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1-10 results from 1000 for query «oil»

April 25, 2018 2:46 PM Kuwait expels Philippine envoy amid tensions over domestic workers

KUWAIT CITY: Kuwait said Wednesday it is expelling the Philippine ambassador and recalling its envoy from Manila as tensions rise over the treatment of domestic workers. Official news agency KUNA said the Philippine ambassador had been given a week to leave oil-rich Kuwait, amid a diplomatic row between the two nations sparked by the murder of a Filipina 7

April 25, 2018 2:55 AM 10 killed, dozens injured in illegal Indonesia oil well fire

BANDA ACEH, Indonesia: At least 10 people have been killed and dozens more injured after a fire at an illegal oil well in Indonesia's Aceh province, authorities said Wednesday. An oil spill sparked a huge blaze about 1.30am (2.30am Malaysia) in a residential area that torched at least three houses and was still out of control mid-morning. "The [fire] 11

April 24, 2018 8:51 AM Lotte Chemical not seeing margin squeeze despite rising oil prices

KUALA LUMPUR: Despite higher oil prices, petrochemical firm Lotte Chemical Titan Holdings Bhd foresees its profit margin remaining at a reasonable level given strong demand for petrochemical products with limited market supply capacity. "Our business is a margin game. As long as there is strong demand with limited supply, the margin will be maintained 7

April 24, 2018 7:12 AM Sumatec signs MoA with China National Petroleum’s subsidiary

PETALING JAYA: Sumatec Resources Bhd has inked a memorandum of agreement (MoA) with Liaohe Oilfield of CNPC, a subsidiary of China National Petroleum Corp (CNPC-Liaohe) for the exploration and development of the Rakushechnoye oil and gas field project. Under the MoA, CNPC-Liaohe will provide full technical service including subsurface, drilling and production 5

April 19, 2018 12:18 PM Firmer oil price helps push Bursa Malaysia to close at all-time high

A view of the bursa stock market exchange board in RHB Investment Bank in Kuala Lumpur February 6, 2018. — Picture Ahmad ZamzahuriKUALA LUMPUR, April 19 — The international benchmark Brent crude oil price, which rallied to as high as US$74.44 (RM289) a barrel today, helped give Bursa Malaysia a boost to enable the FBM KLCI to close at an all-time high of 1,895.18, up 15.86 points 10

April 19, 2018 3:30 AM T7 Global down despite securing new contracts

PETALING JAYA: T7 Global Bhd's share price dropped one sen or 1.92% this morning, despite securing three new contracts with a total value of RM63 million. At 11.07am, the stock, which was among the top active counters, stood at 51 sen. Its market capitalisation stood at RM216 million. Yesterday, the group said the first contract was from Murphy Sarawak 9

April 18, 2018 5:38 AM T7 Global clinches three contracts worth RM63m

PETALING JAYA: T7 Global Bhd has bagged three contracts with a total value of RM63 million. The offshore oilfield services provider told Bursa Malaysia that its subsidiary Wenmax Sdn Bhd had on January 15 received a letter of award from Murphy Sarawak Oil Co Ltd for the provision of maintenance services, spare parts and consumables for Gastec nitrogen 9

April 17, 2018 7:52 AM Crewman missing in oil drilling vessel fire

MIRI: An offshore oil and gas drilling vessel, Ocean Geos, caught fire near Baram in the South China Sea today. It is learnt that in the 3am incident, an explosion occurred in the ship's engine room which led to the fire. A search and rescue operation is underway to find the missing Malaysian crewman, said the Malaysian Maritime Enforcement Agency Miri chief 16

April 17, 2018 6:38 AM Mier sees inflation moderating to 3pc

Executive Director of Mier Zakariah Abdul Rashid speaks at the 23rd Corporate Economic Briefing in Kuala Lumpur April 17, 2018. — Picture by Miera ZulyanaKUALA LUMPUR, April 17 — Malaysia’s inflation rate is set to dip to 3 per cent in 2018 on the back of the local currency’s recovery, according to the Malaysian Institute of Economic Research (Mier) 9

April 16, 2018 1:05 PM India’s palm oil imports higher due to Malaysia’s duty suspension

File picture shows a worker unloading oil palm fruits from a lorry inside a palm oil factory in Salak Tinggi, outside Kuala Lumpur August 4, 2014. — Reuters picNEW DELHI, April 16 — India’s palm oil imports for the five-month period to March 2018 increased to 3.79 million tonnes from 3.55 million tonnes a year earlier, thanks to Malaysia’s export duty suspension 13