Search results for: hassan basma

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  • 21 November 2014
    Business & Finance

    Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad saw its 3Q 2014 profit drop to RM111 million, from RM121,5 million in the same period of 2013. Converted to US dollars, the company’s 3Q profit was around $33.2 million versus $36.3 million in the third quarter last year. The company’s revenue for the 3Q 2014 […]

  • 5 December 2014
    Business & Finance

    Malaysia’s Bumi Armada has announced that its Chief Executive Officer and Executive Director of the company, Hassan Basma, has resigned from his position due to family reasons.  According to the company, the Board of Directors of Bumi Armada has agreed to Basma’s request and accordingly he will relinquish his positions as CEO and Executive Director of […]

  • 19 December 2012

    Bumi Armada Berhad, its jointly controlled entity, Armada D1 Pte. Ltd. (Armada D1) has secured syndicated term loan facilities of up to USD276.4 million from Allahabad Bank, Bank of Baroda, Bank of India, Indian Bank, Indian Overseas Bank, UCO Bank and Union Bank of India. The facility will be used to part finance all costs […]

  • 15 November 2013
    Business & Finance

    Malaysia-based oilfield services provider, Bumi Armada announced today that EnQuest  has via a Letter of Interim Agreement , confirmed its intention to award a contract for the supply and operations of an FPSO to Bumi Armada to operate in the Kraken field (UKCS Block 9/02b) in the UK sector of the North Sea. Kraken is one […]

  • 15 November 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    Bumi Armada Berhad announced today that EnQuest Heather Limited together with EnQuest ENS Limited, First Oil and Gas Limited, Nautical Petroleum Limited and Nautical Petroleum AG have via a Letter of Interim Agreement (“LOIA”), confirmed their intention to award a contract for the supply and operations of a floating production, storage and offloading vessel (“FPSO”) […]

  • 5 June 2012

    Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad been awarded a contract by Momentum Engineering (LLC) to lay approximately 15km of various size pipelines in the Caspian Sea, offshore Turkmenistan. The contract is for a period of thirty (30) days commencing from the early June 2012 with an extension option of a further fifteen […]

  • 19 August 2014
    Business & Finance, Equipment

    Husky-CNOOC Madura Limited (HCML) and Malaysia’s Bumi Armada have signed a letter of intent for the supply of an FPSO for the Madura BD Field.

  • 15 November 2013
    Business & Finance

    Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad announced today that EnQuest Heather Limited together with EnQuest ENS Limited, First Oil and Gas Limited,  Nautical Petroleum Limited and Nautical Petroleum AG have via a Letter of Interim Agreement (“LOIA”), confirmed their intention to award a contract for the supply and operations of a floating  […]

  • 18 November 2013

    Malaysia based international offshore oilfield services provider, Bumi Armada Berhad announces has appointed former Maersk Oil man as its Chief Financial Officer.   Kenneth Murdoch has been appointed as the new Chief Financial Officer (“CFO”) of Bumi Armada Berhad to succeed Shaharul Rezza Hassan who moves to lead the Offshore Support Vessel (OSV) business, with […]

  • 15 May 2012
    Business & Finance

    Bumi Armada has taken delivery of two Anchor Handling Towing Supply vessels (AHTS) from Beauty Offshore Limited and Bay Offshore Limited, both subsidiaries of Sanko Steamship, one of Japan’s largest ship owners. The two 12000 bhp AHTS vessels – Sanko Beauty and Sanko Bay – were designed and constructed in Japan in 2009, a reflection […]

  • 18 January 2012

    The largest owner and operator of offshore support vessels in Malaysia, Bumi Armada has secured a four year charter and operations contract by Brazilian oil and gas major, Petrobras for its Anchor Handling Towing Support (AHTS) vessel Armada Tuah 102. The 72.5 m long AHTS vessel with DP2 capability and 150 tonnes bollard pull, will […]

