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Singapore

Asia

The $21bn Sun Cable project to power Singapore enters administration

One of Australia’s most ambitious renewable energy projects has entered into voluntary administration after shareholders couldn’t come to a consensus on the future direction and funding of the plan to power Singapore using a 4,200-kilometer (2,600-mile) submarine cable.

Oil & Gas

Keppel wins another Petrobras FPSO deal worth $2.8bn

Keppel Offshore & Marine's (Keppel O&M's) subsidiary, Keppel Shipyard, has won a tender from Brazil’s national oil company, Petrobras, to carry out the engineering, procurement and construction (EPC) of P-83, a floating production, storage and offloading vessel (FPSO), in a deal worth about US$2.8 billion.

Oil & Gas

Keppel O&M wins giant US$2.9bn FPSO deal from Petrobras

Keppel Offshore and Marine's (Keppel O&M's) (SGX:BN4) wholly owned subsidiary, Keppel Shipyard, has won an international tender from Brazil’s national oil company, Petroleo Brasileiro S.A (Petrobras), for the engineering, procurement and construction (EPC) of P-80, a floating production, storage and offloading vessel (FPSO) in a deal worth about US$2.9 billion.

Oil & Gas

Singapore’s Keppel wins FPU and FPSO deals worth $54m

Keppel O&M will start floating production contracts worth around S$75 million (US$54 million) for MODEC, as it prepares a floater for Woodside Energy’s Senegal project, and a separate unit for LLOG Exploration Offshore in the US.

Oil & Gas

Jadestone acquires stake in NWS Australia oil project from BP

Jadestone Energy has announced the acquisition of a 16.67% interest in the producing North West Shelf oil fields offshore Western Australia from BP. The deal is in line with the London-listed company’s strategy of acquiring low-cost barrels at less than US$3/barrel, while establishing an entry position into what it describes as a "very high-quality long-life asset with very low decline rates."

Oil & Gas

Small-scale floating LNG power solutions set for Papua New Guinea

Twenty20 Energy will roll out its proprietary power island floating storage regasification and power solution at 12 locations across Papua New Guinea (PNG) on behalf of PAWA PNG. The solution will serve as a model for future nearshore power generation plants in coastal regions worldwide, reckons the Singapore-based firm.