(EnergyAsia, March 1) — Australia’s Origin Energy Limited and New Zealand’s Contact Energy Limited said they have agreed to merge, creating Australasia’s largest integrated energy group with a combined market capitalisation in excess of A$7 billion. (US$1=A$1.33). The agreement is subject to regulatory, Court and shareholder approval. The merger will occur by way of...
(EnergyAsia, March 1) — Triple Point Technology, a leading global supplier of cross-industry software platforms for the supply, trading, marketing and movement of commodities, said that Dubai-based Coal and Oil Company (CNO) has selected its Commodity XLTM and PhysOps ‘Visual Cockpit’ for trading, risk management and logistics operations. “Triple Point provides the most advanced...
(EnergyAsia, March 1) — GAIL India Limited said it is examining an opportunity to build and operate a gas processing facility and associated pipeline system for transporting and marketing coal seam gas and coalbed methane (CBM) to customers in Queensland in Australia. Australian Stock Exchange-listed Arrow Energy has asked GAIL to set up a...
(EnergyAsia, March 1) — Signaling a rapid advancement in its fuel cell vehicle technology, American Honda Motor Co said it will begin production in Japan of its next generation FCX hydrogen powered fuel cell vehicle (FCV) in three to four years. The FCX Concept vehicle, unveiled four months ago and displayed at the recent North...
(EnergyAsia, March 1) — Japanese trading house Marubeni said it has signed an agreement with Pioneer Natural Resources Company, one of the large listed US independent oil and gas companies, to acquire working interests in multiple oil and gas assets in the Gulf of Mexico including several producing and developing fields and various exploration blocks....
(EnergyAsia, March 1) — Malaysia-listed UMW Berhad is a ‘buy’, said MayBan Securities, citing the ‘pleasant surprise’ of contribution from the company’s oil and gas earnings. The engineering firm reported above-expectations for 2005, with net profit 21.3% above MayBan’s estimates of RM227.6 million and 14.4% above consensus estimates of RM241.5 million. (US$1=RM3.7). UMW will...
(EnergyAsia, March 1) — US-based Delta Mutual Inc, a specialist in energy recovery and construction services through environmentally-friendly technologies and products, said it has started up the company’s first permanent oil sludge processing facility in Indonesia through its Delta-Envirotech subsidiary’s local joint venture, PT. Tryhuda-Envirotech. The initial unit is processing oil sludge under a...