  • 5 June 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad announced that its subsidiary, Armada Marine Contractors Caspian Pte Ltd has been awarded a charter contract by Momentum Engineering (LLC) Turkmenistan Branch to lay approximately 15km of various size pipelines in the Caspian Sea, off Turkmenistan. The contract is for a period of thirty (30) days […]

  • 15 May 2012
    Business & Finance

    Bumi Armada, the largest OSV owner and operator in Malaysia, has accepted delivery of two Anchor Handling Towing Supply  vessels (AHTS) from Beauty Offshore Limited and Bay Offshore Limited, both subsidiaries of Sanko Steamship, one of Japan’s largest ship owners.  The two 12000 bhp AHTS vessels – Sanko Beauty and Sanko Bay were built in Japan […]

  • 26 May 2014
    Business & Finance

    Bumi Armada Berhad, the Malaysia-based international offshore oilfield services provider, has announced revenue and net profit of RM468.9 million and RM64.8 million respectively for the first quarter ended 31 March 2014. Bumi Armada recorded EBITDA of RM223 million for the quarter which represented an EBITDA margin of 47.5%. Cashflow from operations increased by 122% y-o-y […]

  • 8 May 2012
    Business & Finance

    Malaysia-based international offshore oil field services provider, Bumi Armada Berhad,  has secured a five-year charter and operations contract for its accommodation workboat, Armada Firman 3. The contract award comes from a Mexican company, Tecnologias Relacionadas con Energia y Servicios Especializados S.A. de C.V. (TRESE) Armada Firman 3, built by Drydock-World Singapore in 2009, will provide accommodation […]

  • 8 May 2012
    Business & Finance

    Malaysia-based international offshore oil field services provider, Bumi Armada Berhad, announced that its subsidiary, Bumi Armada Navigation Sdn Bhd, has signed a five-year charter and operations contract with a Mexican company, Tecnologias Relacionadas con Energia y Servicios Especializados S.A. de C.V. (TRESE) for its accommodation workboat, Armada Firman 3. Armada Firman 3 will provide accommodation […]

  • 21 March 2012
    Business & Finance

    The 75 m long PSV with DP2 capability will be supporting operations with multi-purpose functions of transporting cargo (such as fresh water, diesel, bulk cement, materials and equipment) between platforms, rescue and personnel transfer for PETROBRAS in the Brazilian continental shelf

  • 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 […]

  • 21 November 2011
    Business & Finance

    Bumi Armada Berhad, the largest owner and operator of offshore support vessels in Malaysia,  announced today an increase in YTD revenue of 34.8 % to RM 1.17 billion from RM 870.2 million a year ago, driven by higher activity across all its business segments. Its operating EBITDA also increased by 19.6% or RM 102.7 million. […]

  • 26 May 2014
    Business & Finance

    Bumi Armada Berhad, the Malaysia-based international offshore oilfield services provider, reported revenue and net profit of RM468.9 million ($146 million) and RM64.8 million ($20.2 million) respectively for the first quarter ended 31 March 2014. Net profit was down 40.9% compared to RM109.7 million earned in the corresponding period in 2013, while revenue dropped 4.1%, compared to […]

  • 21 March 2012
    Business & Finance

    Malaysia-based international offshore oil field services provider, Bumi Armada Berhad, announced that its subsidiary, Bumi Armada Navigation Sdn Bhd, has been awarded another four-year charter and operations contract by Brazilian oil and gas major, Petróleo Brasileiro S.A. (PETROBRAS) for its Platform Supply vessel (“PSV”) Armada Tuah 301 (“AT301”). The 75 m long PSV with DP2 […]

  • 13 March 2013

    Malaysia-based international company, Bumi Armada Berhad  has acquired and taken delivery of a MPSV (multipurpose platform support vessel) from Condor Shipco Limited for USD15.8 million. The DP2 diesel electric vessel which was re-named Armada Condor was re-built in 2002 which involved extension of vessel length, addition of DP2 system and thrusters. The DNV-classed support vessel measures 104 metres in […]