http://www.oilgasupdate.com Energy Exploration, Oil Gas Update, Oil and Gas Stock Market, Trade and Market Future Investments Wed, 07 Jan 2009 09:23:25 +0000 http://backend.userland.com/rss092 en Indonesia's LNG production is projected to decrease by more than 2% in 2009, largely due to a decline in the supply of natural gas to the country's Bontang LNG facility. Indonesian officials said LNG output will fall to 349 cargoes of 125,000 cu m each in 2009 from 359 cargoes in ... http://www.oilgasupdate.com/2009-indonesias-lng-production-decrease-more-than-2.html Indonesia's non-oil-and-gas exports growth is expected to slow this year amid a global economic slowdown, the trade minister said on Tuesday. Non-oil-and-gas exports from Indonesia are expected to grow between 4.3 and 8.0 percent this year, after rising an estimated 18 percent in 2008, Trade Minister Mari Pangestu said. "The slowdown is ... http://www.oilgasupdate.com/indonesia-sees-non-oil-and-gas-export-growth-slowing.html The Wayzata-based oil exploration and production company has signed a letter of intent with an unnamed financial institution. The firm plans to use $15 million in capital for drilling in North Dakota. The additional $10 million in financing would be made available to Northern Oil based on use of the ... http://www.oilgasupdate.com/northern-oil-and-gas-inc-agreement-access-to-25-million-in-debt-financing.html U.S. oil major Exxon Mobil Corp has committed to invest up to $100 million to search for oil and gas in the southwestern Philippines, according to documents from the Department of Energy. Exxon earlier took a 50 percent interest in a contract held by Malaysian exploration firm Mitra Energy Ltd to ... http://www.oilgasupdate.com/exxon-plans-investment-100-in-philippine-basin.html Source: By LYNN COOK and KRISTEN HAYS Copyright 2009 Houston Chronicle The incoming head of BP's U.S. operations said Tuesday that he's committed to developing ongoing projects on the continent but was mum about possible future oil and gas acquisitions in a volatile economy. The company said Tuesday that Lamar McKay will succeed ... http://www.oilgasupdate.com/silent-on-acquisitions-of-new-head-of-bps-us-unit.html Franklin Mining, Inc. executives and consultants from the US and South America are this week meeting with William Petty, Chairman, CEO & President and Franklin's Board of Directors as they begin a review of all properties and pending projects in both the Mining and Oil & Gas divisions of ... http://www.oilgasupdate.com/franklin-mining-and-exploration-oil-gas-projects-for-2009.html Ukraine's government, smarting after Russia stopped gas supplies, said on Tuesday it had ordered regional utilities to start using fuel oil instead of gas. "Regions have been ordered ... to take necessary measures to prepare and move all heat generation companies to work on reserve fuel -- fuel oil," the government ... http://www.oilgasupdate.com/ukraines-start-using-fuel-oil-instead-of-gas.html