Energy & Offshore
Rex Int'l unit signs key contracts for Benin oil project
Rex Int'l unit signs key contracts for Benin oil project
The Mobile Production Unit will be converted from a medium-sized drilling rig.
Mooreast completes MBM upgrade project off Gulf of Thailand
It expects to recognise approximately $8.8m in revenue from the project in the first half of 2025.
KIT posts 27.7% increase in distributable income for Q1
It was driven by new acquisitions and strategic capital recycling.
Oiltek bags new $18.4m contracts
The group’s current order book stands at $119.9m.
Singapore strengthens grid to balance demand, emissions goals
Authorities are prioritising grid resilience and energy imports.
Sheffield Green unit explores potential acquisition of European energy company
The total consideration for the purchase is $1.73m (EUR1m).
Rex Int'l records over 11,897 barrels of oil from Norway, Oman operations
Its Norwegian subsidiary contributed 9,743 barrels of oil equivalent per day.
Oiltek outlines proposed bonus issue in circular to shareholders
The bonus issue will be distributed on a two-for-one basis to existing shareholders.
Rex International unit signs rig contract with Borr Gerd
It will be used for a 120-day drilling campaign in Benin.
ASEAN’s clean electricity growth struggling to keep pace with rising demand
The region has a large untapped solar potential, exceeding 30,000 gigawatts.
Oiltek secures SGX approval to shift listing to Mainboard
The board also cautioned that there is no certainty the transfer or new constitution will be finalised.
SG, AU to fund eight maritime decarbonisation projects
A $20m joint initiative will support the selected projects.
Geo Energy inks road use agreement
It has also signed an MoU with key shareholder Resource Invest AG.
Industry told to brace for increased demand for offshore wind engineers
Floater designers will be needed under Singapore’s offshore energy plan.
Sheffield Green enters JV to open training centre in Malaysia
The group will own a 45% share in the JV company.
Oiltek plans 2 for 1 bonus share issue
It aims to reflect business growth and reward shareholders.
Rex International cuts losses to $67.7m in FY 2024
Higher revenue contributed to loss reduction.
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