ASIANENE

** Asian Energy Services ASIE.NS climbs 2.4% to 396.95 rupees

** Upstream energy services provider wins contract worth 2 bln rupees ($23.6 million) to build and operate compressor stations for Assam Gas Company's pipelines for three years

** Says first compressor to be completed in Q4 FY25 and will earn 820 mln rupees in first year of contract

** Stock, which was down 1.6% before news, climbed as much as 5.2% after announcement

** Over 500,000 shares traded, 2.4x the 30-day avg

** ASIE gains 42% YTD

($1 = 84.8960 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of India's Asian Energy Services ASIE.NS drop 3% to 364.5 rupees

** Co, which provides services to energy and mining cos, said on Friday that ONGC ONGC.NS has put co on "holiday" for two years

** Adds, will not participate in any tender with ONGC in this period

** ONGC up ~2% on the day

** ONGC's order "on certain technical grounds"; co taking steps to protect its interest, ASIE adds

** On Friday, ASIE logged its third straight weekly loss

** YTD ASIE up 34%

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 27 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• APPROVED TO RAISE UP TO 1.6 BILLION RUPEES VIA PREFERENTIAL ISSUE OF WARRANTS

Source text for Eikon: ID:nBSEc8SlPT

Further company coverage: ASIE.NS

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By Julia Payne

BRUSSELS, Aug 2 (Reuters) - Global energy trader Vitol has agreed to acquire Hong Kong-based Noble Resources Trading Ltd, the company said in a statement on Friday, in a deal intended to expand its coal trading business.

The deal is expected to close before the end of this year for $0.63 per share, or $208.9 million. Newly acquired Noble will initially be run as a standalone entity.

Noble was a major trading firm listed in Singapore with a market capitalisation of $6 billion in 2015 before questions over its accounting practices plunged the firm into crisis and triggered a fire sale of its various business units.

Geneva-based Vitol bought Noble's U.S.-focused oil unit in 2018 while rival trader Mercuria bought Noble's U.S. gas and power arm.

Noble trades 35 million tonnes of thermal coal per year and is a leader in metallurgical coke and coal, which fits in to Vitol's push into metals. Noble also trades some refined oil products.

“I am delighted at the prospect of the very experienced teams at Noble Resources joining Vitol and very much look forward to growing the business together," Mike Muller, CEO of Vitol Asia, said in the statement.

Vitol is the world's biggest oil trader, moving over 7 million barrels per day. In recent years, the company posted strong profits on the back of market dislocations across commodities created by the COVID-19 pandemic, Russia's war in Ukraine and Europe's energy crisis.

In 2023, the company made a profit of $13 billion and paid out $6.4 billion to its employee shareholders.

(Reporting by Julia Payne in Brussels
Editing by Matthew Lewis)

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June 18 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• ASIAN ENERGY SERVICES LTD - SECURES 1.48 BILLION RUPEES CONTRACT

• ASIAN ENERGY SERVICES LTD - SECURES CONTRACT FOR COAL EVACUATION SYSTEM

Source text for Eikon: [ID:]

Further company coverage: ASIE.NS

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June 13 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• RECEIVES LETTER OF AWARD WORTH 377.1 MILLION RUPEES

• LOA FOR 3D SEISMIC DATA ACQUISITION, PROCESSING SERVICES FOR SUNPETRO’S FIELDS/BLOCKS IN GUJARAT

Further company coverage: ASIE.NS

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May 3 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• ASIAN ENERGY SERVICES LTD MARCH-QUARTER CONSOL NET PAT 145.7 MILLION RUPEES VERSUS LOSS 65.5 MILLION RUPEES

• ASIAN ENERGY SERVICES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.19 BILLION RUPEES VERSUS 286.9 MILLION RUPEES

Source text for Eikon: ID:nBSE4DHW3b

Further company coverage: ASIE.NS

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March 14 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• SECURES LETTER OF INTENT FROM HARDY EXPLORATION & PRODUCTION (INDIA)

• PROJECT BASE SCOPE IS VALUED AT APPROXIMATELY 480 MLN RUPEES

Source text for Eikon: ID:nBSE66bnVg

Further company coverage: ASIE.NS

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** Shares of Asian Energy Services ASIE.NS up 2.8% at 318.7 rupees

** Stock rose as much as 5% earlier in the session to hit intraday high

** Co, JV partner win order worth 2.5 billion rupees ($30.2 million) from Central Coalfields, unit of Coal India COAL.NS

** Stock eyes fifth straight weekly gain

** More than 106,000 shares change hands by 1:09 p.m. IST, 1.3x 30-day avg

** So far stock has risen 18% YTD after a ~271% surge last yr

($1 = 82.9320 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Jan 12 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• SECURES NEW CONTRACT FROM EASTERN COALFIELDS

• PROJECT VALUED AT 219 MILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: ASIE.NS

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July 5 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• APPROVAL OF ACQUISITION OF 50% PARTICIPATING INTEREST IN THE OIL AND GAS FIELD SITUATED AT INDRORA, GUJARAT

• INDIA GOVT APPROVED ACQUISITION OF 50% PARTICIPATING INTEREST TRANSFER OF INDRORA BLOCK TO CO

Source text for Eikon: ID:nNSE8Cxdz3

Further company coverage: ASIE.NS

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June 30 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• APPROVED ISSUANCE OF CONVERTIBLE EQUITY WARRANTS AGGREGATING TO 854.3 MILLION RUPEES

Source text for Eikon: ID:nBSE79gqY1

Further company coverage: ASIE.NS

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** Shares of Asian Energy Services ASIE.NS rise as much as 5% to 131.35 rupees, its largest intraday pct gain since March 22

** Co said on Monday that it will consider raising funds via the issue of shares or securities or convertible warrants on a preferential basis

** Board meeting to consider fundraise on June 30

** Stock on track to rise for second straight session, if gains hold

** Nearly 53,000 shares change hands as of 11:21am IST, half the 30-day moving average

** Stock up 80.2% from last year

(Reporting by Varun Vyas in Bengaluru)

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June 26 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• TO CONSIDER FUND RAISING VIA ISSUE OF SHARES OR SECURITIES OR CONVERTIBLE WARRANTS ON PREFERENTIAL BASIS

Source text for Eikon: ID:nBSE7mTD6Z

Further company coverage: ASIE.NS

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May 24 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• NAMES KAPIL GARG AS MD

• CEO ASHUTOSH KUMAR RESIGNS

Source text for Eikon: ID:nBSE52QRtk

Further company coverage: ASIE.NS

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April 27 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• ACQUIRES 50% PARTICIPATING INTEREST IN THE INDRORA OIL & GAS FIELD, GUJARAT

• AIM TO SCALE UP PRODUCTION OF FIELD TO OVER 300 BOEPD BY THE END OF CALENDAR YEAR

• FORAYS INTO UPSTREAM OIL & GAS PRODUCTION BUSINESS WITH THIS ACQUISITION

Source text for Eikon: [ID:]

Further company coverage: ASIE.NS

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