Energy & Offshore
Oiltek posts 37.5% profit jump with renewables driving margin
Oiltek posts 37.5% profit jump with renewables driving margin
Revenue was flat at RM100.82m, inching up just 0.4% from RM100.45m in 1H2024.
Asiatic Group reiterates claims over Cambodian subsidiary
Colben Energy is a material component of the group.
Union Steel inks agreements for regional oil and gas expansion
The projects may include offshore construction for oil and gas installations.
Mooreast inks deals with Norwegian and South Korean companies
The two agreements will strengthen Mooreast’s global position in the renewable energy sector.
Seatrium subsidiary secures $512m revolving credit facility with UOB
Proceeds will enhance Seatrium’s liquidity and financial flexibility.
Rex Int'l records over 9,998 barrels of oil in June
Operations from Norway yielded 8,306 barrels of oil.
Oiltek in talks with SEDC Energy for possible role in SAF pilot programme
The plant has an initial size of 15 KTA.
COTD: Electricity tariffs to drop 2.3% in Q3
The average monthly electricity bill for four-room flats will decrease by $2.36.
Mooreast extends purchase deadline for 60 Shipyard Crescent
The revised Long Stop Date under the Option to Purchase has been pushed to 31 December 2025 from 18 June 2025.
COTD: SG LNG imports from conflict-laden strait reach 2.2 Mt YTD
The narrow strait is the sole passage connecting the Persian Gulf to the open ocean.
Rex Int'l reports over 10,874 barrels of oil in May
Its Norwegian subsidiary contributed 9,159 barrels of oil equivalent per day.
Geo Energy unit divests Indonesian coal assets for $23m
Upon completion, both SBJ and BEK will no longer be part of the Geo Energy group.
Sheffield Green acquires training services business in Spain
The acquisition is part of its geographical expansion.
Keppel Infrastructure Trust sells 24.62% stake in Ventura Motors for $109m
It will retain a 73.06% stake in Ventura after the sale.
Oiltek promotes its financial controller to CFO
Goh Chee Yong was recommended by the audit and risk committee and the CEO.
Regional grid may unlock 25GW in renewables: report
The regional grid strategy aims not only to decarbonise Singapore’s power sector but also shield it from volatile global gas prices.
RGE and TotalEnergies win licence to import solar power to SG
The deal involves the import of up to 1GW of solar energy from Indonesia to Singapore.
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