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ONGC to extend FPSO contract
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
Bumi Armada says FPSO contract in India will be extended
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.
O&G counters fall as demand for oil shrinking
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.
KLCI, ringgit, oil stocks rally ahead of Opec meeting
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.
Bursa starts on positive note on stimulus package
Group says MCO impact expected to last more than 6 months
Bursa extends gains on the back of US stimulus
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.
O&G stocks rebound but can uptrend be sustained?
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.
O&G stocks fall again from collapse in global crude price
PETALING JAYA: Oil and gas (O&G) stocks on Bursa Malaysia fall again after global crude oil price collapsed by another 24% yesterday.
FBM KLCI moves against regional trend
PETALING JAYA: For a change, the FBM KLCI was divergent from its Asia-Pacific peers and charged up on Wednesday, with oil and gas stocks recouping some of their losses and blue chips making gains.
