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Business

UMW Oil & Gas shares sink to new low

PETALING JAYA: Shares of UMW Oil & Gas Corp Bhd sank to a new low on earnings worries amid a bleak outlook for its core jack-up rigs business. The stock fell 2 sen, or 2.2%, to close at 88.5 sen yesterday. It had tumbled 55% over the past one year.

Business

Goals of oil, gas and energy NKEA

PETALING JAYA: The rejuvenation of existing oil fields, the development of marginal ones, the intensification of exploration activities and the building of a regional oil and gas storage as well as trading hub remain some of the goals of the oil, gas and energy National Key Economic Area (NKEA).

Business

UMW Oil & Gas ‘sell’, Pestech 'outperform',utilities 'overweight'

Given the current oversupply situation in the jack-up rigs market, HLIB Research expects the challenging outlook to continue through 2016. It expects UMW Oil & Gas’ second half financial year ending Dec 31, 2015 results to be weaker, given lower utilisation and charter rates.

Business

Is the worst really over for UMW Oil & Gas?

Following the recent release of UMW Oil & Gas Corp Bhd’s (UMW-OG) financial results, the main question on most investors’ mind would be if the worst is truly over for the upstream drilling and oilfield services company.

Business

Oil & gas stocks dominate the local bourse

PETALING JAYA: Oil and gas (O&G) stocks continued to be the focus on Bursa Malaysia and saw some declines yesterday, tracking the movements of the broader oil markets.

Business

Oil & gas market rally in Malaysia fizzles out

PETALING JAYA: The recent surge in oil and gas (O&G) counters is fizzling out as new data indicates that the industry’s fundamentals still have some way to go before it catches up with the recovery in sentiment recently, say analysts.

Business

Mega deal loss spells joy for UMW Oil & Gas

KUALA LUMPUR: After abandoning a deal to create one of the largest oil and gas services providers in Malaysia, UMW Oil & Gas Corp. expects to return to profit next year with the return of full utilization of its drilling rigs.

Business

UMW Oil & Gas to unveil prospectus on Thursday

KUALA LUMPUR: UMW Oil & Gas Corporation Bhd, which is seeking a listing on the Main Market of Bursa Malaysia Securities Bhd, will release its prospectus on Thursday.

Business

UMW Oil & Gas book order at RM1.7b

SHAH ALAM: UMW Oil & Gas Corp Bhd has an order book of RM1.7bil and it will spend RM2bil on its expansion plans, said its president Rohaizad Darus.

Business

UMW Oil & Gas bidding for RM3bil contracts

KUALA LUMPUR: UMW Oil & Gas Corp Bhd is in various stages of bidding for contracts worth RM3bil.