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Business 09 Dec 2016 | 12:00 AM

‘Significant challenges’ to persist in O&G industry

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.

Corporate News 08 Dec 2016 | 5:40 AM

Higher Q3 earnings for SapuraKencana

KUALA LUMPUR: SapuraKencana Petroleum posted a stronger set of earnings in the third quarter ended Oct 31, 2017 (Q3 FY17) due to the absence of provision for impairments a year ago.

Business 29 Sep 2016 | 12:00 AM

SapKen Q2 profit advances 7.9%

PETALING JAYA: SapuraKencana Petroleum Bhd (SapKen) recorded a 7.9% increase in net profit to RM112.3mil for the second quarter ended July 31, 2016.

Corporate News 19 Aug 2016 | 4:21 AM

SapKen delivers sixth and final pipelay vessel to Petrobras

KUALA LUMPUR: SapuraKencana Petroleum Bhd (SapKen) has delivered its sixth and final pipelay vessel (PLV), Sapura Rubi, to Petrَleo Brasileiro S.A (Petrobras).

Nation 30 Jul 2016 | 12:00 AM

Merger created biggest local O&G company

KUALA LUMPUR: SapuraKencana Petroleum Bhd was listed on the main market of Bursa Malaysia on May 17, 2012, creating the country’s largest integrated oil and gas (O&G) service provider by assets.

Business 27 Jul 2016 | 12:00 AM

Marginal oil fields still viable

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

Business 27 Jul 2016 | 12:00 AM

SapKen: Don’t worry about Brazil, contract there will not be cancelled

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.

Corporate News 26 Jul 2016 | 9:06 AM

SapuraKencana banks on transformation process, small jobs

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.

Business 12 Jul 2016 | 12:00 AM

End of the road for risk-services contracts (RSCs)

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.

Corporate News 11 Jul 2016 | 5:47 AM

SapuraKencana units reach deal with Petronas to end Berantai RSC

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).