Archive | September, 2004

Shell to invest RM50 million to upgrade 50 car maintenance outlets

Shell Malaysia said it will be investing RM50 million to upgrade 50 of its automotive outlets over the next three to four years. (US$1=RM3.8).             Sam Hanna, general manager of Shell autoserv Malaysia, said that on average, the company would spend about RM1million on each new outlet including refurbishment, fittings and stocks.             “It is […]

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GAIL inks pact with Gasunie of the Netherlands

GAIL (India) Limited has signed a Memorandum of Understanding with Gasunie Engineering BV, Netherlands to co-operate in the fields of engineering trading, training, research and development, pilot projects and providing energy solutions to industrial customers. The MoU was recently signed by B S Negi, GAIL’s planning director and Jaap Althuis, Gasunie’s commercial director in New […]

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Egcomp keen to buy a stake in Laotian power plant

Thailand’s second-largest private electricity producer, Electricity Generating plc (Egcomp), said it will hold talks to acquire a stake in Laos’ Hongsa lignite power plant project next year, according to a Business Day report. Egcomp wants to increase its electricity production capacity. It has chosen to buy a stake in a foreign country’s power plant because […]

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GAIL opens subsidiary company in Singapore

India’s gas company, GAIL (India) Limited, has set up a wholly- owned subsidiary company – GAIL Global (Singapore) Pte Ltd – in Singapore, for making investments overseas. The company is in the midst of acquiring a 15% equity stake in Egypt’s National Gas Company (Natgas) – one of the largest privately-owned companies distributing natural gas […]

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Origin Energy and JV partners to sue Clough Engineering over BassGas project delays

Australian upstream company Origin Energy said it and the other joint venture participants plan to seek liquidated damages from the EPIC contractor, Clough Engineering Limited, for “significant” delays in the completion of the BassGas project in Victoria state. Liquidated damages are payable by the contractor for each day that Separable Portion 3 of the contract […]

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Chinese Petroleum Corp to open new NT$10 billion logistics center next year

Taiwan’s state-run Chinese Petroleum Corp will open a NT$295 million logistics center next year and invest NT$10 billion (US$1 = NT$33.9) to build ships to transport crude oil, naphtha, and chemical materials, according to the CENS news service. The logistics center will act as the company’s global trading platform with the assistance of a shipping […]

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MPA provides update on bunker industry

The Maritime and Port Authority of Singapore (MPA) unveiled Singapore’s bunkering performance at a major industry event last year. It said a total of 20.8 million tonnes of bunkers were supplied to ships in Singapore, eclipsing the previous record of 20.35 million tonnes set in 2001. The MPA also gave an update on Singapore’s accreditation […]

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