Energy & Offshore
Daily Briefing: Broadcom retreats to US after Qualcomm drama; Direct sales could boost commercial property recovery
Daily Briefing: Broadcom retreats to US after Qualcomm drama; Direct sales could boost commercial property recovery
And O&M firm Gaylin Holdings receives a US$100m investment and completes restructuring.
Noble chases senior creditors for a deal before $379m bond due on 20 March
The bond has no grace period unlike the 2022 coupon that Noble decided to drop on Monday.
Noble fails to pay US$750m bond coupons
Senior creditors advised it to wait for the final terms of its debt restructuring plan.
Goldilocks backs SGX's compliance order on Noble
But others are sceptical of an independent advisor’s impact on the deal.
SGX RegCo pushes Noble to hire financial advisor
The advisor will look into shareholding structure concerns in Noble’s debt restructuring plan.
Bangladeshi power producer eyes SGX listing
Whilst the deal is only set to be modestly sized at US$300m, analysts see this as sign of SGX's enduring appeal in luring new Asian listings.
Noble's debt restructuring plan hit by suspicions
A wording on the “full release” of claims by senior creditors could absolve Noble legal debt claims.
Senoko ready to sell electricity to consumers from April
Singapore’s largest power producer gets ready for power market liberalisation.
Sembcorp Industries eyes a clean energy acquisition
It wants to achieve double-digit ROE in five years and renewables business growth amongst others.
Noble's outgoing boss bagged US$20m amidst US$5b loss
The remuneration is more than the US$15m than Noble has offered to pay its perpetual bondholders.
China Aviation Oil profit crashed 21.7% to $18.51m in Q4
It blamed the expansion of its global trading business that is subject to higher tax rates.
Noble plunged into US$4.94b loss in 2017
It blamed the US$3.24b non-cash reserve losses on fair value gains of commodity contracts.
For Abu Dhabi-based Goldilocks, Noble's debt restructuring plan is just not right
It warned Noble's losses will erode the little cash it has left.
China and India renewable power use to explode over next decade
Renewables capacity expansion in China and India will serve as strong tailwinds.
Noble sells marketing and offtake deal for $13.32m
It is expected to lose $8.96m as the asset was underpriced.
Sembcorp Industries profits crashed 84.6% to $22.8m in Q4
It was hit by a $35m loss due to the poor performance of its marine rig business.
Sembcorp Industries to launch Indian IPO
It will sell utilities assets that are expected to yield $500m, adding to the proceeds of the IPO.
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