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Kenanga sees Bumi Armada doubling earnings in two years
PETALING JAYA: Bumi Armada Bhd is expected to double its earnings in the next two years with the commencement some of its floating production, storage and offloading vessels (FPSOs) that are currently under conversion, according to Kenanga Research.
Armada Kraken seen as a boost for Bumi Armada
PETALING JAYA: Bumi Armada Bhd expects the Armada Kraken floating production, storage and offloading unit (FPSO), which achieved first oil last week, to boost the performance of the company
Cut in earnings forecast affects Bumi Armada, shares fall 21 sen
PETALING JAYA: Shares in Bumi Armada Bhd lost a-fifth of its value after analysts slashed their earnings forecast on news that a client had terminated a contract involving one of its floating production, storage and offloading (FPSO) vessels.
Bumi Armada unit gets RM4.8bil facility
PETALING JAYA: Oil and gas services provider Bumi Armada Bhd’s wholly-owned subsidiary, Armada Cabaca Ltd, has secured a syndicated facility worth US$1.12bil (RM4.8bil).
Bumi Armada unit signs RM1bil financing facility for FPSO ops in Vietnam
KUALA LUMPUR: Bumi Armada Bhd, via its subsidiary Armada TGT Ltd, has signed loan agreements worth US$341.1mil (RM1.08bil) with seven banks to fund the conversion, installation and deployment of its floating production, storage and offloading (FPSO) vessel Armada TGT 1 in Vietnam.
Liquidity risk still hovers over Bumi Armada
BUMI Armada Bhd’s tight liquidity situation is seen as a setback for the company in expanding its business and taking on new contracts.
Billionaire Ananda Krishnan's Bumi Armada near RM2bil loan deal
KUALA LUMPUR: Malaysian billionaire T. Ananda Krishnan’s Bumi Armada Bhd is nearing an agreement for a loan of around RM2.034bil, sources said, in a deal that will give the embattled energy firm more time to restructure.
CIMB Research expects Bumi Armada’s debt issues to be resolved in Q1 of 2019
KUALA LUMPUR: CIMB Equities Research expects Bumi Armada Bhd’s debt issues to be resolved in Q1 2019
More impairments for Bumi Armada
PETALING JAYA: Bumi Armada Bhd, the oil and gas company controlled by tycoon T. Ananda Krishnan, once again dipped into losses due to impairments.
