Malaysia Daily Media Highlights

MMHE looking for partnership with local shipyards
Malaysia Marine and Heavy Engineering (MMHE), a wholly-owned unit of MISC Bhd, is seeking to collaborate with other shipyards in the country in the construction of deepwater facilities for the oil and gas industry. “We are making initial contacts with other local shipyards to see whether we can work together on future projects” MMHE managing director and chef executive officer Wan Yusoff Wan Hamat told Business times in an interview. He declined to identify the shipyards, but said that any collaboration will be in deepwater projects in line with the company’s target to become the region’s centre of excellence for deepwater support services and maritime repairs. Currently, MHE is undertaking a RM1bn upgrade of its ard to better serve the development of the deepwater fields in Malaysia.

Ramunia Secures RM200m contracts
Ramunia has secured RM200mn worth of contracts to build a jacket and the topside of a platform for the East Belumut oilfield project off Terengganu. Its unit Ramunia Fabricators Sdn Bhd had received letters of award from Newfield Peninsula Malaysia Inc. It added that Ramunia Fabricators’ scope of work would comprise engineering, procurement and construction of the jacket. The other project is for the engineering, procurement, construction and commissioning of topside for East Belumut’s platform. “Both projects are expected to contribute positively towards the earnings of Ramunia Group for the financial year ending Oct 31, 2007,” it said.

GPACKET GMO Ltd to buy Chinese firm for RM412m
GMO Ltd, owned by Green Packet, mtouche and OSKVI will pay up to RM412m for a Chinese content provider, as it seeks to break in China’s interactive television market. The deal immediately gives it a 15% market share in China where there are more than 400m mobile phone users and over 1bn television viewers.

M3nergy in Mumbai Oil Venture
M3nergy is making a move into the upstream sector, working closely with consortium partners in the development of three offshore marginal fields in Mumbai, India. The consortium signed a formal service contract for the development of the marginal fields known as Cluster-7, with Oil and Natural Gas Corp Ltd (ONGC) in New Delhi last Wednesday. Other members in the consortium are Hindustan Petroleum Corp Ltd and Prize Petroleum Company Ltd.