Posted by Nikmon > 1 month ago | Report Abuse

3 billion contract took 5-6 years to complete

Posted by SinGor > 1 month ago | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3436372
___________________________
There is no Value for this 5 years Contract ( strange: works ALL below water line ) Anyway this is a Petronas Job...
I thought Petronas "Kick" SAP out Contract Bidding ( PN17 & no money )----Politicans Arm twisting Petronas
---Maybe, Maybe

Posted by Ninth007 > 1 month ago | Report Abuse

Sapura Energy Berhad (“Sapura Energy” or the “Company”) is pleased to announce that its wholly owned subsidiary, Sapura Subsea Services Sdn. Bhd. (“SSS”) has been awarded with a contract for the Provision of Pan Malaysia Underwater Services for Petronas Group of Companies and Petroleum Arrangement Contractors (“PACs”) (“Contract”) by Sarawak Shell Berhad (“SSB”) and Sabah Shell Petroleum Company Limited (“SSPC”). This Contract takes effect from 31st January 2024 for a period of 5 years.

Posted by Ninth007 > 1 month ago | Report Abuse

Like this how not to remove from PN17
How to delist
How not to continue business
Jit Pai Hoseh Liao !!!

Posted by Huangbk72 > 1 month ago | Report Abuse

How big can this job be? Its on call service and only cover ancillary services. Nothing about Oil and Gas services.


Sapura did not disclose the value of the contract, saying only that it is a call-out contract with agreed unit rates.

The scope of work, it said, includes the provision of diving support vessels, air and saturation driving systems, remotely operated vehicles and other underwater services.

Posted by SinGor > 1 month ago | Report Abuse

The scope of work, it said, includes the provision of diving support vessels, air and saturation driving systems, remotely operated vehicles and other underwater services.
_________________________

I didnT know SAP got Submarine / remote ( robotics ) repair vehicle----No wonder impairment loss is so Big

Posted by Nikmon > 1 month ago | Report Abuse

Sebelum ini Malaysia Airlines mencatat keuntungan selepas 10 tahun rugi, tetapi hari ini pula giliran Sapura Energy.

Kerugian bersih bagi tahun kewangan berakhir 31 Januari 2024 berkurangan dengan ketara kepada RM 508 juta daripada RM 3.16 bilion pada tahun kewangan 2023.

The narrative of success of SAP attributes to Gov....not surprised if PM will present on the ceremony between white knights and SAP

Posted by Nikmon > 1 month ago | Report Abuse

Not even turn profit, certain social medial started praise SAP and thank PM and Gov....no profit yet .dare to put PM phote beside SAP....

Posted by thetruthstory > 1 month ago | Report Abuse

its brewing...

Posted by Mabel > 1 month ago | Report Abuse

Meanwhile, aided by a whirlwind of bullish news, Brent prices surpassed the $90 per barrel threshold and surged past the $91 per barrel mark on Friday morning. The anticipation of Iran’s retaliatory strike on Israel, a developing Mexico export shortage, and the continuation of OPEC+ cuts have boosted sentiment in the oil market recently. On the other hand, the potential of the Fed not cutting interest rates this year could pour some cold water on the oil price rally.

Posted by Nikmon > 1 month ago | Report Abuse

What have the gov or PMX help SAP, why PKR started report SAP associated with PKR...can subcon receive their money before RAYA

Posted by didi7349 > 1 month ago | Report Abuse

Resetting.....be patient

Posted by SinGor > 1 month ago | Report Abuse

Waiting for "Big" announcement Before AGM ( 30 April )

Posted by SinGor > 1 month ago | Report Abuse

Want to confirm with my Ipoh La-tok first ( during Raya), Bcos SAP owe his Co. a few millions

Posted by Nikmon > 1 month ago | Report Abuse

1.5 months since 3 months extension granted. 1.5 months left, still need extension.....

