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PETALING JAYA: Prolonged spending cuts by oil majors will continue to pose “significant” challenges” for the industry, according to SapuraKencana Petroleum Bhd, the country’s biggest oil and gas contractor.
KUALA LUMPUR: SapuraKencana Petroleum Bhd (SapKen) has delivered its sixth and final pipelay vessel (PLV), Sapura Rubi, to Petrَleo Brasileiro S.A (Petrobras).
PETALING JAYA: Scomi Energy Services Bhd is going ahead with the development and production of petroleum from the Ophir field, dispelling earlier perception that marginal oilfield projects are no longer viable under the current low oil price environment. An industry source said the viability of the Ophir project, located offshore Terengganu, remains intact, thanks to the guidance from Petroliam Nasional Bhd’s (Petronas) wholly-owned subsidiary Vestigo Petroleum
KUALA LUMPUR: Oil-and-gas services firm SapuraKencana Petroleum Bhd (SapKen) reiterates that the company’s operations in Brazilian waters on a long-term contract with Petroleo Brasileiro SA (Petrobras) is not under any threat of cancellation in spite of the oil giant’s fiscal difficulties.
SERI KEMBANGAN: SapuraKencana Petroleum Bhd is banking on its transformation process, which involves integrating expertise across the group and cost-saving measures, as well as taking on small jobs, to weather the challenging times in the oil and gas (O&G) industry.
PETALING JAYA: Malaysia’s first risk-service contract (RSC) ever awarded by national oil company Petroliam Nasional Bhd (Petronas) for the development of the Berantai marginal oil field has finally come to an end due to the low oil price environment that has made the venture uneconomical.
KUALA LUMPUR: SapuraKencana Petroleum Bhd's units and their partner have reached a mutual agreement with Petroliam Nasional Bhd (Petronas) to cease the Berantai Risk Service Contract (RSC).