MISC’s Net Profit Slips To RM1.19 Bln In FY2024 From RM2.12 Bln In FY2023
KUALA LUMPUR, Feb 21 (Bernama) -- MISC Bhd’s net profit for the financial year ended Dec 31, 2024 (FY2024) declined to RM1.19 billion from RM2.12 billion registered in 2023.
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SeRenE, Megamas Resources Partner To Establish Semarak MIS JV
KUALA LUMPUR, Feb 21 (Bernama) -- Semarak Renewable Energy Sdn Bhd (SeRenE) has inked a memorandum of agreement (MoA) with Megamas Resources, a Singapore-based marine and offshore services provider, to establish a new joint venture company, Semarak MIS Sdn Bhd.
Tianjin Binhai High-tech Area To Develop Enhanced Innovation Hub In Northern China
KUALA LUMPUR, Feb 19 (Bernama) -- Tianjin Binhai High-tech Industrial Development Area, established in 1988 and recognised as one of the first national-level high-tech industrial development zones in 1991, has evolved into a key hub for innovation, spearheading technological innovation in northern China.
Petronas Concludes MBR 2024 With Signing Of Two PSCS
KUALA LUMPUR, Feb 18 (Bernama) -- Petronas, through Malaysia Petroleum Management (MPM), has successfully concluded the Malaysia Bid Round 2024 (MBR 2024) with the signing of two production sharing contracts (PSCs) for Blocks SB306A and SB306B, located off the coast of Sabah.
Yinson Production Completes Acquisition Of Stella Maris CCS
KUALA LUMPUR, Feb 19 (Bernama) -- Yinson Holdings Bhd’s offshore business arm, Yinson Production, has completed the acquisition of 100 per cent shares in Norway-based Stella Maris CCS AS from Altera Infrastructure.
EPIC Chalks Up Record Revenue Of RM403.8 Mln For FY2024
KUALA LUMPUR, Feb 18 (Bernama) -- Eastern Pacific Industrial Corporation Bhd (EPIC), a subsidiary of the Terengganu state government, achieved record revenue of RM403.8 million in the 2024 financial year.
Keyfield International Secures RM56 Mln Work Orders From Petronas Carigali
KUALA LUMPUR, Feb 10 (Bernama) -- Keyfield International Bhd’s wholly owned subsidiary, Keyfield Offshore Sdn Bhd, has accepted a work order award (WOA) in December 2024 and a work order extension (WOE) in November 2024, issued by Petronas Carigali Sdn Bhd.
Weststar-GAP Aviation Bags RM176 Mln Helicopter Transportation Contract In Timor-Leste
KUALA LUMPUR, Jan 31 (Bernama) -- Weststar-GAP Aviation LDA, a joint venture between Timor GAP-Timor Gas Petroleo, EP, and Weststar Aviation Timor, Unipessoal, LDA, has secured a helicopter transportation services contract with an Australian energy company Santos NA (19-12) Pty Ltd worth US$40 million or RM175.6 million.
Analysts Mixed On Oil And Gas After Petronas Releases Activity Outlook 2025-2027
KUALA LUMPUR, Jan 31 (Bernama) -- Analysts are divided in their outlook for Malaysia’s oil and gas (O&G) sector following the release of the Petronas Activity Outlook (PAO) 2025-2027, which forecasts a general reduction in upstream activities and a focus on maintenance services.
Petronas Mulling Decommissioning Of Matured Assets, Including Sabah-Sarawak Gas Pipeline
KUALA LUMPUR, Jan 29 (Bernama) -- Petroliam Nasional Bhd (Petronas) is looking at decommissioning activities of matured assets in the country's upstream operations, including the Sabah-Sarawak Gas Pipeline (SSGP).
Asian Supply Base Crew Change Facility To Boost Labuan’s Offshore Operations
LABUAN, Jan 22 (Bernama) -- The Asian Supply Base (ASB) has officially launched a new Crew Change Facility designed to streamline the signing-on and signing-off for the oil and gas (O&G) crews, marking a significant advancement in offshore operations in Malaysia.
Two Offshore Marine, Databayu Team Up To Elevate Offshore O&G Services
MIRI, Jan 20 (Bernama) -- Two Offshore Marine Sdn Bhd, a 100 per cent Malaysian-owned offshore services and solutions provider, has forged a strategic partnership with Databayu Enterprise Sdn Bhd, a respected provider of offshore catering, logistics and support services.