Ketua Pegawai Eksekutifnya, Maurizio La Noce berkata, penemuan ketiga, Sirih-1 juga telah disahkan menerusi program penerokaan penggerudian yang telah menyasarkan puing-puing karbon di dalam Blok SK320.
Thursday, 26 June 2014
Mubadala Petroleum jumpa lapangan gas baru di Sarawak
Ketua Pegawai Eksekutifnya, Maurizio La Noce berkata, penemuan ketiga, Sirih-1 juga telah disahkan menerusi program penerokaan penggerudian yang telah menyasarkan puing-puing karbon di dalam Blok SK320.
SapKen sees gas output in 2017 in Sarawak
SapuraKencana Petroleum Bhd expects to see the first production of gas from the assets it acquired from Newfield Malaysia in the first quarter of 2017, said president and group chief executive officer Tan Sri Shahril Shamsuddin.
Last October, SapuraKencana paid RM2.85bil for the Malaysian oil and gas fields that Newfield sold via a bidding process. These assets are now called SapuraKencana Energy Malaysia Inc (SKEM).
Shahril told reporters after the company’s AGM and EGM that SKEM, together with its partners, would embark on a gross capital expenditure of some US$370mil (RM1.18bil) to develop one of its gas assets.
In April 2013, Newfield announced a gas discovery on the SK310 block in Sarawak following the successful drilling of the B14-1 and B15-1 wells.
Shahril said SKEM and its partners would spend some US$80mil (RM256mil) to complete the remaining six wells exploration commitment for SK408 over the next two years.
On its debts of RM15.24bil, which translates into a gearing level of some 1.2 times, Shahril said the group had restructured its capital, which would result in debt levels halving in four years.
As at April 30, SapuraKencana had debts amounting to RM15.24bil, of which RM1.24bil are short-term debts while RM13.99bil are long term.
On March 18, SapuraKencana had entered into a facilities agreement with 13 domestic and international financial institutions for multi-currencies credit facilities of up to US$5.5bil comprising term and revolving credit facilities.
The company has also declared a dividend of 2.35 sen for its first quarter to April 30.
For the period, net profit increased 443.86% to RM509.42mil on the back of a 50.6% rise in revenue to RM2.44bil
Shahril added that while a dividend policy was not yet in place, the company would start to pay dividends.
“We will have to balance between reinvestment for our capital expenditure and paying dividends to our shareholders. However, we will not jeorpardise growth in favour of dividends,” he said.
SapuraKencana currently has an orderbook of RM31bil and is bidding for some RM30bil worth of jobs.
It expects to secure about RM10bil of the jobs it is bidding.
On the prospects of bidding for more marginal oil fields under the risk-service contracts (RSC), Shahril said SapuraKencana had put in its bid and was hopeful of hearing something by early next year.
SapuraKencana is currently the operator and contractor for Berantai RSC, one of the five RSCs awarded by Petroliam Nasional Bhd to date.
Last October, SapuraKencana paid RM2.85bil for the Malaysian oil and gas fields that Newfield sold via a bidding process. These assets are now called SapuraKencana Energy Malaysia Inc (SKEM).
Shahril told reporters after the company’s AGM and EGM that SKEM, together with its partners, would embark on a gross capital expenditure of some US$370mil (RM1.18bil) to develop one of its gas assets.
In April 2013, Newfield announced a gas discovery on the SK310 block in Sarawak following the successful drilling of the B14-1 and B15-1 wells.
Shahril said SKEM and its partners would spend some US$80mil (RM256mil) to complete the remaining six wells exploration commitment for SK408 over the next two years.
On its debts of RM15.24bil, which translates into a gearing level of some 1.2 times, Shahril said the group had restructured its capital, which would result in debt levels halving in four years.
As at April 30, SapuraKencana had debts amounting to RM15.24bil, of which RM1.24bil are short-term debts while RM13.99bil are long term.
