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Analyst Reports

Affin Hwang positive on Velesto Naga 4 contract

Velesto Energy with an unchanged 12-month DCF-based target price of 35 sen following its receipt of a letter of award from ROC Oil (Sarawak).

Business

Trading ideas: SCGM, Willowglen, Icon Offshore, GPacket

KUALA LUMPUR: SCGM Bhd, Willowglen MSC Bhd, Icon Offshore Bhd and Green Packet Bhd are among the stocks to watch, according to JF Apex Research.

Business

Icon Offshore secures RM23m job from Hess Exploration

KUALA LUMPUR: Icon Offshore Bhd's unit has bagged a RM23mil contract to provide a utility vessel to Hess Exploration and Production Malaysia B.V.

Business

Sapura Energy shares most traded after discovery

PETALING JAYA: Shares of Sapura Energy Bhd was the most traded stock yesterday on news that it had discovered its ninth gas well in offshore Sarawak.

World

Unemployed threaten Libya oilfields feeding Es Sider; production normal

BENGHAZI, Libya (Reuters) - A group of unemployed Libyan youths will shut down oilfields in Marada town in the east unless demands for better state services are met, the group said on Sunday.

World

A steady flow of political royal blood to Congress

SATURDAY’S wedding of Prince Harry and Meghan Markle created another surge of American royal mania, and with a particular twist – besotted chatter about their offspring someday running for Congress, or even president, while remaining in the line of succession to the British throne.

Business Premium

In the oil patch, bigger is no longer better

Investors grow leery of free-spending energy firms, like discipline of ConocoPhillips

Business

Sapura Energy hit by impairments

PETALING JAYA: Sapura Energy Bhd’s net loss for the fourth quarter ended Jan 31, 2018 ballooned to RM2.29bil compared with RM172.32mil in the previous corresponding quarter, due to impairments and lower revenue from the engineering, construction and drilling business segments.

Business

Sapura gets Mubadala job

PETALING JAYA: Sapura Energy Bhd has won a job, with an estimated value of RM2bil, from Mubadala Petroleum.

Business

Sarawak spells out rules on O&G ops and activities

State to assume full regulatory authority by July