Bumi Armada continues its good track record with a two-year MYR221m ($68.2m) contract extension with Afren Energy Resources for its Armada Perkasa FPSO operating in the Okoru-Stu field offshore Nigeria.

The oil and gas (O&G) support services division will continue to drive profitability at SILK Holdings , local reports cited its executive chairman Mohd Azlan Hashim as saying.

Malaysia's main northern terminal, the North Butterworth Container Terminal (NBCT) is not expected to meet its target of 1.3m teu for this year, local reports said.

UMW Oil & Gas Corporation (UMW-OG) is on a roll, with its existing Naga 2 jackup rig contract with Petrovietnam Drilling and Well Services Corporation (PV Drilling) extended for another four months.

Malaysia's Coastal Contracts announced it has secured contracts to sell three vessels worth a total of about MYR148m ($45.8m), through its units Thaumas Marine and Coastal Marine.

The recent award of contracts for a massive block of 13 work package from Petronas to six local companies to some extent signals the coming of age of the Malaysian offshore services industry.

Newly-listed Westports Holdings posted a respectable 18.8% rise in third quarter earnings to MYR105.73m ($33m) from MYR88.97m previously.

Struggling Malaysian shipowners received a boost in the country’s 2014 budget with MYR3bn ($954m) allocated for soft loans to the maritime industry.

Silk Holdings' Jasa Merin unit has been awarded two contracts by Sarawak Shell Bhd.

SapuraKencana Petroleum continues to rake in the offshore oil and gas services contracts with its Allied Maritime & Equipment unit recently awarded a MYR62m ($19.8m) contract for subsea services.