Archive | April, 2003

INDONESIA: BP announced award of EPC contract for LNG project in Tangguh

BP said a US$1.4 billion engineering, procurement and construction (EPC) contract has been awarded to a consortium comprising Kellogg, Brown & Root, JGC Corporation and PT Pertafenikki Engineering (KJP) for the Tangguh liquefied natural gas (LNG) facilities in Indonesia’s Papua province. Indonesia’s Oil and Gas Implementing Agency (BP MIGAS) oversaw the tender process and agreed […]

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CHINA: Ivanhoe Energy and CITIC strengthen alliance to jointly develop energy projects worldwide

China International Trust & Investment Corporation (CITIC) and Ivanhoe Energy Inc of Canada have signed an agreement to form a global strategic alliance to investigate, explore and develop oil, natural gas, metallurgical coal, liquefied natural gas and gas-to-liquid projects in China and around the world to help supply China’s growing energy requirements. The agreement was […]

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AUSTRALIA: AlintaGas, AMP Henderson agree on Aquila asset split

SYDNEY (AFX-ASIA) – AlintaGas Ltd said it has signed a complex agreement with fund manager AMP Henderson to divide US-based energy company Aquila Inc’s assets in Australia, which include United Energy Ltd’s distribution network. The transactions will be earnings per share (EPS) positive immediately, AlintaGas said in a statement. It has lifted its full year […]

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CHINA: Harbin Power attributes 2002 profit growth to stronger hydropower unit sales

HONG KONG (AFX-ASIA) – Harbin Power Equipment Co Ltd (1133.HK) said its net profit, based on international accounting standards, rose to 37.691 million yuan in 2002 from 21.768 million a year earlier, largely due to strong growth in sales of hydropower units. (US$1=8.28 yuan). Group sales grew to 3.821 billion yuan from 2.860 billion a […]

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