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PETALING JAYA: Petronas Carigali Sdn Bhd, the oil and gas exploration unit of Petronas, has formed a new unit to focus on marginal oil fields, sources said.
PETALING JAYA: Oil and gas (O&G) start-up Tamarind Energy, armed with an US$800mil (RM2.52bil) war chest from a recent deal with Blackstone, is making Malaysia its home base, riding on Petroliam Nasional Bhd’s (Petronas) efforts to ramp up domestic production in new and mature fields.
KUALA LUMPUR: Hibiscus Petroleum Bhd’s indirect unit, Anasuria Hibiscus UK Ltd has proposed to acquire a 50% interest in the Anasuria cluster in the North Sea for US$52.5mil (RM199.1mil) cash.
PETALING JAYA: Hibiscus Petroleum Bhd has entered into a sale and purchase agreement to acquire a 50% stake in the producing fields of the Anasuria Cluster oil and gas fields, in the North Sea, for US$52.5mil (RM199.1mil). The acquisition includes a floating production storage and offloading (FPSO) facility.
KUALA LUMPUR: JF Apex Research expects DNeX, China Stationery Ltd (CSL) and Guinness Anchor Bhd (GAB) to be among the stocks to watch on Tuesday following the fresh corporate developments.
PETALING JAYA: Dagang NeXchange Bhd (DNeX) has made a relatively late move into the oil and gas (O&G) sector but says it does not regret the decision.