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Petroliam Nasional Bhd (Petronas) yesterday awarded a production sharing contract (PSC) to Shell Energy Asia Ltd, ConocoPhillips Sabah Gas Ltd and Petronas Carigali Sdn Bhd for the exploration, development and production of natural gas from the Kebabangan Cluster fields, offshore Sabah.
PETALING JAYA: The RM1.15bil contract win by Sime Darby Bhd's wholly-owned Sime Darby Engineering Sdn Bhd to fabricate topsides for the Kebabangan northern hub development project is viewed positively by analysts as it shows progress for the conglomerate to turn around losses in the oil and gas (OG) division.
Maybank Investment Research is maintaining a Buy on SapuraKencana Petroleum Bhd with a target price of RM2.68.
PETALING JAYA: Petroliam Nasional Bhd (Petronas) has awarded the Pan Malaysia offshore transportation and installation (T&I) contracts worth some RM10bil to Barakah Offshore Petroleum Bhd, Puncak Niaga Holdings Bhd and SapuraKencana Petroleum Bhd.
IT is not exactly a very strong start to the year for Malaysia’s economy, with the country’s January industrial production data coming in below consensus estimates.
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd's (MMHE) earnings fell 16.4% to RM39.73mil in the second quarter ended June 30, 2014 from RM47.55mil a year ago.