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O&G companies expected to reward shareholders

O&G companies expected to reward shareholders
themalaysianreserve.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themalaysianreserve.com Daily Mail and Mail on Sunday newspapers.

O&G service providers earnings to remain resilient

O&G service providers earnings to remain resilient
themalaysianreserve.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themalaysianreserve.com Daily Mail and Mail on Sunday newspapers.

Top read business stories from July 19 to 24

Among top read stories are tough times for mechanical and electrical sector, MR DIY, Sapura Energy , JanaNiaga, Socso, UMW Equipment and Proton Coronavirus outbreak AstraZeneca Plc has told Thailand it should be able to supply around 6 million doses of its COVID-19 vaccine per month, leaked correspondence showed, contradicting assertions by Thai officials that the government had been promised 10 million. Thailand s push for 10 million monthly doses comes as it considers imposing vaccine export curbs on Thai-manufactured vaccine to shore up domestic supplies, a move that could create problems for its neighbours, some of which are battling similar or more severe coronavirus crises.

Quick take: Sapura Energy climbs on RM1 2bil contracts win

climbed in early trade Thursday after securing contracts worth RM1.2bil. The oil and gas service provider rose 4%, or 0.5 sen to 13 sen with over eight million shares traded. Sapura Energy has secured major contract wins and extensions worth RM1.2bil in Malaysia and Thailand for its engineering and construction (E&C), operations and maintenance (O&M) and drilling segments. For its E&C segment, its unit Sapura Offshore Sdn Bhd secured contracts from PTTEP Sarawak Oil Limited (PTTEP) and EnQuest Petroleum Production Malaysia Ltd (EnQuest) under the Pan Malaysia Transportation and Installation of Offshore Facilities 2021 campaign. For its O&M segment, its subsidiary Sapura Fabrication Sdn Bhd secured contracts from EnQuest, as well as Sarawak Shell Bhd and Sabah Shell Petroleum Company Limited.

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