Hydro’s oil and gas activities to merge with Statoil

The Board of Directors of Hydro and Statoil have agreed to recommend to their shareholders a merger of Hydro’s oil and gas activities with Statoil. This will make the Norwegian company the world’s largest offshore operator with a presence in nearly 40 countries. It is only the oil and gas activities of Hydro that will be merged with Statoil. Hydro’s aluminium business in South East... 

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Retail Petroleum Players Set To Compete For Growth

Retail petroleum players are set to compete for growth in their efforts to increase market share in a more challenging environment. In the pursuit to improve revenue and profit, the players are focused on building customer loyalty at the petrol stations and increasing operational efficiency to reduce cost and optimise uptime. In concentrating on customer service and productivity, they also are turning... 

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Scomi Marine set for a coal lift

Scomi Marine Bhd’s increase in coal-carrying capacity by 76% in Indonesia should translate into an equivalent earnings contribution in the coming quarters, barring unforeseen circumstances, said chief financial officer Loong Chun Nee. She was referring to Scomi Marine taking delivery of 13 new vessels that serve its Indonesian operations along the Barito River in Southern Kalimantan. The vessels,... 

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