BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.495
Today's Change
-0.005 (1.00%)
Day's Change
0.495 - 0.50
Trading Volume
179,900
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 72,272 comments
crude oil futures UP
https://www.news.com.au/world/middle-east/iran-launches-missile-attack-on-israel/news-story/d07dc8c5eeb3a09516c8bcb230fa2e28
1 month ago
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
October 4, 2024 3:14 AM GMT+8
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry | Reuter
HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.
1 month ago
*** MISC acquiring Armada still ON *** Published 25 September 2024, 10:13
Malaysian national oil company Petronas has launched a pre-qualification exercise for a floating production, storage and offloading vessel required at its Sepat full-field development offshore Peninsular Malaysia.
1 month ago
Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !
4 weeks ago
TP all bullshit , from all AI i3 members,
Posted by LY Hoh > 4 minutes ago | Report Abuse
May i know what the TP for Armada? Thanks
4 weeks ago
THIs Guy sold 20,000,000 unit at average 0.5125 i guess when he collected from low at 45 over cents ... made a mil... and run ... last vol... b4 closing 4.45 pm was just 20 mil volume ... at 0.52 cents ... they buy in volume ... but dont worry ... with this Profit report ... anytime will test resistance at 0.550..
3 weeks ago
WE look at KLSE screener Q report ... 22Q3 --24Q 3 total profit more than 1 over Billion ... soon for another year Total borrow 2 billion ... soon will repay all... GOOD JOB already for such a turn around ...
3 weeks ago
From my point of view of this Report we need to buy to keep from this low PE and monitor each Q report ... and have good rewards ..
3 weeks ago
The whole carbon capture concept is only intended to take money from taxpayers and increase environmental ratings for better loans. I do not see technical sense in it. After all, carbon stays as carbon and eventually is released through migration via shale or reservoir rock, then cracks.
3 weeks ago
U.S. crude prices fall more than 4% as Israel is not expected to strike Iran’s oil industry
2 weeks ago
Not that I'm aware of. Is there any? I have shared whatever I know they are participating in but so far unaware of any wins.
1 week ago
Actually, buying energy stock is like what Malay said, "telur di hujung tanduk." One day green and promising, like going to limit up another day red until speechless. Not only Armada but almost every energy counter like velesto, perdana, and yin soon, and few of it as example...pening pening 😂😀😂😀😂. My black hair turned grey ready tunggu ni counter pecut...kena sabar banyak.
1 week ago
Good news, TGT drilling campaign is over and the Wells are successfully tied back to the FPSO.
1 week ago
... Maybank Investment Bank Bhd has maintained a BUY call on the company, with an unchanged sum-of-parts-based target price of 68 sen ...
https://www.businesstoday.com.my/2024/10/29/analysts-optimistic-on-bumi-armadas-growth-potential-with-improved-esg-practices/
5 days ago
Bumi Armada Berhad ("Bumi Armada") wishes to announce that its wholly owned subsidiary Bumi Armada UK Limited (”BAUK”) entered into an Engineering, Procurement, Construction, Installation and Modification agreement with EnQuest Heather Limited (“EnQuest”) on 29 October 2024 for the provision of a Flare Gas Recovery System on the Magnus platform located in blocks 211/12a and 211/7a of the UK North Sea (“the Agreement”). The Agreement is expected to be carried out over approximately four (4) years with an estimated contract value of GBP50 million.
Implementing the Flare Gas Recovery System offers environmental benefit, as well as operational value. The capture and repurposing of flare gas will reduce Magnus platform greenhouse gas emissions, specifically CO2 and Methane, which are major contributors to climate change. This aligns with global environmental standards and regulations, helping EnQuest to meet its internal and externally committed emissions reduction targets.
3 days ago
Finally! Something relatively small, but something nonetheless. Conservatively, this would be worth around RM25-30mil if the net margin is ~10%, i.e. around 0.4 to 0.5 sen per share.
3 days ago
Now the major announcement on the extension of the TGT FPSO should be imminent (within next 2 weeks for sure). That should contribute around 2 sen per share for every year of extension.
3 days ago
An interesting project. Based on my knowledge - it has NOTHING to do with carbon capture. It is all about reprocessing gas that goes to flare and using it (for fuel?).
3 days ago
Yes, it's all there in the statement.
"The capture and repurposing of flare gas will reduce Magnus platform greenhouse gas emissions, specifically CO2 and Methane"
3 days ago
As per general description of similar
Gases pass through a compressor and then go to a separator to remove any liquids. The gases then leave the separator, are cooled, and go to a drum to remove any condensates before heading back to the plant or facility for reuse.
2 days ago
Gabriel,
CCS is very complex and state of the art. BAB will have to tackle great challenges. There will be cryogenic temperatures (C02 needs to be liquefied for injection). Also, very high pressure are needed, e.g. 300 bar or more. In comparison, FGRS involves tanks, compressor, piping and valves. Nothing unusual.
2 days ago
Gabriel, Bumi Armada is working with Shell on pre-FEED studies relating to CCS offshore Sarawak. This has been going on since mid 2022. However, unsure when (if at all) there will be any formal award.
1 day ago
You are welcome. I am now working in a refinery in Iraq (upgrading), so a bit out of touch with upstream where armada acts, but still keeping abreast with the FPSO developments. If only they got their stuff together, there is money to be made.
15 hours ago
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Good lord, what will it take for some positive news from the company.
1 month ago