Archive | October, 2005

THAILAND: Canadoil exports first batch of Thai-made specialised piping spools to Canada

(EnergyAsia, October 31) — Canadoil said it recently successfully shipped the first batch of specialised copper and nickel clad lined piping spools, that will be placed in prefabricated and preassembled process pipe modules to form part of the main interconnecting pipeway of the CNRL Horizon Oil Sands Project in Northern Alberta, Canada, one of the […]

Continue Reading 0

SINGAPORE: SembMarine said Q3 net profit up on strong rig demand

(EnergyAsia, October 31) — Singapore’s SembCorp Marine Ltd, the world’s second-largest offshore oil rig builder after Keppel Corp, said its third quarter net profit jumped 52% to S$32.7 million from year-ago levels on strong demand for rig-building and ship conversion. (US$1=S$1.7). Both companies have enjoyed a spectacular year of growth as a result of high […]

Continue Reading 0

CHINA: Officials relieved at CNPC suucessful takeover of Canada’s PetroKazakhstan

(EnergyAsia, October 31) — To the relief of Chinese officials, China National Petroleum Corporation (CNPC) has completed the takeover of Canada-based PetroKazakhstan Inc. (PK) through its wholly-owned subsidiary CNPCI. Officials were relieved that there was no replay to the drama and political posturing that followed CNOOC’s failed attempt to buy over US independent Unocal a […]

Continue Reading 0

SINGAPORE: Energy Market Authority released annual report for 2004/2005

(EnergyAsia, October 31) — Singapore’s Energy Market Authority (EMA) has released its Annual Report for 2004/2005. Its highlights include update on the progress of implementing competition in the electricity market and measures implemented to enhance efficiency and reliability in the electricity industry.   The state agency said competition has yielded “positive outcomes.” “Competition had led […]

Continue Reading 0

MALAYSIA: MayBan Securities rates energy engineering KNM Group Bhd a “buy”

(EnergyAsia, October 31) — MayBan Securities has maintained its ‘buy’ rating on energy engineering KNM Group, which has announced allocation of RM 120 million on capacity expansion over the next two years. The expansion by 30% annually is aimed at meeting the growing demand for process equipment in the oil and gas, petrochemical and mineral […]

Continue Reading 0

AUSTRALIA: Santos reported record quarterly revenue

(EnergyAsia, October 31) — Australian upstream company Santos Limited has reported record third quarter sales revenue of A$764 million, driven by a 15% year on year increase in production to 14.9 million barrels of oil equivalent. (US$1=A$1.3).   The third quarter revenue was 38% higher than the previous record of A$553 million in the second […]

Continue Reading 0

COMPANY: Exxon Mobil Corp announced record US$9.92 billion net profit for third quarter

(EnergyAsia, October 31) — Exxon Mobil Corporation has reported a whopping net profit of US$9.92 billion for the third quarter, a rise of 75% over the same quarter last year. The impressive result included earnings excluding special items of $8.3 billion ($1.32 per share), an increase of $2,070 million from the third quarter of 2004. […]

Continue Reading 0

AUSTRALIA: Northern Territory announced 49% rise in applications for exploration licences

(EnergyAsia, October 31) — Australia’s Northern Territory state government said it has seen a 49% rise in exploration licence applications since launching its investor and explorer attraction campaign, Top End Secret, this year. The Top End Secret campaign is part of the state government’s $15.2 million Building the Territory’s Resource Base initiative that informs potential […]

Continue Reading 0

Developed by Bowtie