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Shell to make first profit from oil output since pandemic
LONDON: Royal Dutch Shell Plc expects to make the first profit from pumping oil since the start of the pandemic.
Velesto wins jack-up drilling rig job
KUALA LUMPUR: Velesto Energy Bhd’s unit Velesto Drilling Sdn Bhd has received a letter of award from Sarawak Shell Bhd (SSB) and Sabah Shell Petroleum Co Ltd (SSPC) to provide jack-up drilling rig services for US$17.68mil (RM72.97mil).
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Outlook hinges on capex of oil majors
KUALA LUMPUR: Alam Maritim Resources Bhd’s net loss widened to RM115.3mil in the financial year ended Dec 31,2020, from a net loss of RM79.5mil the year before.
Alam Maritim's net loss widens to RM115mil in FY20
KUALA LUMPUR: Alam Maritim Resources Bhd's net loss widened to RM115.25 million in the financial year ended Dec 31, 2020, from a net loss of RM79.48 million the year before.
RLE poised to capitalise on rising oil prices
THE continued rise in Brent Crude Oil prices is likely to restore and increase the fortunes of some companies operating in the oil and gas (O&G) space.
MIDF Research upgrades oil and gas to positive
MIDF Research expects the oil and gas players to register stronger year-over-year earnings growth in the financial year 2021 after a series of commendable earnings recovery recorded from the third quarter of 2020 onwards.
Favelle Favco’s improving job prospects
PETALING JAYA: The slew of purchase orders secured by Favelle Favco Bhd (FFB) recently may signal the return of offshore oil and gas activities, which is viewed positively by some analysts.
