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Icon secures RM12.7m contract for vessel charter

KUALA LUMPUR: ICON Offshore Bhd's wholly owned subsidiary Icon Offshore Group Sdn Bhd has secured a RM12.7mil contract from Carigali Hess Operating Company Sdn Bhd for the provision of an anchor handling tug supply vessel.

Maybank Research retains sell on Icon Offshore

KUALA LUMPUR: Maybank Investment Bank Research is retaining its sell call on Icon Offshore with an unchanged target price versus its last traded price of 12 sen based on 0.9 times enterprise value/ replacement value.

Murphy Oil nearing deal to sell Malaysian oil, gas assets to PTTEP

HONG KONG/SINGAPORE (Reuters): Murphy Oil Corp is nearing a deal to sell its Malaysian oil and gas assets to Thailand's PTTEP PCL, people familiar with the matter said, in the latest energy M&A transaction in the Southeast Asian nation.

Advantage Lithium CEO charged in college admissions scandal

BUENOS AIRES (Reuters) - The chief executive of Advantage Lithium Corp, which is developing lithium projects in Argentina, has been arrested by U.S. authorities as part of a sweeping college admissions scheme that has ensnared dozens of high-profile people.

Quick take: Alam Maritim shares up 4%, bags RM40mil contract

KUALA LUMPUR: Alam Maritim Resources Bhd is up 4% in early trade Tuesday in response to the award of a RM40mil contract to provide underwater inspection services.

Trading ideas: Alam Maritim, KNM, Protasco, Zelan

KUALA LUMPUR: JF Apex Research expects Alam Maritim Resources Bhd, KNM Group Bhd, Protasco Bhd and Zelan Bhd to be among the stocks to watch on Tuesday.

German court stops trial of former death-camp guard

MUENSTER, Germany (Reuters) - The trial in Germany of a 95-year-old former guard at a Nazi death camp has been stopped because of the defendant's health problems, likely ending one of the last such prosecutions linked to the Holocaust.

Sapura Energy rises after bagging RM760mil contracts

PETALING JAYA: The cyclical upturn in the oil and gas sector has seen Sapura Energy Bhd starting off steady with positive analyst recommendations and a rise in its stock price.

Kenanga upgrades Sapura Energy to outperform, TP of 34 sen

KUALA LUMPUR: Sapura Energy's new contract wins and extensions of RM760mil brought its year-to-date wins to about RM9bil and order book to about RM19bil, marking their highest in over two years.

Alam Maritim rises after winning job from Hess

PETALING JAYA: Alam Maritim Resources Bhd rose 6.25%, or 0.5 sen, to 85 sen in early trading after its unit secured a five-year contract for the provision of pan-Malaysia underwater services for petroleum arrangement contractors from Hess Exploration and Production Malaysia BV.