DNeX To Dispose FPSO Excalibur For RM142 Million To MISC

Dagang NeXchange Bhd (DNeX) is disposing of the FPSO Excalibur floating production storage and offloading (FPSO) vessel to MISC Bhd for US$35 million (RM142.19 million) in cash as the group seeks to optimise capital allocation amid changes in the UK offshore energy sector. DNeX said its wholly-owned subsidiary Ping Petroleum UK plc (PPUK), which is […]