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LONDON: Royal Dutch Shell Plc expects to make the first profit from pumping oil since the start of the pandemic.
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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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.
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.
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 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.