Latest News
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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