Perisai Petroleum Teknologi said its unit, SJR Marine (L) Ltd received notice that the charter of its derrick lay barge Enterprise 3 to TL Offshore Sdn Bhd would not be further extended.
Malaysian offshore supply vessel (OSV) operator Perdana Petroleum Bhd expects this year to be a pivotal turning point, executive director Henry Kho was quoted as saying in local media.
A unit of Malaysia's Daya Materials Bhd has landed a major deal worth up to MYR440m ($133.4m) for an offshore subsea construction vessel long-term charter contract from Norway's Technip Norge AS for work in the North Sea and North Atlantic.
Malaysian offshore shipyard TAS Offshore Bhd continued to do well with a full-year net profit of MYR13.46m ($4.1m) from MYR11.20m previously on a 36% rise in revenue to MYR137.00m.
Malaysia's MISC Bhd continued on the road to recovery as better revenues from its LNG and chemical tanker businesses helped the group turn in a first half net profit of MYR671.6m turning around from a MYR17.8m loss in the previous corresponding...
Coastal Contracts Bhd has sealed MYR170m ($52.2m) worth of contracts for the sale of one anchor handling tug supply vessel and one subsea support and maintenance vessel.
Malaysian marine engineering group Boustead Heavy Industries Corp returned to the black in the first half turning in a profit of MYR15.3m compared to a loss of MYR31.4m in the previous corresponding period. Revenue rose 11% to MYR126.2m in revenue...
Local Malaysian media reported that Tanjung Offshore is imminently going full steam ahead with its fundraising plans for its previously announced major O&G acquisition.
Malaysian sovereign wealth fund Ekuiti Nasional Bhd (Ekuinas) offshore supply vessel unit Icon Offshore Bhd plans to make one more regional investment before its planned initial public offering (IPO) next year, according to local reports.
