Energy & Offshore
Keppel enters JV to boost Thailand’s cooling sector
By 2025, the JV will expand Keppel’s cooling-as-a-service design capacity in Thailand by 50%
Seatrium and NTU open new lab for marine energy innovation
The lab will research ammonia use in offshore and marine applications.
Yangzijiang Shipbldg’s H1 net profit soars 77.2% to $571m
Gross profit rose 65.1% to $626m.
Sembcorp suspends operations at Myanmar Power Plant due to civil unrest
This follows the escalating civil unrest in the region.
Singapore and Ghana enhance trade and carbon credit cooperation
MTI vowed to expedite the Singapore-Ghana Implementation Agreement.
Geo Energy’s revenue drops 29% in H1 2024
Net profit declined 2% to $35.5m (US$26.8m).
ST Telemedia GDC replaces conventional diesel with vegetable oil to power data centres
50,000 litres were initially deployed.
Geo Energy signs USD150m contract for integrated infrastructure development
The project will bring the company’s road haulage capacity to 40-50 million tonnes per year.
Sembcorp's net profit up 2% despite segment declines
Net profit after exceptional items (EI) was $540m.
Geo Energy acquires majority stake in coal infrastructure developer
A $13m integrated infrastructure project was also signed.
Singapore, US ink nuclear cooperation agreement
They have been collaborating on nuclear issues over the past decade.
Seatrium bags a 3-year $1.1b syndicated facility
The facility will support project needs and business growth.
Seatrium expects net profit in H1 2024
In the preceding half year, the company reported a net loss of $1.7b.
DBS, Deloitte launch sustainability accelerator tool for SMEs
DBS aims to extend the tool to other markets from 2025.
Singapore launches $90m research programme for hydrogen use, sustainable chemicals
The programme will be hosted by the National University of Singapore (NUS).
Keppel and Sojitz sign MoU to pursue clean energy in Asia Pacific
The partners will develop bioenergy projects and invest in energy solutions.
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