Posted by loyalok > 4 weeks ago | Report Abuse

https://www.youtube.com/watch?v=ER-3hGjNoqA

Posted by Nikmon > 4 weeks ago | Report Abuse

No update neither from SAP nor Singor..1.5 left

Posted by Alistino G > 4 weeks ago | Report Abuse

https://www.adelaidenow.com.au/technology/innovation/sooner-than-later-global-conflict-warnings-as-israel-braces-for-attack-from-iran/news-story/ff7cfdf85339596744e1eab597c03ab2

Posted by bullrun168 > 4 weeks ago | Report Abuse

If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong

https://www.marketwatch.com/amp/story/if-iran-attacks-israel-middle-east-turmoil-could-lift-oil-past-100-a-barrel-fd76ea09

Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst

Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”

What’s happened
An April 1 airstrike on Iran’s consulate in Syria, which Tehran has attributed to Israel, killed seven Iranian military officers and prompted a vow of retaliation from Tehran.

Since the start of the war in Gaza in early October, there has been a rise in clashes between Israel and Iran-backed Hezbollah militants based in Lebanon. Hamas, which governs Gaza and launched the Oct. 7 attack on southern Israel, is also backed by Iran.
News reports have said that an Iranian attack on Israel is believed to be imminent, with the Wall Street Journal reporting the possibility of an attack as soon as Friday or Saturday.
The U.S. Embassy in Jerusalem issued a travel advisory on Thursday, warning U.S. citizens in Israel against travel outside of major cities such as Tel Aviv.

John Kirby, the Biden White House’s adviser for national-security communications, told reporters Friday that the administration is “certainly mindful of a very public, and what we consider to be a very credible, threat made by Iran in terms of potential attacks on Israel,” and that it was watching developments “very, very, very closely.”
Oil rally
Prices for oil have climbed so far this month alongside the rising tensions in the Middle East, with U.S. benchmark crude futures trading 5% higher and global benchmark Brent crude gaining closer to 6%.
In Friday dealings, May West Texas Intermediate crude CL.1 CLK24 was up 76 cents, or 0.9%, to trade at $85.78 a barrel on the New York Mercantile Exchange after trading as high as $87.67, while June Brent crude BRN00 BRNM24 climbed 90 cents, or 1%, to $90.64 on ICE Futures Europe following a high at $92.18. Both touched their highest intraday levels since October.

Posted by stockraider > 4 weeks ago | Report Abuse

With or without Iran attack oil price is expected to go above USD 100 loh!

Posted by 0PTech > 3 weeks ago | Report Abuse

More likely will hit $127 per barrel before going back revisiting $67.50 and by then the bull run towards $437 becomes imminent.

Posted by dompeilee > 3 weeks ago | Report Abuse

Oil reach $100 (I already predicted at least $98 in Dayang thread weeks ago) also cannot move this TON OF BRICKS by more than 2 ticks!🤣

Posted by Nikmon > 3 weeks ago | Report Abuse

Petronas missed the opportunity again....

Posted by Change_ > 3 weeks ago | Report Abuse

PM-X not good. SapNrg IPO RM 2 only 4.5 sen left cannot be PM again after GE16.

Posted by Change_ > 3 weeks ago | Report Abuse

Brent >USD 90 why Sap down? CEO not good or PM not good?

Posted by thetruthstory > 3 weeks ago | Report Abuse

just wait

Posted by Mabel > 3 weeks ago | Report Abuse

https://theedgemalaysia.com/node/708075

Let's hope he can help to turnaround Lady Sapura...

Posted by Mabel > 3 weeks ago | Report Abuse

With growing tensions in the middle east, and energy prices already on the rise, that weighed on shares.

On Saturday evening, Iran launched more than 300 armed drones on Israel. The majority were shot down by Israel, as well as the U.S., U.K. and Jordan. There were no known U.S. or Israeli deaths.

Afterwards, Iran said that its attack "can be deemed concluded." Although, Israel responded by saying the situation is "not over."

However, for now, the imminent danger has come and gone. And the fear of escalation appears to have been muted at present.

If stocks were pressured by the threat of imminent attack, stocks are ripe for a rebound given the better than expected outcome.

Posted by newbie5354_ > 3 weeks ago | Report Abuse

Any1 here monitor PNB SapNrg dealings? When was PNB last SapNrg purchased and price bought can any sifus know?

Posted by Loh Kok Wai W > 3 weeks ago | Report Abuse

Sapnrg..good counter !!!Market sharp drop still stand 0.05 cts....hahaha

Posted by masterkevin212 > 3 weeks ago | Report Abuse

PERMODALAN Nasional Bhd (PNB) has assets under management of RM312bil. The money put into SAPURA ENERGY BHD’s fund raising exercise in late 2018 makes up less than 1% of the assets under management.

