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Bumi Armada
Bumi Armada Berhad is an oilfield services company which provides marine transportation, engineering and maintenance services to the offshore oil and gas industry. It is based in Kuala Lumpur, Malaysia, and has operations in Southeast Asia, South Asia, West Africa, Central Africa, Europe, South America and the Caspian Sea region. It is the world's fifth largest floating production storage and offloading (FPSO) provider with six vessels. Bumi Armada's operations are divided into two businesses: Floating Production & Operations (FPO) and Offshore Marine Services (OMS), (encompassing Offshore Support Vessels (OSV) and the Subsea Construction (SC) services). The company was incorporated as a public limited company in 1995 and it is part of Ananda Krishnan's Usaha Tegas group. Its shares are listed on the Main Market of Bursa Malaysia Securities Berhad. History Bumi Armada was incorporated in 1995 and first went public in 1997. It became the first Malaysian company to own and ope ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalization, nationalised concer ...
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The Malaysian Insider
''The Malaysian Insider'' (also known as ''TMI'', ''The Insider'', or ''Malay Ins Ins'') was a Malaysian bilingual news site. During its peak, it ranked consistently as one of the country's 100 most popular websites. In June 2009, Alexa ranked it as Malaysia's 57th most popular website. Compete.com estimated that it had almost 19,000 unique visitors in April 2009. On 25 February 2016, ''The Malaysian Insider'' was blocked by the country's Internet regulatory body, Malaysian Communications and Multimedia Commission (MCMC) on the grounds of national security, following continuous publication of defamatory content—an action widely perceived by pro-opposition groups as interference with free speech. After the blocking, the site's owner decided to shut it down at midnight on 15 March 2016, citing financial losses incurred by its parent company The Edge Media Group amounting to RM 10 million in the 20 months since ''The Malaysian Insider''s acquisition. History ''The Malay ...
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Mumbai
Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12.5 million (1.25  crore). Mumbai is the centre of the Mumbai Metropolitan Region, the seventh-most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. Mumbai has the highest number of billionaires out of any city in Asia. The seven islands that constitute Mumbai were earlier home to communities of Marathi language-speaking Koli people. For centuries, the seven islands of Bombay were under the control of successive indigenous rulers before being ceded to the Portuguese Empire, and subsequently to the East India Company in 1661, as part of ...
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CAMAC Energy
Erin Energy Corporation () is a United States based company involved in exploration, development and production of oil and gas. It was formerly known as CAMAC Energy. Its principal assets are in Africa comprising nine licenses across 4 countries, with current production and exploratory projects offshore of Nigeria, as well as exploration licenses offshore of Ghana, Kenya, and Gambia, and onshore in Kenya. In addition, through its Pacific Asia Petroleum subsidiaries, it has operations in China. Corporate The Chairman and CEO is African-American businessman, Kase Lukman Lawal. John Hofmeister, former president of Shell Oil Company, is on the board and will become the Chairman in 2016. It was founded in 2005 as CAMAC Energy and has offices in Houston, Texas, Beijing, China, and Lagos, Nigeria. Ownership Erin Energy was listed on the American Stock Exchange, NYSE Amex Equities until 2018 when it moved its stock to the OTC Markets Group. Operations On 4 August 2014 the compan ...
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Sarawak
Sarawak ( , ) is a States and federal territories of Malaysia, state of Malaysia. It is the largest among the 13 states, with an area almost equal to that of Peninsular Malaysia. Sarawak is located in East Malaysia in northwest Borneo, and is bordered by the Malaysian state of Sabah to the northeast, Kalimantan (the Indonesian portion of Borneo) to the south, and Brunei in the north. The state capital, Kuching, is the largest city in Sarawak, the economic centre of the state, and the seat of the Sarawak state government. Other cities and towns in Sarawak include Miri, Malaysia, Miri, Sibu, and Bintulu. As of 2020 Malaysia census, the population of Sarawak was 2.453 million. Sarawak has an equatorial climate with tropical rainforests and abundant animal and plant species. It has several prominent cave systems at Gunung Mulu National Park. Rajang River is the longest river in Malaysia; Bakun Dam, one of the largest dams in Southeast Asia, is located on one of its tributaries, the ...
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Afren
Afren plc was an international independent oil exploration and production company. It was formerly listed on the London Stock Exchange, however it was de-listed in 2015. The company was placed in administration in July 2015. History The company was founded in 2004 by the Europe-based West African entrepreneur Ethelbert Cooper, with assistance from the former OPEC president and secretary general Rilwanu Lukman, as an exploration and production company focused on Africa. Most of Afren's production is in Nigeria. After the initial public offering in March 2005, Afren rapidly expanded its portfolio across six countries: Nigeria, São Tomé & Príncipe JDZ, Gabon, Republic of the Congo, Côte d'Ivoire, Ghana and Iraqi Kurdistan. In March 2015, Afren reported lenders approved a three-month payment deferral for a $300 million debt facility. Afren said it won a payment deferral for a $50 million amortization payment for a $300 million Ebok debt facility that was due 31 January. On ...
