Malaysia
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Asia
Petronas to shed 1,000 jobs as part of restructuring
Malaysian oil and gas giant Petronas announced a new leaner management team following a strategic review of its business which…
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Asia
Maybulk suffers first ever loss
Emblematic of the dire times for dry bulk, Malaysian Bulk Carriers (Maybulk) has recorded its first ever annual loss. The…
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Asia
Petronas to delay construction of second FLNG
Malaysian state-owned energy giant Petronas , which revealed yesterday its 2015 net profit had halved, has decided to shelve commissioning…
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Asia
Coastal Contracts sells three OSVs and other vessels for $44m
Malaysia’s Coastal Contracts has sold three of its offshore support vessels (OSVs) and five low-end vessels to unnamed buyers for…
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Asia
EA Technique gets contract of affreightment
Malaysia’s EA Technique has won a RM39m ($9.3m) contract of affreightment (COA) to carry chemicals and clean petroleum products for…
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Asia
MISC buys partner’s stake in semi-floating production system
Malaysian state-owned shipping company MISC has bought the remaining 50% stake in the Gumusut-Kakap Semi-Floating Production System Limited for $445m…
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Asia
Hit and run boxship detained in Malaysia
A German containership, , bound for scrapping in South Asia, has been detained by the Malaysian Maritime Enforcement Agency (MMEA),…
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Asia
Seafarer falls to his death carrying out ship maintenance
A 44-year-old Filipino man plunged to his death while carrying out maintenance work on a ship near Lumut in Malaysia…
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Asia
Petronas hires Barakah Offshore for commission work on FLNG unit
Malaysian state energy company Petronas has hired PBJV Group, part of Barakah Offshore Petroleum, to work on its floating LNG…
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Asia
Former Tanjung Offshore MD faces fraud charges
Harzani Azmi, former managing director of Tanjung Offshore, has been charged with fraud and money laundering by a local court…
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Asia
International jack-up drillers elbowed out of Southeast Asia
International jack-up drillers have been warned Southeast Asia has become a no-go zone as the market faces inward during the…
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Asia
SapuraKencana confirms contracts worth $382m
SapuraKencana Petroleum has announced that companies within the group have been awarded two new contracts and a contract extensions worth…
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Asia
Sarawak field contractor ceases operation, ends service contract with Petronas
BC Petroleum (BCP) has ceased operation and has agreed with Petronas to terminate its small field risk service contract (SFRSC)…
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Asia
Armed guards to sail on vessels in Malaysia
The Malaysian Maritime Enforcement Agency (MMEA) says it will allow armed guards to travel on vessels transiting Malaysian waters. The…
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Asia
Malaysia detains product tanker for illegal entry
Singapore-operated product tanker has been detained by the Malaysian Maritime Enforcement Agency (MMEA) for anchoring in Malaysian waters without a…
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Asia
Subsea 7 to close Singapore office in favour of Kuala Lumpur
Subsea 7 is understood to be closing its office in Singapore and will move its Asian base to Kuala Lumpur…
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Asia
Petronas and SapuraKencana terminate Vietnam oilfield sale
SapuraKencana has terminated its plans to buy three blocks in offshore southern Vietnam for $400m from Petronas by mutual agreement…
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Asia
Lundin sells FPSO to M3nergy for $265m
Sweden’s Lundin Petroleum has entered into an agreement to sell to Malaysia’s M3nergy for $265m. The sale is effective January…
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Asia
Offshore industry fears fallout from Petronas cuts
Offshore operators in Southeast Asia are bracing themselves for a big hit following yesterday’s news that Malaysian giant energy firm…
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Asia
Petronas staff face four-day week and 30% pay cuts
Staff at Malaysian oil and gas giant Petronas face a four day working week and pay cuts of up to…
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