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Articles in the ENERGY Category

ENERGY, News

[29 Oct 2009 | No Comment | 3,542 views]
PTTEP sees a net profit of B5.26 bln in Q3, down 60 pct from last year

PTT Exploration and Production Plc (PTTEP) on Tuesday reported a net profit of 5.26 billion baht for the third quarter of this year, falling as much as 60 percent from the same period last year.
According to its report to the Stock Exchange of Thailand, PTTEP, 65 percent owned by Thailand’s oil and gas giant PTT Plc, said the company and its subsidiaries’ total revenues in the third quarter dropped by 27 percent from the same period last year to 30.77 billion baht while total expenses rose by 20 percent to …

ENERGY, News

[26 Oct 2009 | No Comment | 1,557 views]
PTTEP invests $35 M in new offshore block in Australia

PTT Exploration and Production Plc (PTTEP) today announced that its subsidiary had entered into an agreement to buy an exploration licence for AC/P 33 or Oliver block in Timor Sea, northwest of Australia, for US$ 35 million.
Anon Sirisaengtaksin, PTTEP’s chief executive officer, said in the report to the Stock Exchange of Thailand that the company’s subsidiary, PTTEP Australasia (Ashmore Cartier) Pty Ltd, had signed the agreement with Stuart Petroleum Limited and Albers Group for the licence, which is still pending approval from the Australian government and the fulfillment of some …

ENERGY, News

[18 Aug 2009 | No Comment | 4,081 views]
PTT’s Q2 net profit falls 33 pct from low sales prices

Thailand’s oil and gas giant PTT Plc last Friday reported that its net profit during the second quarter of this year fell by 33.4 percent, when compared with the same period last year, to about 19.9 billion baht.
According its report to the Stock Exchange of Thailand (SET), PTT said the fall in quarterly net profit was due mainly to the decrease in sales prices in relation to the decrease in global market prices as the average Dubai price decreased by 49.1 percent from US$ 116.5 per barrel in the …

ENERGY, News

[31 Jul 2009 | No Comment | 3,016 views]
PTTEP sees its Q2 net profit fall 50 pct

Thailand’s PTT Exploration and Production Plc (PTTEP) on Wednesday reported a net profit of nearly 6.5 billion baht in the second quarter of this year, dropping about 50 percent from that of the same period last year.
PTTEP, Thailand’s sole oil and gas exploration and production operator which is a subsidiary of PTT Plc, said the quarterly net profit however rose about 13 percent from about 5.75 billion baht in January-March period of this year.
According to a report to the Stock Exchange of Thailand (SET), PTTEP said its total revenues during …