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Business 19 Mar 2019 | 12:00 AM

KPOC files RM125mil claim against MMHE subsidiary

PETALING JAYA: Kebabangan Petroleum Operating Co (KPOC) has filed a RM125mil claim against Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) over a contract dispute at an oilfield north of Sabah.

Corporate News 18 Mar 2019 | 6:22 AM

KPOC files RM125m claim against MMHE

KUALA LUMPUR: Kebabangan Petroleum Operating Company (KPOC) has filed a RM125mil claim against Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) over a contract dispute at an oil field north of Sabah.

Business 15 Dec 2016 | 12:00 AM

Petronas announces first oil production from Malikai field

KUALA LUMPUR: Petronas has announced that the Malikai field, Malaysias first tension leg platform for deep-water project, achieved its first oil production on Dec 11.

Business 25 Mar 2015 | 12:00 AM

SapKen sees tough times

KUALA LUMPUR: SapuraKencana Petroleum Bhd (SapKen), which saw its net profit tumble 61.7% to RM129.1mil in the fourth quarter ended Jan 31 against RM337.2mil previously, expects the oil and gas (O&G) industry to remain challenging.

Business 27 Apr 2011 | 12:00 AM

RM1.15bil shot in the arm for Sime

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.