KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) seems to have thrown a lifesaver to TH Heavy Engineering Bhd (THHE) that has been in troubled waters for years.

Last week, THHE announced that it had obtained licences from Petronas to participate in certain oil and gas (O&G)-related jobs, after a near-four-year suspension. Petronas did not reveal the reason why it removed the blacklist on THHE.