Search results for: Malay Basin

24666 results

A list of search results

  • 19 June 2014
    Business & Finance, Equipment, Operations & Maintenance

    SapuraKencana Petroleum Berhad has been awarded two new Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contracts totalling approximately US$415 million (RM1.3 billion) in areas offshore Malaysia and Thailand by Carigali-PTTEPI Operating Company Sdn Bhd (CPOC) and Hess Exploration and Production Malaysia B.V.   These latest awards to SapuraKencana come close on the heels of several […]

  • 26 April 2017
    Business & Finance

    Independent oil and gas company Hess Corporation narrowed its loss and increased revenues during the first quarter of 2017 helped by higher oil prices.  The oil company on Wednesday reported a net loss of $324 million in the first quarter of 2017 compared with a net loss of $509 million in the first quarter of […]

  • 19 February 2013

    One of the largest offshore accommodation units in the world will be installed with a Cathelco impressed current cathodic protection system to protect its underwater surfaces against corrosion. The Prosafe GVA3000E, currently under construction at the Jurong Shipyard in Singapore, will eventually be positioned on the North Sea Norwegian continental shelf where it will provide […]

  • 24 January 2014

    Hess Corporation  has announced a 2014 Exploration and Production capital and exploratory budget of $5.8 billion. Of this, $2.85 billion (49 percent) is dedicated to unconventional shale resources, with $1.475 billion (25 percent) for production, $925 million (16 percent) for developments and $550 million (10 percent) for exploration.   John Hess, CEO, said:, “In 2010, […]

  • 14 November 2012
    Business & Finance

    The production division of Ezra Holdings Limited, EOC Limited (EOC), has secured via EOC’s Malaysian agent, Larizz Petroleum Services Sdn Bhd, its first award from Hess Exploration and Production Malaysia B.V. for the charter of the Group’s Floating, Production, Storage and Offloading (FPSO) vessel, the Lewek Arunothai. EOC is the 45.7% owned associate company and […]

  • 31 March 2014
    Business & Finance

    Petronas has allocated around MYR 1.1 billion until 2018, for our E&P Technology Centre arm to develop innovative and applicable technology to rejuvenate mature oil fields

  • 5 December 2019
    Business & Finance, Exploration & Production

    Contracts secured in Malaysia, Mozambique, and Brazil

  • 12 April 2013
    Business & Finance

    EOC Limited (EOC or the Group), one of Asia’s leading providers of offshore production services to the oil and gas (O&G) sector, posted a net attributable profit of US$2.1 million on a revenue of US$18.5 million for the first six months ended 28 February 2013 (1HFY13). The Group’s sales were driven by its construction arm, […]

  • 12 April 2013
    Business & Finance, Operations & Maintenance

    EOC Limited (EOC or the Group), one of Asia’s leading providers of offshore production services to the oil and gas (O&G) sector, posted a net attributable profit of US$2.1 million on a revenue of US$18.5 million for the first six months ended 28 February 2013 (1HFY13). The Group’s sales were driven by its construction arm, […]

  • 3 November 2014
    Business & Finance, Project & Tenders

    Malaysia Marine and Heavy Engineering has secured contracts close to RM 350 million (USD 105.5 million) involving fabrication and other associated works for two exploration and production projects offshore Peninsular Malaysia. The first contract is for the fabrication of well head platform and its jacket, the connecting bridge, and  heavier jacket for the central processing platform […]

  • 26 July 2017
    Business & Finance

    Independent energy company Hess Corporation recorded a bigger loss for this year’s second quarter compared to the one in the prior-year quarter.  Hess on Wednesday reported a net loss of $449 million for the second quarter of 2017 compared with a net loss of $392 million in the second quarter of 2016, reflecting a lower effective tax rate […]

  • 14 November 2012
    Business & Finance, Project & Tenders

    The production division of Ezra Holdings Limited (‘Ezra’, the ‘Group’), EOC Limited (EOC), has secured via EOC’s Malaysian agent, Larizz Petroleum Services Sdn Bhd, its first award from Hess Exploration and Production Malaysia B.V. (‘Hess E&P Malaysia’) for the charter of the Group’s Floating, Production, Storage and Offloading (FPSO) vessel, the Lewek Arunothai. EOC is […]

  • 25 April 2018
    Business & Finance

    U.S. oil company Hess Corporation managed to significantly narrow its quarterly loss helped by higher crude prices and lower operating costs.

  • 7 January 2014
    Business & Finance, Operations & Maintenance

    EOC Limited (EOC or the Group), one of Asia’s leading providers of offshore production services to the oil and gas (O&G) sector, has started its latest financial year on a firm foundation with a fourfold jump in net attributable profit to US$3.0 million for the first quarter ended 30 November 2013 (1QFY14). During the quarter, […]

  • 8 January 2019
    Business & Finance, Exploration & Production

    Malaysia’s Sapura Energy has been awarded new contracts and contract extension with a combined value of approximately RM760 million ($184.8M). 

  • 25 January 2017
    Business & Finance

    U.S.-based oil company Hess Corporation has posted a deeper net loss for the fourth quarter of 2016 due to non-cash accounting charge, compared to a loss in the year-before period.  The company on Wednesday reported a net loss of $4.89 billion in the fourth quarter of 2016, including a non-cash accounting charge of $3.749 billion on […]

  • 7 December 2016
    Business & Finance

    Malaysian oil and gas company Mitra Energy has changed its name to Jadestone Energy, effective immediately.  The company said the name change is part of its shift in strategy, driven by a new leadership team and board of directors. Executive Chairman Paul Blakeley said: “We are moving in a new direction and we want to be […]

  • 1 May 2014

    Hess Corporation reported net income of $386 million for the quarter ended March 31, 2014. Adjusted earnings, which exclude items affecting comparability, were $446 million, compared with $669 million in the prior year quarter. The decrease in adjusted earnings was primarily due to the impact on operating earnings related to divesting E&P assets and downstream businesses. The after-tax income […]

  • 20 December 2012
    Business & Finance

    A series of new MacGregor offshore winch orders, secured in October, will serve the strong demand for maintenance, hook-up and commissioning services for existing oil platforms within the shallow water region of the Malay basin, says Francis Wong, Director, Segment Sales and Marketing, Offshore. “As oil prices remain high and oil majors continue to invest […]

  • 25 October 2017
    Business & Finance

    U.S. oil company Hess Corporation saw its net loss deepen during the third quarter of the year due to impairments related to its asset sale in Norway.  The company on Wednesday posted a net loss of $624 million for the third quarter 2017 compared with a net loss of $339 million in the third quarter of […]

  • 20 December 2012
    Business & Finance, Equipment

    Finland’s Cargotec has secured a series of new MacGregor offshore winch orders in Malaysia.

  • 27 January 2015
    Business & Finance, Exploration & Production

    Hess Corporation has announced a 2015 capital and exploratory budget of $4.7 billion, a 16 percent reduction from its 2014 actual spend of $5.6 billion. According to Hess, of this, $2.1 billion (45 percent) is budgeted for unconventional shale resources, $1.2 billion (26 percent) for production, $1.0 billion (21 percent) for developments and $0.4 billion […]