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Business

Who is checking the 27,000 abandoned oil and gas wells in Gulf of Mexico?

NEW ORLEANS: More than 27,000 abandoned oil and gas wells lurk in the hard rock beneath the Gulf of Mexico, an environmental minefield that has been ignored for decades.

Business

One abandoned housing project too many

A total of 134 abandoned private housing projects were recorded in Peninsular Malaysia between 2013 and November, 2016, according to Deputy Minister of Urban Wellbeing, Housing and Local Government Datuk Halimah Mohamed Sadique in reply to a question in Dewan Negara Dec 6, 2016. She said the number included 26 abandoned projects this year.

Business

3,200 abandoned wells lack cement plugs

NEW YORK (AP) - One year after a deadly oil-rig explosion set off the worst offshore spill in U.S. history, the environmental minefield of abandoned wells in the Gulf of Mexico is worse than first thought, with no quick solution in sight.

Business

SPNB will no longer revive abandoned housing projects

KUALA LUMPUR: Syarikat Perumahan Negara Bhd (SPNB), an agency set up to revive abandoned housing projects, will no longer rehabilitate such projects due to a policy change.

Business

Call for insurance to cover abandoned schemes

Real Estate and Housing Developers Association Malaysia (Rehda) will be proposing to the Government that insurers provide insurance schemes to developers to cover abandoned projects, said president Datuk Jeffrey Ng Tiong Lip.

Business

Abandoned project heading for revival

THERE is light at the end of the tunnel for purchasers of the abandoned Taman Perindustrian Subang Mewah project. Following overwhelming support by more than 90% of purchasers present and voting at a court convened meeting on Dec 20, the stage is now clear for the revival of the project.

Business

Biggest abandoned housing project in M'sia to be revived

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) will finance the builder and buyers of Malaysia’s biggest abandoned housing project, located in Bandar Baru Salak Tinggi, Sepang as part of its efforts to resolve its corporate legacy accounts issue.

Business

SPNB reviving 75 abandoned housing projects

SEREMBAN:b/b>Syarikat Perumahan Negara Bhd (SPNB) has successfully revived 75 abandoned housing projects, as of August 2009, at a cost of RM433mil, its chairman Datuk Azian Osman said.

Business

Newfields to revive abandoned project

PETALING JAYA: The Newfields group is set to revive the Platinum Damansara project in Ara Damansara, which has been abandoned since 2007.

Business

Bina Puri unit looks to revive more abandoned projects

PETALING JAYA: Sumbangan Lagenda Sdn Bhd, a 55% subsidiary of Bina Puri Holdings Bhd, has successfully revived an abandoned mixed development in USJ Subang after investing almost RM200mil over the past five years.