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KUALA LUMPUR: Pharmaniaga and Duopharma rose in active trade to new highs early Monday on hopes of a quick vaccine for the Covid-19.
KUALA LUMPUR: Yinson’s share price fell to a low of RM4.88 in early Monday trade after Petrobras has decided to postpone the Parque Das Baleias (PDB) project by one year, pushing back the first oil production to 2024.
PETALING JAYA: MISC Bhd is expected to monetise its Mero 3 floating production, storage and offloading (FPSO) asset by offering a 50% equity stake when the vessel is ready.
KUALA LUMPUR: RHB Research is retaining its Buy call on MISC with a lower target price (TP) of RM8.53 from RM8.91 earlier as it expects a weaker 2H20 due to a moderation of tanker rates.
KUALA LUMPUR: Sapura Energy Bhd has refuted recent news of any involvement in any form of bribery or corruption in its business dealings in Brazil and anywhere else in the world.
RIO DE JANEIRO: Brazilian and Dutch police executed dozens of search warrants on Wednesday as part of a corruption probe into offshore oil rig company Seadrill Ltd and Malaysia's Sapura Energy Bhd, as Brazil's famed 'Car Wash' corruption investigation eyes an increasing number of international firms.
KUALA LUMPUR: Yinson Holdings Bhd and its project partner, Sumitomo Corporation, have entered into a US$400mil bridge loan financing agreement for the FPSO Anna Nery Project, a floating, production, storage and offloading (FPSO) vessel for the Marlim revitalization project in Brazil.