Reports: MISC, Bumi Armada in FPSO merger talks

MISC, Bumi Armada in FPSO merger

LNG shipping giant MISC and Bumi Armada are reportedly on the verge creating a giant through an FPSO vessel business merger.

According to media reports, MISC could sell its FPSO business to Bumi Armada in exchange for the Bumi Armada shares.

The LNG shipping company neither confirmed or neglected the reports as it filed a statement to the stock exchange on Monday, saying, “the company continuously explores and assesses opportunities and growth prospects.”

Malaysian, The Edge, which initially reported on the possible merger, cited Public Investment Bank’s Mabel Tan as saying that the deal would benefit both companies as it could open the door to more deals for Bumi Armada with Malaysia’s Petronas, which owns 62.67 percent in MISC.


LNG World News Staff; Image: Bumi Armada

Share this article

Follow LNG World News


<< Apr 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >