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KUALA LUMPUR: Handal Resources Bhd's joint venture has received a letter of award from Petronas Carigali Sdn Bhd for the provision of a water injection module worth about RM360mil.
SAN FRANCISCO: The power generators that supply PG&E Corp were dealt a major blow as a judge ruled that federal regulators can’t keep their supply contracts from getting killed as part of the utility giant’s bankruptcy case.
COULD construction and property player Protasco Bhd be a stock worth watching now that its boardroom tussle and one-off impairments have come to a close?
VELESTO ENERGY BHD: OPERATING seven jack-up (JU) rigs in Malaysian waters, Velesto is in a sweet spot, benefitting from a surge in Petronas’ yearly JU rig requirement from six to 10 and 16 to 19 for 2019 to 2021.
CHICAGO: US-China trade tension may become a longer than expected headwind for US corporations as the prospect of additional US tariffs, retaliation from China, and prolonged negotiations rise, says Fitch Ratings.
SINGAPORE: The world's biggest liquefied natural gas (LNG) producers including Shell, Total and Petronas are increasingly selling from global supply pools instead of dedicated projects as buyers leverage a fuel surplus to force ever more flexible deals.