Bumi Armada Berhad Company News

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Bumi Armada to Pay $85M in Reimbursement, Liquidated Damages for FPSO
Malaysia's Bumi Armada to pay $85 million in reimbursement and liquidated damages for delay in delivery of FPSO (floating production storage and offloading) Kraken.
8:00 PM EST | September 15, 2016
Bumi Armada Berhad Appoints New Chief Financial Officer
Bumi Armada's Kenneth Murdoch decides to step down from his role as chief financial officer, effective November 17.
8:00 PM EST | September 08, 2016
FPSO Armada Kraken on Track for North Sea Deployment
Keppel Shipyard holds naming ceremony for floating production storage and offloading (FPSO) Armada Kraken ahead of delivery to Bumi Armada for deployment to the Kraken oil field in the North Sea.
8:00 PM EST | August 28, 2016
Bumi Armada's 2Q Revenue Falls 12.2% to $99.7M as FPSO, FGS Incomes Dip
Malaysia's Bumi Armada posts a revenue of $99.7 million in the second quarter of 2016, down 12.2 percent from a year ago, as contributions from its floating production storage and offloading (FPSO) and floating gas solutions (FGS) units declined.
8:00 PM EST | August 28, 2016
Bumi Armada's LNG FSU Leaving Singapore Soon to Work for EletroGas Malta
Bumi Armada's first liquefied natural gas floating storage unit will leave Keppel Shipyard in Singapore shortly for Malta to commence a contract with ElectroGas Malta.
8:00 PM EST | August 10, 2016
Petrofac Secures Contract from Bumi Armada for Olombendo FPSO
Petrofac secures a three year contract from Bumi Armada for the Olombendo floating production, storage and offloading unit, currently under conversion in Singapore.
8:00 PM EST | June 12, 2016
Malaysia's Bumi Armada 1Q 2016 Net Profit Down 67.5% YOY to $5.7M
Malaysia's Bumi Armada posts a net profit of $5.66 million in the first quarter of 2016, down 67.5 percent from $17.42 million in the previous year, while revenue fell 24.7 percent to $104.26 million.
8:00 PM EST | May 30, 2016
Bumi Armada Files Claim for $284M Over Woodside's FPSO Contract Termination
Bumi Armada files claim for $283.5 million in Western Australia's Supreme Court after Woodside terminated the contract for the Armada Claire FPSO.
8:00 PM EST | April 21, 2016
Bumi Armada Commences Legal Proceedings Against Woodside Over FPSO Deal
Bumi Armada commences legal proceedings against Woodside over the termination of a contract for the charter of the Armada Claire floating production, storage and offloading unit.
8:00 PM EST | March 14, 2016
Expert Sees Funds Leading FPSO Industry Rejuvenation
Funds are likely to spearhead growth in the currently depressed floating production, storage and offloading sector from next year, according to an industry consultant.
7:00 PM EST | March 10, 2016
Bumi Armada to Challenge Woodside's Termination of Armada Claire FPSO Deal
Malaysia's Bumi Armada plans to challenge Woodside's termination of the contract for Armada Claire FPSO, now operating at the Balnaves field offshore north western Australia.
7:00 PM EST | March 06, 2016
Malaysia's Bumi Armada 2015 Revenue Down 9% to $516M, Posts $56M Net Loss
Malaysia's Bumi Armada posted a 9 percent fall in revenue to $515.5 million in 2015, while making a net loss of $55.5 million in the same period.
7:00 PM EST | February 28, 2016
Keppel Bags $88.4M Contracts, Including Two Conversion Projects
Singapore's Keppel Offshore & Marine bags four contracts, worth $88.4 million, including two conversion projects.
7:00 PM EST | December 30, 2015
Keppel to Deliver 3 Ice-Class Vessels to Bumi Armada for Filanovsky Field
Keppel Singmarine is on track to deliver three ice-class vessels to Bumi Armada to work at the Filanovsky oil field later this month after a naming ceremony at its Singapore yard.
8:00 PM EST | September 13, 2015
Keppel Shipyard Bags $89.2M Contracts, Includes Madura BD FPSO Conversion
Singapore's Keppel Shipyard clinches four contracts, worth $89.2 million, including a floating production storage and offloading conversion for the Madura BD Block offshore Indonesia.
8:00 PM EST | August 11, 2015
Husky Says Indonesia's Madura Strait Projects to Start Production in 2017
Husky Energy says first production from the Madura Strait gas projects offshore Indonesia is targeted for 2017.
