Bumi Armada has won an additional $134m contract from Lukoil for work in the Caspian Sea.

Malaysian conglomerate Sime Darby is beefing up its capabilities in China, launching a liquid terminal at its Weifang Sime Darby Port, local media reported.

MMC Corp continues to expand its ports empire in Malaysia, confirming an earlier news report that it was in talks on acquiring a stake in Sabah Ports from Suria Capital Holdings.

Straits Inter Logistics is branching out into the bunkering market and expects 90% of revenue to from this segment with the acquisition of its two new bunker vessels is completed in the early part of the fourth quarter.

Financially strapped Malaysian offshore player Nam Cheong Ltd (NCL) has been hit with a Writ of Summons by creditor AmBank.

Continued turbulence and what it calls the global oil market "rebalancing" impacted on the results of MISC.

Malaysian oil and gas (O&G) services provider Bumi Armada is making use of the lull in the industry to do some restructuring, announcing the formation of a Netherlands holding company.

The outlook for the offshore marine sector will continue to be tough for the remainder of 2017 as oil prices have not firmed in tandem with crude oil production cuts, according to Malaysia Marine and Heavy Engineering (MMHE), which saw its losses widened in the first half.

MMC Corp said it still plans to list its port unit at the end of next year or in early 2019.

The oil and gas (O&G) industry environment remains challenging with increased competition in the services segment due to the widespread cuts in capital expenditure, says Sapura Energy.

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