Energy & Offshore
Rex International cuts losses to $67.7m in FY 2024
Rex International cuts losses to $67.7m in FY 2024
Higher revenue contributed to loss reduction.
Geo Energy's net profit drops 40% YoY in FY2024
The group’s revenue of $541.5m (US$401.9m) marked a 17.8% YoY decrease.
Over half of Singaporean businesses plan solar investments by 2030
This is partly driven by the need to reduce electricity-related emissions.
Everbright Water’s profit falls 14% in FY 2024
Basic earnings per share stood at $0.06 (HK$0.3564), falling 14% YoY.
Oiltek, KPI form JV to build sustainable fuel facility in Indonesia
The partners will explore alternative feedstocks to replace Crude Palm Oil (CPO)
BUDGET 2025: Singapore commits to explore nuclear energy viability
Authorities will reorganize to provide greater emphasis to this work, said Wong.
Oiltek applies to transfer to SGX Mainboard
The company has been listed on the Catalyst board since 2022.
Marco Polo Marine’s Q1 2025 revenue drops 11% YoY
The group expects better performance in H2 2025 as recent investments yield returns.
Oiltek’s FY2024 net profit soars 55% to $9m
Earnings per share stood at $0.0629.
Sabana Industrial REIT completes solar project with Keppel EaaS
The project installed solar panels on nine of the REIT’s properties.
Keppel Infrastructure Trust's distributable income falls in 2024
Its distribution and storage segment saw a 35.6% decrease.
Seatrium to build 5,000-tonne heavy lift vessel in Japan
The project will mark Seatrium’s entry into the Japanese offshore wind market.
Sembcorp plugs in 18MWp solar farm at PSA’s Keppel Terminal
It is the first short-term mobile solar project at the terminal.
Sembcorp to set up green hydrogen plant, industrial park in Odisha, India
The company signed MOUs with the government of Odisha.
Rex Int'l records over 13,000 barrels of oil from Norway, Oman operations
Its Norwegian subsidiary contributed 10,571 barrels of oil equivalent per day.
GE Vernova eyes $27.2m gas turbine investment in Singapore
It will leverage artificial intelligence and hire over 100 technical roles.
Geo Energy’s $200m project bags insurance backing from SINOSURE
The insurance coverage will support the development of Geo Energy’s Integrated Infrastructure.
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