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O&G decommissioning works in big demand

PETALING JAYA: As more oil and gas (O&G) fields in Malaysia and the region approach the end of their lifespan, the demand for decommissioning works is set to surge.

Eye On Stock: Petra Energy

PETRA Energy Bhd (code: 5133) continued its recovery on Friday, gapping up at the opening bell as it headed towards the overhead 100-day simple moving average (SMA).

KLCI closes lower, ringgit weakens against US$

KUALA LUMPUR: Petronas Chemical, Axiata and Tenaga Nasional dragged the FBM KLCI into the red at the close on Wednesday as investors decided to take some money off the table due to the US-China trade conflict.

Trading ideas: Petra Energy, EG Industries, Hartalega, TH Heavy

KUALA LUMPUR: Petra Energy Bhd, EG Industries Bhd, Hartalega Holdings Bhd and TH Heavy Engineering Bhd are among the stocks to watch on Wednesday, according to JF Apex Research.

Petra Energy posts RM1.7mil profit in Q1

KUALA LUMPUR: Oil and gas contractor Petra Energy Bhd said higher work order flow and increased vessel utilisation rate boosted its profits in the first quarter.

Sarawak O&G players set to gain under Petros

PETALING JAYA: Sarawak oil and gas players are set to benefit as the state transitions into the new administration of its oil resources under Petroleum Sarawak Bhd (Petros), with plans to increase local participation in the industry.

Dr M: STS plan will boost economic growth

PUTRAJAYA: The proposed Ship-to-Ship (STS) transfer hub project in Johor Baru will be a major boost to Malaysia’s economic growth, says Prime Minister Tun Dr Mahathir Mohamad.

Oil stocks run out of gas

PETALING JAYA: The strong recovery enjoyed by oil and gas (O&G) stocks since the start of the year seems to have come to an abrupt halt.

Quick take: Petra Energy continues uptrend, jumps 18% in early trade

KUALA LUMPUR: Shares of Petra Energy Bhd continued to gain ground in early trade Monday.

Quick take: Petra Energy shares hit limit-up, rallies 71%

KUALA LUMPUR: Petra Energy Bhd shares hit limit-up in early trade Monday, as investors reacted positively to its its fourth quarter ended Dec 31, 2018 results.