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