Abrupt FPSO cancellation a major setback for Bumi Armada, says Maybank IB

Bumi Armada's total order book as at end-March 2016 was RM36.4bil

KUALA LUMPUR : Maybank IB Research is reviewing its earnings forecast for Bumi Armada Bhd following the surprising cancellation of its floating production storage and offloading (FPSO) contract in the Balnaves field in northwestern Australia.

 

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Subscribe

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Subscribe

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only

Subscribe
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Report it to us.

Next In Business News
Nestcon secures two large-scale solar projects in Sabah
Batik Air expands with new Beijing and Changsha routes from March 2025
Rise in oil prices lifts ringgit higher at close
Pan Merchant Bhd eyes ACE Market listing
BHIC disposes of stake in CAD to German company for RM54mil
iCents Group seeks ACE Market listing
Starbucks strike to expand to over 300 US stores on Christmas Eve, union says
FBM KLCI climbs back above 1,600 points on Christmas boost
PNB remains optimistic about Malaysian economy, FBM KLCI next year
Oil prices rise in thin pre-Christmas trade

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.