Search results for: KS Energy

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  • 3 March 2016
    Business & Finance, Exploration & Production

    KS Energy’s subsidiary KS Drilling has secured a contract with Egypt’s Belayim Petroleum for a jack-up drilling rig. KS Energy has also informed it will have to pay a multi-million fine for its other rig, the KS Java Star. According to KS Energy, Belayim Petroleum will use the company’s KS Medstar-1 jack-up rig to drill offshore Egypt. The value […]

  • 27 June 2011
    Business & Finance

    KS Energy Limited announced today that its wholly-owned subsidiary, Atlantic Rotterdam Limited, has secured a 1 plus 1 year bareboat charter contract worth up to $12 million (including the 1 year option) for its Jack-up Offshore Accommodation rig Atlantic Rotterdam . The Rig will be deployed for Shell in the UK sector of the North […]

  • 20 June 2019
    Exploration & Production

    Singapore’s KS Energy, via subsidiary KS Drilling, has reached an agreement with ZPMC to cancel a jack-up rig construction order signed in 2014.

  • 27 August 2013
    Business & Finance

    China’s Shanghai Zhenhua Heavy Industries Co., Ltd (ZPMC) has signed an offshore drilling rig construction contract with KS Drilling, a subsidiary of KS Energy from Singapore. Under the agreement, signed on Saturday, August 24, ZPMC will build a Friede & Goldman design Super M2 jack-up drilling rig for its Singapore-based client. The rig, valued at approximately […]

  • 5 April 2017
    Business & Finance, Exploration & Production

    Singapore’s KS Drilling has been awarded a contract for its jack-up drilling rig KS Java Star 2 for work offshore Vietnam.  KS Drilling is an investment holding company, which is an 80.09%-owned subsidiary of KS Energy. Its main activities are in the provision of onshore and offshore drilling services, rig management and support services, oilfield equipment […]

  • 15 July 2011
    Business & Finance, Equipment

      KS Energy Limited announces that its subsidiary, KS Distribution Pte Ltd has secured two project contracts with an established shipyard from China to supply rig components worth approximately S$70 million (in total for the two contracts) for the construction of two jack-up rigs. KS Distribution Pte Ltd is a 55% subsidiary of the Company. […]

  • 3 July 2012
    Business & