Bumi Armada secures third FPSO project in India

Malaysian offshore energy facilities and services provider Bumi Armada, through joint venture company Shapoorji Pallonji Bumi Armada Godavari (SPBAG), has received a notification of award from Indian state-owned oil company Oil and Natural Gas Corporation (ONGC) for the charter hire and operations of an FPSO vessel.

COLUMN | MMA Offshore: iCall offshore BS! [Offshore Accounts]

What to do when your core business is floundering, when your terrible results for the July to December 2017 period were surpassed only by your truly dreadful results for the same period in July to December 2018, and when, despite a million Aussie dollar package for your managing director, his cost cutting drive has resulted in an actual increase in administrative costs?

Bumi Armada posts net loss for Q2 2018

Malaysia-based international offshore energy facilities and services provider, Bumi Armada, recently announced a net loss of RM585.5 million (AUD$194.8 million) for the second quarter of 2018. The loss follows profits of RM48.4 million in the first quarter of 2018 and RM116.6 million profit in the second quarter of 2017.

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