Energy & Offshore
Singapore bunker sales surge 5.3% from January to July 2011
Standard Chartered says fuel oil stock levels may rise near-term, after increasing by 6.7% as of end of August.
Singapore bunker sales surge 5.3% from January to July 2011
Standard Chartered says fuel oil stock levels may rise near-term, after increasing by 6.7% as of end of August.
Ezra Holdings to issue SGD dominated perpetual securities
OCBC calls it an ‘opportunistic’ deal and estimates the issue to be around US$100m.
Public views on climate change sought by govt
The government of Singapore started public consultations on climate change issues to determine its national climate change strategy.
Ban on Indonesian coal exports to have little impact on Noble
The Ministry of Energy and Mineral Resources is proposing a ban on Indonesian coal exports with calorific value of less than 5,700 kcal.
The National Research Foundation appoints Deputy Prime Minister Teo Chee Hean as chairman
He will be taking over the position from Dr Tony Tan, the newly elected President of Singapore.
United Envirotech invests S$18.9m in Maxrise Envirogroup
As a result, UEL will be holding the equity interests of four water treatment plants in China.
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.
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