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Business 18 Jul 2019 | 12:00 AM

Hibiscus unit acquires oilfields

PETALING JAYA: Hibiscus Petroleum Bhd’s indirect wholly owned subsidiary, Anasuria Hibiscus UK Ltd (AHUK), has entered into a conditional non-binding term sheet to acquire Licence P2366 consisting of Blocks 15/18d and 15/19b from United Oil & Gas Plc and Swift Exploration Ltd for US$5mil (RM20.6mil).

Corporate News 25 Mar 2019 | 12:00 AM

Hibiscus to drill eight oil wells this year

KUALA LUMPUR: Hibiscus Petroleum will be drilling eight oil wells this year, six in Malaysia and two in the United Kingdom, which is set to increase its production volumes.

Stock on the Move 21 Jun 2018 | 2:03 AM

DNeX shares rise 3.6% on securing UK’s North Sea licenses

KUALA LUMPUR: Dagang NeXchange Bhd’s (DNeX) shares were trading higher in early trade after its associate company, Ping Petroleum Ltd received two licences in UK’s North Sea.

Analyst Reports 02 May 2017 | 12:57 AM

Trading Ideas: Muhibbah, Weida, UMW-OG, DNex

KUALA LUMPUR: Muhibbah Engineering, Weida, UMW Oil & Gas and Dagang Nexchange (DNex) could see trading interest today after their corporate announcements, says JF Apex Research.

Corporate News 28 Jan 2017 | 7:59 AM

Shell set to sell US$3b North Sea assets to Chrysaor

LONDON: Royal Dutch Shell is nearing the sale of a large part of its North Sea oil and gas assets to private equity-backed Chrysaor for US$3 billion, banking sources said, marking a milestone in its drive to reduce debt after buying BG Group.

Business 08 Sep 2015 | 8:15 AM

Oil falls more than 3 percent on oversupply, China equity losses

LONDON: Oil fell more than 3 percent on Monday, hit by weaker Chinese equities and record North Sea crude production data that added to global oversupply concerns.