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KUALA LUMPUR: Stocks which could attract trading interest include Samaiden Group Bhd, which will make its debut on the ACE Market on Thursday. Its offer price is 48 sen.
PETALING JAYA: Handal Energy Bhd has received a three-year contract from EnQuest Petroleum Production Malaysia Ltd for the provision of ad hoc offshore crane operator services.
KUALA LUMPUR: Exxon Mobil Corp has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise US$2bil (RM8.34bil) to US$3bil (RM12.5bil) in a sale, according to sources
PETALING JAYA: Despite an impairment that dragged offshore oilfield services provider Bumi Armada Bhd into the red for the recently-concluded quarter, the company should be one of the few which are somewhat impervious to the current oil down-cycle.
KUALA LUMPUR: Stocks to watch on Wednesday include Key Alliance Group Bhd, Hengyuan Refining Company Bhd, My E.G Services Bhd, Uzma Bhd, Censof Holdings Bhd and Genting Malaysia Bhd, according to JF Apex Research.
KUALA LUMPUR: Uzma Bhd's subsidiary Uzma Energy Ventures (Sarawak) Sdn Bhd and EQ Petroleum Developments Malaysia Sdn Bhd (EnQuest) have mutually terminated the Tanjong Baram small field risk service contract (SFRSC) with Petronas following the economic cut-off as agreed in the terms of the contract.
KUALA LUMPUR: CGS-CIMB Equities Research is maintaining its Overweight rating on oil and gas but highlight risks from the free fall in crude oil prices.
KUALA LUMPUR: London-based EnQuest PLC has been awarded a production sharing contract (PSC) from Petroliam Nasional Bhd for Block PM409 offshore Peninsular Malaysia under an initial four-year exploration term.