bullmarket1628

Walaoeh, oil price continue to spike up like mad !
Brent closed at=> $99.41 +2.57 +2.65%

Like that today Alam going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

2022-02-25 07:11

tikuskecik

rubbish company ....really rubbish ...those people work in this company got salary paid or not ? those directors are all hibernate ? sleep for years ....useless

2 months ago

bullmarket1628

Walaoeh, oil price continue to spike up to sky high !
Brent closed at=> $107.02 +$9.05 +9.24%

Like that today Alam going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

2 months ago

zenbeginner

Bullmarket, so positive...oil price going up but Alam still not up

2 months ago

Tunjung

Esok naik 10 sen

2 months ago

bullmarket1628

Announcement details
ALAM MARITIM RESOURCES BERHAD
Description: LETTER OF CONTRACT

https://www.bursamalaysia.com/market_information/announcements/company...

1. INTRODUCTION
The Board of Directors of Alam Maritim Resources Berhad ("ALAM? or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has recently been awarded with the respective Letter of Award for Provision of Transportation, Installation & Pre-Commissioning of Flexible Risers and Other Appurtenances for Cendor Pipeline Project for Petrofac Malaysia (?Contract?).
2.������ SALIENT TERMS OF THE CONTRACT
The Contract is awarded on lump sum basis wherein the total Contract Price is approximately Ringgit Malaysia Fifty-Two Million (RM52,000,000.00). Contract is expected to complete on 21 July 2022.
3.������ FINANCIAL EFFECTS
The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 30 June, 2022 and 2023. Notwithstanding this, the Contract will not have any material effect on the share capital and shareholding structure of ALAM.
4.������ RISKS ASSOCIATED WITH THE WORK ORDERS
The risk factors associated with the Contract include execution and operational risks such as availability of vessels, skilled manpower, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake these Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5.������ DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract.
6.������ DIRECTORS' STATEMENT
The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company.

The announcement is dated 2 March 2022.

2 months ago

bullmarket1628

Alam Maritim Resources secures RM52m contract for Cendor Pipeline Project
Tan Siew Mung/theedgemarkets.com
March 02, 2022 18:03 PM

https://www.theedgemarkets.com/article/alam-maritim-resources-secures-...

KUALA LUMPUR (March 2): Alam Maritim Resources Berhad announced on Wednesday (March 2) that it has received a Letter of Award for a RM52 million contract in respect to the Cendor Pipeline Project by Petrofac Malaysia.
The company said in a statement that�the letter of award, which is secured by its wholly-owned subsidiary Alam Maritim (M) Sdn Bhd, is for the provision of transportation, installation and pre-commissioning of flexible risers and other appurtenances for Cendor Pipeline project.
The contract is expected to complete on July 21, 2022.

2 months ago

bullmarket1628

Alam�Maritim?5200???
Tan Siew Mung /theedgemarkets.com

March 02, 2022 18:23 pm +08


????2???Alam�Maritim�Resources�Bhd?????Petrofac Malaysia??5200???Cendor???????????
??????????????????Alam Maritim???????????????????Cendor????????????????????????????
???????2022?7?21????


?????Alam�Maritim????????6??2022?2023??????????????????
???????0.5??14.29%???3?????4594????
??????????65%?
�
????????

2 months ago

bullmarket1628

Cannot post news in Mandarin ?

2 months ago

Invest123

Shoot up....

2 months ago

zenbeginner

Aik, takda jalan...

2 months ago

bullmarket1628

Oil price surges to multi-year highs as Russian supply shortfall looms
Energy Saturday, 05 Mar 2022
6:43 AM MYT

https://www.thestar.com.my/business/business-news/2022/03/05/oil-price...

NEW YORK: Oil surged on Friday, ending the week at multi-year highs as Russia's invasion of Ukraine intensified and oil buyers shunned barrels from the world's second-largest exporter of crude.
Crude prices posted their largest weekly gains since the middle of 2020, with the Brent benchmark up 21% and U.S. crude gaining 26%. The most commonly traded oil futures closed at levels not seen since 2013 and 2008, respectively.
Oil surged throughout the week as the United States and allies heaped sanctions on Russia that, while not aimed at Russian oil and gas sales, nonetheless squeezed its industry, and threatens a growing supply crunch in coming months.
Brent LCOc1 futures rose US$7.65, or 6.9%, to settle at $118.11 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $8.01, or 7.4%, to end at $115.68.

