Coastal Contract News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KUALA LUMPUR: The FBM KLCI looks poised to extend its decline for a sixth straight session as it ended the morning session in negative territory.

KUALA LUMPUR: The FBM KLCI ended the morning on a flat note after investors were quick to take profit from an early morning rally.

COASTAL Contracts Bhd’s foray into Mexico is bearing fruit. In February last year, the oil and gas (O&G) outfit bagged its first onshore gas sweetening plant in Mexico, known as the Perdiz Plant, via its 50% joint venture Coastoil Dynamic SA de CV (CDSA) for the Ixachi gas field from Pemex — the state-owned petroleum company — worth RM258.7 million. The project includes engineering, procurement and construction (EPC) of a plant with a capacity of 80 million standard cu ft per day (MMSCFD), as well as 32 months of operation and maintenance contract.

KUALA LUMPUR: Coastal Contracts Bhd has announced that a consortium led by its joint venture company Coastoil Dynamic SA De DV has entered into a service agreement with Pemex Exploracion and Produccion to undertake an onshore gas conditioning plant project, with a contract value of about RM4.5bil.

KUALA LUMPUR (Feb 2): Coastal Contracts Bhd is venturing into the chartering of liftboats — self-propelled, multifunctional, self-elevating platform-based vessels with large open decks to support various offshore maintenance and construction works — via the acquisition of a Singaporean firm. According to a Bursa Malaysia filing, Coastal Contracts' unit Coastal Drilling Pte Ltd (CDPL) and its strategic business partner JUB Pacific Pte Ltd have acquired stakes of 80% and 20% respectively in Elite Point Pte Ltd (EPPL) for S$8,000 (RM24,318.31) and S$2,000. "Upon the completion of the Acquisi...