Asian stock markets were mostly lower this morning as investors registered dismay at the path chosen by the Federal Reserve to try to invigorate the stalled US recovery.

Uganda: PFC Energy, a US oil and gas industry consultant, backed a planned partnership between Tullow Oil Plc, Total SA and China National Offshore Oil Corp to develop Uganda’s oil fields, the East African nation’s presidency said.

Australia LNG said the 25-year contract won by its North West Shelf (NWS) Venture from China National Offshore Oil Corp to supply 3 million tonnes a year of LNG to a terminal being built in Guangdong could be the first step in a wider energy alliance between the two countries.