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Property 14 Feb 2015 | 12:00 AM

A moving townhall meeting for Shamsul

IT was a town hall meeting that they knew would be different. For the employees of Petroliam Nasional Bhd (Petronas) who started trickling into the Kuala Lumpur Convention Centre on Monday at about 3pm, they wanted to hear directly from the head honchos on the company’s future direction. And it was not just about oil prices but also the future of the president.

Business 01 Dec 2014 | 8:49 AM

CIMB Research reviewing premimum valuation for oil and gas sector

KUALA LUMPUR: CIMB Research is reviewing its premium valuation but it is keeping its Overweight call on the oil and gas (O&G) sector and its top picks are SapuraKencana among the big caps and Perdana among the small caps.

Business News 11 Oct 2014 | 12:00 AM

Global energy firms need to reassess investments

Making A Point - By JAGDEV SINGH SIDHU
WHEN Petroliam Nasional Bhd (Petronas) made its statements over possible delays in constructing its Pacific North West (PNW) LNG (liquefied natural gas) plant in British Columbia in Canada, it sent a message that the viability of its project was not a unique case.

Corporate News 13 Aug 2014 | 5:30 PM

Petronas Q2 earnings up 38% to RM21b, cautions over weaker oil prices

KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) net profit rose 38% to RM21.06bil in the second quarter ended June 30, 2014 from RM15.26bil a year ago but weaker crude oil prices would weigh on its earnings in the second half.

Business 09 Aug 2014 | 12:00 AM

Period of consolidation awaits sector

THE local oil and gas (O&G) sector looks set to enter a period of consolidation after a slew of major contracts dished out over the past few years propelled stocks to record highs.

Nation 11 Jun 2014 | 12:00 AM

Be brave and take on unexplored frontiers, Malaysians urged

ASHGABAT (Turkmenistan): Malay-sians have been urged to get out of their comfort zone and to be courageous in taking on unexplored frontiers, said Datuk Seri Najib Tun Razak.

Business 31 May 2014 | 6:25 PM

Icon Offshore to raise RM945mil in long-awaited IPO

ICON Offshore Bhd is coming to the market at a price-to-earnings multiple of 18 to 19 times its estimated 2014 earnings – a premium over the sector average of 13 times.

Nation 11 Apr 2014 | 12:00 AM

Malaysia not impervious to external shocks, warns Najib

KUANTAN: Despite Malaysia’s en­­couraging economic performance, the country is not impervious to external shocks that may derail ef­­forts to achieve the desired investment and economic targets, said Prime Minister Datuk Seri Najib Tun Razak.

Business 04 Apr 2014 | 12:00 AM

Petronas' Rapid gets RM89bil investment, one-year delay

PETALING JAYA: Petroliam Nasional Bhd has green-lit its much-awaited final investment decision for the Pengerang Integrated Complex in south Johor with a commitment of US$27bil (RM88.56bil), but the project will start up a year later than expected in 2019.

Business 08 Mar 2014 | 12:00 AM

RSC potential for Uzma

Uzma Bhd could be poised for a banner year in 2014 if the risk service contract (RSC) and enhanced oil recovery (EOR) jobs it is pursuing come to fruition.