Energy & Offshore
BH Global Marine’s stocks unscathed by recent sell-off
Its share price declined by only 10% since the beginning of the month.
BH Global Marine’s stocks unscathed by recent sell-off
Its share price declined by only 10% since the beginning of the month.
New deal swells Swiber’s order book to US$752mln
The offshore services company secured a US$30mln contract to perform platform installation services for an oil major in South Asia.
Noble’s net profit plunges 31.2% to US$139.8m
And its revenue eased 1.6% to US$19.6b.
Offshore-related stocks veered off course by market sell-down
Keppel Corp and Sembcorp Marine declined by 13% and 15%, respectively, in the past week alone.
Keppel ready to deliver ultra deepwater rig to Saipem
Keppel FELS Ltd has completed and is on schedule to deliver an ultra-deepwater semi-submersible drilling rig to Saipem S.P.A.
Noble Group to buy 1m tonnes of LNG yearly
The liquefied natural gas will be coming from Papua New Guinea.
Invensys Operations Management named Microsoft Industry Partner of the Year
The award recognizes Invensys for excellence and innovation in using Microsoft-based solutions like InFusion and Wonderware InTouch.
Energy boost: Additional S$195m allotted for energy sector R&D
It will help the Energy Innovation Programme Office accelerate the growth of Singapore’s clean energy industry.
Senoko Energy takes delivery of gas turbine
This is part of Senoko’s repowering programme to launch environmentally-friendly gas-fired units.
Offshore companies to face higher financial risks
If the new accounting lease model is implemented, companies will likely report higher net gearing ratios and lower asset turnover.
IEA’s release of 60m extra oil barrels tagged as a ‘stopgap measure’
This is because oil demand from emerging nations such as China and India is still expected to remain strong.
Singapore’s largest newbuild jack-up rig by Jurong Shipyard bound for the North Sea
The rig has secured a five-year contract from leading energy company Statoil for deployment to the Norwegian Continental Shelf.
Ezion secures US$73m contract with Maersk Oil
They will be acquiring a cold-stacked rig, and converting it to an accommodation-purpose rig with 140 single man-cabins, says CIMB.
ST Engineering seals S$171m contract with Swire Pacific Offshore Operations
The contract is for the construction and outfitting of 4 Anchor Handling Tug Supply vessels, DBS reports.
Keppel Offshore & Marine appoints Chow Yew Yuen as managing director
He will be reporting directly to CEO Tong Chong Heong.
Keppel seals $175m deal with Seadrill
This latest order for a semisubmersible drilling tender brings Keppel's order book t a whopping $9.9billion.
Singapore's first liquefied natural gas terminal to open in 2013
Hiap Seng Engineering sealed the $31.2 million contract for the terminal's construction.
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