Oil & Gas

Singapore’s reputation at risk as Noble Group battle rages


Noble Group Ltd. dissident shareholder Goldilocks Investment Co. says the Singapore regulator’s handling of the trader’s drawn-out battle for survival is being closely followed by overseas investors, highlighting the importance of the case for the city-state’s reputation as a financial hub.

Other News

PMAC on top with strategic acquisition.


North Sea and Asia-Pacific subsea inspection specialists Pmac (Process Monitoring and Control) have added topside inspection services to their growing portfolio with the acquisition of Oilfield Corrosion Monitoring Services (OCMS) for an undisclosed sum.


Aberdeen firm nets £300k Singapore contract


Aberdeen firm Rig Control Products (RCP) said yesterday it had netted a £300,000 deal to supply a Singaporean company with oilfield equipment. RCP, which also has a base in Singapore, will also install the four pieces of integrated well control kit on rigs as part of the contract. The system is made up of a hydraulic console with a remotely-operated panel, which is used to operate and control dual choke valves, among other things.

Oil & Gas

Culzean FSO to be built in Singapore


Japanese company Modec has contracted out the project to build a floating storage and offloading (FSO) vessel for Maersk Oil’s £3billion Culzean gas development in the North Sea. Singapore’s Sembcorp Marine said it had secured the work to design and build the FSO, with the project being handled by its wholly-owned subsidiary Sembcorp Marine Rigs and Floaters (SMRF). Scheduled for delivery in the first quarter of 2018, the vessel will be Sembcorp’s first FSO new-build secured on a full turnkey project basis.