Dayang Enterprise Secures O&G Maintenance Contract Extension from Shell in Sarawak and Sabah
09.06.2023 By Tank Terminals - NEWS

September 6, 2023 [The Edge]- Integrated oil and gas (O&G) service provider Dayang Enterprise Holdings Bhd’s wholly-owned unit Dayang Enterprise Sdn Bhd (DESB) has received a one-year and four-month extension to the company’s topside major maintenance services contract from Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd.


In a bourse filing on Tuesday (Sept 5), the company said the contract’s new extended period runs from Aug 20, 2023, until Dec 31, 2024.

Dayang Enterprise did not place a value on the extension as it noted that it will be based on work orders issued by Sarawak Shell and Sabah Shell throughout the extended period.

“The contract will have no effect on the issued capital of the company and is expected to contribute to the earnings of Dayang Enterprise over the duration of the contract,” it added.

The initial contract DESB was awarded from Sarawak Shell and Sabah Shell spanned a period of two years and three months from April 29, 2021, to Aug 19, 2023.

Shares in Dayang Enterprise ended two sen or 1.12% lower at RM1.76, giving the company a market capitalisation of RM2.04 billion.


Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Angel CCS JV and Yara Partner for Carbon Capture and Storage Study
04.19.2024 - NEWS
April 19, 2024 [Pipeline & Gas Journal]- The Angel CCS Joint Venture will collaborate with Ya... Read More
Kinder Morgan Meets Profit Estimates, Sees New Demand from AI Operations
04.19.2024 - NEWS
April 19, 2024 [Reuters]- Pipeline and terminal operator Kinder Morgan (KMI.N), opens new tab on ... Read More
Cepsa and Evos Join up for Green Methanol Storage in Spain and the Netherlands
04.19.2024 - NEWS
April 19, 2024 [Storage Terminals Magazine]- Spanish energy company Cepsa has forged an agreement... Read More
Linde to Increase Green Hydrogen Production in Brazil
04.19.2024 - NEWS
April 19, 2024 [Linde]- Linde (Nasdaq: LIN) announced today its subsidiary White Martins will bui... Read More