Search Results
Hassan on Petronas’ future plans
Petronas president Tan Sri Hassan Marican, in a separate interview with Azam Aris and Surin Murugiah from The Edge Financial Daily after announcing its financial results for the year ended March 31, 2007, provides an insight into the company’s operations and future plans. Here are excerpts of the interview:
FD: Another record profit year for Petronas. [...]
Proposed $14 Billion Oil Pipeline Across Malaysia Could Cut Costs, Avoid Piracy Risks
A proposed oil pipeline project to pump oil across northern Malaysia — bypassing the Malacca Strait — could lower transportation costs and avoid risks of pirate attacks on tankers, Deputy Prime Minister Najib Razak said Tuesday.
The proposed 50 billion ringgit (US$14.2 billion; euro10.6 billion) project would involve building a 320-kilometer (200-mile) pipeline across northern Malaysia, [...]
Cairn aims to raise $1.4bn in launch of India’s biggest IPO
India’s biggest initial public offering starts today when Cairn Energy, the British oil and gas exploration company, launches its Indian subsidiary.
Nearly 329 million shares in Cairn India, or 18 per cent of the equity, go on sale to Indian investors in a high-profile launch expected to be heavily oversubscribed. The offer, which closes on Friday, [...]
Investors on e-mission to China
China stands to benefit from the booming global greenhouse-gas market. Foreign investors are flocking to pay Chinese energy companies and factories to reduce pollution instead of spending far more to cut emissions at home.
Initially skeptical of the carbon-trading market, worrying that it would allow richer nations to pay their way out of obligations to reduce [...]
Korea needs to prepare for global LNG war
What is it? Where does it come from? Korea recently celebrated its national Independence Day, but how can Korea provide for its own energy independence given that we as a nation are energy resource poor? Korea uses nuclear, hydropower, coal, oil and natural gas as its five primary forms of energy.
Every part of Korean life [...]
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 [...]
CLP seeks overseas gas amid challenge from Sinopec
CLP, the larger of Hong Kong’s two electricity producers, said it is in talks with potential suppliers in Australia, Indonesia, Malaysia and the Middle East to purchase natural gas, but has no plans to sign a contract with state oil firm Sinopec for supplies.
CLP, the larger of Hong Kong’s two electricity producers, said it is [...]
