Malaysia's largest oil and gas services company Sapura Energy on Monday reported a profit for the fourth quarter on gains from disposal of a subsidiary stake, after five consecutive quarters of losses.Sapura's declared net profits of 500.4 million ringgit ($123…
Indonesian state-owned energy company PT Pertamina and Petroliam Nasional Berhad (Petronas) of Malaysia have signed a Memorandum of Understanding (MoU) to develop oil and gas business – upstream and downstream, not only in Indonesia or Malaysia but also in other countries…
American multinational McDermott International has announced Malaysian offshore projects contracts for developing pan Malaysia oil fields.One contracts was from Sarawak Shell Berhad and the other from Sapura Exploration and production, a press…
Malaysia’s largest oil and gas services company Sapura Energy Berhad and Austria’s OMV Aktiengesellschaft have agreed to form a new strategic partnership that will see the creation of a new joint venture independent oil and gas company.OMV Exploration & Production GmbH…
Malaysian services company Sapura Energy Berhad announced Monday it has secured RM760 million ($184.6 million) in contract wins for its drilling and engineering & construction businesses. The latest achievements have lifted the value of contract wins to RM9…
Malaysia's largest oil and gas services company Sapura Energy narrowed third-quarter net losses as broader operating income more than offset losses at its drilling business.Sapura's third-quarter net loss was 31.1 million ringgit ($7.5 million)…
Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion (USD 410 mln).The new contracts have lifted the company’s…
Austria's OMV has agreed to establish a joint venture with Malaysia's Sapura Energy Bhd , paying $540 million for a 50 percent stake in its exploration assets in line with its strategy to expand in Southeast Asia.Sapura Energy will transfer $350 million of its debt into the new firm…
Jumbo has been awarded the transportation and Installation of a FSRU Mooring System including riser and umbilical, off the coast of Aracaju, Sergipe.Jumbo’s Offshore division was awarded the contract by Sapura to perform the transportation and…
Subsea 7 and Sapura Energy have agreed to end their Asia Pacific focused SapuraAcergy joint venture (JV), with the JV's heavy-lift and pipelay vessel, Sapura 3000, sold to a subsidiary of Sapura Energy. The JV was set up in 2006, with SapuraCrest Petroleum…
Sapura Energy’s SK310 B15 gas field development project offshore Malaysia remains on track for first production in Q4 2017, the company announced in its 19 June earnings update. Despite a challenging market due to oil price uncertainty…
Sapura Energy Berhad (SEB) has been awarded contracts with a combined value of about US$206 million (RM879 million) offshore Myanmar, Brunei, India, and Australia from several companies including PTG, Shell, ONGC, and PTTEP. Off Myanmar…
SapuraKencana Petroleum Berhad has delivered its sixth and final pipelay vessel (PLV), the Sapura Rubi on schedule to Petróleo Brasileiro S.A (Petrobras) and the vessel started work in Brazil on 14 August 2016. Image of the Sapura Diamante…
SapuraKencana Petroleum subsidiaries, Sapura Energy Ventures and Kencana Energy, along with their partner, Petrofac Energy Developments, have reached an agreement with Petronas to cease the Berantai risk service contract (RSC). The Berantai…
SapuraKencana Energy discovered gas in two of the three wells drilled in 2015 within the SK408 block contract area, offshore Malaysia in Sarawak. The first well Jerun-1 is approximately 5km north of the 2014 Bakong gas discovery. Based on analysis of electric log…
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