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KUALA LUMPUR: Malaysia’s economy is expected to grow at a slower pace of an average annual rate between 4.5% and 5.5% in the remaining period from 2018 to 2020, supported by sustained domestic demand, especially from private sector expenditure.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has achieved another construction milestone for its second floating liquefied natural gas (LNG) facility, despite reports that the project may be suspended or even cancelled due to spending cuts.
STATE oil company Petroliam Nasional Bhd (Petronas) is reviewing its second floating liquefied natural gas development (PFLNG2) and is now in talks that could see the project suspended for at least two years, according to Upstream, an international oil and gas publication.
KUALA LUMPUR: Aker Solutions has secured a contract to provide sub-sea production system for Rotan deepwater natural gas development in Malaysia.
KUALA LUMPUR: AmResearch is maintaining its Overweight call on the oil and gas (O&G) sector with Buy calls for SapuraKencana Petroleum, Alam Maritim, and Bumi Armada.
PETALING JAYA: Spurred by the recent sale of Newfield Exploration Co’s Malaysian operations, American oil major Murphy Oil Corp is looking to hive off a 30% stake in its oil and gas assets here at a price tag of US$2bil-US$3bil (RM6.62bil-RM9.93bil), sources said.
KUALA LUMPUR: A consortium including JGC Corporation and Samsung Heavy Industries Company Ltd has bagged a contract from Petroliam Nasional Bhd to build its second floating liquefied natural gas facility (PFLNG 2) project off Sabah.
IT IS not unusual to find people switching professions in pursuit of a passion or a dream.
Hong Leong Investment Bank Research is maintaining its Buy call on shipping company MISC Bhd, with fair valuation increased to RM6.50 from RM5.20 and the sector put on Overweight.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) expects investments of US$20bil (RM60bil) in its west Canada liquefied natural gas (LNG) export project that aims to meet growing demand in Asia, a senior company official said.