Sabah & Sarawak

Petronas inks LNG supply deal with Tiger Clean Energy

Pet ronas through it s subsidiary, Petronas LNG Ltd, has inked a sales and purchase agreement with Shanghai-based Tiger Clean Energy Ltd (TCEL) to supplyliquefiednaturalgas(LNG) to TCEL’s LNG ISO Tank Filling Facility in Bintulu, Sarawak. In a statement, Petronas said under the agreement, TCEL will undertake the LNG’s delivery to China, and the LNG would subsequently be distributed to remote locations in the country using TCEL’s ISO tanks.

Sarawak’s Ocean Vantage signs IPO agreement with M&A

Sarawak- based oil and gas ( O& G) integrated support services provider, Ocean Vantage Holdings Bhd (Ocean Vantage) has entered into an underwriting agreement with M&A Securities Sdn Bh. ( M& A Securities) in conjunction with its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities).

Slowing 3Q for Hibiscus Petroleum from Anasuria, North Sabah fields

Stripping-off exceptional items amounting to RM11.3 million, HibiscusPetroleumBhd(Hibiscus Petroleum) reported core net profit of RM39.7 million for its third quarter of financial year 2020 (3QFY20). This represents a drop by 53.5 per cent quarter on quarter (q-o-q) and 22.1 per cent year on year (y-o-y) mainly due to lower average realised oil price during the quarter.

Serba Dinamik boosted by Malaysia, Qatar and UAE jobs

Serba Dinamik Holdings Bhd (Serba Dinamik) continues to see contributions from Malaysia, Qatar and the United Arab Emirates ( UAE) according to figures from its first quarter of financial year 2020 (1QFY20).

KKB records decent start to FY20

KKB Engineering Bhd (KKB) recorded a decent start to the financial year 2020 ( FY20), analysts opine, with its “exciting” prospects to be driven by the potential roll- out of Sarawak infrastructure packages.