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.

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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.

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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.

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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.

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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.

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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.

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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.

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Solid and sound partnership
Date: 26.10.2014.

Datuk Kris Azman Abdullah, the senior vice-president, Energy & Joint Ventures, noted that the CIMB Classic has emerged as a key golfing event in the region for both players and spectators alike. SapuraKencana is a key sponsor of the CIMB Classic tournament and has been from the onset.

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SapuraKencana appointment’s director
Date: 30.09.2014.

SapuraKencana Petroleum Bhd has appointed Eduardo Antonello as non-executive director replacing Tor Olav Troim as a nominee of Seadrill Ltd. Antonello is a member of the executive management team of Seadrill and has strong relationship with SapuraKencana. John Fredriksen would continue to be an alternate director of the company.

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