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SapuraCrest Petroleum Bhd gets $873 mln contract
Malaysian energy services firm SapuraCrest Petroleum Bhd has won a 3 billion ringgit ($873 million) contract from a unit of state oil firm Petronas [PETR.UL], SapuraCrest said on Friday.
The deal came one day after the company won a 200 million ringgit ($58.2 million) oil pipeline contract from the Malaysian unit of U.S. energy giant Exxon [...]
Samudra to start using second drilling rig in Q4
Kejuruteraan Samudra Timur Bhd (KSTB) expects its second land-drilling rig to be operational by the fourth quarter, said executive director Datuk Chee Peck Kiat.
“It will be based in the Middle East or South-East Asia,” he said after the company AGM yesterday. The first unit is currently mobilised in India.
Chee said the second rig [...]
Deleum shares up on bullish O&G sector
Oil support services provider Deleum Bhd, which made an impressive debut on Bursa Malaysia main board last Friday, continued on its winning streak yesterday, with its shares putting on RM1.22, or 29.2%, and closing at the day’s high of RM5.40.
Analysts said the growing demand in the oil and gas (O&G) sector and expectations that [...]
OGA 2007 To Boost Malaysian Oil And Gas Industry
The local oil and gas exploration and production industry is expected to receive a boost from the 11th Asian Oil, Gas and Petrochemical Engineering Exhibition (OGA) 2007 which will held here from June 13 to 15.
The event is expected to draw more than 800 companies from over 50 countries, including the United States, the United [...]
Provenco named ICT Exporter of the Year
Provenco named ICT Exporter of the Year
Almost tripling export turnover in just four years has seen listed technology company Provenco named ICT Exporter of the Year.
Provenco group Limited (NZX:PVO) was named the top exporting company in ICT (information and communication technology) last night at the 2006 New Zealand Trade & Enterprise Export Awards in Auckland.
Rod [...]
Malayawata plans new plant
Malayawata Steel Bhd is looking to set up a RM200mil hot metal iron plant in Prai, Penang, as part of the group’s diversification into producing high-grade engineering steel products.
President Datuk Lim Hong Thye said the group expected to complete a viability study on the new plant by February.
“Construction of the plant, which is [...]
Exxon Mobil exec retiring after lengthy career
An Exxon Mobil Corp. division president is retiring after 36 years with the company.
Philip J. Dingle, 58, president of Houston-based Exxon Mobil Gas & Power Marketing Co., is retiring effective Oct. 1, the company said Wednesday.
The Irving-based oil giant has appointed Andy P. Swiger as the new president of the segment. He will become [...]
Google Earth teams up with UNEP to highlight global environmental hotspots
Internet search giant Google has entered into a partnership with UN Environment Programme (UNEP) under which the company’s popular mapping program, Google Earth will provide the before-and-after satellite images of 100 global environmental hotspots.
The images are being targeted to expose the rampant forest destruction, retreating glaciers and explosive urban growth that is destroying the environment.
Google [...]
Chadian president takes on powerful oil interests to reduce his political isolation
N’DJAMENA, Chad (AP) – President Idriss Deby’s decision to expel two international oil companies and take more control over oil revenues marks the latest effort in Chad’s seemingly never-ending attempts to rewrite the rules governing the country’s young oil industry.
Deby’s actions may be inspired by the example of Venezuela and Mauritania, which have recently re-negotiated [...]
