BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.555
Today's Change
0.00 (0.00%)
Day's Change
0.55 - 0.56
Trading Volume
16,667,500
Profile
BUMI ARMADA BERHAD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: ENERGY ENERGY
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Index Group: ENERGY ENERGY
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: No No
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
Description
Bumi Armada Bhd is a Malaysia-based international provider of offshore energy facilities and services. The company?s revenue is derived from business segments including floating production, storage, and offloading, or FPSO, operations; floating gas solutions; and offshore marine services. Under the FPSO unit, vessels are designed to meet the requirements of a customer?s reservoir and operational environment. Alongside this unit, the company engages in the production and imports segments of the liquefied natural gas value chain through its floating gas solutions segment. Furthermore, support and construction vessels are offered to a range of international customers under the offshore marine services segment. The company also provides a slew of support services to customers.
Address
Discussions
45 people like this. Showing 50 of 72,067 comments
Or maybe they are disposing, as much as they can without breaking the market.
1 week ago
In the United States, the world's largest oil producer and consumer, crude oil inventories fell by 4.4 million barrels in the week ended July 12 . Oil 🆙
https://www.thestar.com.my/business/business-news/2024/07/17/oil-prices-edge-up-on-us-inventories-but-china-caps-gains
1 week ago
Sonnia I think you're in the wrong company. Not suited to what you are looking for (movement with oil prices).
1 week ago
Robert Waters, you could probably be right but the saving grace is that downside is limited (says he)..glad am out of this but if it falls to the silly price region may reconsider..
1 week ago
This counter has a potential to deliver profit to all of us long in the game to greater extent than the darlings like Yinson, but it will likely take longer and be less profitable than we hoped for.
1 week ago
Pharos Operation Update:
TGT Revised Field Development Plan (RFDP) was approved by the Ministry of Industry and Trade (MOIT) on 9 January, enabling the two-well drilling programme to commence in 3Q
1 week ago
CNV RFDP agreed by all Partners and awaiting formal approval
Positive progress towards obtaining TGT and CNV licence extensions
Discussions continue with several interested parties in preparation for the drilling programme on Block 125
1 week ago
Again, based on my checking with Pharos Energy, the extension to the FPSO charter has been agreed to in principle but no formal signing has taken place.
Basically, they will not be proceeding with drilling two new wells unless there is a charter extension to the FPSO, which expires at the end of this year.
The FPSO will either be extended for a 7 year firm period, or for a 2 year firm + 5 year option period.
1 week ago
BMI, a subsidiary of Fitch Solutions, expects that as Petronas actively invests in overseas liquefied natural gas (LNG) projects and expands its global LNG portfolio, it will promote further expansion of LNG transactions in the country.
According to a BMI statement, Petronas has invested in the Gladstone project in Australia and the LNG project in Canada, and recently participated in the production sharing contract (PSC) of the Masela oil field with a 15% stake, including the Abadi LNG project in Indonesia.
It is understood that the Indonesian government approved the development plan of Masela in December last year, and Petronas and its partners have not yet made a final investment decision on the Abadi project.
There was also an agreement signed last year with Bumi Armada (ARMADA, 5210, Main Board Energy Stock) and PT Davenergy Mulia Perkasa, the natural gas subsidiary of Indonesia's National Petroleum Corporation (Pertamina), to develop a floating LNG project using feed gas from Madura and surrounding oil fields.
However, BMI said that these investment plans are still in the early stages and have not been further promoted.
However, BMI added that Petronas is looking to enter China and other emerging markets to reduce its reliance on the Japanese market as these emerging markets become increasingly important for it to maintain LNG exports.
"China is now generally considered a fast-growing LNG market, but it still offers significant LNG export opportunities."
As of the end of April, Malaysia's share of China's LNG market is limited, accounting for 11.5% of China's LNG imports, far lower than (32.5%) and Qatar (25.9%).
In addition to China, Petronas has a 15-year long-term contract with Thailand's PTT to supply 1.2 million tonnes of LNG per year.
"As Thailand's demand for LNG grows and PTT is expanding its LNG regasification capacity, this will hopefully increase Petronas' exports to Thailand."
In addition, BMI pointed out that Petronas also exports spot LNG to Taiwan, Bangladesh, Singapore and Pakistan, and Vietnam may become the next target market.
1 week ago
Nick. Would there be any charter rate to re-nego for the contract under option to extend
6 days ago
Gabriel as I understand it, for TGT no renegotiation of rates. It should be broadly in line with previous charter extension. If anything, rated might be lower, but only marginally.
