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KUALA LUMPUR: Petroliam Nasional Bhd. has raised about 6 billion ringgit ($1.4 billion) by cutting its stakes in three listed units, people with knowledge of the matter said.
KUALA LUMPUR: Petroliam Nasional Bhd has disposed of some stakes in three of its related companies to Malaysia institutional funds.
PETALING JAYA: MMC Corp BHD (MMC) has been awarded a RM131.4mil engineering, procurement, construction and commissioning (EPCC) contract from Petronas Gas Bhd.
KUALA LUMPUR: Stocks to watch on Thursday include Astro Malaysia Holdings Bhd, Genting Bhd, Seacera Group Bhd, G Neptune Bhd, Petronas Gas Bhd (PetGas) and Prestariang Bhd, according to JF Apex Research.
KUALA LUMPUR: PBJV Group Sdn Bhd is seeking RM179.84mil in compensation from Petronas Gas Bhd where it was appointed the contractor for the Pengerang gas pipeline project.
PETALING JAYA: Petronas Gas Bhd’s (PetGas) net profit dipped 13.6% to RM431.58mil in the third quarter ended Sept 30,2019 (3Q19) from RM499.80mil a year ago, dragged down by lower revenue and higher repair and maintenance costs from the utilities segment.
PETALING JAYA: Oil and gas (O&G) stocks have been rallying on the back of the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor becoming fully-operational by the fourth quarter of this year.
KUALA LUMPUR: Petronas Gas Bhd (PGB), the gas business arm of the national oil company, is optimistic that the first delivery of gas under the Third Party Access (TPA) will attract more interest in the new gas importation mechanism.