The drive towards consolidation in Malaysia's oil and gas industry may have been give some impetus with a clear statement from state fund management company Permodalan Nasional Bhd (PNB) that consolidation may be the way forward for the industry.

Malaysian offshore services provider Barakah Offshore Petroleum, through its unit, PBJV Group (PBJV), has secured a contract from Petronas Carigali to provide underwater services for oil and gas fields in East Malaysia.

The high demands of sophisticated offshore installations such as the Petronas Floating Liquid Natural Gas (PFLNG) have been met by leading maritime satellite communication antenna technology provider Intellian with the triple installation at the...

Malaysian oil and gas services company Dayang Enterprise Holdings has been awarded a contract by Kebabangan Petroleum Operating Company for the provision of topside maintenance services, it said in a stock market release.

SapuraKencana Petroleum's joint venture (SapKen) SapuraKencana GE Oil & Gas Services (SKGE) has gotten into the inside track on LNG service contracts in Malaysia with a long-term service contract to provide maintenance services for Petronas' two...

MISC is paying $445m to buy back the 50% equity interest in Gumusut-Kakap Semi-Floating Production System (L) Ltd (GKL) that it sold to Petronas Carigali's unit E&P Venture Solutions Co at cost in December 2012 for $305.7m, the company said in a...

Malaysia's offshore support vessel (OSV) sector is seen being the hardest hit by Petronas' plans to cut MYR50bn ($11.5bn) from its operating and capital expenditure (opex and capex) over the next four years, local reports said.

Former Petronas president and ceo Shamsul Azhar Abbas has been appointed non-executive chairman of Northport operator NCB Holdings, according to a stock market announcement.

The writing seems to be on the wall for smaller players in the oil and gas (O&G) industry in Malaysia, with Petronas president and ceo Wan Zulkiflee Wan Ariffin repeating calls for more consolidation, local reports said.

Malaysian shipping company MISC and oil and gas services provider Bumi Armada, both relatively big players in their respective fields, are reportedly in early stages of exploring a corporate exercise involving the consolidation of the floating...