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Sapura Energy appoints former Shell Malaysia and Technip chiefs to its board The Edge 12 hrs ago Arjuna Chandran Shankar Datuk Iain Lo. Filepix by optionstheedge.com KUALA LUMPUR (April 30): Sapura Energy Bhd has appointed Datuk Iain Lo and Bernard di Tullio to its board of directors, effective May 1. Lo will join the board as an independent and non-executive director, the group said in a statement today. He had recently retired as chairman of Shell Malaysia and has three decades of experience in Shell’s exploration and production, gas and downstream businesses, both in Malaysia and abroad, it added. Sapura Energy said di Tullio, who had served as the president and chief operating officer of Technip Group Worldwide from 2005 to 2011, will join its board as a non-independent and non-executive director. ....
KUALA LUMPUR (April 28): Sapura Energy Bhd was among the most actively traded stocks this morning amid mixed reviews from analysts after the group secured oil and gas contracts worth RM1 billion while reporting a smaller net loss in the fourth quarter ended Jan 31, 2021 (4QFY21). Sapura Energy rose as much as one sen or 7.69% to 14 sen in early trades. At 10.19am, the counter pared some gains at 13.5 sen, still up five sen or 3.85%. The counter, which was the fifth most actively traded stock, saw 66.32 million shares changed hands. MIDF Research’s analyst Kifni Kamaruddin maintained his buy call on Sapura Energy with an unchanged target price (TP) of 16 sen as he continued to view Sapura Energy’s future prospects positively given that the operating environment worldwide has improved since mid-2020, underpinned by higher oil prices that have rebounded significantly to US$60 per barrel levels, which will benefit the group s engineering and construction (E&C) as wel ....
PETALING JAYA: There could be some light at the end of the tunnel for the local oil and gas (O&G) sector as the government is taking steps to revive the sector. The oil and gas services and equipment (OGSE) sector has been stuck in the doldrums, with many companies sitting on huge debts following the 2014 crude oil price rout. Last year’s Covid-19 pandemic has put further strain on the industry. Yesterday, the government launched its first blueprint, dubbed as the National OGSE Industry Blueprint 2021-2030, focusing on the O&G service providers that have been badly hit due to the Covid-19 fallout. ....
KUALA LUMPUR (April 27): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (April 28) include: Bursa Malaysia Bhd, Tasco Bhd, Frontken Corp Bhd, Unisem (M) Bhd, Globetronics Technology Bhd, Sapura Energy Bhd, Nestle (Malaysia) Bhd, Westports Holdings Bhd, RGT Bhd, Atrium Real Estate Investment Trust (Atrium REIT), SHH Resources Holdings Bhd, Seacera Group Bhd, Bintai Kinden Corp Bhd and Inta Bina Group Bhd. Bursa Malaysia Bhd’s net profit for the first quarter ended March 31, 2021 almost doubled to RM121.39 million from RM64.73 million reported in the previous year, largely due to higher operating revenue. The stock exchange operator’s quarterly revenue surged 54.08% to RM232.28 million against RM150.75 million, supported by higher trading revenue in the securities and Islamic market segments. ....
Sapura Energy secures six oil and gas contracts worth RM1b theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.