SapuraKencana Petroleum Bhd’s subsidiary has received a US$9.2mil (RM28mil) contract extension to provide its tender rig for offshore drilling.

SapuraKencana Petroleum Bhd's wholly owned subsidiary TL Offshore Sdn Bhd (TLO) has secured some US$25mil (RMworth of job from Pearl Oil (Amata) Ltd, a Mubadala Petroleum affiliate.

Malaysia's top player Danny Chia shot a solid 5 under 66 to win the RM150,000 Sapura National Qualifier yesterday and earned a second appearance at the CIMB Classic.

SapuraKencana Petroleum Bhd is set to be propelled into the pool of top offshore services providers in the world as it anticipates seven new vessels to be delivered within the next two years.

The federal government is confident of channelling more vessel repair jobs to Labuan now as the outlook of the oil and gas (O&G) sector in the island has improved.

SapuraKencana Petroleum Bhd maintain outperform at RM2.41 with a target price of RM2.97: Congenstion at Brazilian yards is one of the factors that prompted Petrobas to open up the construction of vessels to foreign shipyards.

SapuraKencana Petroleum Bhd, via its wholly-owned subsidiary in Australia has secured a A$14.8 million (RM48.54 million) contract from PTTEP Australasia (Ashmore Cartier) Pty Ltd for the provision of the vessel "Normand Clough" to support the hookup and commissioning activities of the Montara Development Project.

SapuraKencana Petroleum Bhd will be well-positioned to target large-scale and lucrative oil and gas projects in and outside Malaysia given the recent acquisition of Quippo Prakash Marine Holdings Pte Ltd (QP), says OSK Research.

SapuraKencana has announced that PETRONAS has exercised its option to extend the contract, originally signed in December 2009, for the transportation and installation of offshore oil and gas facilities, for one year (2013).

SapuraKencana Petroleum Bhd's wholly owned subsidiary in Australia, SC Project Pty Ltd, has secured a A$51 million (RM157.54 million) contract from Origin Energy Resources Ltd for the Origin Otway Phase 3 Development