Sign up | Log in



Home  >>   Daily News  >>   Malaysia News  >>   Energy  >>   Malaysia local energy drive
NEWS UPDATES 6 August 2010

Malaysia local energy drive

Related Stories

May 6, 2010
Malaysia government’s nuclear plan draws strong criticism

May 2, 2010
Malaysia's Petronas in talks to develop oil blocks in Brunei

April 9, 2010
Malaysian firm in Vietnam power plant project

April 1, 2010
Malaysian state energy firm to leave Cambodia in April

July 26, 2009
Malaysian state energy firm to leave Cambodia in April

Malaysia's oil and gas service providers are expected to secure at least RM10 billion-RM15 billion worth of jobs in the next 18 months, said ECMLibra Investment Research.

It said the oil and gas service industry looked promising and vibrant given the line-up of jobs ahead which were expected to be completed between 2013 and 2015.

"The jobs are related to enhanced oil recovery projects, deepwater, onshore downstream and also marginal fields.

"Petronas has already clearly indicated that it was time to step up investments at home given the declining local production and we believe redevelopment projects like Tapis will be the first to go ahead," ECMLibra said in its research note today.

The research house added that the Tapis would likely take off soon followed by deepwater projects and then the front-end engineering and design jobs.

The projects are valued in excess of US$1 billion and Malaysian Marine and Heavy Engineering Holdings (MMHE) Bhd, Kencana and Sime Engineering should be in the running as fabricators," it added.

Similar to Tapis, SapuraCrest could be bidding for installation works and Wah Seong could pitch for coating jobs.

Petra Perdana could also see respite from these fields given their new fleet of deepwater capable vessels.

"With the line-up of jobs ahead, we see 2011 as vibrant for the industry. We maintain our overweight stance on the sector with top picks as SapuraCrest, Wah Seong and Dayang," said ECMLibra.

It added the upcoming listing of MMHE could also be the catalyst for announcement of new jobs in the industry.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand