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Malaysia's national flower, the hibiscus, is not only celebrated for its bold beauty but also goodness in skincare products.
PETALING JAYA: Hibiscus Petroleum Bhd, through wholly owned Gulf Hibiscus Ltd (GHL), is claiming US$35mil (RM136.4mil) in compensation from Lime Petroleum Norway AS (LPN) for financial losses suffered by GHL. Hibiscus claimed the losses incurred by GHL was due to the restructuring undertaken by LPN.
PETALING JAYA: Hibiscus Petroleum Bhd is acquiring Talisman Resources Pty Ltd in a deal worth US$18mil (RM59mil) that also includes the latter’s 25% stake in the Kitan producing oilfield.
PETALING JAYA: Hibiscus Petroleum Bhd has entered into a sale and purchase agreement to acquire a 50% stake in the producing fields of the Anasuria Cluster oil and gas fields, in the North Sea, for US$52.5mil (RM199.1mil). The acquisition includes a floating production storage and offloading (FPSO) facility.
PETALING JAYA: The acquisition of the North Sabah enhanced oil recovery (EOR) field by Hibiscus Petroleum Bhd will provide immense opportunities to increase the group’s production rate.