Latest News
Sapura Energy expects to be profitable by FY20
Date: 12.11.2018.

Sapura Energy Bhd is upbeat about returning to the black in the financial year ending January 31, 2020 fuelled by increasing orderbook, reduction in annual interest debt and higher oil and gas (O&G) production.

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Sapura Energy expected to turn around in financial year 2020
Date: 1.10.2018.

TYPICALLY, most oil and gas (O&G) companies should be generating profits with the crude oil prices currently trading at a high of US$80 per barrel.

However, this is not the case with Sapura Energy Berhad, which suffered a net loss of RM126.06mil for the second quarter (Q2) ended July 31, 2018.

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Sapura Energy strikes a good cash deal
Date: 25.09.2018.

The oil and gas services provider, in which Shahril has 16.8% equity interest, had just announced that Austrian oil and gas giant OMV Aktiengesellschaft was seeking to acquire a 50% stake in the group’s upstream assets housed under Sapura Upstream Sdn Bhd (previously known as Sapura Exploration and Production Sdn Bhd).

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Stake sale of upstream asset likely positive for Sapura Energy
Date: 19.09.2018.

Sapura Energy Bhd has entered into a heads of agreement (HoA) with OMV Aktiengesellschaft (OMV AG) for the proposed sale of a 50% stake in its wholly-owned subsidiary, Sapura Upstream Sdn Bhd. The parties have agreed to continue ongoing negotiations on an exclusive basis.

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