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Sapura buys controlling stake in Crest Petroleum

SAPURA Telecommunications Bhd is strengthening its presence in the oil and gas sector with the purchase of a controlling 38.56% stake in Crest Petroleum Bhd from Renong Bhd for RM105mil cash, or RM3.60 a share.


Sapura's long search is finally over

SAPURA Telecommunications Bhd's (Sapura) search for a meaningful core business is finally over with its recent acquisition of a 38.56 per cent stake in Crest Petroleum Bhd, a company whose mainstay is in offshore drilling, marine installations and marine construction.


Hamzah named chairman of Sapura Energy

SAPURA Energy Sdn Bhd, a wholly owned subsidiary of Sapura Hol-dings Sdn Bhd, has appointed Datuk Hamzah Bakar as the company chairman.


Sapura Energy expects higher contribution from overseas ventures

SAPURA Energy Sdn Bhd, which is venturing into Myanmar and Thailand this year, expects its overseas ventures to make a significantly higher contribution to its revenue for the financial year ending Jan 31, 2004.


Crest to buy Sapura Energy

SAPURA Holdings Sdn Bhd intends to dispose of its entire stake in Sapura Energy Sdn Bhd to Crest Petroleum Bhd in a bid to rationalise its activities in the oil and gas industry.


Crest picks advisers to study Sapura Energy buy

CREST Petroleum Bhd will appoint advisers in July to study the feasibility of it buying Sapura Energy Sdn Bhd from Sapura Holdings Sdn Bhd, said Crest managing director Razman Ariffin.


Crest Petroleum plans to buy Sapura Energy

CREST Petroleum Bhd has proposed to acquire Sapura Energy Sdn Bhd from Sapura Holdings Sdn Bhd for RM186.3mil.


Some oil and gas company profiles and prospects

Some oil and gas company profiles and prospects, including Crest, Scomi, Trenergy, Sime Petra and Wah Seong.


Oil & gas buoyed by growth potential

It seems like punting on the oil and gas counters is the only game in town, judging by the spectacular surge in their share prices. In our special focus today, I>StarBiz/Ipresents two contrasting sides of the oil and gas story, plus the high flyers that have been hogging the limelight on the KLSE.


Share hike affects Crest rights issue pricing

THE board of Crest Petroleum Bhd may be in a bit of a bind over the pricing of its proposed rights issue given that its share price has soared 83% since the fund-raising exercise was announced on July 29.