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RM1.2bil contracts for Sapura Energy

has secured several new contract wins and extensions for jobs in Malaysia and Thailand, totalling RM1.2bil.
In a statement yesterday, the global integrated energy solutions provider said the contracts were for its engineering and construction (E&C), operations and maintenance (O&M) and drilling segments, which will continue to sustain its momentum of job wins in the second quarter of its financial year ending Jan 31, 2022.
Through its subsidiary Sapura Offshore Sdn Bhd, Sapura Energy said it had secured contracts from PTTEP Sarawak Oil Ltd and EnQuest Petroleum Production Malaysia Ltd under the Pan Malaysia Transportation and Installation of Offshore Facilities 2021 campaign. ....

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Velesto wins jack-up drilling rig job

Velesto wins jack-up drilling rig job
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , Kota Kinabalu , Sdn Bhd , Royal Dutch Shell , Velesto Energy Bhd , Sabah Shell Petroleum Co Ltd , Velesto Energy , Velesto Drilling Sdn Bhd , Sarawak Shell Bhd , குவாலா லம்பூர் , ஸ்டன் ப்ட் , அரச டச்சு ஷெல் , சபா ஷெல் பெட்ரோலியம் இணை லிமிடெட் , சரவாக் ஷெல் ப்ட் ,

MISC posts net loss on arbitration proceeding

On its outlook for the current year, MISC said spot charter rates in the LNG shipping market have surged due to the colder-than-expected Asian winder, increased LNG exports from the US to Asia and shortage of available vessels for sport charters. (File pic shows MISC s LNG tanker Camellia.)
posted a net loss of RM43mil in the financial year ended Dec 31,2020 (FY20), versus a net profit of RM1.43bil in the previous year due mainly to the adverse impact of its legal dispute with Sabah Shell Petroleum Co Ltd.
Excluding the impact of the decision on the group’s subsidiary Gumusut-Kakap Semi-Floating-Production System (L) Ltd’s arbitration proceeding against Sabah Shell Petroleum Co Ltd, the group would have recorded a pre-tax profit of RM1.77bil, it said in a statement. ....

Kuala Lumpur , Sabah Shell Petroleum Co Ltd , Production Systeml Ltd , Gumusut Kakap Semi Floating Production System , குவாலா லம்பூர் , சபா ஷெல் பெட்ரோலியம் இணை லிமிடெட் ,

MISC posts FY20 net loss of RM43mil, declares dividend of 12 sen/share

posted a net loss of RM43mil in the financial year ended Dec 31, 2020, versus a net profit of RM1.43bil in the previous year due mainly to the adverse impact of its legal dispute with Sabah Shell Petroleum Co Ltd.
Excluding the impact of the decision on the group s subsidiary Gumusut-Kakap Semi-Floating-Production System (L) Ltd s arbitration proceeding against Sabah Shell Petroleum Co Ltd, the group would have recorded a pre-tax profit of RM1.77bil, it said in a statement.
However, the group recorded a pre-tax loss of RM123.6mil compared to a pre-tax profit of RM1.51bil in the previous year, owing to the recognition of provision for litigation claims as well as a write-off of trade receivables and a loss on re-measurement of finance lease receivables. ....

Kuala Lumpur , Yee Yang Chien , Sabah Shell Petroleum Co Ltd , Production Systeml Ltd , Gumusut Kakap Semi Floating Production System , Corporate News , Sabah Shell Petroleum , குவாலா லம்பூர் , யீ யாங் சீன் , சபா ஷெல் பெட்ரோலியம் இணை லிமிடெட் , பெருநிறுவன செய்தி , சபா ஷெல் பெட்ரோலியம் , கப்பல் போக்குவரத்து ,