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Okoro Oilfield
Okoro Oilfield is an oilfield located offshore Nigeria in an average water depth of in the eastern Niger Delta. The field is located in OML 112 block (formerly OPL 469). The Okoro Oilfield is operated and owned entirely by Amni. History Okoro was discovered in 1973 by Japan Petroleum with the drilling of Okoro-1 well. The well penetrated the two oil bearing sands between 4,900 and in the Agbada Formation and was logged and tested. One of oil zone flowed and 1,000 BW and well was deemed commercial discovery. Okoro-2 follow up appraisal well was drilled in Nov 1974 by Japan Petroleum at the eastern extension of the field but it was water wet. Okoro-2 appraisal well confirmed the presence of both reservoir sands. The field is covered by good quality 3D seismic data which was acquired by Mobil Corporation. Amni International Petroleum Development Company Limited (AMNI) was originally granted oil prospecting licence (OPL) 469 on a sole risk basis on 24 August 1993 for a term of 5 ...
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The Star (Malaysia)
Star Media Group Berhad (doing business as The Star; ) is a conservative English-language newspaper in Malaysia. Based in Petaling Jaya, it was established in 1971 as a regional newspaper in Penang. It is the largest paid English newspaper in terms of circulation in Malaysia, according to the Audit Bureau of Circulations. It has a daily circulation of about 250,000 (), far eclipsing the circulation of its next-largest paid English-language competitor, the ''New Straits Times'' (which has a circulation of approximately 65,000). ''The Star'' is a member of the Asia News Network. It is owned by the publicly listed Star Media Group. History The daily newspaper was first published on 9 September 1971 as a regional newspaper based in Penang. ''The STAR'' went into national circulation on 3 January 1976 when it set up its new office in Kuala Lumpur. In 1978, the newspaper headquarters were relocated to Kuala Lumpur. ''The Star'' continues to expand its wings over the years. In 19 ...
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FinanceAsia
''FinanceAsia'' is a Hong Kong–based publication reporting on Asia Pacific’s financial and capital markets through a daily website and weekly newsletter. At the end of 2005, ''FinanceAsia'' was acquired by Haymarket Group Haymarket Media Group is a Privately held company, private media company headquartered in London, United Kingdom. It has publications in the consumer, business and customer sectors, both print and online. It operates exhibitions allied to its ..., the largest privately owned publishing company in the UK, created in part by Lord Heseltine, the former UK deputy prime minister. ''FinanceAsia'' ''FinanceAsia'' was established in 1996 as a monthly magazine and has since evolved into a more digital format with daily news and a weekly newsletter sent by email. ''FinanceAsia'' organises two annual awards for Asia's financial industry, the ''FinanceAsia'' Achievement Awards, which each year recognise the region's most significant transactions and the financial ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ...
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Bloomberg Business
''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in September 1929. Since 2009, the magazine has been owned by Bloomberg L.P. and became a monthly in June 2024. History 1929–2008: ''Businessweek'' ''The Business Week'' was first published based in New York City in September 1929, weeks before the stock market crash. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made it one of the first publications to cover national political issues that directly impacted the business world. The name of the magazine was shortened to ''Business Week'' in 1934. Originally published as a resource for business managers, the magazine shifted its str ...
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Biruința (ship)
''Biruința'' (Romanian equivalent for ''Triumph''), renamed ''Iris Star'' and later ''Histria Crown'', is a Romanian crude oil tanker. History MT ''Biruința'' was one of the biggest ships of the Romanian commercial fleet, owned and managed by the then Romanian state owned Shipping Company (Navrom). It was sold after the Romanian Revolution of 1989, and six years of service, to the Romanian private shipping company "Petromin", changing its name to M/T ''Iris Star''. The ship was then bought by the Romanian shipping company Histria Shipmanagement having its name changed again to M/T ''Histria Crown'', in 2005. In 2009, after an extensive refit in Keppel Shipyard (Singapore), the ship was converted into a FPSO (Floating production storage and offloading) and given a new name, ''Armada Perdana''. It was still in use of the coast of Nigeria (Oyo Oil Field), as of 2018. In 2019, the ship was renamed ''Tamara Tokoni''. Incidents On July 27, 2000, the ship lost power after an engin ...
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