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Union Gas Holdings launches Catalist IPO

Fuel products provider Union Gas Holdings has launched its initial public offering (IPO) for a listing on the Singapore Exchange's Catalist board. The home-grown firm - known for its "Union" brand of bottled liquefied petroleum gas (LPG) cylinders - is offering 60 million shares at 25 cents apiece. These comprise 30 million new shares and 30 million vendor shares. Union Gas Holdings said yesterday that 58.72 million shares will be placed with...


Keppel O&M to deliver world's first converted FLNGV

SINGAPORE'S leading yard group Keppel Offshore & Marine (O&M) is on track to deliver the world's first converted floating liquefaction vessel (FLNGV) to Golar Hilli Corporation, a subsidiary of Golar LNG. The vessel, named Hilli Episeyo at a ceremony on Sunday, is scheduled to be delivered to Golar Hilli Corp in August. Keppel Shipyard was awarded the US$735 million contract to convert a liquefied natural gas (LNG) carrier into the FLNGV for...


Oil industry needs to harness new tech to meet growing demand in Asia: BP CEO

WHILE energy demand is slowing due to improving energy efficiency, it will still grow by 30 per cent over the next two decades, with almost all of that coming from emerging economies, especially Asia. This means that the oil and gas industry needs to produce hydrocarbons that are cleaner and at lower cost, and by harnessing the current wave of technological advances to do so, said BP chief executive Bob Dudley. BP, in a report...


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