Tuesday, 29 June 2010

Punj Lloyd awards compressor contract for Sabah – Sarawak Pipeline

Zecon Berhad has won a $US7.1 million contract from Punj Lloyd to provide the civil, structural, mechanical, electrical and architectural works, including supplies for buildings, at the Bintulu Compressor Station for the Sabah – Sarawak gas pipeline project.

The Sabah – Sarawak gas pipeline will involve the construction of a 512 km, 26 inch diameter onshore natural gas pipeline from the proposed Sabah Oil and Gas Terminal in Kimanis, Sabah to Petronas’ LNG Complex in Bintulu, Sarawak.

About 90 km of the pipeline will traverse Sabah while 422 km will be located in the state of Sarawak.

Construction of the project is scheduled for completion by March 2011.

Wednesday, 16 June 2010

Sembcorp appoints Mohd Hassan Marican as independent director

Conglomerate Sembcorp Industries on Tuesday said it has appointed a new independent director to its board.

He is Mohd Hassan Marican, the former president and CEO of the Malaysian oil giant Petronas.

Mr Mohd Hassan led Petronas from 1995 until his retirement in February this year.

He takes up his new appointment with Sembcorp from Wednesday.

Sembcorp said Mr Mohd Hassan brings over 30 years of experience in audit, accounting and management.

He currently serves as a Director of International Centre for Leadership in Finance.

He holds a Honorary Doctorate from the University of Malaya and is a Fellow member of the Institute of Chartered Accountants in England and Wales. - http://www.channelnewsasia.com