AS if offshore fabrication and marine services company TH Heavy Engineering Bhd doesn’t already have it bad owing to weak oil prices, this week it was told that it would be excluded from participating in future Petroliam Nasional Bhd (Petronas) Carigali Sdn Bhd’s tenders for two years.
The reason being “performance-related issues” with regard to its ongoing contract execution performance for the procurement, construction and commissioning of a gas development project in offshore Sabah, awarded by Petronas.
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