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BP in asset swap deal with Amerada

BP plc said it agreed to an asset swap deal with Amerada Hess Corp, whereby BP will exchange its 25% interest in block A-18 of the Malaysia Thailand Joint Development Area for Amerada Hess#8217; interests in Colombia.

M’sia financial position strong, says Moody’s

MALAYSIA#146;S improved external financial position and its electronics sector#146;s ability to wea-ther global market volatility are underpinning its I>Baa1/Isovereign credit rating, according to Moody#146;s Investors Service.

RM6.7bil Petronas thrust into N. Africa

PETROLIAM Nasional Bhd (Petronas) is acquiring major oil and gas assets in Northern Africa in a 1.6bil euros (RM6.7bil) deal that would not only give it a significant foothold in the Atlantic Basin liquefied natural gas (LNG) market but also boost its status as a major player in the global LNG industry.

Border dispute hinders Total's work

EUROPEAN oil and gas group Total is hopeful that the Malaysian and the Bruneian governments will be able to settle quickly their border dispute concerning the offshore K and J blocks in the South China Sea, Total chairman and chief executive officer Thierry Desmarest said.

More scholarships up for grabs

Britain's Chevening Scholarship awards, which crossed the 1,000 mark here this year, will see another £1mil (RM6.2mil) allocation for Malaysian recipients under the 2004/05 programme.

Rich get stingy as market dips

Decimated fortunes, bankruptcies, scandals and job losses are just some of the well-known victims of the recent market rout.

Foreign leaders hail Pak Lah's big victory

The United States has congratulated Prime Minister Datuk Seri Abdullah Ahmad Badawi for leading Barisan Nasional to a #8220;very convincing#8221; victory in the general election.

Brothers in arms

i>The Separation/iby Christopher Priest is reviewed by ERNIE YAP.

Briefly

Ramunia expects to list on second board in fourth-quarter

OIL and gas engineering and heavy-fabrication group Ramunia Holdings Bhd will make its debut on the Bursa Malaysia second board in the last quarter of 2004 via the re-structuring and re-listing of Saship Holdings Bhd (SHB).