Oil and gas sector hires more local graduates, trims forex losses

KUALA LUMPUR: Skilled local workforce has helped major oil and gas (O&G) cushion the global weak oil prices, ringgit fluctuations and foreign exchange (forex losses) over the past few years. Analysts said companies such as Petroliam Nasional Bhd (Petronas), Sapura Energy Bhd, Alam Maritim Bhd, Barakah Offshore Bhd and others has hired local professionals and


Leading global oil and gas service provider, Sapura Energy Berhad (SEB) continues to attract local and international graduates seeking to work in top-ranking companies. Recently Sapura Energy took part in the Universiti Teknologi Petronas (UTP) Annual Career Fair 2019 that attracted more than 5,000 visitors at UTP’s main campus in Tronoh, Perak. Sapura Energy’s Talent

Sapura Energy Successfully Raises RM4 billion From Rights Issue

Sapura Energy Berhad (Sapura Energy) has successfully raised approximately RM4 billion from its rights issue exercise which closed on 16 January 2019. The Group received 8,138,379,841 of valid acceptances and excess applications for its rights shares with warrants, representing a subscription rate of 81.5 per cent. For its Islamic redeemable convertible preference shares (RCPS-i), the

Sapura Energy Secures RM760 Million In Contract Wins Across Services Segment

Sapura Energy Berhad (Sapura Energy) has secured RM760 million in contract wins for its Drilling and Engineering & Construction businesses. The latest achievements have lifted the value of contract wins to RM9.3 billion for its current financial year. The company’s growing order book will see a higher utilisation of its assets as it gears up

Sapura Energy Consortium Secures RM3 Billion Contract From ONGC India

Sapura Energy Berhad (Sapura Energy) and its consortium partner have been awarded a contract valued at approximately RM3 billion by Oil and Natural Gas Corporation (ONGC) in India. The consortium partners comprising Sapura Fabrication Sdn Bhd (Sapura Fabrication), a wholly-owned subsidiary of Sapura Energy, and Afcons Infrastructure Limited (Afcons), will be jointly undertaking Engineering, Procurement,

Shahril to lead Sapura Energy to greater heights

Sapura Energy’s concerted efforts to reduce its debts and borrowings have been well received by analysts and should provide a platform for the company to improve its long term financial health. Last August, Sapura Energy announced a recapitalisation exercise to raise RM3.98bn to pare down borrowings. This involves the issuance of rights issue with free

Shahril opening doors to international business for Malaysia

Sapura Energy Bhd has further cemented its track record as a prominent global player by nabbing new contracts in Mexico this month, approximately eight months after being awarded Block 30 in the Gulf of Mexico. The company announced recently that it had won a contract from Hokchi Energy S.A. de C.V. to undertake engineering, procurement,

Sapura Energy leading the way with women employment

Malaysian-based oil and gas service company, Sapura Energy Berhad, is one of the country leading multi-national-company that recognises the importance of gender diversity and is committed to achieving it in the workplace. Since 2000, Malaysia’s female workforce has increased from 47.2 per cent to 54 per cent in 2017.  Increasing female employment rates have contributed

Positive News for Shareholders as Sapura inks deal with OMV

As part of what looks like a broader strategy to reduce debt and focus on areas of the business that will give the best returns for shareholders, Sapura Energy signed a strategic partnership with OMV Aktiengesellschaft (OMV) last Friday.  The oil & gas services and solutions provider is now eyeing a turnaround in the financial