<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 30): Dagang NeXchange Bhd’s (DNeX) 90%-owned subsidiary Ping Petroleum Sdn Bhd has secured a contract from Petroliam Nasional Bhd (Petronas) in relation to the production of petroleum and abandonment of petroleum facilities.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Monday, DNeX said the abandonment (decommissioning) work will cover petroleum facilities located in the Abu Cluster ― about 250km off the east coast of Peninsular Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>“The contract shall become effective commencing on the effective date and will remain valid for: a duration of 10 years; or until the execution of the abandonment work as per the abandonment plan,” it added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>DNeX’s filing did not disclose a value on the contract it secured from the national oil and gas giant.</p></div>

<div class=newsTextDataWrapInner><p>According to DNeX, the project will allow the group to diversify its energy business away from a single asset risk, geographically diversify and also operate in a lower-cost environment.</p></div>

<div class=newsTextDataWrapInner><p>“Furthermore, the group will be able to continue to grow its business organically and continue with its expansion plans to offer its services to new markets,” it added.</p></div>

<div class=newsTextDataWrapInner><p>At the noon break, shares in DNeX stood at 43 sen, giving the group a market capitalisation of RM1.34 billion.&nbsp;</p></div>


Dagang NeXchange Bhd’s (DNeX) 90%-owned subsidiary Ping Petroleum Sdn Bhd has secured a contract from Petroliam Nasional Bhd (Petronas) in relation to the production of petroleum and abandonment of petroleum facilities.

DNeX unit bags petroleum production and facility abandonment job from Petronas

Police have identified the male suspect who attacked the Ulu Tiram police station on Friday and confirmed that he has no links to any terrorist groups.

Inspector-General of Police Tan Sri Razarudin Husain clarified that the initial statement of the suspect being a member of Jemaah Islamiyah (JI) was based on his father's involvement with the terrorist group.

IGP: Suspect in Ulu Tiram police station attack not linked to terrorist group

From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.

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All the suspects remanded on Saturday following the attack at the Ulu Tiram police station early on Friday morning are local citizens, said Inspector-General of Police Tan Sri Razarudin Husain.

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The Communist Party of Vietnam has nominated police minister To Lam to be state president, the government said on Saturday.

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Maybank and English Premier League club Manchester United have launched their latest co-branded credit card in Indonesia.

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China's agriculture minister is being investigated for suspected violations of law and discipline, the country's anti-graft watchdog said on Saturday.

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A Russian court has frozen local assets of Germany’s Deutsche Bank AG and Italy’s UniCredit SpA under lawsuits totalling over €1 billion (RM5.1 billion) filed by a Gazprom PJSC venture.

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The Madrid Court of Appeal has upheld the contempt of court conviction and sentence of arbitrator Gonzalo Stampa in the Sulu claimants case against Malaysia.

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Canada is examining whether it needs to raise tariffs on Chinese-made electric vehicles (EVs) after the White House announced major new levies on them, Trade Minister Mary Ng said.

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<p>From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.</p>

<p>Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.</p>


<p>Maybank and English Premier League club Manchester United have launched their latest co-branded credit card in Indonesia.</p>

<p>In 2023, Maybank and Manchester United announced the extension of their 13-year partnership into Indonesia — adding a fourth Asean country to their existing co-branded products available to customers in Malaysia, Singapore, and the Philippines.</p>


<p>Police have identified the male suspect who attacked the Ulu Tiram police station on Friday and confirmed that he has no links to any terrorist groups.</p>

<p>Inspector-General of Police Tan Sri Razarudin Husain clarified that the initial statement of the suspect being a member of Jemaah Islamiyah (JI) was based on his father's involvement with the terrorist group.</p>


<p>Sarawak is optimistic that its state revenue will continue to grow over the next two to three years, driven by the state's strong economic performance this year, said Premier Tan Sri Abang Johari Tun Openg.</p>


<p>China's agriculture minister is being investigated for suspected violations of law and discipline, the country's anti-graft watchdog said on Saturday.</p>


<p>All the suspects remanded on Saturday following the attack at the Ulu Tiram police station early on Friday morning are local citizens, said Inspector-General of Police Tan Sri Razarudin Husain.</p>


<p>The Communist Party of Vietnam has nominated police minister To Lam to be state president, the government said on Saturday.</p>