6 days ago
Ambank downgrades to RM0.60. Very odd update given that there's no update or changes to fundamentals.
6 days ago
MISC could take a substantial stake in Bumi Armada
https://theedgemalaysia.com/node/718246
4 days ago
no matter what happen as long as it's earning and borrowing keep on improving, eventually the share price will going up
4 days ago
https://www.petromindo.com/tender/detail/akia-3d-moriite-scismic-acquisilion
Bumi Armada moving ahead with the seismic on Akia.
3 days ago
Berdasarkan catatan SKK Migas per Juli 2024, beberapa lapangan eksplorasi yang sedang dalam proses farm-out di antaranya wilayah kerja (WK) Andaman I, WK Akia dan WK Bobara.
https://ekonomi.bisnis.com/read/20240722/44/1784405/skk-migas-rayu-perusahaan-kecil-masuk-ri-eksplorasi-migas-bisa-makin-semarak
3 days ago
Bumi Armada and Navigator Gas anticipate entering into definitive documentation for the Bluestreak CO2 joint venture by the end of the fourth quarter of 2024. The joint venture is subject to the execution of such definitive documentation, approvals by the respective boards of directors of Bumi Armada and Navigator Gas, applicable regulatory approvals and other customary closing conditions.
2 days ago
NICK. If BAB can conclude some deal this year, chances for MISC to acquire BAB's from TSA high right?
2 days ago
MISC acquire BAB is in the progress, just wait patiently and they will make announcement accordingly.
2 days ago
Misc and Armada. It reminds me of Sapura merging with Kencana a few years ago. Also long wait for decision. And then successful merger.
Where are they now, by the way ? Sapura at 3.5 sens, down 99%. Hope enough of time for us to dispose of the shares.
2 days ago
This is a follow up to this: https://www.uniper.energy/united-kingdom/news/uniper-awards-design-study-contracts-for-grain-carbon-capture-project/
Any formal contract award is still at the minimum up to 2 years away. This is a long-term thing that will develop slowly over time.
2 days ago
looking forward official orderbook award by end of the fourth quarter of 2024
1 day ago
Official award is not happening by the end of this year, merely a formalization of the Bluestreak CO2 JV. The official award is still a good 12 - 24 months away, maybe even longer or never at all. This MOU is extremely preliminary.
1 day ago
Just my opinion about the whole project. Moving the CO2 from sky to underground does not change much. It is still CO2 and will reman such for millions of years. Sooner or later it will get out. So there is no point doing it.
Bumi Armada is barely capable of delivering one simple FPSO over years. No way they can successfully deliver a complicated and innovative project. Greedy Gary is not taking new projecs anyway. He turned down Camaia, Caspian Sea and other, sticking to visions and general woke declarations.
1 day ago
I like it how Kenanga in today's write up maintains as risk to Armada: (i) further delay of first oil for Armada Sterling V.
1 day ago
GANAPATHY SRIHARI RAMA IYER is directly involved in the Bluestreak CO2 venture. He is Ananda's right hand man, directly from Usaha Tegas. Unsure if he is under Bumi Armada's payroll.
1 day ago
Carbon shipping fleet plotted for project to clean up power plant emissions
https://www.upstreamonline.com/carbon-capture/carbon-shipping-fleet-plotted-for-project-to-clean-up-power-plant-emissions/2-1-1682485
23 hours ago
If Bumi Armada does get a project anytime soon, it will be a regasification (FSRU) or liquification (FLNG) project. But that's a big IF.
22 hours ago
Here are some of the global top FSRU companies :
HÖEGH LNG AS (Norway)
Excelerate Energy, Inc. (United States)
New Fortress Energy Inc. (United States)
BW LNG (Singapore)
Mitsui O.S.K. Lines, Ltd. (MOL) (Japan)
Bumi Armada Berhad (Malaysia)
Flex LNG (Greece)
Gazprom (Russia)
Eagle LNG (Netherlands)
Dynagas LTD (Greece)
Exmar NV (Belgium)
20 hours ago
As shared before, Bumi Armada was involved in the Shell Sarawak CCS FEED.
Also, they participated in the FSRU pre-FEED for EnQuest at Sullom Voe.
Unsure about any possible final award for either of these projects.
19 hours ago
I also do believe their might be working with Enquest as well as a potential client for Bluestreak CO2 at Sullom Voe.
19 hours ago
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