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Economy 14 Jan 2017 | 12:00 AM

Scomi Energy set for Ophir boost

WITH its Ophir marginal oilfield expected to see maiden production of crude oil by June, Scomi Energy Services Bhd is expected to receive a boost to its financial standing.

Business 12 Jan 2017 | 12:00 AM

Boost for Octanex, Scomi Energy as Ophir oilfield set to start production by mid-year

PETALING JAYA: The Ophir oilfield, one of the last marginal oilfields to be awarded by Petroliam Nasional Bhd (Petronas), is poised to begin production by the middle of this year.

Business 06 Aug 2016 | 12:00 AM

Uzma’s low costs keep it going

DESPITE the ongoing downcycle in the offshore oil and gas exploration industry, Uzma Bhd says its Tanjung Baram marginal oilfield venture remains a feasible project, thanks to the group’s ability to keep costs low.

Business 27 Jul 2016 | 12:00 AM

Marginal oil fields still viable

PETALING JAYA: Scomi Energy Services Bhd is going ahead with the development and production of petroleum from the Ophir field, dispelling earlier perception that marginal oilfield projects are no longer viable under the current low oil price environment. An industry source said the viability of the Ophir project, located offshore Terengganu, remains intact, thanks to the guidance from Petroliam Nasional Bhd’s (Petronas) wholly-owned subsidiary Vestigo Petroleum

Business 21 Jul 2016 | 12:00 AM

Berantai RSC now goes to Vestigo

Analysts had expected the project to be shut down due to weak oil prices

Business 16 Jul 2016 | 12:00 AM

Risky outlook for smaller O&G firms

WITH two out of six risk service contracts (RSCs) cancelled so far this year, the spotlight now is on the other operators who face a loss of cash flow and income should Petroliam Nasional Bhd (Petronas) continue to make cuts that are in line with its cost rationalisation plans.

Business 12 Jul 2016 | 1:02 AM

Breakfast briefing: Tuesday, July 12

Breakfast briefing: Tuesday, July 12