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Business 03 Nov 2011 | 12:00 AM Premium

US$1.4bil job marks SapuraCrest’s entry as global player

PETALING JAYA:b/b>The US$1.4bil (RM4.4bil) five-year contract that SapuraCrest Petroleum Bhd won from Petroleo Brasileiro SA (Petrobras) signals the arrival of SapuraCrest as an international player while enabling it to bid for more contracts from Petrobras in the future.

Business 01 Nov 2011 | 12:00 AM Premium

Asia faces rocky road in securing energy needs

SINGAPORE, Oct 31 (Reuters) Governments in emerging Asian economies will struggle to secure their rising energy needs as rapidly swelling demand in leading consumers China and India outpaces growth in supplies, which is likely to keep oil prices over $100 a barrel.

Business 01 Sep 2011 | 12:00 AM Premium

Greenpeace blocks oil company's office in Brazil

RIO DE JANEIRO (AP) - Greenpeace activists dressed as oil-covered humpback whales shut down a petroleum services company Wednesday to protest oil exploration near a Brazilian marine national park.

Business 16 Aug 2011 | 12:00 AM Premium

Petrobras says 2Q profits up 32% to $5.2bil

SAO PAULO: Brazil's state-run oil company says its second-quarter profits jumped 32 percent on higher international oil prices.

Business 10 Aug 2011 | 12:00 AM Premium

Apple briefly passes Exxon as most valuable US co.

NEW YORK: Apple briefly surpassed Exxon Mobil on Tuesday as the nation's most valuable company.

Business 09 Aug 2011 | 12:00 AM Premium

SapuraCrest buys Clough marine unit for RM400mil

KUALA LUMPUR: SapuraCrest Petroleum Bhd has acquired Clough Ltd's marine construction and offshore engineering operations in Australia, the UK and the US for A$127mil (RM400mil).

Business 06 Jun 2011 | 12:00 AM Premium

China shops for Latin American oil, food, minerals

CARACAS, Venezuela: Latin America is blessed with a wealth of natural resources such as oil, copper and soy, and needs financing to capitalize on them. China needs commodities to keep its economy growing and has about $3 trillion in reserves to burn.

Business 06 Apr 2011 | 12:00 AM Premium

Cuba, partners to drill 5 Gulf wells this summer

HAVANA: Cuba and partner companies will begin drilling five oil wells in the Gulf of Mexico this summer in hopes of locating enough crude to justify the costly exploration, an official said Tuesday.

World 23 Feb 2011 | 12:00 AM Premium

SPECIAL REPORT - In Africa, can Brazil be the anti-China?

NIMBA-BUCHANAN RAILWAY, Liberia (Reuters) - In the muggy forest of central Liberia, a gang of workers is inching its way along a railway track, cut long and straight through an otherwise impenetrable mesh of trees and vines. The drone of insects is interrupted by a high-pitched drill and the clang of hammers as workers put the finishing touches to the perfectly aligned steel tracks.

Business 02 Feb 2011 | 12:00 AM Premium

Technip-Daewoo group wins Petronas contract

PETALING JAYA: Petroliam Nasional Bhd (Petronas) and its unit, MISC Bhd, have awarded a foreign consortium consisting of French-based Technip SA and South Korean Daewoo Shipbuilding Marine Engineering Co Ltd a key engineering contract for a floating liquefied natural gas (FLNG) unit in Malaysia.