Total Marine Technology Pty Ltd News

Malaysian integrated oil and gas services company Sapura Energy Berhad has been awarded five new contracts valued at approximately RM1.3 billion ($US311 million).All five contracts have been awarded to the Sapura’s wholly owned subsidiaries, with works to take place in Malaysia, Indonesia, Australia and the Gulf of Suez."The contract wins demonstrate Sapura Energy’s continued pursuit to deepen its presence in existing core markets, break into new markets and expand its scope of services," said a press release.The growing orderbook is expected to increase asset utilisation for the Group and contribute to improving its financial performance.

SapuraKencana Petroleum Berhad's (“SapuraKencana”) presence in Brazil continues to grow after entering the market with its first pipelaying support vessel (“PLSV”), Sapura Diamante, on June 28, 2014. On 14 February 2016, its latest PLSV, Sapura Jade commenced work with Petróleo Brasileiro S.A (“Petrobras”) on schedule in Brazil. SapuraKencana’s offshore operations are being executed in Brazil for Petrobras by its Brazilian joint venture company Sapura Navegacao Maritima (“SNM”), a 50:50 venture with offshore drilling company Seadrill Ltd. In November 2011 and in June 2013, SapuraKencana’s joint venture company in Brazil, SNM, was awarded…