• 25
    Oct

    Singapore's O&M crisis separates the men from the boys

    The Business Times by ANITA GABRIEL

    AS cheap oil whacks the cash flow of Singapore's offshore and marine firms and cripple their ability to pay debt, two hallmarks - speed and deliberateness - are separating the men from the boys as the beleaguered firms seek noteholders' forbearance.… More

  • 21
    Oct

    KrisEnergy rides wave of speculation

    The Business Times by ANDREA SOH

    COULD KrisEnergy soon be getting a lucky break? The stock has seen its share price rise since the beginning of the month, accompanied by a surge in volume. Talk in the market is that Keppel Corporation - which holds a 40 per cent stake in the oil and… More

  • 07
    Oct

    IE Singapore links up with banks to support new oil & gas projects

    The Business Times by SIOW LI SEN,TAN HWEE HWEE

    Singapore IE Singapore is working with local banks to provide funding for new projects in the beleaguered oil and gas (O&G) sector. Funding for new projects has ground to a halt, as the growing number of defaults among cash-strapped firms in the sector… More

  • 07
    Oct

    Swiber firms get High Court's nod to go under judicial management

    The Straits Times by GRACE LEONG

    The High Court gave the green light to place energy services firm Swiber Holdings and one of its units under judicial management yesterday as both firms try to survive under a debt load of US$1.58 billion (S$2.2 billion). Judicial Commissioner Kannan… More

  • 05
    Oct

    Slivers of light shine through shipping gloom

    The Business Times by DAVID HUGHES

    IN RECENT weeks, both the collapse of Hanjin Shipping and the ratification of the International Maritime Organization's (IMO) Ballast Water Management Convention (BWMC) have added to the many headaches troubling shipowners right now. The havoc caused… More

  • 30
    Sep

    Markets rally after Opec agrees on first output cut in eight years

    The Straits Times by GRACE LEONG

    A historic deal among members of the Organisation of Petroleum Exporting Countries (Opec) to cut output for the first time in eight years fuelled hopes of a recovery in the energy industry and cheered stock markets across the world. Japanese stocks… More

  • 25
    Aug

    ST Marine could land first SCDF vessels contract

    The Business Times by TAN HWEE HWEE

    Singapore ST MARINE is well-placed to land the first newbuilding contract that Singapore Civil Defence Force is set to award in 2016, just over four years after SCDF assumed the fire-fighting function within Singapore's waters. The Business Times understands… More

  • 24
    Aug

    SembMarine lands rest of stake in PPL Shipyard for $155m

    The Straits Times by MARISSA LEE

    Sembcorp Marine has landed the remaining 15 per cent stake it did not own in PPL Shipyard for US$115 million (S$155 million). The company had fought tooth and nail to get this stake in 2010, including going to the courts, after Baker Technology sold… More

  • 29
    Jul

    China Aviation Oil's Q2 profit rises 32.8%

    The Business Times by CLAIRE HUANG

    Singapore HIGHER trading gains, greater supply and trading volumes, as well as a jump in share of profits from associates and joint venture, helped China Aviation Oil's (CAO) second-quarter net profit soar 32.8 per cent to US$23.6 million. Earnings… More

  • 28
    Jul

    Snake-like robot enters and cleans oil tanks

    The Straits Times by MELISSA LIN

    Hazardous petrochemicals, heat stress and falls are some of the risks faced by workers who manually clean oil tanks in refineries. To keep its workers safe, engineering and maintenance firm CYC International created a snake-like robot that can be remotely… More