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Ekuinas provides M&A boost to Icon Offshore

PETALING JAYA: Despite cuts in oil and gas exploration activity the world over, one research house has turned bullish on the prospects of Icon Offshore Bhd on the basis that the service provider could benefit from merger and acquisition (M&A) activity.


Ekuinas plans to list its OSV unit Icon Offshore in 2014

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has set a 2014 target to list its freshly-merged offshore supply vessel (OSV) unit Icon Offshore Bhd even though the company is “already eligible” to be on the market.


Icon Offshore clinches RM297mil OSV jobs

PETALING JAYA: Icon Offshore Bhd has bagged two contracts to provide offshore supply vessels (OSV) worth a combined RM297mil, inclusive of optional extensions, its first award since being listed in June.


Can Icon Offshore weather the storm?

ICON Offshore Bhd is at a low ebb. With more than RM1.6bil shaved off its market value since its floatation last June, coupled with the problems its two top leaders are facing, is there any light at the end of the tunnel for this OSV player?


Quick take: Icon Offshore shares lifted by PAC, Petronas Carigali contracts

KUALA LUMPUR: Icon Offshore Bhd shares rose 4.3% in early trade Monday in response to a series of contracts and a work order to provide vessels.


Icon Offshore’s share surge 21% on O&G contracts

KUALA LUMPUR: Shares of Icon Offshore Bhd surged on Friday after the company secured RM275mil oil and gas contracts.


Icon Offshore wins RM275mil oil and gas-related contracts

KUALA LUMPUR: Icon Offshore Bhd, through its unit Icon Offshore Group Sdn Bhd, has secured oil and gas (O&G)-related contracts worth RM275mil in cumulative value.


Icon Offshore MD will step down ‘to pursue other opportunities’

KUALA LUMPUR: Icon Offshore Bhd says its managing director Amir Hamzah Azizan will step down on Nov 30 “to pursue other opportunities.”


Icon Offshore unit bags RM72.06mil contract

KUALA LUMPUR: Icon Offshore Bhd’s unit Icon Bahtera (B) Sdn Bhd has secured a RM72.06mil contract for the chartering of accommodation workboat within the group’s fleet of vessels.


Huge task for Icon Offshore new chief

PETALING JAYA: Icon Offshore Bhd new incoming boss Amir Hamzah Azizan (pic) will have a huge task turning around the company as the slump in the price of crude oil cuts into its profitability.