UMW Oil & Gas Corporation Berhad Company News

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Malaysia's Most Battered Oil And Gas Stock Eyes Foreign Tie-Up
Friday, June 03, 2016 Malaysia's UMW Oil & Gas Corp. is teaming up with foreign partners for the first time to venture outside of Asia and predicts the slowdown that forced the company to idle most of its drilling rigs may be ending.

UMW O&G Bags Contract from PETRONAS Carigali for UMW Naga 6
Wednesday, June 01, 2016 Malaysia's PETRONAS Carigali awards a two year drilling contract to UMW Offshore Drilling for the provision of jackup UMW NAGA 6.

Malaysia's UMW O&G Incurs a Loss Before Tax of $16.6M in 1Q 2016
Tuesday, May 24, 2016 UMW Oil & Gas incurs a loss before tax of $16.64 million in the first quarter of 2016, down from a profit before tax of $10.33 million in the previous year.

Malaysian Contractor UMW Oil & Gas Cuts 300 Jobs
Tuesday, May 17, 2016 Malaysia's UMW Oil & Gas Corp. cuts 300 jobs as it streamlines the workforce amid the downturn in oil prices.

UMW Naga 8 Secures Contract from SapuraKencana to Drill Offshore Malaysia
Tuesday, November 24, 2015 UMW Oil & Gas assigns UMW Naga 8 jackup for a drilling contract with SapuraKencanca Petroleum offshore Malaysia.

UMW Oil & Gas Receives LOA to Supply UMW Naga 7 Jackup to PETRONAS Carigali
Thursday, October 29, 2015 Malaysia's UMW Oil & Gas receives a letter of award to provide UMW Naga 7 jackup to PETRONAS Carigali for the latter's drilling program.

Keppel FELS Delivers Jackup UMW Naga 8 to Malaysia's UMW Oil & Gas
Wednesday, September 02, 2015 Keppel FELS delivers newbuild jackup UMW Naga 8 to Malaysia's UMW Oil & Gas.

UMW Commences Arbitration as Frontier Breaches UMW Naga 7 Contract
Wednesday, April 15, 2015 UMW Offshore Drilling commences arbitration in Singapore regarding a breach of contract by Philippines' Frontier Drilling for the UMW Naga 7 jackup.

Frontier Signs $20M Deal for UMW Naga 7 to Drill in SC50 in the Philippines
Wednesday, September 17, 2014 Frontier Oil signs a $20 million deal for jackup UMW Naga 7 to drill in service contract 50 offshore north west Palawan in the Philippines in the first quarter of 2015.

Newbuild UMW Naga 6 to Work Offshore Vietnam in $46M Deal with PV Drilling
Wednesday, September 10, 2014 UMW Oil & Gas Corp. gets a $46.5 million letter of award to provide a jackup to PV Drilling for work offshore Vietnam.

UMW Naga 5 to Drill in Myanmar's Offshore Block M3 for PTTEPI
Thursday, July 10, 2014 UMW Oil & Gas' jackup UMW Naga 5 has secured a $51.3 million contract from PTTEP International for drilling services at Block M3 offshore Myanmar.

Keppel FELS Delivers UMW Naga 5, Jackup to Work in Philippines Soon
Wednesday, April 30, 2014 Keppel FELS delivers UMW Naga 5 to UMW Oil & Gas Corp. a month ahead of schedule, with the jackup to head to the Philippines for work with Nido Petroleum.

UMW Petrodril to Supply Hydraulic Workover Unit Rig to Petronas Carigali
Wednesday, March 05, 2014 UMW Petrodril will supply a hydraulic workover unit rig as part of a $45.2 million contract with Petronas Carigali.