DailyBubble News
DailyBubble News

Sapura Energy Bags Pipelaying Contracts from Petrobras

Malaysia’s Sapura Energy Berhad, in a joint venture with Petróleo Brasileiro SA (Petrobras), has secured contracts to provide services and charter six pipe-laying support vessels (PLSVs). The contracts, valued at $1.8 billion, are for a term of three years, with the longest contract lasting until 2028. The PLSVs will be used in Brazilian waters for subsea engineering, installation, and other services, including laying flexible pipes, electric-hydraulic umbilical, and power cables at depths of up to 9842.5 feet (3000 meters).

Sapura Energy, through its subsidiary Sapura Offshore Sdn Bhd, holds a 50 percent stake in the joint venture companies. In March, Sapura Energy and its subsidiaries were granted new orders by the High Court of Malaya for a three-month period to convene meetings with creditors to consider a proposed debt restructuring plan. The company has made significant progress in its restructuring exercise, with approval from multi-currency lenders and a review of claims from trade creditors.

The debt restructuring aims to address approximately $2.28 billion (MYR 10.8 billion) in multi-currency financing and outstanding payments to trade creditors totaling about $0.32 billion (MYR 1.5 billion). Sapura Energy Chairman Dato’ Mohammad Azlan Abdullah expressed appreciation for the Approval-in-Principle from financiers for the restructuring plan. The Benefits of Regular Exercise

Regular exercise is essential for maintaining overall health and well-being. Not only does it help to improve physical fitness, but it also has numerous benefits for mental and emotional health.

One of the primary benefits of regular exercise is its ability to help manage weight. By burning calories and building muscle, exercise can help to prevent weight gain and promote weight loss. In addition, regular physical activity can also help to improve metabolism, making it easier to maintain a healthy weight.

Exercise is also crucial for maintaining cardiovascular health. Aerobic exercises, such as running, swimming, and cycling, can help to strengthen the heart and improve circulation. This can reduce the risk of heart disease, stroke, and high blood pressure.

Furthermore, regular exercise has been shown to improve mood and reduce symptoms of anxiety and depression. Physical activity releases endorphins, which are natural mood lifters, and can help to alleviate stress and improve mental clarity.

In addition to the physical and mental benefits, exercise can also improve sleep quality and boost energy levels. By promoting relaxation and reducing stress, regular exercise can help to regulate sleep patterns and improve overall sleep quality. This can result in increased energy levels and improved cognitive function throughout the day.

Overall, regular exercise is essential for maintaining a healthy lifestyle. Whether it’s through cardiovascular activities, strength training, or flexibility exercises, incorporating regular physical activity into your routine can have numerous benefits for both the body and mind. So, lace up your sneakers and get moving for a healthier, happier you!

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x