That was the highest close for Brent since February 2013 and for WTI since September 2008. During the week, Brent rose to its highest intraday since May 2012 and WTI its highest since September 2008.

Russia exports 4 million to 5 million barrels of oil daily, making it the second-largest crude exporter in the world after Saudi Arabia. Traders were barely able to sell Russian oil all week, with Shell PLC SHEL.L on Friday the only notable buyer of a Russian cargo, which was sold at a steep $28-discount to physical Brent crude. The tumult is likely to continue. The Biden administration, under pressure from lawmakers from both major parties, said it is considering options for cutting U.S. imports of Russian oil even as it tries to minimize the impact on global supplies and on consumers.
"While U.S. oil imports from Russia are small in a global context," UBS analyst Giovanni Staunovo said crude prices rallied late in the day because "some market participants might be concerned that other countries might follow that step."
Britain will look to target Russia's energy sector in future rounds of sanctions, its foreign minister said Friday. The government has resisted this move so far, due to concerns that it will push up energy bills. Most Americans support the idea of banning Russian oil imports, with 80% saying the United States should stop buying Russian oil, according to a Reuters/Ipsos poll completed on Friday.
Canada banned imports of Russian oil earlier in the week. Russia's largest buyers include China, South Korea, Germany and the Netherlands. Some refiners have stopped buying Russian oil, and trading firms are reluctant to transact with Russian sellers for fear of more sanctions.
Indirect talks between Iran and the United States on reviving the 2015 Iran nuclear deal were close to reaching an agreement, the chief British envoy said on Friday as she and her French and German colleagues flew home to brief ministers. Analysts said such an agreement could add another 1 million barrels of daily supply to the market, but that would not be enough to offset declining supply from Russia.More oil supplies are set to be added from a coordinated release of just over 60 million barrels of oil reserves by developed nations, agreed this week. Japan said on Friday that it plans to release 7.5 million barrels of oil.

2 months ago

masterus

Crude oil price
Wti $126 per barrel
Brent $130 per barrel

2 months ago

citadel888

so???

2 months ago

nicholas99

high oil price also can rugi teruk..

2 months ago

zenbeginner

Volume higher than usual....some already can't wait to sell

2 months ago

zenbeginner

Oil price has no impacts to Alam. Their businesses are based getting projects from Offshore support vessels and services, and Subsea services. Unless the oil prices drive up the demand for Alam services, canlah. But i am sure their competitors are also eyeing same projects

2 months ago

bullmarket1628

Walaoeh, oil price continue to spike up crazily !
Brent closed at=> $129.55 +6.34 +5.15

Like that today Alam going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

2 months ago

bullmarket1628

Biden announces ban on Russian oil imports, calling it 'Putin's price hike'
March 8, 2022, 9:43 PM +08�/�Updated�March 9, 2022, 2:25 AM +08
By Kristen Welker, Peter Alexander and Rebecca Shabad
https://www.nbcnews.com/politics/politics-news/us-ban-russian-oil-impo...

WASHINGTON ? President Joe Biden announced Tuesday that the U.S. will target "the main artery of Russia's economy" by banning the import of Russian energy products.
"We're banning all imports of Russian oil and gas and energy," Biden said in remarks from the White House. "That means Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin's war machine."

