MISC Bhd is buying back the 50% equity interest in Gumusut-Kakap Semi-Floating Production System (L) Ltd, which owns and leases Asia-Pacific’s first deepwater semi-submersible floating production system (semi-FPS), from sister company Petronas Carigali Sdn Bhd for US$445mil (RM1.9bil) in cash. The energy shipping giant had sold the 50% stake to Petronas Carigali’s unit E&P Venture Solutions Co Sdn Bhd at cost in December 2012 for US$305.7mil (RM1.3bil). Read more
Petronas Gas Bhd earnings rose to nearly RM2bil in the financial year ended Dec 31, 2015 boosted by a one-off recognition of deferred tax asset while it expects its agreements and utilities to underpin its steady performance for 2016. It announced a dividend of 17 sen per share compared with 15 sen a year ago. For FY15, the total dividends were 60 sen compared with 55 sen a year ago. Read more
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