On March 18, SapuraKencana had entered into a facilities agreement with 13 domestic and international financial institutions for multi-currencies credit facilities of up to US$5.5bil comprising term and revolving credit facilities.
The company has also declared a dividend of 2.35 sen for its first quarter to April 30.
For the period, net profit increased 443.86% to RM509.42mil on the back of a 50.6% rise in revenue to RM2.44bil
Shahril added that while a dividend policy was not yet in place, the company would start to pay dividends.
“We will have to balance between reinvestment for our capital expenditure and paying dividends to our shareholders. However, we will not jeorpardise growth in favour of dividends,” he said.
SapuraKencana currently has an orderbook of RM31bil and is bidding for some RM30bil worth of jobs.
It expects to secure about RM10bil of the jobs it is bidding.
On the prospects of bidding for more marginal oil fields under the risk-service contracts (RSC), Shahril said SapuraKencana had put in its bid and was hopeful of hearing something by early next year.
SapuraKencana is currently the operator and contractor for Berantai RSC, one of the five RSCs awarded by Petroliam Nasional Bhd to date.
Tuesday, 24 June 2014
Sumatec finds more oil at Kazakhstan field
“The increase in reserves is the first significant achievement for Sumatec with this asset,’’ Sumatec CEO Christopher Layton Dalton said.
Saturday, 21 June 2014
Labuan Shipyard & Engineering ke Bursa Malaysia
Langkah itu akan membolehkan LSE meraih modal bagi mengembang dan memperkukuhkan lagi kehadirannya dalam sektor perkhidmatan kejuruteraan dan fabrikasi minyak dan gas, pembinaan dan pembaikan kapal di negara ini.
Pekerja kontraktor maut gas bocor
KEMAMAN - Seorang pekerja lelaki kontraktor Petronas yang sedang membaik pulih paip gas di Loji Pemprosesan Gas 4 (GPP4) di Kerteh dekat sini maut apabila berlaku kebocoran gas di loji berkenaan malam kelmarin.Dalam kejadian pukul 11.15 malam itu, mangsa, Muhammad Firdaus Hassan, 26, dari Dungun dikatakan sedang melakukan kerja-kerja pembaikan paip gas di situ sebelum berlaku kebocoran gas yang mengenai mangsa dan tiga rakannya yang turut berada di situ.
Thursday, 19 June 2014
One killed in Petronas gas plant explosion
In a press statement, Petronas Gas Berhad (PGB) confirmed that an employee of its contractor was killed in the incident, which occurred when repair work was being carried out at the plant.
Wednesday, 18 June 2014
Malaysia teroka industri minyak, gas bernilai RM3.3 trilion di Kanada
Timbalan Menteri Perdagangan Antarabangsa dan Industri, Datuk Ir. Hamim Samuri memberitahu, sebagai permulaan Petronas telahpun mendapat surat persetujuan dari negara itu untuk projek bernilai RM115.5 bilion.
"Petronas sedang melakukan bidaan dengan kongomerat antarabangsa lain bagi beberapa projek lagi di bahagian barat negara itu. Peluang Malaysia adalah cerah setelah mendapat projek bernilai RM115.5 bilion itu yang merupakan perintisnya.
Korea Gas swaps two LNG lots from Petronas with Taiwan CPC
Korea Gas Corp (KOGAS) has swapped a combined 120,000 tonnes from two liquefied natural gas (LNG) cargoes with Taiwan's CPC Corp , expecting oversupply during off-season, a source at South Korea's state-run gas company said.
Under this deal, which often occurs at off season, CPC receives those two cargoes initially destined to KOGAS from Malaysia's Petronas LNG this month, said the source who declined to be identified as he was not authorised to speak to media.
KOGAS will get paid back by receiving those two cargoes originally destined to CPC in October from Petronas LNG, as winter is South Korea's peak season for heating, he said on Tuesday.
According to traders in London, KOGAS have arranged to swap out several summer LNG cargoes with CPC who will return some of these cargoes during winter to KOGAS as it is over-supplied by around 30 cargoes this summer.
