest $9 billion in refinery Indonesia’s state-owned PT Pertamina and Kuwait Petroleum Corp. plan to invest $9 billion in a joint venture 300,000 b/d refinery in Balongan, West Java.
• Inpex to begin building Indonesia's Abadi Field FLNG plant Indonesia's petroleum industry overseer BPMigas has advised that Inpex Corporation is expected to commence construction of the US$10 billion floating liquefied natural gas (LNG) plant in the Timor Sea next year.
• AED drilling Indonesia's South Madura test well ED Oil's exploration well Gigir East-1 in its South Madura Project onshore Indonesia's Java Sea Madura Island was spudded on 30 July and is drilling ahead.