Search results for: Bumi

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  • 9 August 2017
    Infrastructure

    Malaysian FPSO operator Bumi Armada has allowed Erin Energy to flow its Oyo field oil into cargo tanks of the FPSO Armada Perdana, despite Erin’s outstanding debts towards the vessel owner.  To remind, Bumi Armada back in June suspended the bareboat charter and operations and maintenance contracts with Erin Energy for the FPSO Armada Perdana operating at […]

  • 15 March 2019
    Business & Finance, Infrastructure

    Malaysian provider of offshore vessels and FPSOs Bumi Armada has dissolved its U.S. subsidiary company Bumi Armada Americas, to reduce costs.

  • 9 November 2015

    LNG shipping giant MISC and Bumi Armada are reportedly on the verge creating a giant in the business through an FPSO vessel business merger.

  • 12 February 2018
    Business & Finance

    Executive director and head of Offshore Marine Services of Bumi Armada has decided to resign from the company.

  • 11 November 2015

    Following reports that Malaysia’s shipping giant MISC, and offshore vessel provider Bumi Armada could merge their respective FPSO businesses, MISC has denied the allegations. Namely, in a statement issued on Wednesday, the company said: “In response to recent market speculation, MISC wishes to state that the company is not in any discussions with Bumi Armada […]

  • 21 June 2017
    Infrastructure

    Malaysian FPSO provider Bumi Armada has suspended the bareboat charter and operations and maintenance contracts with Erin Energy for the FPSO Armada Perdana operating at the Oyo oil field off Nigeria.  Bumi’s subsidiaries, Armada Oyo Limited (AOL) and Bumi Armada (Singapore), are in charge of the bareboat charter and operations and maintenance contracts on the FPSO Armada […]

  • 20 July 2016

    Russian oil company Lukoil has put into service three ice-class vessels in support of its Caspian Sea oil and gas activities. The vessels Bumi Uray, Bumi Pokachi and Bumi Naryan-Mar, delivered by Bumi Armada, will be used at the Vladimir Filanovsky field in the Caspian Sea. According to Lukoil, Bumi Naryan-Mar is a standby/rescue vessel equipped […]

  • 11 October 2018
    Infrastructure

    A Malaysian FPSO player has reportedly acquired a Very Large Crude Carrier from Ship Finance International.

  • 31 March 2014
    Business & Finance

    Bumi Armada will convert a Very Large Crude Carrier into an FPSO which will serve Eni in Angola. Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad  has received a Letter of Intent from eni Angola S.p.A  , a wholly-owned subsidiary of Eni S.p.A. the Italian multinational oil and gas company, wherein eni Angola has stated its intention […]

  • 9 August 2017
    Business & Finance, Operations & Maintenance

    Bumi Armada has set up a direct wholly-owned subsidiary and two indirect wholly-owned subsidiaries in the Netherlands. The company said that formation of a Netherlands holding company structure is part of Bumi Armada’s ongoing initiatives to streamline its corporate structure, create a corporate and legal shield, optimise efficiencies and establish a commercial presence close to key […]

  • 15 June 2017
    Infrastructure

    Malaysia’s Bumi Armada and India’s Shapoorji Pallonji Oil & Gas have established a joint venture company in Ghana. The Joint Venture named Bumi Armada Shapoorji Pallonji Ghana Limited (“BASPG”), was established on June 5, 2017, in Ghana, and it received the certificate of incorporation June 10, 2017. The two companies have joined forces hoping to […]

  • 31 March 2014
    Business & Finance

    Bumi Armada, the largest owner and operator of offshore support vessels in Malaysia has received a Letter of Intent (LOI) from Eni Angola S.p.A. for the chartering, operation and maintenance of a floating production, storage and offloading vessel (FPSO). Eni Angola has stated its intention to award the contract to a consortium of Bumi Armada Offshore […]

  • 15 October 2014

    Malaysia’s provider of offshore vessels and floating production units, Bumi Armada, and Husky-CNOOC oil company have agreed to delay the signing of an FPSO contract.   The companies in August 2014 signed a letter of intent (LOI) subject to which Bumi Armada would deliver a floating, production, storage and offloading vessel to the Husky-CNOOC joint venture for the use […]

  • 16 October 2018
    Infrastructure

    Malaysia’s FPSO specialist Bumi Armada has denied reports that it has acquired a Very Large Crude Carrier from Ship Finance International.

  • 27 February 2020
    Infrastructure

    Malaysia’s Bumi Armada has decided to file an appeal against the Supreme Court’s decision relating to the litigation with Australian energy giant Woodside over early termination of Bumi’s Armada Claire FPSO charter.

  • 11 November 2015
    Business & Finance

    Malaysian shipping company MISC Berhad (MISC), a subsidiary of Petronas, has refuted market rumors on talks with Bumi Armada Berhad on potential merger of the companies’ floating production storage and offloading (FPSO) vessel businesses.  Recent media reports claimed that MISC may be planning to sell its FPSO to Bumi Armada in exchange for Bumi Armada shares. The reports saw Bumi Armada […]

  • 26 September 2019
    Infrastructure

    Bumi Armada has received financing commitments of up to $75 million from a major shareholder to fund its offshore projects in India and Malta.

  • 21 July 2011
    Business & Finance

    Bumi Armada, a Malaysian-based international offshore services provider, was listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) this morning. Malaysia’s largest owner and operator of offshore support vessels  (“OSV”) and the eighth largest floating production, storage and offloading (“FPSO”) operator in the world, Bumi Armada’s listing marks the completion of the […]

  • 31 March 2014
    Business & Finance, Project & Tenders

    Malaysia-based Bumi Armada Berhad has received a Letter of Intent (LoI) from eni Angola S.p.A, for the award of a contract for the chartering, operation and maintenance of a FPSO vessel to a consortium of Bumi Armada Offshore Holdings Limited and Angoil Bumi JV Limitada (ABJL) for deployment at Block 15/06, East Hub located offshore […]

  • 18 April 2018
    Infrastructure

    Bumi Armada is taking legal action against Erin Energy following the receipt of a force majeure notice.

  • 11 April 2017
    Business & Finance, Infrastructure

    Lloyd’s Register (LR), a global engineering, technical and business services organization, has won an inspection contract with Bumi Armada for the Armada Olombendo FPSO. The vessel was built by Keppel’s shipyard in Singapore and chartered to the Italian oil company Eni for work on the East Hub Development Project off Angola. LR said on Tuesday […]

  • 14 April 2015
    Business & Finance

    Malaysia-based Bumi Armada Berhad has entered into agreements with ElectroGas Malta Limited (EGM) for the conversion, supply and operations and maintenance of one floating storage unit (FSU). The contracts were signed through Bumi Armada’s wholly owned subsidiaries Armada Floating Gas Storage Malta Ltd (AFG Storage) and Armada Floating Gas Services Malta Ltd (AFG Services). The FSU […]