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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.
PETALING JAYA: Sapura Energy Bhd’s wholly owned subsidiaries, Sapura Fabrication Sdn Bhd and Sapura Saudi Arabia, have been selected to join Saudi Aramco’s long-term agreement (LTA) programme that covers engineering, procurement, fabrication, transportation and installation (EPCI) contracts to support Saudi Aramco’s offshore projects.
KUALA LUMPUR: AmInvestment Research upgraded its call on Sapura Energy (Sapura) to Buy from Hold with a higher fair value of 50 sen a share from an earlier 30 sen.