Wasco Bhd's FY2025 Net Profit Rises To RM160.5 Mln
KUALA LUMPUR, Feb 25 (Bernama) -- Wasco Bhd's net profit rose to RM160.54 million for the financial year ended Dec 31, 2025 (FY2025), from RM153.04 million in the preceding year.
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Bank Indonesia Maintains Policy Rate At 4.75 Pct, Signals Room For Future Cuts
JAKARTA, Feb 19 (Bernama) -- Bank Indonesia (BI) has maintained its benchmark policy rate at 4.75 per cent, citing heightened global uncertainty while keeping the door open for potential easing.
Petronas Secures Oman’s Block 18 For Oil And Gas Exploration
KUALA LUMPUR, Feb 12 (Bernama)-- Petroliam Nasional Bhd (Petronas)’s wholly owned subsidiary, PC Oman Ventures Ltd (PCOVL), has signed a concession agreement with the Oman government and OQ Exploration and Production Batinah Offshore LLC (OQEP) as its partner for the exploration of oil and gas in Block 18.
MISC Inks Long-Term Bareboat Charter With ExxonMobill PNG
KUALA LUMPUR, Feb 10 (Bernama) -- MISC Bhd has secured contracts from ExxonMobil PNG Ltd, operator of the Papua New Guinea liquefied natural gas project, to provide a long-term bareboat charter as well as operations and maintenance services for a floating storage and offloading (FSO) unit.
Sabah Acquires Strategic 20 Percent Stake In North Sabah EOR PSC
KOTA KINABALU, Feb 9 (Bernama) -- The Sabah government, through its wholly-owned entity SMJ Energy Sdn Bhd (SMJE), has solidified its position in the upstream oil and gas sector by acquiring a strategic 20 per cent participating interest in the North Sabah Enhanced Oil Recovery Production Sharing Contract (EOR PSC).
SGX-listed Mooreast Eyes Collaboration With Sime Darby Unit On Offshore, Renewables
SINGAPORE, Feb 3 (Bernama) -- Mooring solutions provider Mooreast Holdings Ltd said it is collaborating with Sime Darby Joy Industries Sdn Bhd, a unit of Sime Darby Bhd, on offshore business opportunities, including renewable energy.
Petronas Activity Outlook (2026-2028) Neutral About Upstream Activities - Kenanga IB
KUALA LUMPUR, Jan 30 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) said the recently released Petronas Activity Outlook (2026-2028) is largely neutral about the upstream services sector due to ageing vessels and rig supply in the local market.
New Labuan Power Plant To Strengthen Energy Security, Boost Investor Confidence - DPM Fadillah
LABUAN, Jan 27 (Bernama) -- The 120-megawatt Rancha power plant is expected to significantly strengthen Labuan’s power supply reliability, resolve longstanding electricity disruptions and enhance the island’s attractiveness as an investment destination, said Deputy Prime Minister Datuk Seri Fadillah Yusof.
Labuan Hosts First O&G Strategic Dialogue To Address Operational Constraints
LABUAN, Jan 16 (Bernama) -- Labuan today hosted the Oil and Gas (O&G) Strategic Dialogue to address operational constraints in the industry and strengthen collaboration between the private sector and government regulators to support local economic growth.
Pertamina's RDMP Balikpapan Operation Boosts Indonesia’s Refining Capacity
JAKARTA, Jan 16 (Bernama) -- After nearly a decade of development, the Refinery Development Master Plan (RDMP) Balikpapan project, the flagship initiative under the national RDMP programme of PT Pertamina (Persero), has entered its initial operation phase, marking a major milestone in Indonesia’s refinery modernisation efforts.
Affin Hwang IB, CBOE In Partnership To Introduce VIX® Futures In Malaysia
KUALA LUMPUR, Jan 12 (Bernama) — Affin Hwang Investment Bank Bhd has partnered with Cboe Global Markets Inc to introduce VIX® Futures to local investors.
Vantris Energy's Unit To Dispose Stake In L&T-Sapura Shipping For US$30.5 Mln In Total Consideration
KUALA LUMPUR, Jan 12 (Bernama) -- Vantris Energy Bhd’s indirect wholly-owned subsidiary, Sapura Nautical Power Pte Ltd, will divest its 40 per cent equity interest in L&T-Sapura Shipping Pvt Ltd to its India-based joint venture partner Larsen &Toubro Ltd for a total disposal consideration of US$30.5 million (US$1 = RM4.05).