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CRUDE palm oil’s (CPO) huge 75% jump in prices over the past one year is a boon for planters, but experts are almost in unison in predicting that prices will come down in the second half of the year, as current production and supply disruptions in the global edible oil market began to ease.
KUALA LUMPUR: Sapura Energy Bhd has secured contracts, including extensions to provide drilling and engineering services to several companies in Malaysia, India, Mexico and Australia totalling RM1.8bil.
KUALA LUMPUR: Tan Sri Shahril Shamsuddin, the president and group chief executive of Sapura Energy Bhd, has slipped out of the billionaire list after the company’s wider-than-expected losses in the third quarter sent the stock crashing below RM1 for the first time since the merger with Kencana Petroleum Bhd in 2012.
DESPITE a view that many Malaysian oil and gas (O&G) companies are not out of the woods yet following the 2014 collapse in oil prices, investor interest in some companies remains strong.
PETALING JAYA: Tan Sri Mokhzani Mahathir has ceased to become substantial shareholder of Sapura Energy Bhd after selling almost 385 million shares in the company on Nov 7, a filing with Bursa Malaysia showed.
KUALA LUMPUR: Tan Sri Mokhzani Mahathir has disposed of a 6.4% stake in Sapura Energy Bhd on Tuesday, thus ceasing to be the company’s substantial shareholder, a filing with Bursa Malaysia on Thursday showed.
SINCE the oil price rout about three years ago, Sapura Energy Bhd has seen several developments, with the latest being the exit of its second-largest shareholder Tan Sri Mokhzani Mahathir, who controls a 10.1% stake or 605 million shares in the oil and gas (O&G) company.