Quick take: Barakah Offshore gains 11% in early trade

10 Jun 2019 - The Star Online
KUALA LUMPUR: Shares of Barakah Offshore Petroleum Bhd , which has been facing selling pressure, rose 11% in early trade Monday. The stock rose 11.11%, or 0.5 sen to five sen with 12.4 million shares done. Last month, Barakah has has become a Practice Note 17 (PN17) company after it failed to make installment payments ...
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Barakah falls 21% on news of loan default

23 May 2019 - The Star Online
KUALA LUMPUR: Barakah Offshore Petroleum Bhd is seeing selling pressure in early Thursday trade on news that its subsidiary had defaulted on its loan payments. At 9.08am, the stock was down 1.5 sen or 21.43% to 5.5 sen on the back of 13.84 million shares done. On Tuesday, it announced its unit, Kota ...
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Quick take: Barakah shares most active on Bursa

24 Apr 2019 - The Star Online
KUALA LUMPUR: Shares in Barakah Offshore Petroleum Bhd were hotly traded in early trade Wednesday with over 20 million shares, exchanging hands, making it most actively traded counter. The integrated oil and gas (O&G) solutions provider jumped 15.79%, or 1.5 sen to 11 sen with 20.9 million shares traded. ...
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Barakah: O&G contractors still suffering low prices as oil majors still cautious

23 Apr 2019 - The Star Online
PETALING JAYA: Barakah Offshore Petroleum Bhd said charter rates for the oil & gas industry have not risen in tandem with the rise in oil prices and this could be a troubling trend as most oil majors are still very cautious. “The contract opportunities has increased with the rise in oil price but then ...
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Barakah Offshore teaming up with Saudi's Vallianz, eyes Malaysia, Middle East

23 Apr 2019 - The Star Online
KUALA LUMPUR: Debt-laden oil and gas services company Barakah Offshore Petroleum Bhd has entered into a memorandum of understanding (MOU) with Vallianz Holdings Ltd to form a strategic alliance for both parties’ to explore business opportunities in Malaysia and the Middle East. Vallianz is 57.67%-owned ...
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Nik Hamdan reduces stake in Barakah Offshore

20 Apr 2019 - The Star Online
PETALING JAYA: Nik Hamdan Daud, who resigned from his posts as group president and chief executive officer of Barakah Offshore Petroleum Bhd earlier this week has reduced his stake in the company he founded. A Bursa statement said Nik Hamdan sold 10,000,000 shares on April 9, and another 5,000,000 on ...
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Barakah clarifies total liabilities at RM336m at end 2018

18 Mar 2019 - The Star Online
KUALA LUMPUR: Barakah Offshore Petroleum Bhd and its subsidiaries recorded total liabilities of RM335.60mil in its fourth quartertly results ended Dec 31, 2018. The oil and gas services company had on Monday responded to a news report entitled "Barakah seeks to restructure RM726mil debt”.
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Quick take: Barakah Offshore shares up 9.5% on contract win

12 Feb 2019 - The Star Online
KUALA LUMPUR: Shares of Barakah Offshore Petroleum Bhd rose 9.5% on Tuesday morning. This follows Barakah Offshore’s announcement that it had secured a five-year Farm-In Agreement from IPC Malaysia BV.
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Quick take: Contract win sends Barakah shares up 18%

17 Jan 2019 - The Star Online
KUALA LUMPUR: Shares of Barakah Offshore Petroleum Bhd surged 18% in early trade Thursday on the heels of its new five-year service contract from Petrofac (Malaysia-PM304) Ltd. One of the most active counters, the oil and gas services company jumped 18.18%, or one sen to 6.5 sen with 9.62 million shares ...
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Barakah falls 12% in early trade

17 Oct 2018 - The Star Online
KUALA LUMPUR: Shares of Barakah Offshore Petroleum Bhd tumbled 12% in early trade Wednesday despite securing restraining order against future action brought against itself. The loss-making company shed 12%, or 1.5 sen to 11 sen. It is currently the second most heavily traded counter with 16 million shares ...
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