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Bumi Armada Bhd’s jointly-controlled entity, Shapoorji Pallonji Bumi Armada Offshore Private Ltd (SPBAOPL) has received notification from Oil and Natural Gas Corp Ltd (ONGC) of India, about their intention to extend the charter hire of a Floating Production, Storage and Offloading Vessel
PETALING JAYA: Bumi Armada Bhd said a unit in India was notified by client Oil and Natural Gas Corp Ltd (ONGC) about its intention to extend the charter hire of a floating, production, storage and offloading (FPSO) vessel.
PETALING JAYA: Oil and gas (O&G) stock corrected after a five-day rally as global oil price retreated as the market reckons that the cut in production by OPEC would not be able to sustain the price for long.
PETALING JAYA: Oil and gas (O&G) stocks jumped ahead of the Opec meeting on a possible production cut by the world’s largest oil producers.
Group says MCO impact expected to last more than 6 months
PETALING JAYA: The Bursa Malaysia rebound extended for a second day as the White House struck a deal with the Congress for the US$2 trillion coronavirus (Covid-19) aid package to bail out the US economy.
WHILE some oil and gas (O&G) stocks on Bursa Malaysia staged a rebound after a streak of losses, the question remains if their uptrend can be sustained especially with the volatility in crude oil prices.
PETALING JAYA: Oil and gas (O&G) stocks on Bursa Malaysia fall again after global crude oil price collapsed by another 24% yesterday.