Sapura Energy secures award for Pan Malaysia underwater services from Shell

[ KUALA LUMPUR: Sapura Energy Bhd‘s wholly-owned subsidiary Sapura Subsea Services Sdn Bhd has secured a contract for the provision of Pan Malaysia underwater services for PETRONAS Group of Companies and petroleum arragement contractors by Sarawak Shell Berhad (SSB) and Sabah Shell Petroleum Company Limited (SSPC). In a bourse filing, the group said the contract … Read more

Sapura Energy secures court approval for debt restructuring

[ KUALA LUMPUR: Sapura Energy Bhd and its 22 wholly owned subsidiaries (scheme companies) have been granted new convening and restraining orders by the High Court of Malaya today for a period of three months, commencing March 11, 2024. The orders, sanctioned under the Companies Act 2016, will enable each of the scheme companies to … Read more

TotalEnergies to buy OMV’s Malaysia assets for US$903mil

[ TotalEnergies SE agreed to buy OMV AG’s stake in an independent Malaysian natural gas producer for $903 million, increasing the French energy giant’s presence in southeast Asia. SapuraOMV, headquartered in Kuala Lumpur, is a joint venture between Sapura Energy Berhad and OMV. It has production and development assets in shallow waters off Malaysia, as … Read more

Trading ideas: SunREIT, IGB REIT, IGB Commercial REIT, CLMT, Sapura Energy, Samaiden, MFM, UZma, Avillion and Reneuco

[ KUALA LUMPUR: Recent corporate announcements could put the spotlight on SunREIT, IGB REIT, IGB Commercial REIT, CLMT, Sapura Energy, Samaiden, MFM, UZma, Avillion and Reneuco, said Apex Securities Research. Sunway Real Estate Investment Trust‘s (Sunway REIT) net property income (NPI) decreased by 7.2% to RM135.7 million for the fourth quarter ended Dec 31, 2023. … Read more

Trading ideas: Sapura Energy, EWI, Al-‘Aqar Healthcare REIT, Scientex Packaging, Cuscapi, MyEG and UMW

[ KUALA LUMPUR: Companies that recently made headlines include Sapura Energy, EWI, Al-‘Aqar Healthcare REIT, Scientex Packaging, Cuscapi, MyEG and UMW, said Apex Securities Research. Sapura Energy Bhd third quarter 2024 for the period ended Oct 31, 2023 posted a net profit of RM30.89mil, three times net profit of RM10.18mil in the same quarter in … Read more