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IN THE NEWS

China Aviation Oil's Q2 profit rises 32.8%

HIGHER trading gains, greater supply and trading volumes, as well as a jump in share of profits from associates and joint venture, helped China Aviation Oil's (CAO) second-quarter net profit soar 32.8 per cent to US$23.6 million. Earnings per share for the quarter came in at 2.74 US cents, compared with 2.07 US cents in Q2 2015. Revenue for the three months to end-June climbed 19.8 per cent year...


Snake-like robot enters and cleans oil tanks

Hazardous petrochemicals, heat stress and falls are some of the risks faced by workers who manually clean oil tanks in refineries. To keep its workers safe, engineering and maintenance firm CYC International created a snake-like robot that can be remotely controlled to enter and clean the tanks. Besides eliminating safety and health hazards, the robot has helped increase productivity by over 70...


SembMarine delivers world's biggest jack-up rig

SEMBCORP Marine said it has delivered the world's largest jack-up rig to offshore drilling contractor Noble Corporation. Noble Lloyd Noble is the seventh ultra high-specification harsh environment jack-up rig completed for Noble Corporation. The rig has an operational air gap of 69 metres and is capable of operating in a water depth of up to 150 metres in harsh environmental conditions, Sembcorp...


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