The president warned that the move would probably increase gas prices in the U.S., but that it was necessary to ramp up sanctions pressure on Russia's economy for its war on Ukraine.�
?Putin's war is already hurting American families at the gas pump," Biden said. "I?m going to do everything I can to minimize Putin's price hike here at home.?
Biden's language clearly anticipated a concerted Republican effort to blame him directly for the rise in gas prices, which hit a record in the U.S. on Tuesday. With gas prices certain to become a huge political issue in this year's midterm elections, Biden devoted much of his remarks to focusing American anger directly on Putin, while also encouraging U.S. energy companies to produce more domestic oil.
The president said the U.S. had made the decision to ban Russian energy products "in close consultation" with allies around the world, particularly in Europe. He said many of those partners may not be able to take the same action.
"The United States produces far more oil domestically than all of Europe," said Biden, who said the U.S. is a net exporter of energy. "We can take this step when others cannot, but we're working closely with Europe and our partners to develop a long-term strategy to reduce their dependence on Russian energy as well."

2 months ago

bullmarket1628

Oil surges as U.S. bans Russian crude, Britain to phase out purchases
By Shariq Khan. 9-3-2022

https://www.reuters.com/business/oil-see-saws-near-14-yr-highs-us-weig...

BENGALURU, March 8 (Reuters) - Oil prices settled around 4% higher on Tuesday as the United States banned Russian oil imports and Britain said it will phase them out by year end, decisions expected to further disrupt the global energy market where Russia is the second-largest exporter of crude.
Oil prices have surged more than 30% since Russia invaded Ukraine, and the United States and other countries imposed a raft of sanctions. Russian oil and gas exports were already being shunned before the ban as traders sought to avoid running afoul of future sanctions.
U.S. President Joe Biden announced a ban on Russian oil and other energy imports. Britain said it will phase out the import of Russian oil and oil products by the end of 2022, giving the market and businesses time to find alternatives.

Brent crude futures settled at $127.98 a barrel, 3.9% higher, while U.S. crude futures settled at $123.70 a barrel, a 3.6% increase.

Russia ships 7 million to 8 million barrels per day of crude and fuel to global markets. European allies are not expected to join the United States in the ban, but major buyers there are already shunning Russian oil. Shell, the one notable major that did buy Russian crude, faced a torrent of criticism, including from Ukraine's foreign minister. On Tuesday, Shell said it would no longer buy Russian oil.
The disruption could ripple through other energy markets, as Russian oil and products are used for refining into other goods...

2 months ago

zenbeginner

Walaoeh, oil price continue to spike up crazily !
Brent closed at=> $129.55 +6.34 +5.15

Like that today Alam going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

Walao eh, went down 2.5 from 3.5, huat ah, ong ah...LOL

2 months ago

bullmarket1628

Malaysia will reopen its borders to international travellers on April 1, says PM
By JOSEPH KAOS
Tuesday, 08 Mar 2022 5:44 PM MYT

https://www.thestar.com.my/news/nation/2022/03/08/malaysia-will-reopen...

KUALA LUMPUR: Malaysia will reopen its borders to international travellers starting April 1, says Datuk Seri Ismail Sabri Yaakob on Tuesday (March 8).
The Prime Minister said visitors, as well as Malaysian returnees, who are fully vaccinated are not required to undergo quarantine upon arrival.
They, however, must undergo a RT-PCR test two days before departure and a rapid test (RTK) upon arrival.
As for travellers who have not been fully vaccinated, Ismail Sabri said the entry procedures will be explained by Health Minister Khairy Jamaluddin on Wednesday (March 9).
?As part of our ?Transitioning to Endemicity? phase, the government has decided to reopen the country?s borders from April 1.
?This move will revive the country?s economy, especially the tourism industry that has been heavily affected by the pandemic.
?The decision is made based on science and current facts related to Covid-19, as well as the reopening of borders in other countries...

2 months ago

roslaom

Takde walaoeh oil price ke hari ni? Hehehe

2 months ago

DINGYEH

stuck inside at 10sen @160lots

2 months ago

Shines

Confusing lots, is 1lot 1000 shares or 100 shares

2 months ago

DINGYEH

1lot 100

2 months ago

bullmarket1628

Oil Prices Jump As European Countries Consider Banning Russian Crude
By Tsvetana Paraskova - Mar 21, 2022, 9:00 AM CDT

https://www.google.com/amp/s/oilprice.com/Energy/Oil-Prices/Oil-Prices...

