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Bumi Armada Bhd's subsidiary has secured a US$740mil contract from India's Oil and Natural Gas Corporation Ltd (ONGC) to provide a floating production, storage and offloading vessel.
Finland's Wartsila has secured a major contract to design a series of four multi-purpose platform support vessels (MPSVs) for Bumi Armada Bhd.
KUALA LUMPUR: The Australian Supreme Cout ruled in favour of Woodside Energy Julimar Pty Ltd (WEJ) against Bumi Armada Bhd over a contract to provide floating production storage and offloading services on Sept 30,2011.
KUALA LUMPUR: Affin Hwang Capital research reiterated its buy call on Bumi Armada Bhd with a higher target price of 34 sen on the disposal of FPSO Perdana to Century Energy Services.