Energy & Offshore
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.
Yangzijiang Shipbuilding secures land in China for a clean energy base
The company intends to invest $555m for the new facility.
Singapore and Lao PDR ink MOU on carbon credits
The parties will exchange best practices and knowledge of carbon markets.
Former Swiber CEO fined $310,000 for false statements and insider trading
He is also banned from being a director or managing any company for five years.
Yeo Chee Neng, the former chief executive officer of Swiber Holdings...
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