Sapura Energy

On Friday Sapura Energy posted a net loss to the tune of RM89 billion its highest ever for FY22 from a net loss of RM16087 million in the prior financial year as it realised impairment on goodwill and property plant and equipment worth RM539 billion collectively. This time around it is not obtaining fresh funds.

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Sapura Energy Bhd may not be able to turn around its operations in the near-to-medium term after reporting financial results which once again came in below market expectations.

. 1 day agoKUALA LUMPUR March 21 Sapura Energy Bhds SEB wholly owned subsidiaries Sapura Fabrication Sdn Bhd SFSB Sapura Offshore Sdn Bhd and Sapura Project Services Sdn Bhd SPSSB were served with winding-up petitions and affidavit verifying petitions. For the nine-month period ended oct 31 2021 sapura energy posted a net loss of rm228 billion compared with a net profit of rm5516 million in the previous corresponding period due to a provision for foreseeable losses higher project costs recognised for certain projects lower share of profit from associates and joint ventures and an. Sapura Energy Berhad 950894-T No.

Division Email Website Phone. It is undertaking a massive debt restructuring involving banks vendors and contractors as the oil and gas OG giant is still cash-strapped. Click here to sign up.

Sapura Energy has offices in Seri Kembangan Lumut Masai Mumbai and in 6 other locations Open Map View Seri Kembangan MY HQ 7 Jalan Tasik Mines Wellness City Masai MY 3 Jalan Bayu 6 Bandar Baru Seri Alam Mumbai IN Unit No1211 1st Floor Solitaire Corporate Park Guru Hargovindji Marg Ciudad del Carmen MX Oriente 4 Puerto Pesquero. Sapura Energy Berhad is Malaysia-based company engaged in investment holding and the provision of management services to its subsidiaries. Sapura Energy Berhad formerly known as SapuraKencana Petroleum Berhad is a Malaysian integrated oil and gas services company based in Seri Kembangan Selangor.

14 hours agoSapura Energy last week revealed it had made an 89 billion ringgit net loss for its 2021 financial year reportedly the largest-ever loss for any Malaysian government-link company. Sapura Energy Berhad is a global integrated energy services and solutions provider operating across the entire upstream value chain including renewables. Despite oil prices having gained more than 60 year to date and Brent Crude breaching the US85 per barrel band in.

Responding to recent news reports Sapura Energy on Wednesday clarified that it. SAPURA Energy Bhd is arguably the biggest Malaysian casualty of the meltdown in oil prices more than five years ago. Sapura Energy announced last Thursday that the court had granted an order under Section 366 of the Companies Act that will.

KUALA LUMPUR March 17. Sapura Energy Berhad today announced that the High Court has granted the company and 22 of its wholly-owned Subsidiaries Orders under Sections 366 and 368 of the Companies Act 2016. The Companys segments include Engineering and Construction Operations and Maintenance Drilling Exploration and.

Sapura Energys subsidiary Sapura Offshore was awarded the contract in March 2019. 2 days agoSapura Energy pic PETALING JAYA. Sapura Energys operations cover exp.

Anuar was commenting on Sapura Energys latest financial results. 7 Jalan Tasik Mines Resort City 43300 Seri Kembangan Selangor Malaysia. Sapura Energy narrows losses but liquidity concerns remain Read more Several vendors and service companies are said to be seeking millions of ringgits worth of outstanding claims from the company.

Sapura Energy trades in over 20 countries such as China Australia United States of America and those in Western Africa and the Middle East employing approximately 13000 people. The Groups spectrum of capabilities covers exploration development production rejuvenation decommissioning and. We have been in several businesses and each of the businesses were conceptually developed by a group of passionate and capable people who actually studied the market and put together their knowledge as well as expertise.

Malaysian company Sapura Energy has issued a termination notice to Yunneng Wind Power in relation to a contract for the transportation and installation of monopiles at the Yunlin offshore wind farm in Taiwan over an alleged breach of contract. The Order will enable each company to summon meetings with its creditors to consider and approve a proposed scheme of arrangement and compromise as part of the. 1 day agoSAPURA Energy Bhd has to bite the bullet again.

KUALA LUMPUR March 18 Sapura Energy Bhds net loss for the financial year ended January 31 2022 FY2022 widened to RM89 billion from RM16087 million a year ago. In a filing with Bursa Malaysia today SEB said that SFSB was serve with the winding-up. A verification email will be sent to your registered email.

Sapura Energy Bhd said three more of its subsidiaries have been served with winding-up petitions on March 7 and 9 due to non-payment of outstanding sumsIn a filing with the bourse it said Sapura Fabrication Sdn Bhd SFSB was served with a winding-up petition taken out by Posh Subsea Pte Ltd due to the former being. Sapura Energy Bhds SEB wholly-owned subsidiaries Sapura Fabrication Sdn Bhd SFSB Sapura Offshore Sdn Bhd and Sapura Project Services Sdn Bhd SPSSB were served with winding-up petitions. December 9 2021 by Nermina Kulovic Malaysian oilfield services provider Sapura Energy is facing cash flow and liquidity issues exacerbated by the Covid-19 pandemic.

Najib Razak has urged the government to protect Sapura Energy Bhd from bankruptcy by providing loans or instructing Petronas or Khazanah Nasional to take over.

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