SapuraKencana Petroleum Bhd Company News

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SapuraKencana: Short-Term Industry Outlook Uncertain
Thursday, December 08, 2016 The short-term industry outlook remains uncertain, although there are early indications that the oil price is heading towards a path of stability in the medium term, SapuraKencana says.

Malaysia's SapuraKencana Posts 7.1% Gain in 2Q FY17 PAT to $27M
Thursday, September 29, 2016 SapuraKencana Petroleum's profit after tax (PAT) rises 7.1 percent to $27.2 million in the second quarter of financial year 2017 (2Q FY17), but revenue falls 40.2 percent to $410 million.

SKTLO Bags $65.3M Contracts for Work Offshore Malaysia, Vietnam
Thursday, September 01, 2016 SapuraKencana TL Offshore bags several contracts, worth around $65.3 million, for work offshore Malaysia and Vietnam.

PETRONAS Minimizes Staff Redundancy to Facilitate Capability Development
Tuesday, August 23, 2016 Malaysia's PETRONAS minimizes layoffs in order for the firm to continue with its capability development, a senior executive says.

SapuraKencana Secures $126M EPCI Contract for the TANAP Project
Thursday, July 28, 2016 Malaysia's SapuraKencana Petroleum secures its first engineering, procurement, construction and installation (EPCI) contract in Europe with a $126 million deal for the Trans Anatolian Natural Gas Pipeline (TANAP) project offshore Dardanelles Strait.

Malaysia's SapuraKencana Secures $113M Contract for a Mexican Assignment
Tuesday, July 26, 2016 Malaysia's SapuraKencana Petroleum secures a $113 million contract from Mexico's Pemex Exploracion y Produccion.

PETRONAS Reaches Deal with SapuraKencana, Petrofac for Berantai
Monday, July 11, 2016 PETRONAS reaches deal with SapuraKencana and Petrofac for the cessation of the Berantai Risk Service Contract located offshore Terangganu, Malaysia.

SapuraKencana Secures $125M of Drilling, Engineering & Construction Deals
Tuesday, June 28, 2016 SapuraKencana Petroleum secures $125 million of drilling as well as engineering and construction contracts and contract extensions in Malaysia, Australia and Trinidad and Tobagao.

SapuraKencana Inks Deal to Sell Gas from Malaysia's B15 Field to PETRONAS
Monday, June 27, 2016 SapuraKencana Energy inks agreement to sell gas to PETRONAS from its B15 field in SK310 Production Sharing Contract offshore East Malaysia.

SapuraKencana Energy Make Gas Discovery in SK408 PSC Offshore Sarawak
Tuesday, May 31, 2016 SapuraKencana Energy makes gas discovery in SK408 Production Sharing Contract offshore Sarawak, Malaysia.

Term Sheet: Seadrill Sells Stake In Sapurakencana Petroleum For $198M
Thursday, April 28, 2016 Seadrill sold its 8.2 percent stake in Malaysia's Sapurakencana Petroleum for $198 million.

Malaysia's SapuraKencana Petroleum Incurs Loss of $196M in PAT for FY16
Monday, March 28, 2016 Malaysia's SapuraKencana Petroleum incurs a loss of $196 million in profit after tax for financial year that ended Jan. 31, compared to a gain of $355 million in the previous year.

SNM's Newbuild PSLV Sapura Jade Commences Work for Petrobras Off Brazil
Friday, February 19, 2016 Sapura Navegacao Maritima's newbuild pipelay support vessel Sapura Jade commences work with Petrobras on schedule offshore Brazil.

SapuraKencana Secures Several Service Contracts
Thursday, February 04, 2016 SapuraKencana Petroleum Berhad's wholly-owned subsidiary companies and jointly controlled entities have been awarded contracts and contract extensions with a combined value of approximately $382 million.

SapuraKencana Cancels Deal to Acquire 3 Blocks Offshore Vietnam for $400M
Monday, January 25, 2016 Malaysia's SapuraKencana Petroleum cancels deal to acquire three offshore Vietnamese oil and gas blocks from PETRONAS Carigali for $400 million.

Malaysia's SapuraKencana Petroleum Clinches $117M Contracts
Friday, January 15, 2016 Malaysia's SapuraKencana Petroleum units clinch engineering and construction as well as drilling contracts amounting to around $117 million.

