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PETALING JAYA: TH Heavy Engineering Bhd (THHE) has officially started work on its floating production, storage and offloading (FPSO) topside for client JX Nippon Oil & Gas Exploration of Japan in Pulau Indah, a project that should help its ailing fortunes. US$900mil project will help keep company afloat
KUALA LUMPUR: CIMB Equities Research said TH Heavy Engineering missed both its and consensus’ forecasts by posting a 1Q15 net loss of RM19mil as its fabrication order book dwindled to RM210mil on completion of key contracts in FY14 and in the absence of new sizeable contracts.
KUALA LUMPUR: Malaysia Marine & Heavy Engineering (MMHE), SapuraKencana Petroleum and TH Heavy Engineering (THHE) are reportedly eyeing Petroliam Nasional Bhd’s projects.