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Business 28 Jun 2007 | 12:00 AM

Petronas reports record annual profit

Petroliam Nasional Bhd reported a record annual profit Thursday

Business 28 Jun 2007 | 12:00 AM

Firm eyes SapuraCrest Deepwater drilling assets

Seadrill Ltd, which currently holds a 11.27% stake in SapuraCrest Petroleum Bhd, is expected to buy more shares in the latter, judging from the Norwegian group's investment pattern so far.

Business 26 Jun 2007 | 12:00 AM

News in brief

News briefs on:: Trading caution on Equine Capital, Kencana unit awarded two jobs, UM Land to augment township, Kawan Food to reduce costs, Celcom to offer mobile TV service, MRCB to start three projects in Penang, MISC sets price for 10-year dollar bonds and RHB Cap's public shareholding below 25%.

Business 19 Jun 2007 | 12:00 AM

Stake in Viet firm being transferred to Petronas unit

Petroliam Nasional Bhd (Petronas) is in the process of transferring its entire 50% stake in Vietnam's Phu My Plastics and Chemicals (PMPC) to its wholly-owned unit Petronas International Corp Ltd.

Business 18 Jun 2007 | 12:00 AM

KL market likely to move in narrow band

Stock Market Signals: A weekly column on the Main Board of the Bursa Malaysia by G.M. Teoh

Business 15 Jun 2007 | 12:00 AM

SapuraCrest and Scomi share prices surge

Scomi Group Bhd and SapuraCrest Petroleum Bhd made strong gains yesterday, rising 12 sen, or 8.16%, to RM1.59 and 13 sen, or 8.07%, to RM1.74 respectively.

Business 14 Jun 2007 | 12:00 AM

UMW invests US$90m in jack-up drilling rig

UMW Holdings Bhd will invest about US$90mil in Naga 3, a new generation jack-up drilling rig, which is slated for completion in 2009.

Business 13 Jun 2007 | 12:00 AM

Snap Shots

Susan Tam writes on SapuraCrest and Kian Joo.

Business 13 Jun 2007 | 12:00 AM

UMW to invest US$90m in new drilling rig

UMW Holdings Bhd will invest about US$90mil for Naga 3, a new generation jack-up drilling rig, which is slated for completion in 2009.

Business 12 Jun 2007 | 12:00 AM

More R&D needed to drive efficiency

Rich oil and gas (OG) companies should be investing more in research and development (RD) to improve efficiency and tackle problem areas in the industry.