Search results for: SapuraKencana

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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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 10 September 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    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 […]

  • 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 […]

  • 16 June 2014
    Business & Finance

    The Board of Directors of SapuraKencana Petroleum Berhad has announced that its wholly-owned drilling subsidiaries have been awarded three new contracts and a contract extension worth approximately $700 million. Petcon (Malaysia) Sdn Bhd, a wholly-owned subsidiary of SapuraKencana, has been awarded two contracts by Petronas Carigali Sdn Bhd (“PCSB”) for the provision of its tender assist […]

  • 2 July 2014
    Business & Finance, Operations & Maintenance

    Upstream oil and gas services provider SapuraKencana Petroleum Berhad (SapuraKencana), has reached a key milestone in its international operations by starting ahead of schedule its first pipe-laying support vessel (PLSV) work for state-run PETROBRAS in the pre-salt waters off Brazil. This maiden foray for the SapuraKencana in Brazilian waters was undertaken by its brand new PLSV “Sapura […]

  • 24 August 2016
    Equipment

    UK’s offshore crane services specialist Sparrows has through its subsidiary Sparrows Offshore Services entered into a partnership with Malaysia’s SapuraKencana Technology Sdn Bhd. 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 […]

  • 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 […]

  • 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 […]

  • 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”). […]

  • 15 April 2016

    Malaysian oilfield services provider SapuraKencana has reportedly decided to undertake a restructuring of the company that may involve “redundancies” amid low oil price environment.  According to Nikkei Asian Review, an Asia-focused English-language publication, the Malaysian company will undertake a restructuring campaign, effective June 1, 2016. The news website stated that the company’s president and CEO, Shahril Shamsuddin, […]

  • 20 November 2014
    Business & Finance

    SapuraKencana Petroleum Berhad will buy Petronas’ interest in three blocks offshore south Vietnam (Blocks 01/97 & 02/97, Blocks 10&11.1, Block 46-CN) for a total purchase price of $400 million. The economic effective date of the transaction is January 1, 2014 and SapuraKencana is entitled to net revenues from these Blocks from that date, the company said […]