SapuraKencana Petroleum posted a stronger set of earnings in the third quarter ended Oct 31, 2017 (Q3 FY17) due to the absence of provision for impairments a year ago.

SapuraKencana Petroleum Berhad reported earnings of RM112.26mil in the second quarter ended July 31, 2016 (FY ending January 2017).

SapuraKencana Petroleum Berhad’s unit SapuraKencana TL Offshore Sdn Bhd has bagged five oil and gas-related contracts totalling US$65.30mil or RM264mil.

SapuraKencana Technology Sdn Bhd establishes a partnership with a subsidiary of Sparrows Group Offshore Services Pte Ltd to collaborate in Malaysia’s offshore and onshore crane services market.

SapuraKencana Petroleum Berhad has delivered its sixth and final pipelay vessel, Sapura Rubi, to Petróleo Brasileiro S.A (Petrobras).

SapuraKencana Petroleum Bhd has bagged a US$125.9mil (RM510mil) contract to offshore pipelines and fibre optic cables for Trans Anatolian Natural Gas Pipeline in the Turkish Straits.

SapuraKencana Petroleum Bhd has a secured a US$113mil (RM461mil) job to install gas pipeline in Mexico, the company’s second contract win in the country.

SapuraKencana Petroleum Bhd’s units and their partner have reached a mutual agreement with Petroliam Nasional Bhd (Petronas) to cease the Berantai Risk Service Contract (RSC).

SapuraKencana Petroleum Bhd’s wholly owned units have secured new contract wins and extensions that carry a combined value of about US$125 million (approximately RM513 million).

CIMB Research said SK Petro had a US$5.3bil (RM21.3bil) orderbook at the start of FY17, with US$1.7mil to be recognised in FY17.