Oman saw bumper demand in its first dollar-denominated sukuk sale since 2018 on Tuesday, as the rise in oil prices over the last year and a fiscal consolidation plan helped investors shelve worries about a break-neck rise in debt levels.
Brazil's state-run oil giant Petroleo Brasileiro SA will close its Mexilhao platform and Rota 1 gas pipeline for 30 days on Aug. 15 for scheduled repairs, it said in a securities filing on Friday.
Australian stocks declined on Friday as sliding commodity prices weighed on resource-heavy sectors, with a weaker finish on Wall Street overnight denting sentiment.
By Reuters Staff
(Adds details on independent firm, committee tasked with reviewing auditing issues; background)
KUALA LUMPUR, June 4 (Reuters) - Independent non-executive directors at Malaysia’s Serba Dinamik Holdings Bhd have expressed shared concern over issues flagged by the company’s auditor.
In a statement on Thursday, the directors said the oil and gas services company’s management, together with the board, is taking steps to resolve matters and will appoint an independent firm to assess the issues “independently and objectively”.
The directors also said the appointed firm will report its assessment results to a committee which, to ensure independence, will have no representation from management.