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Barakah wins five-year contract from Hess

KUALA LUMPUR: The scope of the contract covers maintenance, construction and modification work for structures and facilities located offshore Peninsular Malaysia.

China's Nexen plans Gulf of Mexico oil exit amid trade war

NEW YORK/LONDON: Nexen Petroleum, a unit of China's CNOOC Ltd, plans to exit the United States, divesting its stake in giant oil and gas developments in the Gulf of Mexico as trade tensions between two countries mount, three people familiar with the plan told Reuters on Wednesday.

Hess, which has assets in M'sia, has no plans to sell Asian oil assets

SINGAPORE: U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.

’Deliverance,’‘Boogie Nights’ star Burt Reynolds dies

LOS ANGELES - (AFP) Burt Reynolds, the mustachioed heart-throb of 1970s cinema who won acclaim in “Deliverance” and a host of awards later in his career for “Boogie Nights,” died on Thursday, his family announced.

Hess Corp’s S-E Asia assets attract bid interest

They include gas fields in North Malay Basin in offshore M’sia

CIMB Research upgrades MISC target price to RM7.08

KUALA LUMPUR: CIMB Equities Research has upgraded its sum-of-parts based target price for MISC to RM7.08 as it had been too conservative on secondhand tanker prices and as it incorporated the new FSO Bergading contract.

Petronas launches VDPx to boost O&G firms

KUALA LUMPUR: Petronas has launched VDPx – a new vendor development scheme under the company’s existing Vendor Development Programme (VDP) to boost capabilities of local companies in the oil and gas industry.

Petronas launches new vendor devt scheme with 18 partners

KUALA LUMPUR: Petroliam Nasional Bhd has launched a new vendor development scheme to nurture local entrepreneurs to overcome high-entry barriers to the oil and gas industry and create a pool of vendors who can generate value.

M&G unit bags Hess contract

KUALA LUMPUR: Marine and General Bhd’s (M&G) subsidiary, Jasa Merin (M) Sdn Bhd, has secured a RM17mil contract from Hess Exploration and Production BV.

How unstable is Libya's oil production?

TUNIS (Reuters) - After a relatively stable spell, Libya's oil production has see-sawed again because of a standoff at eastern export terminals and the abduction of two workers at the giant Sharara oilfield.