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Business 21 Oct 2013 | 2:46 PM

OSV sector to grow 10% in the next 3 years, says Icon CEO

KUALA LUMPUR: Malaysia's offshore support vessel (OSV) industry is expected to grow by 10% in the next three years, driven by the increase in drilling activities by the oil and gas (O&G) companies.

Business 15 Oct 2013 | 12:00 AM

Icon Offshore aims to raise RM450mil from IPO

KUALA LUMPUR: Offshore support vessel (OSV) provider Icon Offshore Bhd aims to raise about RM450mil from its initial public offering (IPO), targeted for next year, to finance its fleet expansion in the next two years.

Business 14 Oct 2013 | 1:39 PM

Icon Offshore eyes RM450m IPO

KUALA LUMPUR Offshore support vessel (OSV) provider Icon Offshore Bhd aims to raise about RM450mil from its initial public offering (IPO), targeted next year, to fund its fleet expansion programme for the next two years.

Business 19 Aug 2013 | 12:00 AM

Ekuinas steps up outsourcing programme

PETALING JAYA: Ekuiti Nasional Bhd (Ekuinas), the government-owned private equity fund, has selected CMS Opus Private Equity Sdn Bhd, KAF Fund Management Sdn Bhd (KFM) and RM Capital Partners Sdn Bhd as its latest outsource partners, according to industry sources

Business 26 Jul 2013 | 12:00 AM

Tanjung Offshore will undertake a major fund-raising exercise,

PETALING JAYA: Oil and gas (O&G) player Tanjung Offshore Bhd will undertake a major fund-raising exercise, comprising a bond issue and share placement, to acquire a controlling stake in a foreign O&G firm, sources said.

Business 21 Jun 2013 | 2:39 PM

HwangDBS positive on O&G sector

HwangDBS Vickers Research is positive on the oil and gas (O&G) sector as there are increasing contract flows from Petronas to sustain its optimism in the sector.

Business 11 Jun 2013 | 12:00 AM

Tanjung said to be in RM1bil deal to buy controlling stake in foreign firm

PETALING JAYA: Tanjung Offshore Bhd is in the final stages of acquiring a controlling stake in a foreign oil and gas (O&G) company that owns and manages several offshore oil rigs for a price tag of close to RM1bil.

Business 01 May 2013 | 4:13 PM

Ekuinas eyes RM600m investment in high-potential local firms

PETALING JAYA: Government-linked private equity firm Ekuiti Nasional Bhd (Ekuinas) is looking to deploy RM600mil in high-potential Malaysian companies this year, having already committed a total of RM49mil thus far to two private firms.

Business 30 Apr 2013 | 2:12 PM

Ekuinas to invest RM600m this year

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas), the government-linked equity fund management company, plans to invest another RM600mil locally this year to create transformative value for the group's portfolio.

Business 04 Apr 2013 | 12:00 AM

Icon Offshore gets RM90m jobs

KUALA LUMPUR: Icon Offshore Bhd, through one of its units, has been awarded two contracts worth of RM90mil by two production-sharing contract operators.