Search results for: Sapura Kencana

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  • 9 April 2014
    Business & Finance

    Seadrill Limited has sold 230 million shares of SapuraKencana raising approximately $300 million in proceeds. The total economic gain realized from this sale is approximately $165 million. Following the completion of this transaction Seadrill will continue to own approximately 490 million shares, representing an approximate 8% ownership stake in SapuraKencana. Tor Olav Trøim will continue […]

  • 24 November 2015
    Business & Finance, Exploration & Production

    Malaysia’s UMW Oil & Gas subsidiary, UMW Offshore Drilling, has received a letter of award for one of its drilling rigs from SapuraKencana Energy, also from Malaysia.   SapuraKencana Energy Peninsula Malaysia Inc., SapuraKencana Energy Sarawak Inc. and SapuraKencana Energy Sabah Inc., collectively referred to as SKE, is a wholly-owned subsidiary of SapuraKencana Petroleum Berhad (SKPB), involved […]

  • 1 May 2013

    Seadrill and SapuraKencana have today completed the  the transaction to integrate Seadrill Limited’s (“Seadrill”) tender rig division into SapuraKencana Petroleum Berhad (“SapuraKencana”) The agreed upon acquisition price is for an enterprise value of US$2.9 billion, which includes cash, SapuraKencana shares, all debt in the tender rig business, and Seadrill’s future capital commitments for newbuilds. The incremental […]

  • 28 June 2016
    Business & Finance, Exploration & Production

    SapuraKencana Petroleum’s wholly-owned subsidiary companies have been awarded new contracts and contract extensions related to drilling and engineering and construction services with a combined value of approximately $125 million.  In the drilling sector, SapuraKencana Drilling Tioman has been awarded a contract by JX Nippon Oil & Gas Exploration (Malaysia) for the provision of semi-submersible tender assist […]

  • 30 May 2012

    Seadrill, one of the world’s largest offshore drilling contractors, has sold 300 million shares in SapuraKencana Petroleum BHD (“SapuraKencana”). The proceeds from the transaction will be approximately US$200 million. SapuraKencana is the new entity formed by a merger of Kencana Petroleum Bhd and SapuraCrest Petroleum Berhad in Malaysia. According to the Borneo Post, the $3.8 […]

  • 28 June 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    SapuraKencana Petroleum Berhad’s wholly-owned subsidiary SapuraKencana Australia has secured multiple contracts for light well intervention and decommissioning services. The scope of the first project included provision of light well intervention services to Woodside Petroleum. SapuraKencana performed the work using the SID light well intervention system and SapuraKencana Constructor vessel. The second contract for decommissioning services […]

  • 11 February 2013

    Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the proposed transaction. Malaysia’s SapuraKencana will acquire all the tender rigs in Seadrill’s fleet except for the West Vencedor, T15, and T16. These three rigs are either owned or planned to be owned by Seadrill Partners LLC. Seadrill will […]

  • 11 September 2012
    Business & Finance

    SapuraKencana Petroleum Berhad announced that SapuraAcergy Sdn Bhd (“SASB”) has been awarded a contract for the charter of a vessel, Sapura 3000, to Construcciones Maritimas Mexicanas S.A. de C.V. SASB is a joint-venture company equally owned by SapuraKencana and Subsea 7 S.A. The Award comprises provision of Sapura 3000 to undertake heavy lifts in the […]

  • 2 January 2014
    Business & Finance

    The Board of Directors of SapuraKencana Petroleum Berhad (“SKPB”) announced that the Company had on 27 December 2013 incorporated three wholly-owned subsidiaries in Labuan, Federal Territory, Malaysia, known as SapuraKencana 1200 Pte Ltd (“SK1200”), SapuraKencana 3500 Pte Ltd (“SK3500”) and SapuraKencana FLB-1 Pte Ltd (“SKFLB”) (collectively the “Labuan Companies”). The share capital of the Labuan […]

  • 19 February 2016

    SapuraKencana’s fourth pipelaying support vessel (PLSV) Sapura Jade has started working with Petrobras in Brazil. SapuraKencana’s first PLSV, Sapura Diamante, entered the market on June 28, 2014. SapuraKencana’s offshore operations are being executed in Brazil for Petrobras by its Brazilian joint venture company Sapura Navegacao Maritima (SNM), which is a 50:50 venture with offshore drilling company Seadrill. In November […]

  • 6 November 2012
    Business & Finance

    SapuraKencana Petroleum Berhad and Seadrill Limited are pleased to announce that they have entered into a non binding memorandum of understanding (“MOU”) to combine and integrate both companies’ tender rig businesses. The two companies including their predecessor companies have operated part of their tender rigs businesses together successfully in the joint venture Varia Perdana Sdn […]

