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Sapura Energy rises after bagging RM760mil contracts

PETALING JAYA: The cyclical upturn in the oil and gas sector has seen Sapura Energy Bhd starting off steady with positive analyst recommendations and a rise in its stock price.

Kenanga upgrades Sapura Energy to outperform, TP of 34 sen

KUALA LUMPUR: Sapura Energy's new contract wins and extensions of RM760mil brought its year-to-date wins to about RM9bil and order book to about RM19bil, marking their highest in over two years.

Alam Maritim rises after winning job from Hess

PETALING JAYA: Alam Maritim Resources Bhd rose 6.25%, or 0.5 sen, to 85 sen in early trading after its unit secured a five-year contract for the provision of pan-Malaysia underwater services for petroleum arrangement contractors from Hess Exploration and Production Malaysia BV.

DNeX shares up 1.3% following contract win

KUALA LUMPUR: Shares of Dagang Nexchange Bhd (DNeX) rose in early trade Wednesday, after the company secured a US$5m contract to provide solid expandable tubulars.

Barakah shares rise on Hess contract news

KUALA LUMPUR: Shares of Barakah Offshore Petroleum Bhd rose in early trade on Friday, after the company announced that it has secured a five-year contract from Hess Exploration and Production Malaysia BV.