Malaysian FPSO vessel player Yinson Holdings has had a major Vietnam contract worth $737m cancelled, as the operating company that it had chartered its vessel to, is being wound up, the company said in a stock market announcement.

MMC Corp is increasing its control over the Malaysian port sector with its port unit MMC Port Holdings acquiring the remaining 51% equity interest in the operator of Penang Port for MYR220m ($49.7m) in cash.

The dark horse Carey Island port project seems to be really gaining some traction with Malaysian ports and industrials players MMC Port Holdings, Sime Darby Property teaming up with the Indian conglomerate's ports and logistics arm Adani Ports and...

Malaysian oil and gas services company Sapura Energy, formerly known as SapuraKencana Petroleum, saw net profit for the financial year to 31 January 2017 returned to a net profit of MYR206.2m ($46.6m) from MYR791.4m loss in the same period year...

Malaysian oil and gas firm Yinson Holdings saw net profit for its financial year ended Jan 31, 2017 fall 9% to MYR196.8m ($44.5m) from MYR215.8m previously even though revenue spiked 28% to MYR543.3m from MYR424.4m in 2015.

Mitsui OSK Lines (MOL) is boosting its logistics capabilities, acquiring a 20.9% stake in leading Malaysian logistics company PKT Logistics Group (PKT).

Malaysian oil and gas companies are continuing to pick up the scraps thrown out by the national oil company, with Perdana Petroleum sealing a three-year contract from exploration and production unit Petronas Carigali for the provision of spot...

UMW Oil & Gas (UMW-OG) has finally declared the value of two recent small contracts awarded to its UMW Offshore Drilling unit earlier this month.

The stabilising oil price has seen a slight recovery in fortunes of Malaysian oil and gas (O&G) service providers such as UMW Oil & Gas (UMW-OG) which announced the award of its second jack-up rig contract in a week.

Malaysian oil and gas shipping firm MISC remains cautious on expansion despite the stabilising oil price and asset expansion will only be driven by secured long-term employment or contracts, local media reported.