  • 30 September 2016
    Operations & Maintenance, Project & Tenders

    SapuraKencana Petroleum Berhad (SapuraKencana) has been awarded new contracts with a combined value of approximately USD 215 million. The first contract awarded to a consortium of SapuraKencana TL Offshore and SapuraKencana HL by Oil and Natural Gas Corporation (ONGC) is for the B127 cluster pipeline RTR project. Under the contract the consortium will provide engineering, […]

  • 5 November 2012
    Business & Finance

    SapuraKencana Petroleum Berhad and Seadrill Limited have entered into a non-binding memorandum of understanding (“MOU”) to combine and integrate both companies’ tender rig businesses. The two companies including their predecessor companies have operated part of their tender rigs businesses together successfully in the joint venture Varia Perdana Sdn Bhd and Tioman Drilling Company Sdn Bhd […]

  • 11 February 2013
    Business & Finance

    Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the proposed transaction. SapuraKencana will acquire all the tender rigs in Seadrill’s fleet except for the West Vencedor, T15, and T16. These three rigs are either owned or planned to be owned by Seadrill Partners LLC. Seadrill will in […]

  • 2 January 2014
    Business & Finance

    The Board of Directors of SapuraKencana Petroleum Berhad (“SKPB”) announced that the Company had on 27 December 2013 incorporated three wholly-owned subsidiaries in Labuan, Federal Territory, Malaysia, known as SapuraKencana 1200 Pte Ltd (“SK1200”), SapuraKencana 3500 Pte Ltd (“SK3500”) and SapuraKencana FLB-1 Pte Ltd (“SKFLB”) (collectively the “Labuan Companies”). The share capital of the Labuan […]

  • 24 August 2016
    Business & Finance, Equipment, Operations & Maintenance

    Sparrows Offshore Services and SapuraKencana Technology, a wholly-owned subsidiary of SapuraKencana Petroleum have formed a partnership. The partnership will see both entities collaborating in the provision of offshore and onshore crane services including manufacturing, supply, operations, maintenance and overhaul of offshore and onshore cranes for the oil and gas industry in Malaysia. Sparrows Group is currently […]

  • 14 January 2016
    Exploration & Production

    Malaysian offshore services provider SapuraKencana has revealed it has, through its subsidiaries, recently secured three contracts worth $117 million in total. First, SapuraKencana HL Sdn. Bhd. has won a contract to provide hook-up & commissioning works for a compression system and high pressure/high temperature facilities to be installed aboard a Petronas-operated platform, offshore Sabah, Malaysia. […]

  • 22 January 2014

    Malaysia’s largest oilfield services provider, SapuraKencana has established a new subsidiary in the United Arab Emirates.   In a filing to Bursa Malaysia, the company said that its wholly-owned subsidiary Sapura Petroleum Sdn Bhd  had on 7 January 2014 incorporated the new subsidiary in United Arab Emirates known as SapuraKencana Oil & Gas DMCC (“SK Dubai”). […]

  • 22 January 2016
    Business & Finance

    Malaysia’s SapuraKencana in late 2014 entered into an agreement to buy Petronas Carigali’s offshore assets in Vietnam, however the deal is now off. According to SapuraKencana’s statement on Friday, January 22 2016, the conditional sale and purchase agreements on the proposed Vietnam transaction have been terminated by the parties by mutual agreement. Under the proposed […]

  • 19 February 2016
    Business & Finance, Equipment, Operations & Maintenance

    SapuraKencana’s fourth pipelaying support vessel PLSV, Sapura Jade started work with Petróleo Brasileiro S.A (Petrobras) in Brazil on February 14, 2016. SapuraKencana’s offshore operations are being executed in Brazil for Petrobras by its Brazilian joint venture company Sapura Navegacao Maritima (SNM), a 50:50 venture with offshore drilling company Seadrill. In November 2011 and in June 2013, SapuraKencana’s […]

  • 25 July 2016
    Business & Finance

    Malaysian oilfield services company SapuraKencana has been awarded a contract in the Gulf of Mexico’s Bay of Campeche by Mexican oil company Pemex.  The contract, worth approximately $113 million, was awarded to SapuraKencana’s wholly-owned subsidiary company, SapuraKencana Mexicana S.A.P.I. de C.V., It is for the procurement and construction of a 36” X 18 KM sour gas pipeline (KMZ – 76) […]

  • 20 March 2014
    Business & Finance

    China’s COSCO Nantong has delivered a pipelay heavy lift vessel, “SapuraKencana 1200”, to SapuraClough, a subsidiary of Malaysia’s oilfield services provider SapuraKencana. The SapuraKencana 1200 developed by Ulstein Sea of Solutions is equipped with a ZPMC fully revolving derrick crane. The vessel is designed as a self propelled vessel with a 10-point mooring system for […]