"We swapped two cargoes with Taiwanese firm as we expect gas may run over the storage capacity in summer. We had initially considered 30 cargoes of swaps but thanks to suppliers' cooperation we managed to reschedule shipments to receive them in winter," the KOGAS source told Reuters by phone on Tuesday.
He noted Petronas LNG supplies natural gas to both CPC and KOGAS under their term contracts.
Under this deal, which often occurs at off season, CPC receives those two cargoes initially destined to KOGAS from Malaysia's Petronas LNG this month, said the source who declined to be identified as he was not authorised to speak to media.
KOGAS will get paid back by receiving those two cargoes originally destined to CPC in October from Petronas LNG, as winter is South Korea's peak season for heating, he said on Tuesday.
According to traders in London, KOGAS have arranged to swap out several summer LNG cargoes with CPC who will return some of these cargoes during winter to KOGAS as it is over-supplied by around 30 cargoes this summer.
"We swapped two cargoes with Taiwanese firm as we expect gas may run over the storage capacity in summer. We had initially considered 30 cargoes of swaps but thanks to suppliers' cooperation we managed to reschedule shipments to receive them in winter," the KOGAS source told Reuters by phone on Tuesday.
He noted Petronas LNG supplies natural gas to both CPC and KOGAS under their term contracts.
SapuraKencana wins RM2.3bil contracts
SapuraKencana Petroleum Bhd has clinched three new contracts and a contract extension worth a total of US$700mil (RM2.3bil) from Petronas Carigali Sdn Bhd, Chevron Thailand Exploration and Production Ltd and BP Trinidad & Tobago LLC.
“These latest, big business wins, which come on top of about RM2.5bil in new contracts and extensions already won so far in 2014, will contribute positively to SapuraKencana’s future earnings,” said SapuraKencana president and group CEO Tan Sri Shahril Shamsuddin.
He said the new businesses further strengthened SapuraKencana’s order book to RM27.4bil and signified the sustained faith and confidence their clients had in the group’s capabilities and ability to deliver.
“In the past one year that the group’s SapuraKencana Drilling division has been operating within the group, it has successfully and on a sustained basis delivered a steady stream of new businesses for the group.
“We expect to see this grow further,” Shahril said.
In a filing with Bursa Malaysia, SapuraKencana said the first contract was awarded to SapuraKencana’s unit Petcon (M) Sdn Bhd from Petronas Carigali for the provision of its tender assist drilling rigs, namely SKD T-9 and SKD T-10, which Petronas Carigali intends to use for its development drilling campaign offshore Malaysia.
“These latest, big business wins, which come on top of about RM2.5bil in new contracts and extensions already won so far in 2014, will contribute positively to SapuraKencana’s future earnings,” said SapuraKencana president and group CEO Tan Sri Shahril Shamsuddin.
He said the new businesses further strengthened SapuraKencana’s order book to RM27.4bil and signified the sustained faith and confidence their clients had in the group’s capabilities and ability to deliver.
“In the past one year that the group’s SapuraKencana Drilling division has been operating within the group, it has successfully and on a sustained basis delivered a steady stream of new businesses for the group.
“We expect to see this grow further,” Shahril said.
In a filing with Bursa Malaysia, SapuraKencana said the first contract was awarded to SapuraKencana’s unit Petcon (M) Sdn Bhd from Petronas Carigali for the provision of its tender assist drilling rigs, namely SKD T-9 and SKD T-10, which Petronas Carigali intends to use for its development drilling campaign offshore Malaysia.
Wednesday, 11 June 2014
Saluran paip SSGP Petronas di Bukit Beriwan terbakar
Ketua Balai Bomba dan Penyelamat Lawas, Mohd Shamlie Radae yang mengetuai operasi menyelamat, berkata pihaknya menerima panggilan daripada orang awam kira-kira 1.58 pagi.
Beliau bersama lima anggota bergegas ke tempat kejadian dengan dua kenderaan.
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