Energy & Offshore
Sembmarine cuts net loss by 77% in H2 22
Its EBITDA improved to $12m in the second half of 2022.
Sembcorp Industries’ long-term contracts show optimism: broker
This despite concerns on its earnings tapering off.
Amidst merger, Sembmarine says net debt to equity ratio improved
Its net debt to equity ratio enhanced to 0.26 times from 0.53 times.
Minister Rajah to clarify stern warning for Keppel O&M on next Parliament meeting
Assertions made were due to “inadequate understanding of facts,” the second minister said.
Keppel Corporation’s net profit down 9% to $927m in FY22
The decline in urban development earnings caused net profit decrease.
EGM on KOM merger to be held on 16 February
Shareholders’ approval on the merger will be sought in the meeting.
SGX grants approval in-principle on proposed combination on Keppel, Sembcorp Marine
Sembcorp Marine said they received the approval in-principle from the bourse.
Bunker sales up 3.58% YoY to 4.37 million tonnes in November
This is the highest sale recorded in 22 months.
Almost 100% votes cast for Keppel, Sembmarine proposed merger
The voting was conducted on 8 December 2022 during the meeting.
More large rig orders for SG shipyards expected next year
It will also be supported by oil prices.
Sembcorp unit to acquire Vector Green for $474m
Vector Green has renewable power generation assets across 13 Indian states.
Singapore-Malaysia Electricity Interconnector upgrade completed
The interconnector can now handle around 1,000MW of electricity flows.
Keppel, NUS, NTU eye development of a floating hybrid renewable energy system
The parties will study the technological and economic feasibility of its development.
Keppel inks revised deal on merger of its O&M division with Sembcorp Marine
The revised deal will accelerate the completion of the merger.
Singapore, Sarawak partner to develop carbon capture storage
This will cover policy exchanges and potential project implementations.
Energy Market Authority launches two-year study for optimising energy consumption
Companies will be paid based on reduction on prices or energy demand.
Singapore, Cambodia ink MOU for cross-border energy cooperation
It is expected to pave the way for greater cross-border electricity trade between the two.
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