8:00 PM EST | July 28, 2015
Bumi Armada Allocates More Funds from Rights Issue to FPSO, FGS Units
Malaysia's Bumi Armada allocates more funds raised from a rights issue on its floating production, storage and offloading as well as floating gas solutions business units.
8:00 PM EST | July 01, 2015
Bumi Armada's 1Q 2015 Net Profit Up 11.2% to $19M, Lifted by FPSO Segment
Bumi Armada posts an 11.2 percent increase in net profit for first quarter 2015 to $18.5 million, with gains due mainly to contributions from its floating production business.
8:00 PM EST | May 26, 2015
Bumi Armada Lands $300M LNG FSU Contracts for EGM in Malta
Bumi Armada's subsidiaries ink $300 million contracts to supply, operate and maintain a liquefied natural gas floating storage unit for ElectroGas Malta.
8:00 PM EST | April 14, 2015
Bumi Armada Forms JV for EPCC of Indonesia's Madura BD Field FPSO Project
Bumi Armada forms joint venture to undertake engineering, procurement, conversion and construction of a floating production, storage and offloading vessel for the Madura BD Field project in Indonesia.
8:00 PM EST | April 12, 2015
ABS Certification Process on FPSO Armada Perdana Delays Oyo-8 Production
CAMAC says oil production from Oyo-8 well offshore Nigeria has been delayed due to American Bureau of Shipping certification process on FPSO Armada Perdana.
8:00 PM EST | March 31, 2015
Bumi Armada's 2014 Net Profit Dips 49.3% to $60.6M as OSV, T&I Underperform
Bumi Armada's 2014 net profit fell by half from a year ago to $60.6 million due to lower contributions from its offshore support vessel as well as transport and installation businesses.
7:00 PM EST | February 25, 2015
Dyna-Mac Secures $48M Topside Module Fabrication Contract for East Hub FPSO
Dyna-Mac secures a letter of award, worth $48 million, from an affiliate of Bumi Armada to construct six topsides modules for the floating production, storage and offloading vessel to be deployed at the East Hub field off Angola.
7:00 PM EST | February 09, 2015
Bumi Armada Seals $1.18B FPSO Contract for Indonesia’s Madura BD Field
Bumi Armada signs a contract, worth $1.18 billion, to supply a floating production, storage and offloading vessel to Husky-CNOOC Madura Ltd. for Indonesia’s offshore Madura BD field.
7:00 PM EST | December 11, 2014
Hassan Basma Steps Down as Bumi Armada's CEO
Hassan Basma steps down as CEO of Bumi Armada, with Chan Chee Beng taking over as acting CEO.
7:00 PM EST | December 07, 2014
Further Delays in Contract Signing for Madura Field FPSO
Bumi Armada and Husky-CNOOC agree to delay signing of the contract for a floating production, storage and offloading vessel for the Madura BD field to Dec. 10.
7:00 PM EST | December 04, 2014
Bumi Armada's 3Q 2014 Net Profit Rises to $32.23M, Up 9.9% YOY
Bumi Armada's net profit reaches $32.23 million in the third quarter of 2014, up 9.9 percent from last year's $29.34 million.
7:00 PM EST | November 20, 2014
Bumi Armada, HMCL Further Delay FPSO Contract Signing for Madura BD Field
Bumi Armada and Husky-CNOOC Madura Limited further extends the timeline to sign a contract for a floating production, storage and offloading vessel to be deployed to Madura BD field offshore Indonesia.
7:00 PM EST | November 12, 2014
Bumi Armada, HMCL Delay Contract Signing for Madura BD FPSO to Nov. 6
Bumi Armada and Husky-CNOOC Madura Ltd. delay contract signing for the Madura floating production, storage and offloading vessel to Nov. 6.
7:00 PM EST | November 03, 2014
Nam Cheong Secures LOI, Worth $186M, for 12 Newbuild AHTS Vessels
Nam Cheong secures letters of intent, worth $186 million, to supply 12 newbuild NCA80E anchor handling tug supply vessels to five customers.
8:00 PM EST | October 19, 2014
Bumi Armada's CEO Eyes FPSO Opportunities in India
Bumi Armada CEO believes India offers exciting growth opportunities for companies serving the floating production, storage and offloading market.
8:00 PM EST | October 15, 2014
Bumi Armada, HMCL Extend Period to Execute Madura BD FPSO Contract
Bumi Armada and Husky-CNOOC Madura Limited extend the period for executing the floating production, storage and offloading contract for the Madura BD field offshore Indonesia.
8:00 PM EST | October 14, 2014
Malaysia's Bumi Armada to Raise $633.8M with Rights Shares
Malaysian oil field services company Bumi Armada will raise $633.87 million by selling rights shares.
