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Business 19 Jul 2019 | 12:00 AM

Sapura Energy sees earnings recovery

KUALA LUMPUR: Sapura Energy Bhd is confident that all its divisions – engineering and construction (E&C), drilling, as well as exploration and production (E&P) – will turn profitable within 12 months, driven by higher utilisation of its assets.

Business 18 Jul 2019 | 9:03 AM

Sapura Energy expects to be profitable in 12 months

KUALA LUMPUR: Sapura Energy Bhd (SEB) expects its operations -- drilling, engineering and construction (E&C) and exploration and production (E&P) -- to be profitable in 12 months.

Business 17 Apr 2019 | 12:00 AM

Shahril not reducing stake in Sapura Energy

PETALING JAYA: The 600 million shares or 3.76% stake in Sapura Energy Bhd that was sold off by Sapura Technology Sdn Bhd, the investment vehicle of Tan Sri Shahril Shamsuddin and family, was actually excess shares, and not shares of their own core shareholding.

Corporate News 26 Mar 2019 | 12:00 AM

One-off gain boosts Sapura Energy results

PETALING JAYA: Sapura Energy Bhd posted its first net profit in six quarters thanks to a one-off gain from the disposal of a subsidiary that masked the tough operating condition faced by the company.

Corporate News 25 Mar 2019 | 6:03 AM

Sapura Energy returns to the black, net profit at RM500.42mil in 4Q19

KUALA LUMPUR: Sapura Energy Bhd, which posted a net profit of RM500.4mil in the fourth quarter ended Jan 31, against a net loss of RM2.28bil in the same quarter a year earlier, has declared a special dividend of 0.5 sen per share for the financial year ended Jan 31 (FY19).

Commodities 07 Mar 2019 | 12:00 AM

Rising inventories may halt oil and gas rally

PETALING JAYA: Oil and gas stocks have been powering the rally on Bursa Malaysia, following a rise in crude oil prices for two straight months as the Organisation of Petroleum Exporting Countries (Opec) and its partners reduce output in their bid to balance global oil markets.

Corporate News 07 Feb 2019 | 12:00 AM

SapuraOMV aims to triple crude output

PETALING JAYA: Sapura Energy Bhd and its Austrian partner, OMV Aktiengesellschaft, aim to triple crude output by the end of 2020.

Corporate News 28 Jan 2019 | 8:48 AM

Sapura Energy receives shareholders approval for upstream JV

KUALA LUMPUR: Sapura Energy Bhd has received shareholders approval for the 50:50 strategic partnership with Austria’s OMV Aktiengesellschaft.