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