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Energy 13 Aug 2020 | 7:00 AM

O&G stocks in short-lived rally

PETALING JAYA: The recent rally in oil and gas (O&G) counters on Bursa Malaysia was short-lived as the sector’s turnaround remains sluggish with demand recovery expected to face roadblocks due to a fresh wave of coronavirus (Covid-19) infections.

Commodities 26 Apr 2017 | 12:00 AM

Takeover of Icon on hold, resistance from minority shareholders

PETALING JAYA: UMW Oil & Gas Corp Bhd’s (UMW-OG) proposed takeover of Icon Offshore Bhd and Orkim Sdn Bhd is on hold.

Business 06 Feb 2014 | 6:46 PM

UMW Oil & Gas awards US$218m contract to Keppel subsidiary

KUALA LUMPUR: UMW Oil & Gas Corporation Bhd (UMW-OG) has awarded a US$218mil contract to Keppel Corporation Ltd's subsidiary to build a rig vessel as it seeks to expand its drilling operations.

Business 30 Oct 2013 | 9:44 AM

Affin Research maintains Overweight on oil and gas

KUALA LUMPUR: Affin Research has maintained its Overweight on the oil and gas (O&G) sector on the massive US$5.2bil North Malay basin project, which is one of the largest upstream O&G projects in Malaysia.

Business 08 Nov 2011 | 12:00 AM

Petroleum storage & trading business to extract more value from oil&gas business

LABUAN: The petroleum storage and trading business will create a completely new service sector for Malaysia, as it will allow the country to extract greater benefits from the oil and gas value chain, says Ahmad Hizzad Baharuddin, Director General of the Labuan Financial Services Authority (Labuan FSA).