Barakah to negotiate terms with lenders

17 Oct 2018 - The Star Online
PETALING JAYA: Barakah Offshore Petroleum Bhd and its unit, PBJV Group Sdn Bhd, have been granted an order by the High Court to restrain all proceedings and actions brought against itself except with leave of the High Court of Malaya and subject to any terms that the court may impose. The company said ...
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Barakah secures restraining order against creditors

16 Oct 2018 - The Star Online
KUALA LUMPUR: Barakah Offshore Petroleum Bhd and its unit, PBJV Group Sdn Bhd, have secured a court order restraining all proceedings and actions against the companies. The company said today in its Bursa Malaysia announcement that the order was applied as part of proactive measures by Barakah to manage ...
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Trading of Barakah Offshore halted for corporate news

16 Oct 2018 - The Star Online
KUALA LUMPUR: Trading in the securities of Barakah Offshore Petroleum Bhd was suspended in the afternoon session on Tuesday. The oil and gas services-related company said trading was halted at its request pending the release of a material announcement. At midday, it was unchanged at 12.5 sen.
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Barakah shares rise on Hess contract news

12 Oct 2018 - The Star Online
KUALA LUMPUR: Shares of Barakah Offshore Petroleum Bhd rose in early trade on Friday, after the company announced that it has secured a five-year contract from Hess Exploration and Production Malaysia BV. The counter, one of the most active counters, rose 8.33%, or one sen to 13 sen with over 3.7 million ...
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Barakah wins five-year contract from Hess

11 Oct 2018 - The Star Online
KUALA LUMPUR: Barakah Offshore Petroleum Bhd has won a five-year maintenance contract awarded by Hess Exploration and Production Malaysia BV. The scope of the contract covers maintenance, construction and modification work for structures and facilities located offshore Peninsular Malaysia. “The total ...
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Barakah Offshore narrows losses in Q2

29 Aug 2018 - The Star Online
KUALA LUMPUR: Barakah Offshore Petroleum Bhd narrowed its net losses to RM15.48mil in the second quarter ended June 30, compared with a net loss of RM82.11mil in the same period a year ago. Its revenue for the quarter, however, rose 12% to RM59.16mil against RM52.63mil registered previously. The increase ...
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Barakah bags Sapura E&P maintenance contract

9 Aug 2018 - The Star Online
KUALA LUMPUR: Barakah Offshore Petroleum Bhd said wholly-owned subsidiary PBJV Group Sdn Bhd was awarded a five-year contract by Sapura Exploration and Production Inc. The contract is effective July 11, the company said in a filing with Bursa Malaysia today. Under the deal, PBJV will provide maintenance, ...
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Barakah shares jump 16% after Petronas Gas extends its contract

5 Jul 2018 - The Star Online
KUALA LUMPUR: Barakah Offshore Petroleum Bhd saw a jump in share prices after announcing a one-year contract extension with Petronas Gas Bhd . Barakah is the most active counter on Bursa Malaysia with 35 million shares traded. The counter gained 16%, or two sen to 14.5 sen. Barakah announced that the ...
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Lower revenue and cost overruns hit Barakah

27 Feb 2018 - The Star Online
KUALA LUMPUR: Barakah Offshore Petroleum Bhd sinks deeper into the red in the fourth quarter ended Dec 31, 2017 due to cost overruns at on-going projects, while revenue dropped by almost two-third. The company also took a huge impairment loss following a revaluation of its pipe laying barge. “The outlook ...
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Eye On Stock: Barakah Offshore Petroleum

6 Jan 2018 - The Star Online
Click on image for actual size. BARAKAH Offshore Petroleum Bhd (code: 7251) looked to have hit bottom at 28.5 on Tuesday, which set the stage for a technical rebound and some price recovery. A sudden surge in buying interest on Thursday and some follow-through buying on Friday lent confirmation of an ...
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