Archive | April, 2004

MALAYSIA: Tenaga posts 27.5% rise in first-half pre-tax profit

Malaysia’s largest power company Tenaga Nasional Bhd (TNB) posted a 27.5% increase in pre-tax profit for the six months to end-February, helped by rising electricity demand and falling fuel costs, according to a Business Times report. Its chairman, Amar Leo Moggie, said the company’s pre-tax profit and non-cash items increased to RM1.15 billion, while after-tax […]

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SINGAPORE: Singapore Petroleum unit acquires 10% interest in offshore Vietnam blocks, Technics Group

SINGAPORE (AFX-ASIA) – Singapore Petroleum Company Ltd (SPC) said its wholly-owned subsidiary SPC Vietnam Co Ltd has acquired a 10% farm-in interest in Blocks 102 and 106 Production Sharing Contract located in the Gulf of Tonkin from ATI Petroleum Inc for US$3.5 million. The company said it will participate in exploration for oil and gas […]

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