Apple strikes renewable deal
Apple has confirmed its expanding operations in Singapore will be powered by solar energy as it zeroes in on its 100% renewable target.
Singapore
Pavilion Energy agrees to 10-Year LNG supply deal with Gazprom
Singapore’s Pavilion Energy Pte has signed a 10-year LNG agreement with a unit of Russia’s gas giant Gazprom PJSC, Chief Executive Officer Seah Moon Ming said Tuesday. The liquefied natural gas unit of Singapore’s state-owned Temasek Holdings Pte has also signed a memorandum of understanding with the Chinese energy company Huadian to supply LNG from 2020 onward and a similar agreement with Japan’s Jera Co. to jointly procure and invest in LNG, he said at a conference in Singapore.
EMAS Offshore wins $33million of new contracts in Asia and Africa
EMAS Offshore has netted $33million in new contract wins to clients in Asia and West Africa. The company revealed the contracts as it also reported an improved full-year profit. The contracts form part of the Singapore and Oslo-listed firm’s strategy to focus its efforts in West Africa.
Ace Winches welcomes Singapore delegation
Deck machinery specialist Ace Winches has welcomed a delegation from Singapore to its Towie Barclay Works facility in Aberdeenshire.
Aibel nets FPSO contract with Woodside
Australian company Woodside Energy has awarded Norwegian engineering services firm Aibel a FEED contract for the subsea tie back to the Ngujima-Yin FPSO.
As predicted, Asia-Pac interests are out to corner global subsea construction market
Gradually . . . little bit by little bit . . . Asia-Pac companies are seeking and gaining control of the subsea construction market though, for now at least, the larger part remains under the control of Western companies, primarily European.
Cosco Corporation wins arbitration case
Chinese shipyard Cosco Corporation (Singapore) has successfully won an arbitration case in the UK. The case was against a compatriot rig owner in relation to an axed $500million-plus drillship newbuild deal. A spokesman for the company said the matter related to a previous announcement in October 2013.
Noble Group shares continue to fall
Energy commodities giant Noble Group extended its biggest monthly drop in 16 years after the Singapore bourse issued a warning on the company’s shares amid a slump in commodity prices.
Singapore’s Keppel Q2 profit falls 2 pct as rig business falters
Singapore-based conglomerate Keppel's second-quarter net profit fell 2 percent to S$396.7 million ($290.2 million) from a year earlier, weighed down by weak performance in the offshore and marine unit. Keppel, one of the world's largest offshore rig builders, also has business interest in real estate and infrastructure. The weakness in oil market over the past year has been weighing on the rig building business globally. Keppel posted revenue of S$2.6 billion for the quarter ended June 30, down 19 percent from a year earlier, and a net profit of S$756.9 million for the first half of the year. That was slightly short of half of a mean estimate for the full year at S$1.59 billion, based on 21 analysts polled by Thomson Reuters.