Archive | May, 2002

RUSSIA: TotalFinaElf signs agreement with Anglo Siberian Oil Company to enter into the Vankor Permit

France’s TotalFinaElf has signed an agreement with Anglo Siberian Oil Company to enter into the Vankor permit in Siberia, with an option to take an interest in the contiguous North Vankor permit. In a statement, TotalFinaElf said it will acquire 52% of the 59% interest previously held by Anglo Siberian Oil Company in the Vankor […]

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SINGAPORE: Keppel Group says integration efforts bear results with S$50 million contracts

The integration of Keppel Corporation’s offshore and marine businesses has contributed to a US$16 million (S$29 million) swamp barge contract clinched as a result of the synergy of the offshore and specialised shipbuilding divisions. Furthermore, with the integration and Keppel’s sharper focus on specialised shipbuilding, especially support vessels, the offshore and marine group has also […]

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SAUDI ARABIA: SABIC affiliate awards contract to Toyo Engineering

Saudi Arabia’s Al-Jubail United Petrochemical Company (United), a wholly owned affiliate of Saudi Basic Industries Corporation (SABIC) has awarded engineering services, construction and procurement contract of its ethylene glycol plant to Japan’s Toyo Engineering Company. The plant will use scientific design technology from the US. The plant, with the capacity to produce 630,000 metric tones/year […]

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SAUDI ARABIA: J. Ray McDermott awarded turnkey installation contract

McDermott Arabia Company Ltd., a subsidiary of engineering J. Ray McDermott, S.A. has been awarded a turnkey contract by Al-Khafji Joint Operations, a venture between Aramco Gulf Operations Company Ltd. (AGOC) and Arabian Oil Company (AOC), to install a submarine cable and two substations at existing facilities in the Al-Khafji oil field. Financial terms of […]

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PHILIPPINES: Petron Corp deploys Intelligroup’s services to plan, budget and manage upgrade projects

US-based technology group Intelligroup, Inc. said Philippines oil company Petron will implement and deploy its ASPPlus(SM) Power Upgrade Services to size and analyse its SAP upgrade requirements. Petron Corporation, the Philippines’ largest oil refining and marketing company, supplies more than one-third of the country’s oil requirements. To facilitate accurate project, budget and resource planning for […]

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Sun Microsystems In The Deregulating Electricity Market

By T. Mohandoss * Along with risks and uncertainties, the deregulation of electricity markets around the world is creating new business opportunities focused on meeting the needs of customers. A deregulated market throws up new customers, and electricity companies must discover who these potential customers are, and how and what services or products to sell […]

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CHINA: CNOOC Limited confirms oil discovery in Bohai Bay

A consortium comprising CNOOC Limited, ChevronTexaco and Petronas Carigali (the exploration and production arm of Petronas, Malaysia’s state-owned oil company) have confirmed an oil discovery in China’s Liaodong Bay 02/31 Block in Bohai Bay. The appraisal well, LD 27-2-3, which was drilled in 21 meters of water to a total depth of 2,700 meters, encountered […]

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INDIA: J. Ray McDermott prepares for offshore turnkey project

US engineering firm J.Ray McDermott Middle East, Inc, S.A. has begun preparations for a turnkey project for supply of wellhead platforms and submarine pipelines in offshore India. The company is a subsidiary of J. Ray McDermott. The company recently received a letter of intent from Engineers India Limited (EIL) for the engineering, procurement, construction and […]

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