Search results for: UMW

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  • 17 January 2018
    Equipment

    Malaysian oil company Petronas Carigali has hired UMW for the provision of hydraulic workover units for well maintenance.

  • 30 March 2018
    Exploration & Production

    Malaysian offshore driller and oilfield services provider UMW has learned the date of the arbitration hearing aimed at resolving its spat with Frontier Oil Corporation related to a rig contract award signed in 2014.

  • 1 October 2014

    Malaysia’s UMW Oil & Gas has today sent us an image showing the delivery of their latest offshore jack-up drilling rig, UMW Naga 6. On the right is the newly delivered UMW Naga 6, and beside her is UMW’s second rig from CMHI, UMW Naga 7, due for delivery December 2014. The rigs are independent-leg cantilever jack-up units with a […]

  • 1 November 2016
    Business & Finance, Exploration & Production

    UMW Offshore Drilling, a subsidiary of Malaysian company UMW Oil & Gas, has won a contract for the provision of a high-pressure high-temperature (HPHT) jack-up drilling rig from Hess Exploration and Production Malaysia. UMW said last week that the contract entails the provision of drilling rig services for Hess’ drilling program in the North Malay Basin. The […]

  • 15 March 2017
    Business & Finance, Exploration & Production

    Malaysian drilling contractor UMW Offshore Drilling has won a contract from oilfield services provider Petrofac for the provision of jack-up drilling rig services in Malaysia.  UMW Offshore Drilling, a subsidiary of UMW Malaysian Ventures which is, in turn, a subsidiary of UMW Oil & Gas Corporation (UMW-OG), will supply its UMW Naga 5 jack-up rig […]

  • 29 October 2015
    Business & Finance, Exploration & Production

    Malaysian company UMW Oil & Gas will provide a jack-up drilling rig to its compatriot oil and gas major Petronas. The jack-up rig assigned for the contract is UMW Naga 7. It will be provided by UMW Offshore Drilling Sdn Bhd, a subsidiary of UMW-OG-owned UMW Malaysian Ventures Sdn Bhd. According to the UMW-OG’s statement […]

  • 4 May 2017
    Exploration & Production

    Malaysian UMW Oil and Gas’ acquisition of compatriots Icon Offshore and Orkim has fallen through. This was first reported on Thursday by Malaysia’s The Edge Markets which cited unnamed sources, only to be confirmed later by UMW itself in a Bursa Malaysia filing. UMW Oil & Gas in January announced it would buy Icon Offshore, […]

  • 13 March 2017
    Business & Finance, Exploration & Production

    Malaysian drilling contractor UMW Offshore Drilling has been awarded a contract for the provision of a jack-up drilling rig from compatriot Vestigo Petroleum. UMW Offshore Drilling, a subsidiary of UMW Malaysian Ventures which is in turn a subsidiary of UMW Oil & Gas Corporation (UMW-OG), will supply its UMW Naga 2 jack-up drilling rig for […]

  • 8 September 2014

    Malaysia’s UMW Oil & Gas has received a contract from Petrovietnam Drilling & Well Services Corporation (“PV Drilling”) for the provision of a jack-up rig to be used by PC Vietnam Limited and PETRONAS Carigali Overseas Sdn Bhd. The contract, with an estimated contract value of USD 46.5 million for the firm contract period, is for the provision of drilling […]

  • 22 August 2017

    UMW Offshore Drilling has secured a contract to provide a jack-up drilling rig to the Spanish oil company Repsol. The driller, a subsidiary of Malaysia’s UMW Oil & Gas said on Tuesday the contract value was RM 113 million. Repsol will take UMW’s Naga 5 rig on a one year contract with an option to […]

  • 27 November 2015
    Exploration & Production

    Malaysia’s UMW Oil & Gas has seen its third quarter 2015 revenues and profit drop due to lower charter rates and expenses for an uncontracted newbuild rig.  The company’s revenues of RM212.7 million ($50.1 million) for the third quarter were 16.4% lower than the previous year’s corresponding quarter of RM254.3 million ($59.9 million). According to […]

  • 15 May 2017
    Business & Finance, Exploration & Production

    Malaysia’s UMW Oil & Gas has won contracts for two jack-up drilling rigs from Petronas Carigali with a combined value of $34.8 million.  The contracts for both firm and optional wells were awarded to UMW Offshore Drilling, which is a wholly-owned subsidiary of UMW Malaysian Ventures, which in turn is a wholly-owned subsidiary of UMW-OG. According to […]

  • 30 September 2014

    Malaysian UMW Oil & Gas has taken delivery of the new jack-up drilling rig ‘Naga 6’, the Malaysian media have reported.

  • 4 December 2017
    Business & Finance, Exploration & Production

    Following a report from last week, UMW has confirmed that the UMW Naga 4 rig received a contract from oil major ConocoPhillips.

  • 18 August 2010
    Business & Finance

    The UMW Group announced today that a Letter of Award has been received from HESS (Indonesia-Pangkah) Limited of Jakarta, Indonesia, for the provision of UMW’s Jack-Up Drilling Rig “NAGA 2” and drilling services at a total contract value of approximately USD183.12 million. The contract shall consist of 7 firm wells and 13 option wells. The […]

  • 4 January 2017
    Business & Finance, Exploration & Production

    Malaysia’s UMW Oil & Gas has received a conditional letter of award from the Malaysian energy giant Petronas for jack-up drilling rig services. UMW said in a Bursa Malaysia filing on Wednesday that the contract is for the provision of drilling rig services using the Naga 7 jack-up rig for a duration of up to […]

  • 19 January 2017
    Business & Finance

    Malaysian offshore drilling services company UMW Oil & Gas (UMW-OG) has entered into a deal to buy the compatriot offshore support vessel provider, Icon Offshore.  UMW said in Thursday’s Bursa Malaysia announcement that the purchase would consist of two parts. Namely, the company has proposed an acquisition of 497,768,820 shares in Icon Offshore for a […]

  • 2 September 2015

    Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG), has taken delivery of a new jack-up drilling rig, from Singapore’s Keppel Fels. According to Keppel, the rig construction was finished 32 days before schedule. This is the third KFELS B Class jack-up rig that Keppel FELS has delivered to UMWOG. The first jack-up – UMW Naga 4 […]

  • 6 February 2014
    Business & Finance

    Keppel FELS Limited (Keppel FELS), a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from UMW Drilling 8 (L) Ltd, a wholly-owned subsidiary of UMW Oil & Gas Corporation Sdn. Bhd. (UMW Oil & Gas), for a KFELS B Class jackup rig worth US$218 million. It will be the third […]

  • 3 July 2014
    Business & Finance

    Malaysia’s UMW Oil&Gas has received contract from Frontier Oil Corporation for the provision of a jack-up rig for the company’s drilling campaign offshore the Philippines. The rig will be used for the KJF-1 and KJF-2 Drilling Programme in the KJF Field SC50 Block (formerly Calauit Field), offshore Palawan in the Philippines. The contract will be utilising UMW NAGA […]

  • 13 March 2018
    Business & Finance

    Malaysia’s UMW Oil & Gas has been awarded a contract for the provision of has been awarded a contract for the Provision of 460K drilling hydraulic workover unit (HWU) for Petronas Carigali. 

  • 20 April 2017

    Malaysian offshore oilfield services provider UMW Oil and Gas has yet to complete the acquisitions of Icon Offshore and Orkim. To remind, the company in January announced it would buy Icon Offshore, a Malaysian offshore vessel owner, from HOSB, a subsidiary of Ekuinas Capita. Separately, UMW said it would buy Orkim, an operator of clean […]