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Business 10 Aug 2012 | 12:00 AM

Bumi Armada hit by delays in job awards

BUMI ARMADA BHD and PARKSON HOLDINGS BHD

Business 02 Jul 2015 | 12:00 AM

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.

Commodities 29 Jun 2017 | 12:00 AM

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

Business 08 Mar 2016 | 12:00 AM

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.

Business 29 Dec 2015 | 12:00 AM

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).

Business 09 Dec 2011 | 12:00 AM

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.

Business 01 Jun 2019 | 12:00 AM Premium

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.

Corporate News 26 Mar 2019 | 12:00 AM

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.

Analyst Reports 26 Nov 2018 | 12:07 AM

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

Corporate News 26 Nov 2018 | 12:00 AM

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.