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UMW Oil & Gas clinches another drilling contract

14 March 2017

KUALA LUMPUR: UMW Oil & Gas Corp Bhd (UWM-OG), whose net loss swelled to RM1.19bil last year partly due to idling assets, has secured a letter of award from Petrofac (Malaysia-PM304) Ltd for the provision of drilling rig services.

Worst over for banks, O&G firms?

4 March 2017

BANKS and oil and gas companies made record provisions for bad debts in 2016 and have probably seen the worst in this aspect, at least for now.

UMW Holdings hit by O&G-related asset impairment, provisions

27 February 2017

KUALA LUMPUR: UMW Holdings Bhd, hit by massive operating losses at its listed and non-listed oil & gas (O&G) businesses, had one of its worst-performing years in 2016 with a loss attributable to shareholders of RM1.69bil.

Major draw for investors

23 February 2017

KUANTAN: Pahang successfully secured RM56.4bil in domestic and foreign investments last year, creating 52,169 job opportunities.

Gradual earnings recovery seen for UMW in FY17

22 February 2017

KUALA LUMPUR: UMW Holdings Bhd is expected to incur major impairment related to its oil & gas assets in the upcoming 4Q16 results as part of the group’s initiative to exit the business.

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