But it makes up for 90% of the bad publicity that the national investment fund receives in recent weeks

PNB’s decision to put more money into Sapura Energy was made during the tenure of Tan Sri Abdul Wahid Omar and Datuk Abdul Rahman Ahmad. At that time, PNB was also a major shareholder in UMW Oil and Gas Bhd, now known as Velesto Energy Bhd.

Posted by Alistino G > 3 weeks ago | Report Abuse

https://oilprice.com/oil-price-charts/#Brent-Crude
Brent Crude Oil price is very bullish.

Posted by Windy1974 > 3 weeks ago | Report Abuse

Below are statements from yesterday tender RFQ for 20WHP received from SAP. First time with this statement. Don't say i don't show you money making sign ah.

While currently we are in progress to manage the Debt and to moving forward, by this time Sapura would be out of PN17 Status.

Posted by masterkevin212 > 3 weeks ago | Report Abuse

Windy1974 what is that?

Posted by Mabel > 3 weeks ago | Report Abuse

The 12th Annual General Meeting (AGM) of Sapura Energy Berhad is scheduled to be held on Wednesday, 26 July 2023, at 10:00 a.m.. The AGM will be conducted fully virtually, ensuring convenient access for all shareholders.

Any news on the White Knight?

Posted by thetruthstory > 3 weeks ago | Report Abuse

12th agm? what rubbish mabel?

Posted by Windy1974 > 3 weeks ago | Report Abuse

Below statement from Sapura. We have been supporting Sap projects for more than 10 years. During PN17, payment term had been cash before delivery. Sap couldn't bid for Petronas jobs too due to their financial situation. Since mid 2023 Sap started bidding Petronas projects again. Most importantly, below statement was issued when SAP was seeking best price from vendors like us and assuring us that they would be out from PN17 soon. First time they issue such statements. Any tom dick and harry companies issued this, take it with a pinch of salt. Sapura doesn't simply issue unfounded statements. I expect my company would get paid our long overdue debts earliest by June. Very confident about it
While currently we are in progress to manage the Debt and to moving forward, by this time Sapura would be out of PN17 Status.

Posted by Sslee > 3 weeks ago | Report Abuse

The different way to exit PN17
1. Debts restructure where every creditors agreed to a certain% haircut
2. White knight inject in new capital for equity
3. Assets stripping to settle debts

Posted by Windy1974 > 3 weeks ago | Report Abuse

Most likely scenario for SAP
1. Banks haircut
2. White knight inject new funds
SAP has 11B debts. Unsustainable. Needs 70% haircut at least.
SAP is a competent company. All divisions are profitable now. O&G gonna enjoy at least 3 years of honeymoon or longer.
The last time they got into trouble because of ONGC indian project. I won't wanna be racist but as they said, if you need to choose between snakes and ..., kill SSlee

Posted by Sslee > 3 weeks ago | Report Abuse

CapA and Maxis also face many problems in India, why?
And now sendai big contracts in India and middle east. What will be the outcome?

Posted by 5354_ > 3 weeks ago | Report Abuse

War between Iran-Israel why Sap Nrg still 4.5 sen?

Posted by birkincollector > 3 weeks ago | Report Abuse

suspension

Posted by 5354_ > 3 weeks ago | Report Abuse

https://www.klsescreener.com/v2/announcements/view/6863699

Posted by Ninth007 > 3 weeks ago | Report Abuse

JIT PAI HOSEH LIAO :)

Posted by masterkevin212 > 3 weeks ago | Report Abuse

Any news?

Posted by 5354_ > 3 weeks ago | Report Abuse

Why hoseh? White knight found? Debt hair cut? Win contract?

Ninth007

JIT PAI HOSEH LIAO :)

14 minutes ago

Posted by 5354_ > 3 weeks ago | Report Abuse

Suspend until 5 pm?

Posted by surviver > 3 weeks ago | Report Abuse

what happened to this counter

Posted by Salahuddin Ahmad > 3 weeks ago | Report Abuse

Good news, good news, it will fly up to 0.2 😊

Posted by thetruthstory > 3 weeks ago | Report Abuse

a bit concerns as recent days have seen big sell out, did they knew wht was coming?