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Business

Moody's warns US, Europe countries on rising costs

NEW YORK: Moody's is warning the U.S., France, Germany and the United Kingdom that they need to better control the rising costs of pensions and health care subsidies.

Business

UMW in drilling services deal

KUALA LUMPUR: UMW Standard Drilling Sdn Bhd, a wholly-owned subsidiary in the UMW Group, has entered into a drilling services assistance agreement with PT Harmoni Drilling Services and PT Isis Megah.

World

Libya orders U.S. diplomat to leave - reports

ALGIERS (Reuters) - Libya has ordered a diplomat at the United States embassy in Tripoli to leave the country within 24 hours for breaching diplomatic rules, two Libyan newspapers reported on Sunday.

Business

Charter rates for rigs rise on demand

PETALING JAYA: Charter rates for drilling rigs are rising if the contract value for the provision of a semi-submersible rig by UMW Holdings Bhd to Petronas Carigali Sdn Bhd is anything to go by.

Business

Is UMW’s good O&G run ending?

UMW Holdings Bhd's promising performance in the oil and gas (OG) industry hit a snag when its OG division suffered losses in the first and second quarters of the year mainly hampered by weak demand.

Business

Briefly

Business

UMW to beef up O&G division

SHAH ALAM: UMW Holdings Bhd is looking at consolidating its oil and gas (OG) division and may consider mergers and acquisitions again only after a year or so, according to president and group chief executive officer Datuk Abdul Halim Harun.

Business

SapuraCrest wins RM420m oil jobs

PETALING JAYA: SapuraCrest Petroleum Bhd has been awarded RM420.35mil worth of contracts by Carigali Hess Operating Co Sdn Bhd, Carigali PTTEPI Operating Co Sdn Bhd and Seadrill UK Ltd.

Business

UMW secures US$183mil contract from HESS

PETALING JAYA: UMW Holdings Bhd has secured a US$183.12mil (RM584mil) contract from HESS (Indonesia-Pangkah) Ltd for the provision of its NAGA 2 rig and drilling services.

World

Palin fundraising success stirs 2012 speculation

WASHINGTON (Reuters) - Republican Sarah Palin has raised more than $865,000 in political contributions over the past three months, fueling speculation the former vice presidential nominee could be readying a 2012 White House bid, experts said on Monday.