Latest News
SapuraKencana prepares return to syariah list
Date: 16.01.2015.

In a move to prepare its re-entry into the list of syariah-compliant stocks, SapuraKencana Petroleum Bhd has signed a US$2.3bil (RM8.15bil) equivalent Islamic facility agreement, converting a portion of its existing multi-currency loan.

Read more
SapuraKencana names Chow New CFO
Date: 9.01.2015.

SapuraKencana Petroleum Bhd has appointed Chow Mei Mei as its new CFO. Chow Mei Mei will replace Tengku Muhammad Taufik Tengku Kamadjaja Aziz effective 8 January 2015.

Read more
Research houses maintain ‘buy’ on SapuraKencana
Date: 11.12.2014.

Research houses have maintained 'buy' calls on SapuraKencana Petroleum Bhd following its solid net profit of RM1.1 billion for the nine months of financial year ending January 31, 2015. Strong earnings growth driven by acquisitions of tender rigs and energy businesses and higher contributions from the offshore construction segment.

Read more
Wake-up call
Date: 11.12.2014.

The plunging price of crude oil serves as a "wake-up call" for all players and forces them to rethink their business model, said Tan Sri Shahril Shamsuddin of SapuraKencana Petroleum Bhd. SapuraKencana boss says players should rethink business models.

Read more
SapuraKencana's 9-month profit soars
Date: 10.12.2014.

SapuraKencana Petroleum Bhd group's after-tax profit rose to RM1.3 billion in the first nine months of financial year 2015 compared with RM787 million in the corresponding period of financial year 2014 Net profit rose 41.9 percent in the third quarter, on contribution from newly acquired upstream units.

Read more
SapuraKencana Business Resilient
Date: 9.12.2014.

MIDF Investment Research (MIDF Research) believes SapuraKencana Petroleum Bhd's order book is robust enough to withstand short-term shocks as about 70 per cent of the group's orders are from domestic oil companies and 18 per cent from international players. Group can withstand short-term stocks as most of its jobs are local.

Read more
SapuraKencana bags contracts worth RM1.58 billion
Date: 5.12.2014.

In a filing to Bursa Malaysia, SapuraKencana Petroleum Bhd said its fabrication, hook-up and commissioning division has received three contracts with a combined value of RM710 million, while its offshore construction and subsea services division has been awarded contracts worth a combined RM520 million. SapuraKencana Petroleum Bhd's units have bagged contracts with a combined value of RM1.58 billion.

Read more
Asset acquisition boosts SapuraKencana status
Date: 22.11.2014.

SapuraKencana Petroleum’s US$400 million purchase of PETRONAS' assets displays its rising stature as an upstream (O&G) asset owner and operator, MIDF Research said. MIDF Research stated that the main reason for the acquisition was to rebalance their upstream portfolio.

Read more
SapuraKencana wins bid for three PETRONAS oil blocks
Date: 20.11.2014.

SapuraKencana Petroleum Bhd has won the bid to acquire the entire interest of Petroliam Nasional Bhd (PETRONAS) in three oil blocks offshore South Vietnam for a total purchase price of US$400mil (RM1.35bil). The closing of the transaction though is still subject to the approval of the relevant government authorities.

Read more