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POSH set to bag second contract from Shell LNG project

PACC Offshore Services Holdings (POSH), a listed offshore-and-marine group partly owned by Malaysian tycoon Robert Kuok, is well-placed to land its second contract with a Shell-operated floating liquefied natural gas (FLNG) project. The Business Times understands that it has pulled ahead of Prosafe, its closest rival in the tender for the contract to support the installation of the multi-billion...


Hyflux, Sembcorp could be in race for Suez Canal project

SINGAPORE's water-treatment company Hyflux and diversified energy, water and marine group Sembcorp Industries are two potential contenders for a power plant project mooted for the northern area of Egypt's Suez Canal Economic Zone (SCZone). SCZone Authority, the appointed regulator of the economic zone being developed in phases until 2045, is hoping to engage the two Singapore-listed companies as...


Keppel Fels set to bag US$500m contract

KEPPEL Fels, the rig-building arm of Keppel Corp, is close to clinching its first significant contract this year, having emerged as the frontrunner by a large margin for a tension leg wellhead platform (TLWP) contract. The deal with the Repsol-operated Ca Rong Do (CRD) field development off southern Vietnam is valued at upwards of US$500 million. Sealing this deal would deliver a much needed boos...


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