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Analyst Reports 08 Jun 2017 | 1:17 AM

CIMB resumes coverage on Bumi Armada with add call

KUALA LUMPUR: CIMB Research has resumed coverage on Bumi Armada Bhd with an “add” with a sum-of-parts (SOP)-based target price of 92 sen.

Business 22 Apr 2016 | 12:00 AM

Bumi Armada seeks RM1.1bil from Woodside

PETALING JAYA: Bumi Armada Bhd has filed a claim in the Australian court seeking US$283.51mil (RM1.1bil) from Woodside Energy Julimar Pty Ltd for the termination of a contract for the charter of the Armada Claire floating production, storage and offloading (FPSO) unit.

Business 02 Jul 2011 | 12:00 AM

Bumi Armada’s shares in high demand

A cleverly-crafted fund raising exercise, offshore oil and gas services provider Bumi Armada Bhd's initial public offering (IPO) has created an 'artificially high demand' for the company's shares amongst institutional investors in lieu of its flotation onto the Main Market of Bursa Malaysia this month, analysts and market observes say.

Business 09 Jul 2011 | 12:00 AM

Bumi Armada raises RM2.7bil in IPO

KUALA LUMPUR: Bumi Armada Bhd, a company controlled by billionaire T. Ananda Krishnan, raised RM2.66bil after pricing shares at the upper half of its indicative range in Malaysia's biggest initial public offering this year, two people familiar with the matter said.

Business 23 Oct 2009 | 12:00 AM

Bumi Armada buys US$46mil vessel

SINGAPORE: Bumi Armada Bhd is buying a suezmax tanker for US$46mil from Indian company, Great Eastern Shipping Co Ltd, according to a shipping industry publication.

Business 16 Feb 2013 | 12:00 AM

Bumi Armada set to make waves in India

BUMI Armada Bhd is likely to make waves in India as it is tipped to be the frontrunner to secure Oil and Natural Gas Corp (ONGC’s) Cluster 7 (C7) floating production storage and offloading (FPSO) contract, reported Upstream Online.

Business 23 May 2013 | 12:00 AM

Bumi Armada shares rise after a strong Q1

PETALING JAYA: Bumi Armada Bhd shares rose to a high of RM4.14 yesterday, following news flows of its strong first-quarter results.

Business 31 Mar 2014 | 10:00 AM

Bumi Armada JV secures RM9.5b FPSO contract off Angola

KUALA LUMPUR: Bumi Armada Bhd has received a letter of intent from Italy’s eni Angola S.p.A for a RM9.5bil floating production, storage and offloading vessel (FPSO) contract at Block 15/06, East Hub off Angola

Corporate News 21 Jun 2017 | 3:27 PM

Bumi Armada suspends Nigerian operations of FPSO Armada Perdana

KUALA LUMPUR: The fate of two contracts worth up to RM2bil is in limbo, as Bumi Armada Bhd moves to suspend the provision of floating, production, storage, and offloading vessel (FPSO) services to Erin Petroleum Nigeria Ltd.

Business 26 Jul 2016 | 12:00 AM

Tie-up news boost Bumi Armada shares

PETALING JAYA: Bumi Armada Bhd shares ended higher following its announcement that the company had tied up with India’s Shapoorji Pallonji and Co Pte Ltd (SPCL) to bid for new floating production, storage and off-loading (FPSO) projects.