Oil prices rallied early on Monday amid EU consultations about potentially joining the U.S. in banning imports of Russian oil.
As of 7:45 a.m. ET on Monday, WTI Crude was up 3.87% at $108.91 and Brent Crude was trading up 3.93% at $112.30. 

2 months ago

bullmarket1628

Oil jumps 5% as Caspian pipeline disruption adds to supply fears
By David Gaffen
March 24, 20223:17 AM GMT+8
Last Updated 4 hours ago. Energy

https://www.reuters.com/business/energy/oil-prices-resume-climb-after-...

NEW YORK, March 23 (Reuters) - Oil prices jumped 5% to over $121 a barrel on Wednesday as disruptions to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies.
The situation adds to market worries about the ripple effect of heavy sanctions on Russia, the world's second-largest crude exporter, after its invasion of Ukraine.
The CPC pipeline is a significant supply line for global markets, carrying around 1.2 million barrels per day of Kazakhstan's main crude grade, or 1.2% of global demand.

Brent crude futures settled up $6.12, or 5.3%, to $121.60, while U.S. West Texas Intermediate (WTI) crude futures rose $5.66, or 5.2%, to $114.93 a barrel.
Oil benchmarks have been steadily rallying since Russia invaded Ukraine a month ago in what it calls a "special operation" and United States and its allies slapped heavy sanctions on that nation, disrupting worldwide oil trade.
Russia exports between 4 million and 5 million barrels of crude every day, making it the world's second-largest exporter behind Saudi Arabia. Analysts have varying estimates of how much oil will be unable to make it to market.

2 months ago

Karma4444

Alam eat my money,stuck at 10sen

1 month ago

zenbeginner

Very quiet........

1 month ago

cbw2071

Bila nk jln counter ni... Minyak mhl pn x jln ... Very Slow ... Goreng lh buat raye...

1 month ago

bullmarket1628

Walaoeh, oil price spike up Like mad!
Brent closed at=> $110.14 +5.17 +4.93%

Like that today Alam going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

3 weeks ago

bullmarket1628

Oil price jumps US$5 a barrel as EU nears ban on Russian oil
Thursday, 05 May 2022 7:13 AM MYT

https://www.thestar.com.my/business/business-news/2022/05/05/oil-price...

NEW YORK: Oil prices jumped on Wednesday, as the European Union, the world's largest trading bloc, spelled out plans to phase out imports of Russian oil, raising concerns about further market tightness as those nations hunt for adequate supply.
Crude benchmarks have risen steadily over the past two months following Moscow's invasion of Ukraine. Until now, the European Union has been reluctant to fully cut off imports of Russian oil and gas, and its plans still do not suggest a full ban for all EU members.
Europe imports some 3.5 million barrels of Russian oil and oil products daily, and also depends on Moscow's gas supplies.
"Inventories are so tight, so against this backdrop, when you're talking about this ban, there are a lot of questions on how (Europe) is going to make up for this," said Phil Flynn, senior analyst at Price Futures Group.
Brent crude LCOc1 futures settled up $5.17, or 4.9%, to $110.14 a barrel. West Texas Intermediate crude CLc1 futures settled at $107.81 a barrel, up $5.40, or 5.3%.
European Commission President Ursula von der Leyen on Wednesday proposed a phased oil embargo on Russia, as well as sanctioning Russia's top bank.
The Commission's measures include phasing out supplies of Russian crude within six months and refined products by the end of 2022, von der Leyen said. She also pledged to minimise the impact of the move on European economies.

Hungary and Slovakia, however, will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters.
Russia could offset the loss of one of its primary customers by selling oil to other importers including India and China. Neither country has stopped buying from Moscow.
Needs for much greater supplies are not likely to be met at a meeting on Thursday of the Organization of Petroleum Exporting Countries and allied producers. OPEC+ is expected to stick to its plan for a gradual ramp-up of monthly production.
In the United States, crude stocks rose modestly last week, according to the U.S. Energy Information Administration. Stocks were up 1.2 million barrels as the United States released more barrels from its strategic reserves.
Fuel stocks fell, in part due to stronger exports of products since Russia's invasion as buyers have sought other sources. EIA/S
The markets largely shook off the Federal Reserve's announcement that it would raise interest rates by a half percentage point to try to bring down rising inflation.
"The market was up so strong before the announcement I think (the Fed) was a foregone conclusion," said Gary Cunningham, director of market research at Tradition Energy.- Reuters

3 weeks ago

aiman777

someone try to wake up this counter but looks like trap

2 weeks ago

zenbeginner

Why trap?

