T7 Global, the oil and gas service provider, formerly known as Tanjung Offshore, has bought a 9.8% stake in Australia-listed oil and gas exploration and production firm Triangle Energy (Global) for $500,000 in cash.

Congestion at Westports peaked over the weekend according to local media reports, with some truckers reporting an up to eight-hour wait to clear Customs.

Westports Holdings saw second quarter net profit fall 7% MYR148.8m ($34.7m) from MYR159.9m a year ago due to lower container throughput from structural changes in the wider industry.

Malaysian ratings agency RAM Ratings has forecast that about MYR5bn ($1.2bn) would be needed over the next five years for the expansion of Kuantan Port, Sapangar Bay Container Port (SBCP) and Port of Tanjung Pelepas (PTP).

Some life seems to be slowly returning to the Malaysian offshore market with Sealink announcing contracts worth a total of MYR52m ($12.1m) for the charter of one unit of safety standby vessel and the sale of two vessels.

Five top management officials of the Port of Tanjung Pelepas (PTP) are expected to be questioned over the release of a container with high-tech military radar equipment without following proper procedures, local media reported.

Malaysian energy services firm Sapura Energy said its Australian unit Sapura Energy Australia has successfully completed the Shell Prelude Light Well Intervention (LWI) Campaign – Plug Removal Activity for Shell Australia in the Browse Basin, north of Broome, Western Australia.

Fresh from the cancelling of a contract in West Africa,Malaysian oil and gas services firm Bumi Armada received some respite as its Armada Kraken floating production storage and offloading (FPSO) unit achieved first oil on the Kraken field in the UK North Sea.

The hijack-and-siphon trick seems to be making a resurgence in Southeast Asian waters with reports of a group of armed pirates attacking a Thai product tanker and making off with 1.5m litres of diesel last Friday.

A bunker fuel dealer from Sungai Petani in Kedah in the northern part of Peninsula Malaysia has fallen victim to an e-mail payment scam and lost $1.1m.

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