Keyfield Buys Mega Dredger Inai Kenanga at Steep Discount to Valuation
Malaysian offshore vessel owner Keyfield International has entered the dredging market with the $24.7m purchase of the 2016-built mega dredger Inai Kenanga.
Velesto Second-Quarter Profit Falls to RM531,000 as Rig Rates Slide 16%
Velesto Energy's quarterly net profit collapsed to RM531,000 from RM50.44 million a year earlier as utilisation and day rates fell, though the order book stands at RM1.3 billion.
ALAM Maritim Chief Returns to Post After Anti-Corruption Remand
Malaysian offshore services firm ALAM Maritim says its group managing director was remanded by the Malaysian Anti-Corruption Commission for two days and has resumed his executive roles.
Velesto wins a $51m North Malay Basin drilling contract
Malaysia's Velesto has won a $51m contract for integrated drilling services in the North Malay Basin, starting in August.
Bin Sulayem takes interim charge at Malaysia's MMC Ports
The former chairman of a major Gulf ports group has taken interim charge of Malaysia's largest port operator.
Malaysia's first littoral combat ship enters service unarmed
Malaysia has commissioned the first of its littoral combat ships after years of delay, but the vessel enters service without anti-ship missiles.
Unity breaks into Asia with Malaysian well intervention deal
Well-integrity and decommissioning specialist Unity has entered the Asia-Pacific market with a three-well rigless intervention contract in Malaysia.
Keyfield wins 13 charter deals across Asia and Middle East
Malaysia's Keyfield International has won 13 new offshore charter contracts worth RM229m ($55.7m) across Malaysia, Thailand and the Middle East, lifting its first-half wins to 21.
Lightning strike sparks fire at offshore platform off Malaysia
Vestigo Petroleum, a Petronas Carigali subsidiary, has confirmed a fire at its West Lutong platform off Sarawak after a lightning strike; the blaze is under control and no injuries were reported.
Liner networks shift away from Asia's mega hubs
Container carriers are permanently restructuring their networks away from Asia's largest transhipment hubs towards secondary regional ports, according to Sea-Intelligence analysis of UNCTAD connectivity data.
Petronas forms regional alliance to boost offshore oil recovery
Petronas has signed an MoU with Petronas Carigali, PTTEP, Pertamina and Universiti Teknologi Petronas to jointly pursue enhanced oil recovery across offshore acreages.
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