Post Reply
1421-1440 of 2153
Keppel FELS delivers 2nd 8500 Series semi to Ensco.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9CBD5741E8818553482575CF0035DFF2/$file/Prel_ENSCO8501delivery1.pdf?openelement
DnApeh ( Date: 04-Jun-2009 11:50) Posted:
|
Alligator ( Date: 04-Jun-2009 09:46) Posted:
|
Thanks Alligator
I think it is related to this Skeie Drilling and Production.
Thursday, 04 June 2009 09:05
Keppel Corp (KPLM.SI), the world’s biggest maker of offshore oil
rigs, said today it is prepared to help in the restructuring of a
customer that has placed orders worth about $1.7 billion with Keppel,
reported Thomson Reuters.
The customer, Norwegian firm Skeie Drilling & Production
(SKDP.NFF), said in a June 2 announcement on its website that it had
missed payments on rigs it had ordered and that it was in breach of an
agreement with bondholders.
JJSeng ( Date: 04-Jun-2009 09:42) Posted:
|
Tianjin/Singapore,
3 June 2009 – Sino‐Singapore Tianjin Eco‐City Investment and Development Co., Ltd. (SSTEC) reached another important milestone of its developmental plan today by bringing on board several Singapore companies as partnes to launch its first eco‐business park.
With
SSTEC
The
| Keppel appoints Wong Partnership's Alvin Yeo to its board |
|
Keppel Corp says it has appointed Alvin Yeo, Senior Partner of WongPartnership to its Board of Directors with effect from June the first. Mr Yeo, who is also a member of parliament, will be a non-executive, independent Director on the Board. He's the Chairman of the Government Parliamentary Committee for Home Affairs and Law. He also serves on the Appeals Advisory Panel of the Monetary Authority of Singapore. |
SPC is a refiner and not owners of oilfields.I thot there's a limit to gains if crude oil prices move upwards,no? Are they not part of the supply chain who often get squeezed between consumers and supplier, no?
Me thinks demand for alternative sources of energy will rise-coal, gas with technology being the key enabler. Second, I read somewhere that the americans may seek to lift the ban on off shore oil exploration which should alleviate supply concerns somewhta. The longer term solution should be to change users habits on energy consumption.
Companies do evaluate their portfolios now and again and freeing up money is just the starting point. This could be a harbinger of a possible strategic move by Keppel in the months to come-acquisition (my guess).
spc should not be in foreign hands cos oil is such an important commodity to our survival; it should be 100% govt owned and developed into a global organisation like petronas
REFINED OIL PRODUCTS like petrols, diesels, kerosenes, fuel oils, jet fuels, gas, lube oils, tars, et cetera are COMMODITIES sold by petroleum REFINERS.
COMMODITIES are PROCESSED PRODUCTS which incures high storage and distribution costs and needs to be moved OUT FASTEST for BEST TURNOVER RATE at the LEAST COST and thus sacrificing margins.
CRUDE OILS can be left WHERE IT IS (LIKE WHAT US Government is doing for decades) for HUGE APPRECIATION and SOLD at the BEST PRICE LATER (US Government loves to buy and use up OTHER COUNTRY's OIL WELLS until they FINALLY DRY UP) and KEEP OWN OIL RESERVES UNTOUCHED.
Even CHINA started BUYING UP OIL RESERVES YEARS AGO.
PETROCHINA is NOW perpetuating this PRACTICE to DEPLETE OTHER COUNTRIES of OIL WELL RESERVES with the purchase of SPC as one case.
I think otherwise. Management of Keppel Corp. must have discussed for a long time whether to sell SPC to PetroChina. I don't think this was an impulsive decision made over a very short time span. The deal and negotiations may have started over a period of time, just that it may not have been disclosed to the general public and media. Oil business is not very lucrative as it is a commodity business. Commodity business are very inconsistent. Sometimes when demand is high for the particular resource and supply is low, the price goes up. When demand is low and supply is high, price of the resource goes down. There are a good number of oil companies around and price competition will prevent individual company from coming up ahead of the rest of the pack. Basically, all oil companies are selling similar products (oil) with little differentiation in the products. So, earnings margin can never go too high due to price competition between companies. So, it may not be a bad deal for Keppel Corp. to let go of this commodity business and focus its capital on other more consistent and profitable businesses.
withOUT SPC, Kep Corp has NO MORE OIL WELLS to cheong anymore.
Kep Corp is now like a DRIED corpse withOUT its OILS.
Kep Corp has downgraded its "XtraOrdinary Ness" to the level of Semb Corp.
SPC is worth more than S$6.25 in the LONG TERM.
With the OIL WELLS in five countries, SPC can collect how many times of S$6.25 in the LONG TERM.
poor Corpse!
Wait a bit longer sure will rise to $9.40 since there will still be people willing to buy at such high price. Short-term wise, there may be fluctuations to the share price due to volatile market sentiments.
hanwudi ( Date: 26-May-2009 00:19) Posted:
|
nickyng ( Date: 25-May-2009 09:23) Posted:
|