Latest News
Sapura Energy bags RM760 mil worth of contracts
Date: 11.01.2019.

Integrated oil and gas group Sapura Energy Bhd has been awarded four new contracts and one extension with a combined value of RM760 million.

The jobs involve three drilling contracts and two contracts for the engineering and construction (E&C) segment, the group said today.

Read more
Tender book expansion, prospective bids seen for Sapura Energy
Date: 10.12.2018.

Maintain buy with an unchanged fair value (FV) of 55 sen: We have maintained our “buy” call on Sapura Energy Bhd, with an unchanged FV of 55 sen a share, based on a 25% discount to our estimated diluted book value of 73 sen a share, assuming an ex-proposed rights issue of up to RM4 billion. This implies a 24% discount to our ex-sum-of-parts valuation.

Read more
Sapura Energy 3Q net loss narrows significantly on higher revenue
Date: 7.12.2018.

Sapura Energy Bhd’s net loss for its third quarter ended Oct 31, 2018 narrowed significantly to RM31.09 million from RM274.41 million a year ago, on higher revenue contribution.

Quarterly revenue grew 17.4% to RM1.5 billion from RM1.28 billion previously, the group said in a filing with Bursa Malaysia.

Read more
Sapura Energy consortium clinches RM3b contract in India
Date: 7.12.2018.

Sapura Energy Bhd and its consortium partner have clinched a RM3 billion contract from Oil and Natural Gas Corporation (ONGC) in India.

The consortium partners comprising the group’s wholly-owned subsidiary of Sapura Energy, Sapura Fabrication Sdn Bhd (Sapura Fabrication) and Afcons Infrastructure Limited (Afcons), will be jointly undertaking engineering, procurement, construction, installation and commissioning (EPCIC) works for a central processing platform (CPP) and living quarters for KG-DWN 98/2 NELP block.

Read more
Sapura Energy shareholders approve RM4 bil cash call
Date: 30.11.2018.

Sapura Energy Bhd has received shareholders’ approval for its proposed rights issue to raise RM4 billion to trim its debts.

Shareholders voted overwhelmingly to subscribe to the group’s rights issue and support its growth plans at the extraordinary general meeting (EGM) today.

Read more
Sapura Energy wins RM1.75bil new jobs in Malaysia and Mexico
Date: 27.11.2018.

Sapura Energy Bhd has secured new contracts worth RM1.75bil for jobs based in Malaysia and Mexico, lifting its order book to RM18bil.

The new contracts also bring the integrated oil and gas services and solutions provider’s total contract wins for the current financial year-to-date to RM7bil.

Read more
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.

Read more