Malaysia's Petronas unit eyes Sime Darby oil and gas assets

Malaysia Marine and Heavy Engineering Bhd (MMHE) is believed to be looking at taking over some or all of the oil and gas assets of conglomerate Sime Darby Bhd, The Edge weekly newspaper reported on Saturday. The report said MMHE, the heavy engineering unit of Malaysia's state oil firm Petronas, has been evaluating the assets for the past several months but that the plan was still in the preliminary stage.
Among the oil and gas (O&G) assets owned by Sime Darby are two fabrication yards located in Pasir Gudang and Teluk Ramunia in the country's southern Johor state bordering Singapore.