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Corporate News 25 Sep 2018 | 12:00 AM

Sapura Energy secures RM815mil contracts

KUALA LUMPUR: Sapura Energy Bhd has secured three new jobs and a contract extension worth about RM815mil in Australia, Brunei, Malaysia and Nigeria.

Corporate News 24 Sep 2018 | 12:38 PM

Sapura Energy bags contracts worth RM815mil

KUALA LUMPUR: Sapura Energy Bhd has secured three new contracts and a contract extension valued at approximately RM815mil in Australia, Brunei, Malaysia and Nigeria, bringing the group's total value in contract wins in the current financial year to-date to RM5.3bil.

Stock on the Move 13 Sep 2018 | 1:37 AM

Sapura Energy shares up on disposal of O&G arm

KUALA LUMPUR: Sapura Energy Bhd’s shares were up this morning after it announced the disposal of a 50% stake in its oil and gas exploration arm.

Corporate News 13 Sep 2018 | 12:00 AM

Sapura’s degearing move, sells 50% of E&P to cut debts

PETALING JAYA: Sapura Energy Bhd, which is saddled with net debt of slightly more than RM15bil, has stepped up plans to reduce its gearing with a proposed disposal of a 50% stake in its oil and gas exploration and production (E&P) arm to Austria’s OMV Aktiengesellschaft (OMV AG).

Corporate News 12 Sep 2018 | 1:03 AM

Sapura Energy proposes to dispose 50% of O&G arm

PETALING JAYA: Sapura Energy Bhd entered into a Head of Agreement (HoA) to dispose a 50% stake in its oil and gas exploration arm based on an enterprise value of US$1.6bil (RM6.5bil) to Austria’s OMV Aktiengesellschaft (OMV).

Corporate News 05 Sep 2018 | 12:00 AM

Sapura Energy signs maiden farm-in deals in Australia

PETALING JAYA: Sapura Energy Bhd’s unit has secured deals to participate in three offshore exploration permits held by Australia-based Finder Exploration Pty Ltd, marking the group’s foray into the upstream oil and gas (O&G) business in the land Down Under.

Corporate News 04 Sep 2018 | 11:27 AM

Sapura Energy announces maiden farm-in project in Australia

KUALA LUMPUR: Sapura Energy Bhd said wholly owned Sapura Upstream Sdn Bhd has secured its maiden oil and gas exploration project in Australia.

Corporate News 03 Sep 2018 | 12:00 AM

PNB on its Sapura investment

PETALING JAYA: Permodalan Nasional Bhd (PNB), which has come under scrutiny for supporting a RM4bil cash call by Sapura Energy Bhd, said that it was putting more money into the oil and gas company based on the merits of investments.

Corporate News 27 Aug 2018 | 12:27 AM

Sapura Energy on stronger footing by year end after RM4b cash call

KUALA LUMPUR: CIMB Equities Research views the RM4bil capital raising exercise as necessary medicine for Sapura Energy to get back on its feet and be able to take advantage of the nascent upturn in oil and gas capex spending.

Business 25 Aug 2018 | 12:00 AM

Sapura Energy slides after RM4bil cash call

Rights issue is part of a broader strategic plan that may involve listing of its exploration and production arm