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Miri Resident: Oil company must speak to property owners, not just community leaders

MIRI: Private landowners and homeowners have the right to say “no” to Nippon Oil, the company that is receiving numerous complaints for conducting seismic exploration so near their property.


KLCI closes at fresh high on window dressing

KUALA LUMPUR: Window dressing sent the FBM KLCI to its highest ever close on Tuesday, with the 30-stock index at 1,850.90 on local fund buying of banks, plantations and Petronas stocks.


Petronas and 3 others get Canadian regulator LNG exports permit

CALGARY, Alberta: Canada's National Energy Board on Monday granted liquefied natural gas export permits to four planned projects on the country's Pacific coast.


AmResearch maintains Buy on SapuraKencana

KUALA LUMPUR: AmResearch has maintained its Buy call on SapuraKencana with an an unchanged fair value of RM5.70 per share - based on an FY15 PE of 22 times, which is the 2007 peak achieved by Kencana Petroleum.


Over 160 teams display their innovative prototypes in UTP, Seri Iskandar

BASED on their engineering and scientific knowledge, some 167 teams have come up with various innovative prototypes during an exhibition at Universiti Teknologi Petronas (UTP) in Seri Iskandar.


Potential re-rating for HLB, exciting year ahead

AFFIN Research reiterates its “add” rating with an unchanged price target of RM15.10, valuing Hong Leong Bank (HLB) at a price-to-book multiple of 1.8 times based on a calendar year 2014 return on equity of 14.7%, premised on a 5% growth rate and a 10.2% cost of equity. The year ahead remains exciting for HLB as there is room for further re-rating.


Mayor confirms receiving complaints from Miri residents over seismic tests

MIRI: The search for oil inland is giving residents here the jitters because some of the seismic exploration projects are now being carried out inside the city centre in densely populated housing areas, sometimes right in front of houses.


As America enjoys cheap gas, Asia's top buyers to pay more

SEOUL/PERTH: Asia's biggest economies face paying twice as much for some natural gas as old supply deals are renewed, with a North American shale glut years from helping to meet soaring demand in the region.


Petronas stocks push KLCI down

KUALA LUMPUR: The FBM KLCI retreated during midday on Monday weighed by Petronas stocks as investors were jittery while awaiting the Fed’s decision on its stimulus cut.


Barakah shares up in heavy trade after Petronas contract win

KUALA LUMPUR: Shares of Barakah Offshore Petroleum Bhd rose after its unit bagged a portion of Pan Malaysia Integrated Offshore Installation contract from Petronas.