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Corporate News 26 Apr 2016 | 12:20 PM

TNB awards coal shipment contracts worth over RM2bil

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) unit TNB Fuel Services Sdn Bhd has signed five long-term affreightment contracts valued at US$537mil (RM2.11bil) for shipping coal from Indonesia to Malaysia.

Corporate News 09 May 2017 | 10:53 AM

Petronas gets flexible on LNG contracts as supply builds

KUALA LUMPUR: Malaysia's state energy firm Petronas may try shorter-term LNG contracts and smaller cargo sizes to entice buyers, senior company officials said, at a time when it has major contracts coming up for renewal and the market is awash in supply.

Business 21 Apr 2017 | 12:00 AM

MISC bids for contracts

KUALA LUMPUR: MISC Bhd is bidding for contracts and looking to acquire assets in the floating production, storage and offloading (FPSO) sector to diversify its income stream.

Business 19 Feb 2016 | 12:00 AM

Woodside: Asian LNG buyers delay deals amid oversupply

SYDNEY: Woodside Petroleum Ltd, the Australian liquefied natural gas producer, said Asian buyers are delaying signing new long-term supply contracts amid forecasts for a growing glut.

Business 05 May 2014 | 3:37 PM

UMW-OG confident of securing 3 contracts in 2014

KUALA LUMPUR: UMW Oil & Gas Corp Bhd (UMW-OG) is confident of securing at least three contracts in 2014, out of the 20 that it is currently bidding for, said president Rohaizad Darus.

Business 25 Nov 2016 | 9:57 AM

Asian exchanges set to hit the gas on LNG trading

SINGAPORE/TOKYO: Asia may be the world’s biggest consumer of liquefied natural gas (LNG), yet its LNG trading activity is minuscule as no exchange has managed to establish itself as a benchmark. That might be about to change.

Business 20 Dec 2005 | 12:00 AM

Growth prospects remain firm

The maritime industry is seen heading for a downturn in the near future. However, long-term growth prospects for Malaysian International Shipping Corp (MISC) remain firm. The demand for natural gas is almost set to double in 10 years, said MISC CEO Datuk Shamsul Azhar Abbas. Within the country, major investments have been made by Hewlett Packard Malaysia.

Business 09 May 2012 | 12:00 AM

PavREIT profit beats estimates


Business 01 Nov 2014 | 12:00 AM

O&G firms going ahead with spending and plans despite low oil prices

WITH the oil and gas (O&G) sector being one of the crucial sectors for the Malaysian economy and stock market, the downward spiral of oil prices in the last four months have left many jittery.