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Shahril Shamsuddin to Contest Revocation of 1997 Gift
Sapura Holdings CEO Shahril Shamsuddin will contest his father’s application in the shariah high court to revoke a RM14.85 million hibah granted to him in 1997. His lawyer, Rafie Shafie, confirmed the challenge during case management, noting the writ was only served on Oct 13. Shahril Shamsuddin Sapura CEO Contest Revocation The court set Nov 18 for further proceedings. Sapura founder…
Shahriman resigns as Sapura Resources MD
KUALA LUMPUR: Sapura Resources Bhd’s managing director (MD) Datuk Shahriman Shamsuddin has resigned from his post effective yesterday. Shahriman resigns In a filing to Bursa Malaysia, the company said Shahriman also tendered his resignation as director of the company as well from his directorships of the following subsidiaries — SRB One Sdn Bhd,Aero Handlers Sdn Bhd, Aerodome Services Sdn Bhd,…
Taking over Sapura Energy will depend on financial situation, says Tok Pa
Taking over Sapura Energy will depend on financial situation, says Tok Pa
Wait, what? PETRONAS is proposing this? What about our fabrication yards? Dateline 2022-05-14, FMT: The government must look at the country’s financial performance before considering the proposal for Petroliam Nasional Bhd (Petronas) to take over Sapura Energy Bhd (Sapura Energy) to prevent the oil and gas company from going bankrupt.Economic affairs minister Mustapa Mohamed said careful…
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Keep Sapura’s huge oil reserves out of foreign hands, says Najib
Keep Sapura’s huge oil reserves out of foreign hands, says Najib
Yeah, gomen, listen to your Glorious Leader. Maybe MOGEC or MOGSC should take over ownership. Or MTEM. Dateline 2021-04-02, FMT: Former prime minister Najib Razak insists that the government offer a loan guarantee to Sapura Energy Bhd in order to save its oil reserves from falling into foreign hands before its full potential can be realised.He said the company’s subsidiary, Sapura OMV, owned…
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Better to spend billions on rakyat than bail out Sapura, says Rafizi
Better to spend billions on rakyat than bail out Sapura, says Rafizi
And here’s what’s going to distract the masses for the next GE. And Sapura is a GLC? CLC, maybe. Dateline 2022-03-22, FMT: PKR vice-president Rafizi Ramli says that money used to bail out ailing oil and gas company Sapura Energy Bhd could be put to better use to serve the rakyat.Rafizi was responding to a call by former prime minister Najib Razak to save Sapura from going bankrupt.The…
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COLUMN | IT’S ALL COMING BACK TO ME NOW: SAPURA ENERGY
COLUMN | IT’S ALL COMING BACK TO ME NOW: SAPURA ENERGY
Dateline 2022-03-21, Baird Marine: After looking at the ignominious end of Swire Pacific Offshore, the offshore supply vessel owner sold for a pittance to rival Tidewater (here), we turn our attention this week to another troubled Asia offshore powerhouse: Sapura Energy.Here’s another business that has run out of room to manoeuvre.The biggest but maybe not the bestSapura is the biggest offshore…
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Malaysia’s Sapura Energy served with ‘winding up petitions’ for five key subsidiaries
Malaysia’s Sapura Energy served with ‘winding up petitions’ for five key subsidiaries
May we have some words from the current leadership, one of which is from an NOC, which is still tindasing us small fry? Dateline 2022-02-15, Upstream Online: Cash-strapped Malaysian offshore engineering and construction player Sapura Energy has been served with “winding-up petitions” for several subsidiaries that involve outstanding claims from vendors and other service companies.In signs of…
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