Singapore LNG and YTL PowerSeraya Appoint New CEOs
Singapore-based energy company YTL PowerSeraya and LNG terminal operator Singapore LNG Corp (SLNG) announced that they have appointed new chief executive officers (CEOs).YTL PowerSeraya said that han Swee Huat has decided to step down as CEO of the Group with effect from 15 January 2019. Chan plans to retire but will continue to serve as an advisor to parent company YTL Power International.He will be succeeded by industry veteran John Ng…
OMV, Sapura Energy Sign Pact
Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion."Under the agreements, OMV Exploration and Production GmbH (OMV E&P), a wholly-owned subsidiary of OMV Aktiengesellschaft, will buy a 50 per cent stake of the enlarged issued share capital in a newly-formed joint venture company…
Sapura JV Secures Block 30 in Gulf of Mexico
Sapura Exploration & Production (Sapura E&P), a wholly-owned subsidiary of Sapura Energy Berhad (“the Group”, formerly known as SapuraKencana Petroleum Berhad), together with its joint venture partners DEA Deutsche Erdoel Mexico and Premier Oil have been awarded Block 30 in Sureste Basin, a proven and prolific hydrocarbon province in the Gulf of Mexico. “This is a formidable partnership of like-minded companies with significant worldwide experience…
Sapura Commences Production at B15 Gas Field
Sapura Exploration and Production (Sarawak) Inc., a wholly-owned subsidiary of Sapura Energy Berhad (SEB), informed that it has commenced production at the B15 field. The B15 gas field development is a maiden gas development project for Sapura E&P and the first gas milestone was achieved within two years of the sanction of its Field Development Plan (FDP). The B15…
SapuraKencana Petroleum Berhad Posts Robust 3Q performance
SapuraKencana Petroleum Berhad (“SapuraKencana”, “Company” or “Group”), announces its third quarter results for the period ended 31 October 2016 (for financial year ending 31 January 2017). Tan Sri Dato’ Seri Shahril Shamsuddin, President and the Group Chief Executive Officer said, “The Group recorded a positive third quarter for the financial year, leveraging on…
SapuraKencana makes another Gas Find Offshore Malaysia
SapuraKencana Energy announced another significant gas discovery from its three wells 2015 drilling campaign within the Block SK408 Production Sharing Contract (PSC) area, offshore Malaysia. All three wells targeted non-associated gas within the primary target Late Miocene Carbonate reservoirs. The first well, Jerun-1 is a significant discovery located approximately 5km north of the 2014 Bakong gas discovery.
SapuraKencana Nets 16% Profit
SapuraKencana Petroleum Berhad announced its third quarter results for the period ended 31 October 2015 (for financial year ending 31 January 2016). Revenue for third quarter of RM2,891 million, year-to-date revenue of RM7,952 million. Profit before tax for the quarter (excluding provisions for impairment on property, plant and equipment, oil and gas properties…
Sapurakencana to Launch its First Sukuk Offering
SapuraKencana Petroleum Berhad ("SKPB") through its wholly-owned subsidiary, SapuraKencana TMC Sdn Bhd ("SKTMC"), today announced the signing of the transaction documents for its inaugural Multi-Currency Islamic Medium Term Notes Programme (“MultiCurrency Sukuk Programme”). The first tranche of the Sukuk offering of USD 200 million in nominal value under the Multi–Currency Sukuk Programme has been scheduled to be launched on 8th September 2015.
Sapurakencana Petroleum Post FY 2015 Results
SapuraKencana Petroleum Berhad has reported a revenue increase of 19% having achieved a total of RM 9.9 billion for the year 2015. Profits before tax was RM 1.6 billion, an increase of 34% compared to FY2014. Tan Sri Dato' Seri Shahril Shamsuddin, President and Group CEO commented, “The Group has generated revenues of RM 9.9 billion and profits before tax of RM 1.6…
