Search results for: EMAS Offshore

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  • 25 September 2015
    Business & Finance

    EMAS Offshore has appointed Adarash Kumar (“Capt. Kumar”) as the company’s new chief executive officer, effective September 25, 2015. Jon Dunstan, the current CEO has resigned in order to pursue other interests outside of the company but will remain with the company to handover and assist Capt. Kumar until February 2016. Kumar has stepped down […]

  • 25 October 2019
    Business & Finance

    The High Court of the Republic of Singapore has granted Emas Offshore’s request to be placed under judicial management.

  • 8 October 2014
    Business & Finance, Operations & Maintenance

    EMAS Offshore, formerly known as EOC, has made its debut today on the Main Board of the Singapore Exchange Securities Trading (SGX-ST), placing it as the first company to dual-list in Norway and Singapore for capital raising. The secondary listing on the SGX-ST will support the Group’s growth plans, and provide the Group with a […]

  • 4 September 2017
    Business & Finance

    Offshore services provider Emas Offshore has started restructuring process in Singapore and entered into an agreement with potential investors who will put in $50 million into the company as part of its financial restructuring.  The restructuring application was filed at the end of August. With this application, Emas Offshore, together with its subsidiaries Emas Offshore […]

  • 29 September 2014
    Business & Finance, Operations & Maintenance

    EMAS Offshore, formerly known as EOC, has launched public offering of shares following the registration of its prospectus with the Monetary Authority of Singapore (MAS), in conjunction with the proposed listing on the Main Board of the Singapore Exchange Securities Trading Limited. The Group is offering 48,585,000 shares priced at S$1.21 per share. “We are pleased […]

  • 11 June 2015
    Business & Finance

    EMAS Offshore Limited, an offshore services provider offering offshore support, accommodation, construction and production services to the oil and gas industry, has secured a contract valued at more than $30 million, including options. According to the press release, this contract is part of a larger project awarded to EMAS AMC, the Subsea Services division of […]

  • 25 September 2015
    Business & Finance

    EMAS Offshore Limited, an offshore services provider offering offshore support, accommodation, construction and production services to the oil and gas industry, on Friday announced that Captain Adarash Kumar A/L Chranji Lal Amarnath has been appointed as the company’s new Chief Executive Officer (CEO), effective September 25, 2015. Jon Dunstan, the current CEO, has resigned in order to […]

  • 17 March 2017

    Emas Offshore Limited has received charter terminations from the owners of two vessels, the Lewek Toucan and the Lewek Pelican.  Lewek Toucan is a multipurpose offshore support vessel owned by Seabird Penguin Offshore Limited and Lewek Pelican is an anchor handler owned by Seabird Pelican Offshore. The charter for the first vessel started on March 17, 2016, and […]

  • 30 March 2018

    Singapore’s Emas Offshore has received a notice of termination from Marina Aquata Shipping for one of its PSVs.

  • 22 July 2019
    Business & Finance

    Singapore’s struggling offshore vessel operator Emas Offshore has filed an application with the high court of the Republic of Singapore to be placed under judicial management.

  • 20 September 2019

    Malaysian offshore support vessel owner Intan Offshore has canceled an anchor handling tug charter deal it had with Emas Offshore.

  • 13 December 2016
    Business & Finance

    Offshore contractor Emas Offshore, part of Singapore’s Ezra, has reached a deal with all of its lenders on refinancing its debts over a period of five years.  At the end of October this year, Emas reached an agreement in-principle with the substantial majority of its principal bankers on the refinancing of its financial obligations and the […]

  • 3 March 2017

    Emas Offshore has sought for an extension from its bankers to wrap up documentation needed for refinancing of its financial obligations and the provision of additional working capital facilities.  Emas Offshore Limited (EOL) announced on October 30, 2016, the group has reached in principle agreements with the substantial majority of its principal bankers on the refinancing of […]

  • 11 May 2016
    Business & Finance

    Singapore’s offshore vessel supplier Emas Offshore has informed that it has secured several new contracts worth up to $32 million in total. Emas said these new charters will see its Anchor Handling Tug, Anchor Handling Tug and Supply and Platform Supply vessels supporting National Oil companies (“NOCs”), International Oil companies (“IOCs”) and other offshore contractors on drilling […]

  • 11 January 2016

    Singapore’s offshore services provider Emas Offshore has reported a net loss of $3.2 million for the three months ended November 30 2015, (“1QFY2016”). Emas Offshore’s revenue for the quarter was $49.8 million. The company said the result was a consequence of the challenging operating conditions underpinned by a volatile oil price environment, leading to softer demand for its offshore support vesels. During […]

  • 13 September 2019

    A judicial management application for Singapore’s struggling offshore vessel operator Emas Offshore will be heard by the high court of the Republic of Singapore later this month.

  • 5 December 2017

    Emas Offshore has received bareboat charter terminations for two platform suppliers and one anchor handling tug and supply vessel. 

  • 23 April 2018

    Singapore’s struggling offshore vessel operator Emas Offshore has returned two offshore vessels it had leased from Singa Offshore

  • 13 February 2019

    Philippine corporation Udenna has broken off negotiations over a potential investment of $73 million in Emas Offshore.

  • 20 March 2017
    Business & Finance

    Following a request for bankruptcy protection by Singapore’s Ezra Holdings, Emas Offshore, an offshore services provider held by Ezra, will be facing a going concern issue in case it fails to refinance its financial obligations.  In order to facilitate the financial restructuring, Emas Offshore’s parent company Ezra Holdings filed the petition for reorganization at the U.S. court on […]

  • 5 May 2015
    Business & Finance

    The board of Ezra Holdings Limited, a Singapore-based contractor to the oil and gas industry, has today appointed Lionel Lee as Chairman of Ezra’s Subsea Services division, EMAS AMC. According to the company, holding the position of EMAS AMC Chairman as well as being part of Ezra’s EXCO, means that Lee will direct the development […]

  • 26 October 2018

    Emas Offshore, a struggling Singapore-based offshore vessel company, is in talks with a Philippine corporation over a potential investment of $73 million.