Malaysia's SapuraKencana 3Q Net Profit Falls 63%
Tuesday, December 22, 2015 SapuraKencana Petroleum Bhd posts a 62.7% fall in third-quarter net profit on provision for impairment on property, plant and equipment, and oil and gas properties.

SapuraKencana Clinches $72M of Work in Malaysia, India & Cote d'Ivoire
Tuesday, December 08, 2015 SapuraKencana Petroleum's units clinches contracts and extensions, worth $72 million, in Malaysia, India and Cote d'Ivoire.

UMW Naga 8 Secures Contract from SapuraKencana to Drill Offshore Malaysia
Tuesday, November 24, 2015 UMW Oil & Gas assigns UMW Naga 8 jackup for a drilling contract with SapuraKencanca Petroleum offshore Malaysia.

Tendeka Bags Deal for SapuraKencana Energy's East Belumut Field
Thursday, November 05, 2015 Tendeka bags a two year deal to supply autonomous inflow control device valves to SapuraKencana Energy for the East Belumut oil field offshore Peninsular Malaysia.

SapuraKencana Secures Approval for Eastern Malaysia Gas Field Development
Wednesday, November 04, 2015 SapuraKencana Energy secures approval for the SK 310 BK15 gas field development project, offshore eastern Malaysia.

SapuraKencana Posts $28M Net Profit in 2Q FY16, Down 61% from 1Q FY16
Tuesday, September 15, 2015 SapuraKencana Petroleum's revenue rises 22.9 percent gain in the second quarter that ended July 31 to $762 million, but profit after tax falls 61.1 percent to $28 million due to provision for impairment of its oil and gas assets.

SKD Sees Opportunities for Tender Assist Drillers in Low Oil Price Market
Thursday, August 27, 2015 SapuraKencana Drilling feels that the industry downtrend may open opportunities for tender assist drillers.

Malaysia's SapuraKencana Forms JV to Undertake Oil, Gas Projects in Brunei
Tuesday, August 04, 2015 Malaysia's SapuraKencana Petroleum forms joint venture in Brunei to undertake oil and gas projects in the country.

SapuraKencana Bags $212M Deal for Mumbai High South Redevelopment Project
Tuesday, July 14, 2015 SapuraKencana Petroleum bags a $211.95 million contract from ONGC for the Mumbai High South Redevelopment Phase III project offshore India's west coast.

Oil Service Firms Jostle For India Orders Amid Global Spending Cuts
Thursday, July 09, 2015 Oilfield services firms are scrambling for contracts from India, which has emerged as a rare bright spot for the sector hardest hit by a slump in global crude oil prices.

SapuraKencana's Net Profit Declines 21% to $69.53M in 1Q FY16
Tuesday, June 16, 2015 Malaysia's SapuraKencana Petroleum posts a 21 percent decline in net profit to $69.53 million in first quarter 2016, while revenue falls 8 percent to $601.5 million.

SapuraKencana Clinches $269M Deals as Firm Ventures into Mexico
Tuesday, May 12, 2015 SapuraKencana Petroleum clinches $269 million engineering and constructions contracts in Asia and Mexico, where it will mark the commencement of its local operations.

SapuraKencana's FY2015 Net Profit Up 32% to $382M, Boosted by Upstream Ops
Tuesday, March 24, 2015 SapuraKencana's net profit rises 32 percent in financial year 2015 to $381.8 million, boosted by income from upstream operations.

Malaysia's SapuraKencana 3Q Profit Up 42% on New Business
Tuesday, December 09, 2014 SapuraKencana Petroleum says net profit increased 41.9 percent during its third quarter thanks to newly-acquired upstream units.

SapuraKencana Clinches $459M Contracts for Work in Asia Pacific, Africa
Monday, December 08, 2014 SapuraKencana Petroleum clinches $459 million contracts for work in Asia Pacific and Africa.

SapuraKencana Acquires Petronas' Stakes in 3 Blocks off Vietnam for $400M
Friday, November 21, 2014 SapuraKencana Petroleum ventures into Vietnam with the acquisition of three offshore blocks from Petronas for $400 million.

Petronas Awards 2 Exploration Blocks in Sabah to SapuraKencana-Led JV
Friday, November 21, 2014 Petronas awards onshore Blocks SB331 and SB332 in Sabah, east Malaysia to the successful bidding consortium comprising SapuraKencana, M3nergy and Petronas Carigali.

