LNG shipper MISC said its revenue was at RM2,379.4 million in the quarter ended 31 March 2013 was 7.7% higher than the RM2,209.1 million revenue in the corresponding quarter. The increase in Group revenue was mainly due to higher revenue in Heavy Engineering from higher number of projects, combined with lease commencement of two Floating [...]
Extrusion Exheat have been awarded the contract to supply the hazardous area electrical heaters and control solutions for the PETRONAS floating liquid natural gas facility. The PETRONAS FLNG will be among the world’s leading FLNG vessels, scheduled for operation in 2015. With a 1.2 million tonnes per annum capacity, it is expected to operate 365 [...]
May 22, 2013 | Posted in
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Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) announced its financial results for the three months ended 31 December 2013. The Group achieved a revenue of RM922 million (RM665,3 million) with profit before tax of RM57 million. During the quarter, MHB successfully completed and delivered the OSX-3 FPSO External Turret and the Telok-B Jacket. On [...]
MISC Bhd., operator of one of the world’s biggest fleets of LNG carriers, said Petronas has withdrawn its $3 billion buyout offer after failing to win minority shareholder support. MISC revealed in a filing to the stock exchange that, by the deadline on April 19, Petronas had only managed to lift its stake in the [...]
Air Products, the global leader in liquefied natural gas (LNG) technology and equipment, said it has received an LNG heat exchanger order from PETRONAS for a major LNG project in Malaysia. Air Products’ SplitMR® liquefaction process and technology was selected and will be supplied to the PETRONAS LNG Train 9 Project. This project will produce [...]
April 16, 2013 | Posted in
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The Cryodynamics Division of Ebara International Corporation announced their recent contract award from JGC in Yokohama, Japan, to deliver 12 Cryogenic Pumps & Expanders (8 Pumps, 2 Expanders, 2 Capital Spare Expanders) for the upcoming Malaysia LNG Train 9 Project, scheduled for facility completion at the end of 2015. This additional train, Train 9, will [...]
April 8, 2013 | Posted in
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Petronas of Malaysia raised the offer price to take over LNG tanker operator MISC Bhd in a deal valued at 9.2 billion ringgit ($3 billion). “We refer to the press notice dated 5 April 2013 in relation to the offer wherein it was announced that the offer price for each Offer Share has been increased [...]
Newfield Exploration announced a significant natural gas discovery on the Block SK 310 Production Sharing Contract (PSC) area, located 50 miles offshore Sarawak in approximately 250 feet of water. This is the Company’s second pinnacle reef natural gas discovery in the region. The B-14 well encountered 1,800 feet of gross column and 1,585 feet of [...]
IEV Holdings Limited said that the Group and Gas Malaysia have further extended the deadline of the Feasibility Study, from 15 March 2013 to 15 May 2013, to facilitate further in-depth studies on certain crucial aspects of the LNG projects. The Company had, on 15 October 2012, through its wholly-owned subsidiary, IEV Energy, entered into [...]
JGC Corporation said that jointly with its Malaysian subsidiary, JGC Malaysia Sdn. Bhd., it has been awarded a contract by PETRONAS LNG 9 Sdn. Bhd., a wholly-owned subsidiary of PETRONAS for the Engineering, Procurement, Construction and Commissioning (EPCC) work for the construction of the 9th LNG Train and its associated facilities in the PETRONAS LNG [...]
March 14, 2013 | Posted in
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