8:00 PM EST | August 26, 2014
Bumi Armada Inks $3B FPSO Contract with Eni for Angola's East Hub Field
Bumi Armada inks a $3 billion contract with Eni Angola for the chartering, operation and maintenance of a floating production, storage and offloading vessel for the East Hub field in Block 15/06 offshore Angola.
8:00 PM EST | August 20, 2014
Bumi Armada Bags $1.18B FPSO Deal for Madura BD Field Offshore Indonesia
Bumi Armada bags $1.18 billion contract from Husky-CNOOC Madura Limited to supply a floating production, storage and offloading vessel for the Madura BD field offshore Madura Island, Indonesia.
8:00 PM EST | August 19, 2014
Nam Cheong Receives Orders for 4 Offshore Support Vessels for $90M
Nam Cheong sells four vessels, comprising a platform supply vessel, an accommodation work barge and two anchor handling towing supply vessels, for $90 million.
8:00 PM EST | August 18, 2014
MacGregor to Supply Offloading System for Bumi Armada's FPSO Project
MacGregor receives an order from Bumi Armada to supply a Pusnes offloading system for floating production, storage and offloading conversion project.
8:00 PM EST | July 13, 2014
Bumi Armada Posts 41% Decline in Net Profit for 1Q 2014 to $20M
Bumi Armada posts a 41 percent decline in net profit for the first quarter of 2014 to $20.19 million.
8:00 PM EST | May 22, 2014
Bumi Armada Receives $2.9B FPSO Contract from Eni for Angola's Block 15/06
Bumi Armada receives a letter of intent from Eni for the supply of an FPSO vessel for deployment to Block 15/06, East Hub offshore Angola.
8:00 PM EST | March 30, 2014
Keppel O&M's Subsidiaries Bag $117M Contracts
Keppel Offshore & Marine's subsidiaries bag $117 million contracts, including one to fabricate an external turret mooring system for a floating production, storage and offloading vessel.
8:00 PM EST | March 17, 2014
Dyna-Mac Clinches $33M Fabrication Orders
Dyna-Mac Holdings clinches $33 million of fabrication orders from Keppel FELS, Bumi Armada-Shapoorji Pallonji joint venture and Modec.
7:00 PM EST | February 20, 2014
FPSO Armada Perdana Continues Work at Nigeria's Oyo Field Under $381M Deal
Bumi Armada inked contracts, worth $381 million, with Oceanic Consultants Nigeria for continued deployment of FPSO Armada Perdana at the Oyo field offshore Nigeria.
7:00 PM EST | February 19, 2014
FPSO Armada Claire to Head for Balnaves Oil Field off NW Australia
Keppel Shipyard holds a sail away ceremony for the Armada Claire floating production, storage and offloading facility at its Tuas yard in Singapore.
7:00 PM EST | February 09, 2014
Bumi Armada's Units Bag $16M Deal to Supply 2 PSVs to Interoil Angola
Bumi Armada's units receive letters of award from Interoil Angola for the charter of two platform supply vessels for deployment to Block 32 offshore Angola.
7:00 PM EST | January 23, 2014
Bumi Armada to Allocate $2B as Capex for FPSO Segment in 2014
Bumi Armada plans to allocate $2 billion as capital expenditure for the firm's floating production, storage and offloading unit in 2014, a company official told a local daily.
7:00 PM EST | January 22, 2014
Bumi Armada Inks $1.4B Deal to Supply, Operate FPSO for Kraken Field
Bumi Armada inks a $1.4 billion contract to supply and operate a floating production, storage and offloading vessel for the Kraken field in the UK sector of the North Sea.
7:00 PM EST | December 23, 2013
Bumi Armada Wins Lukoil's $262M Contracts to Supply Ice-Class Vessels
Bumi Armada wins $262 million contracts from Lukoil to supply three Ice-Class vessels to service offshore platforms in the Filanovsky field in the Caspian Sea, Russia.
7:00 PM EST | December 03, 2013
Bumi Armada Gets LOIA to Supply FPSO for Kraken Project
Bumi Armada receives letter of interim agreement for the supply of a floating, production, storage and offloading vessel for the Kraken oil project in the North Sea.
7:00 PM EST | November 17, 2013
Bumi Armada, Fugro Forms Well Services Joint Venture
Bumi Armada and Fugro form joint venture to target business opportunities in the Well Services industry.
8:00 PM EST | August 29, 2013
Bumi Armada Takes Delivery of Newbuild PSV from Sentinel Offshore
Bumi Armada takes delivery of the first of four platform supply vessels the company ordered from Sentinel Offshore.
8:00 PM EST | August 20, 2013