Archive | February, 2004

IRAQ: Pentagon opens criminal probe of Halliburton unit for overcharging

WASHINGTON (AFX) – The US Defence Department has launched a criminal investigation into allegations that a subsidiary of oil services company Halliburton had overcharged the military for oil delivered to Iraq, a defence official said. “The Defence Criminal Investigative Service, the criminal investigative arm of the Office of the Inspector General, is investigating allegations of […]

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CONFERENCE: Green Trading Summit 3 promises to be best yet

The Third Annual Green Trading Summit in New York will break new ground on environmental trading markets. Speakers from around the world will share their insights on greenhouse gas, renewable energy and energy efficiency trading. Following up on their recent book, “Green Trading,” Peter Fusaro and Marion Yuen, the conference organisers, are offering new topics […]

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AUSTRALIA: Santos has strategy in place for growth Ð CEO

Santos Ltd has armed itself with an arsenal of tools for growth through exploration, project development, gas commercialisation and acquisitions, chief executive John Ellice-Flint told an analysts’ briefing. Speaking after the release of flat A$327 million net profit for 2003, he said Australia’s second largest oil and gas producer after Woodside Petroleum, is poised to […]

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IRAQ: Oil ministry calls for French involvement including Total in oil industry

BAGHDAD (AFX) – France’s oil companies have been invited to a conference to be held in the southern city of Basra, a high-ranking official Iraqi oil ministry official said. “The main French oil companies are invited to an international oil conference organised by our ministry in Basra in mid-April,” spokesman Assem Jihad said. During the […]

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SINGAPORE: Keppel Offshore & Marine secures S$172 million contracts

Singapore-based Keppel Offshore & Marine Ltd (Keppel O&M) said it has secured a total of S$172 million worth of contracts through its wholly owned subsidiaries, Keppel Singmarine Ltd and AMFELS in the US. (US$1=S$1.67). Keppel Singmarine, a specialised shipbuilder, will build four Anchor Handling Tug/ Supply (AHTS) vessels for European based company, Groupe Bourbon and […]

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MALAYSIA: Sumatec gains on diversification plans

KUALA LUMPUR (AFX-ASIA) Ð Shares of Sumatec Resources Bhd have moved up after the company said it plans to diversify into upstream oil and gas activities such as commissioning and chartering vessels, and the power generation business, from its current downstream oil and gas activities, dealers said. They noted the company is planning to venture […]

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