2 weeks ago

RWG

next week, anwar and najib will debate save alam maritim

1 week ago

bullmarket1628

I think now O & G counters start booming is because the election is coming soon, market has to be hot hot only people can vote them to Win...

For those party whom can make market spike up like as 1990-1997 crazy hot stock market period, I will vote he/she Win !

Heng ah, Ong ah, Huat ah !

1 week ago

Expertise

Hot of the counter now..cash is king

1 week ago

bullmarket1628

Walaoeh, What happened?
super damn hot man Alam today !
Morning session Alam
closed at => 0.045 (+0.015) (+50 %) !

Heng ah, Ong ah, Huat ah !

1 week ago

bullmarket1628

Wow, Amazing !
Now Alam already traded at=>
0.05 +0.02 +66.7 %

Heng ah, Ong ah, Huat ah !

1 week ago

HungryLokLok

BIG STORY BIG BISCUIT COMING

1 week ago

zenbeginner

Mana big biscuit….

1 week ago

Selina888

Noticed these companies who have similar characteristics performed quite badly. Don't they know how to do business? Still scrathcing my head to find the reasons behind.

1 week ago

bullmarket1628

Report: MoF Inc eyeing financial support for Sapura Energy 
Saturday, 21 May 2022 7:20 PM MYT
By John Bunyan

https://www.malaymail.com/amp/news/malaysia/2022/05/21/report-mof-inc-...

KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.

Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.

"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.

It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......

4 days ago

saparuddin1973

Meroket

4 days ago

bullmarket1628

财经新闻
财政部机构出手救沙布拉能源?
2022年05月21日
https://www.enanyang.my/财经新闻/财政部机构出手救沙布拉能源

（吉隆坡21日讯）财政部机构将出手救助陷入财困的沙布拉能源（SAPNRG，5218，主板能源股）？
财经周刊《The Edge》引述消息人士透露，政府如今打算透过直接隶属于财政部的财政部机构（MoF Inc），援助这家深陷困境的油气服务供应商。

“据我所知，站出来的将是财政部机构。目前正在讨论的是某些援助方案……可能是某种形式的赠款，预料很快会宣布。”

报道也指出，财政部长东姑扎夫鲁早在数周前，就着手拯救沙布拉能源的计划，但政府透过哪家官联机构出手却一直是个疑问。
财政部机构是在1957年财政部机构法令下设立的官联机构，主要目的是投资在私人界缺乏兴趣的社会服务领域。

国家石油（Petronas）、国库控股（Khazanah），以及一马发展公司和负责拯救朝圣基金局的Urusharta Jamaah私人有限公司等，都隶属于财政部机构。
前首相拿督斯里纳吉建议由国家石油出手相救，但市场观察员认为，作为沙布拉能源的客户，国油收购其承包商并非好主意。
而沙布拉能源的最大股东国民投资机构（PNB），在重压下料也不敢贸然伸出援手。

2018年沙布拉能源发行附加股筹资40亿令吉时，国民投资机构豪掷接近27亿令吉，购入大量未被认购的附加股，让手中持股从原本的12.6%，大增至接近40%。
然而，这笔无法为单位基金持有人带来收益的投资，已经引发投资者的不满。
曾经是全球第二大油气服务供应商的沙布拉能源，1月杪的短期债务已经飙高至106.6亿令吉，其严峻的财务危机，已经引发政商界的高度关注。

4 days ago

cashflow

Just park some here. Anytime can rally

2 days ago

koyokui

Buy oil n gas up

1 day ago

HungryLokLok

oil n gas still got story ?

1 day ago

SengGor1011

susah skrang

15 hours ago