SapuraKencana Posts 2Q FY15 Net Profit of $140M, Up 8.6% YOY
Thursday, September 25, 2014 SapuraKencana Petroleum posts a net profit of $140 million for the second quarter, up 8.6 percent from a year ago.

SapuraKencana-Linked Firms Bag $124M T&I Contracts in Vietnam, Australia
Tuesday, September 02, 2014 SapuraKencana Petroleum-linked firms TL Offshore and SapuraAcergy bag transportation and installation contracts worth $124 million in Vietnam and Australia.

SapuraKencana Discovers Gas at Bakong-1 Well in SK408 Offshore Sarawak
Monday, September 01, 2014 SapuraKencana Energy discovers gas at Bakong-1 well in SK408 production sharing contract offshore Sarawak, Malaysia.

Newbuild Sapura Diamante Commences Work for Petrobras Off Brazil
Thursday, July 03, 2014 Sapura Diamante,a newbuild pipelay support vessel operated by the SapuraKencanca-Seadrill joint venture, commences work for Petrobras in the pre-salt waters off Brazil.

SapuraKencana's Unit Bags Anadarko's Deal for Survey Work in Colombia
Thursday, July 03, 2014 SapuraKencana Petroleum's unit TL Geohydrographics bags a deal from Anadarko for the charter of Teknik Perdana vessel to carry out survey work in Colombia.

SapuraKencana Bags $415M EPCIC Contracts from CPOC, Hess
Friday, June 20, 2014 SapuraKencana bags $415 million of engineering, procurement, construction installation and commissioning contracts for work offshore Malaysia and Thailand.

Malaysia's SapuraKencana Posts Profit Jump Due to Acquisitions
Thursday, June 19, 2014 Oil and gas services firm SapuraKencana Petroleum sees profit quintuple thanks to contributions from its newly-acquired tender rig business and other recent acquisitions.

Malaysia's SapuraKencana Bags $700M Drilling Contracts
Monday, June 16, 2014 Malaysian oil and gas services firm SapuraKencana wins $700 million of drilling contracts in South East Asia and Trinidad.

Cosco Zhoushan Delivers Launch Barge SapuraKencana FLB-1
Thursday, June 12, 2014 Cosco Zhoushan delivers a floatover launch barge SapuraKencana FLB-1 to SapuraKencana Petroleum.

SapuraKencana Touts Four Gas Finds Offshore Malaysia
Monday, June 09, 2014 SapuraKencana announces four significant gas discoveries in the SK408 Production Sharing Contract (PSC) area offshore Sarawak, Malaysia.

Cosco Nantong Delivers SapuraKencana 3500 Pipelay, Heavy Lift Vessel
Tuesday, May 20, 2014 SapuraKencana Petroleum takes delivery of recently completed SapuraKencana 3500 pipelay heavy lift vessel from Cosco Nantong.

SapuraKencana Clinches $312M Contracts in Asia, Africa and Russia
Friday, May 16, 2014 SapuraKencana Petroleum clinches $312 million worth of contracts in Ivory coast, Russia, India, Brunei and Malaysia.

Seadrill Sells 4% Interest in SapuraKencana for $300M, Still Holds 8% Stake
Thursday, April 10, 2014 Seadrill sells 4% stake in SapuraKencana Petroleum for $300 million, reducing its interest in the Malaysian company to 8%.

Seadrill Plans up to $305M Selldown in Malaysia's SapuraKencana
Wednesday, April 09, 2014 Seadril plans to sell up to $305 million worth of shares in Malaysian oil and gas services firm SapuraKencana, according to a term sheet of the deal.

Malaysia's SapuraKencana Bags More than $450M Drilling Contracts
Tuesday, April 01, 2014 Malaysian oil and gas services firm SapuraKencana wins more than $450 million of drilling contracts in SE Asia and Africa.

SapuraKencana Plans $500M Annual Capex to Develop Newfield's Assets
Tuesday, March 25, 2014 Malaysian oilfield services firm SapuraKencana Petroleum plans to spend $500 million.

Malaysia's SapuraKencana 4th Quarter Profit Nearly Triples
Monday, March 24, 2014 Oil and gas services firm SapuraKencana sees profits almost treble thanks to strong contributions from its newly-acquired tender rig business.