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KUALA LUMPUR: Companies in the headlines include Master TEC, Top Glove, EWI, Scientex Ayer Keroh, Yinson. FM Global, Kelington, Hibiscus and SCGM, said Apex Securities Research.
The Fyne Field oil field development licence for Hibiscus Petroleum Bhd's unit has been extended by 30 months by the UK's North Sea Transition Authority (NSTA).
Hibiscus’ indirect wholly-owned subsidiary Anasuria Hibiscus UK Ltd owns a 42.5% stake in the licence, with Ping Petroleum UK Plc, an indirect subsidiary of Dagang NeXchange Bhd, holding another 42.5% interest. Rapid Oil Production Ltd owns the remaining 15%.
Uzma Bhd obtained a two-year contract extension from Medco Energi Thailand (Bualuang) Ltd for the provision of hydraulic worker unit (HWU) services and associated equipment service required for workover and well services activities at offshore Thailand.
KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) lower dividend payout to the government this year is expected to benefit the local oil and gas services and equipment (OGSE) sector, said Hong leong Investment Bank (HLIB).Petronas dished out RM40 billion ...
KUALA LUMPUR: Bursa Malaysia continued its decline to close lower for a second consecutive day amid lacklustre trading.At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 5.47 points to 1,531.51 from yesterday's close of 1,536.98. Throughout the day, the benchmark ...
Hibiscus Petroleum Bhd plans to write off RM27 million in capital cost estimates for its South Furious Merah exploration well, after an initial assessment found that the hydrocarbon volumes seen in the well may not achieve commercially viable economic thresholds.
KUALA LUMPUR: Hibiscus Petroleum Bhd plans to write off RM27 million in capital cost estimates for its South Furious Merah exploration well after an initial assessment found that the hydrocarbon volumes seen in the well may not achieve commercially viable economic thresholds.
KUALA LUMPUR: Hibiscus Petroleum Bhd today announced that it will write off RM27 million capital costs for one of its exploration wells, after it found that hydrocarbon volumes in the well may not be commercially viable."At this stage, we ...
KUALA LUMPUR: Companies whose stock could be seeing trading interest on Wednesday include Teo Seong, Globetronics, Green Packet, SunCon, KLK, Star Media, Gas Malaysia, CelcomDigi, Hume Cement and Supermax, said Apex Securities Research.
RHB Retail Research said Hibiscus Petroleum Bhd is set for an uptrend rebound after it breached the RM2.60 immediate resistance with surging trading volume.
In a trading stocks note on Wednesday, the research house said that the bullish bias above that level may see the stock trending upwards towards the recent high of RM2.74, followed by RM2.94, the 52-week high.
KUALA LUMPUR (Feb 20): Here is a brief recap of some corporate news and announcements that made the headlines on Tuesday:
Globetronics Technology Bhd warns of persisting macroeconomic and geopolitical challenges impacting the semiconductor industry that result in unpred...