Gulf Oil and Gas accountACCOUNT

Malaysia's Sapura Energy Looking At Listing Exploration, Production Arm

Source: Reuters 1/25/2018, Location: Asia

Share |
Sapura Energy Bhd, Malaysia's largest oil and gas services company, said it is evaluating a potential listing of its exploration and production (E&P) business segment, according to a stock exchange filing on Thursday.

"The company has engaged advisors to evaluate and advise on the potential listing of the E&P business," the statement said.

Sapura Energy, in its most recent earnings report, posted a net loss for the quarter ended on Oct. 31, hit by lower spending from the energy sector.

Sapura also has drilling, engineering and construction segments, but its exploration and production unit was the only one that posted operating profits during that quarter.

In terms of annual revenue for its year ended on Jan. 31, 2017, Sapura Energy's exploration and production unit contributed 1.1 billion ringgit ($280 million) in revenue out of the company's 7.6 billion ringgit in total.

Sapura Energy's shares were up 2.5 percent on Thursday afternoon at the midday break, outperforming a 0.2 percent rise in the Kuala Lumpur exchange's benchmark index.

Exploration News in Malaysia >>

Guyana >>  2/21/2018 - Eco (Atlantic) Oil & Gas Ltd., is pleased to provide an operations update on its Orinduik Block offshore Guyana. Eco (Atlantic) Guyana Inc., the Compa...
Jamaica >>  2/20/2018 - CGG GeoConsulting and the Petroleum Corporation of Jamaica (PCJ) have announced the discovery of two independent live oil seeps from different parts o...

Mexico >>  2/16/2018 - Drilling of the first new exploration well in BHP Billiton’s deepwater Trion project will begin in October, part of a plan approved by Mexican regulat...
United States >>  2/16/2018 - In support of President Donald J. Trump's ‘America-First Offshore Energy Strategy,’ Deputy Secretary of the Interior David Bernhardt announced that th...

Congo, Democratic Republic (Zaire) >>  2/15/2018 - Democratic Republic of Congo’s oil minister on Thursday defended the country’s right to explore for oil anywhere on its territory after media reports ...
Cyprus >>  2/13/2018 - Turkish President Tayyip Erdogan on Tuesday warned Cyprus not to “overstep the mark” in the eastern Mediterranean, after Greek Cypriots accused the Tu...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Malaysia Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Malaysia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.