Archive | August, 2005

COMPANY: Wood Group wins multi-year contracts with JVPC Vietnam and Premier Oil Indonesia

(EnergyAsia, August 31) — Wood Group Production Facilities (Asia Pacific), part of UK’s John Wood Group PLC, said it recently won two multi-year, turbo-machinery operations and maintenance contracts. Premier Oil Indonesia awarded the Wood Group a one-year renewable service contract for offshore rotating equipment, including the provision of on-site rotating equipment engineers. In Vietnam, the […]

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CONFERENCE: Speakers line-up for APPEC in Singapore on September 19-21

(EnergyAsia, August 31) — The theme of this year’s APPEC conference to be held at the Raffles City Convention Centre in Singapore on September 19-21 is “High Oil Prices: Fundamentals vs Financials”.             The opening address will be delivered by Vivian Balakrishnan, Singapore’s Minister for Community Development, Youth and Sports and the Second Minister for […]

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KAZAKHSTAN: Nelson Resources limited reports continued growth in production and revenue and addition

(EnergyAsia, August 31) — Nelson Resources Limited, an independent exploration and production company in Toronto, Canada with operations in Kazakhstan, has released its results for the six months ended June 30.   Its net profit increased nearly 10 times to C$60.1 million compared with C$6.6 million from a year ago. Oil revenue rose 191% to […]

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MALAYSIA: MayBan reiterates ‘buy’ for Scomi Group Bhd

(EnergyAsia, August 31) — MayBan Securities has reiterated its buy rating for Malaysian oil services company Scomi Group, after proclaiming the company’s second quarter financial results came within expectations.   Scomi’s second quarter turnover rose by 12.4% quarter-on-quarter while net profit declined 14% due to negative goodwill adjustment in the first quarter.   MayBan said: […]

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INDIA: IOC and state oil firms clinch ethanol supply deal

(EnergyAsia, August 31) — Indian Oil Corporation Ltd (IOC), acting on behalf of the country’s other state oil companies, has signed an agreement to purchase ethanol from sugar mill companies for use as a blendstock in their gasoline pools, Indo-Asian News Service reported.             Under the deal, Indian Sugar Mills Association (ISMA) will supply some […]

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