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Business 26 Jun 2013 | 12:00 AM Premium

Petronas Carigali forms new unit to develop marginal oilfields

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.

Corporate News 18 Aug 2014 | 12:00 AM Premium

Tamarind Energy armed with US$800mil eyes Malaysia as home base

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.

Business 15 Nov 2014 | 12:00 AM Premium

Oily deal

WHAT was once seen as a lucrative oil and gas exploration project off the coast of Terengganu has now been delayed for almost a year.

Business 06 Aug 2015 | 4:14 PM Premium

Hibiscus Petroleum buying 50% stake in Anasuria cluster for nearly RM200m

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.

Business 07 Aug 2015 | 12:00 AM Premium

Hibiscus to buy North Sea Anasuria Cluster oilfield stake for RM199mil

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.

Business 08 Sep 2015 | 12:00 AM Premium

Dagang Nexchange buys 30% in Ping Petroleum

PETALING JAYA: E-commerce service provider Dagang Nexchange Bhd (DNeX) is acquiring 30% in Bermuda-incorporated Ping Petroleum Ltd, an independent company that deals in shallow water offshore production, for US$10mil (RM43.36mil).

Business 08 Sep 2015 | 8:48 AM Premium

Trading ideas: DNeX, China Stationery, Guinness Anchor

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.

Business 08 Sep 2015 | 9:34 AM Premium

Breakfast briefing: Tuesday, September 8

Breakfast briefing: Tuesday, September 8

Business 03 Dec 2015 | 12:00 AM Premium

Polo buys Hibiscus stake

London-listed firm takes up substantial stake for US$5mil

Business 14 Dec 2015 | 12:00 AM Premium

DNeX sees O&G entry as timely, with low oil price valuations are cheap

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.