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Optimistic vision for oil and gas industry
AS THE world heads into the next wave of industrial revolution (Industry 4.0), many are wondering if big data and automation will affect the oil and gas industry.
Plans to transform PNB
Zeti hints on diversification, installing risk management and revamping the organisation
Velesto hopes gov't will ease forex requirement for companies
KUALA LUMPUR: Velesto Energy Bhd hopes the government will loosen the foreign exchange (forex) requirement for local companies on the conversion of the US dollar to ringgit when conducting business with international companies in the upcoming 2019 Budget in November.
Some 350 oil and gas service providers to participate in exhibition
AS THE oil and gas industry worldwide continues its slow recovery with upstream companies increasing production, the midstream and services businesses in Malaysia and the region are expected to benefit from the recovery and play a pivotal role in catalysing regional industry growth.
PNB on its Sapura investment
PETALING JAYA: Permodalan Nasional Bhd (PNB), which has come under scrutiny for supporting a RM4bil cash call by Sapura Energy Bhd, said that it was putting more money into the oil and gas company based on the merits of investments.
Trading ideas: Eita, Gadang, E&O, Velesto Energy, Amway, Perak Transit
KUALA LUMPUR: Eita Resources Bhd, Gadang Holdings Bhd, Eastern and Oriental Bhd (E&O), Velesto Energy Bhd, Amway (M) Holdings Bhd amd Perak Transit Bhd are among the stocks to watch, according to JF Apex Research.
Velesto to shrug off net loss, to pick up in H2 of FY18
KUALA LUMPUR: Oil and gas services company Velesto underperformed CIMB Equities Research’s expectations with a 1H18 core net loss of RM3.8mil, as a result of a 2Q18 loss on weak utilisation versus its small profit forecast.
Petronas launches VDPx to boost O&G firms
KUALA LUMPUR: Petronas has launched VDPx – a new vendor development scheme under the company’s existing Vendor Development Programme (VDP) to boost capabilities of local companies in the oil and gas industry.
Petronas launches new vendor devt scheme with 18 partners
KUALA LUMPUR: Petroliam Nasional Bhd has launched a new vendor development scheme to nurture local entrepreneurs to overcome high-entry barriers to the oil and gas industry and create a pool of vendors who can generate value.
