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KUALA LUMPUR, March 15 (Bernama) -- The government’s RM1.1 billion investment in Sapura Energy Bhd (SEB) is a crucial lifeline for vendors grappling with severe cash flow challenges due to outstanding payments, amounting to approximately more than RM10 million, offering a much-needed boost to the local oil and gas ecosystem.
KUALA LUMPUR, March 10 (Bernama) -- Bumi Armada Bhd shares rose in early trade after the group secured two contracts worth a total of RM578.4 million from India's state-owned oil company Oil and Natural Gas Corporation Ltd (ONGC).
KUALA LUMPUR, March 7 (Bernama) -- Bumi Armada Bhd has secured two contracts worth a total of RM578.4 million from India's state-owned oil company, Oil and Natural Gas Corporation Ltd (ONGC).
KUALA LUMPUR, Feb 26 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) expects Petroliam Nasional Bhd (Petronas) to maintain its capital expenditure (capex) at RM50 billion or higher in the financial year 2025 (FY2025).
KUALA LUMPUR, Feb 24 (Bernama) -- RHB Investment Bank Bhd (RHB IB) is positive on MISC Bhd, citing its steady operating cash flow and solid balance sheet, which position it well to pursue growth opportunities in the floating production storage and offloading (FPSO) market.
KUALA LUMPUR, Feb 21 (Bernama) -- Vortexa, a global energy and freight market analytics provider, has launched Anywhere Freight Pricing, the first-ever port-to-port freight pricing platform for energy trading.
KUALA LUMPUR, Feb 21 (Bernama) -- MISC Bhd’s net profit for the financial year ended Dec 31, 2024 (FY2024) declined to RM1.19 billion from RM2.12 billion registered in 2023.
KUALA LUMPUR, Feb 21 (Bernama) -- Semarak Renewable Energy Sdn Bhd (SeRenE) has inked a memorandum of agreement (MoA) with Megamas Resources, a Singapore-based marine and offshore services provider, to establish a new joint venture company, Semarak MIS Sdn Bhd.
KUALA LUMPUR, Feb 20 (Bernama) -- Marine & General Bhd’s (M&G) an indirect wholly owned subsidiary, M&G Tankers Sdn Bhd, has completed the disposal of its vessel JM Sutera 6 for US$7.10 million (RM31.54 million) to Thailand-based company Lion Great Energy Co Ltd.
GEORGE TOWN, Feb 19 (Bernama) -- Penang Port continued its excellent performance in cargo handling in 2024, handling 32.33 million freight weight tonnes, an increase of 0.77 per cent.
KUALA LUMPUR, Feb 10 (Bernama) -- Keyfield International Bhd’s wholly owned subsidiary, Keyfield Offshore Sdn Bhd, has accepted a work order award (WOA) in December 2024 and a work order extension (WOE) in November 2024, issued by Petronas Carigali Sdn Bhd.
KUALA LUMPUR, Jan 31 (Bernama) -- Analysts are divided in their outlook for Malaysia’s oil and gas (O&G) sector following the release of the Petronas Activity Outlook (PAO) 2025-2027, which forecasts a general reduction in upstream activities and a focus on maintenance services.
