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PETALING JAYA: Sapura Energy Bhd ’s shares plunged about 20.2% after the company slipped into the red for the third quarter (Q3) of its financial year ending Jan 31, 2018. (4-0)
DESPITE a view that many Malaysian oil and gas (O&G) companies are not out of the woods yet following the 2014 collapse in oil prices, investor interest in some companies remains strong. (4-0)
He would have netted RM578mil in proceeds from the share sale based on the stock’s closing price of RM1.50 on that day. (4-0)
PETALING JAYA: Tan Sri Mokhzani Mahathir, who spotted the trend of investing in the oil and gas (O&G) industry some 15 years ago, is completely exiting the sector as sentiment in crude oil prices picks up. (0-1)
KUALA LUMPUR (March 31): Based on corporate announcements and news flow today, stocks in focus on Monday (April 3) may include: Sapura Energy Bhd, AirAsia Bhd, Ahmad Zaki Resources Bhd, Master-Pack Group Bhd, Globetronics Technology Bhd, ATTA Global Group Bhd, Vizione Holdings Bhd, Nexgram Holdings Bhd, Borneo Oil Bhd, Inix Technologies Holdings Bhd, Kerjaya Prospek Group Bhd, Eversafe Rubber Bhd and Mulpha International Bhd
KUALA LUMPUR, March 29 — Bursa Malaysia closed lower today on persistent profit-taking led by Maybank, bucking the trend of its regional peers.
LONDON, March 14, 2017 /PRNewswire/ -- Details This latest report by business intelligence provider visiongain assesses that deepwater drilling spending will reach $29.82bn in 2017. This includes CAPEX and charter spending on drillships, semi-subs and tender rigs rated over 500m in water depth. Large development drilling projects can see vessels deployed at discounts for long multi-year charters. Exploratory drilling projects can be completed far more quickly.
KUALA LUMPUR (March 10): The FBM KLCI continued its lacklustre run this morning, weighed by losses at index-linked energy and banking stocks.
KUALA LUMPUR (March 9): Oil and gas-related (O&G) counters fell in in the morning session today, as oil prices fell below US$56 on Wednesday, after an industry report pointed to a large rise in crude inventories in the U.S.
KUALA LUMPUR (March 9): Losses at index-linked banking, as well as oil and gas-related stocks, kept the FBM KLCI in the negative zone at the midday break today, as sentiment turned tepid.
KUALA LUMPUR (March 9): The FBM KLCI remained in the negative zone at mid-morning today, weighed by index-linked banking as well as oil and gas-linked stocks.
KUALA LUMPUR (March 9): The FBM KLCI extended its loss in early trade this moring, weighed by select blue chips and index-linked oil and gas stocks.
KUALA LUMPUR (March 7): The FBM KLCI reversed its earlier loss and marched toward the 1,750 level at mid-morning today, lifted by index-linked blue chips.
SapuraKencana Petroleum Bhd has been awarded four engineering and construction contracts with a total value of around $97.4 million (RM433.4 million).
KUALA LUMPUR (March 3): AmInvestment Bank Bhd has cautioned that SapuraKencana Petroleum Bhd could report a loss when it announces its 4QFY17 corporate earnings later this morning.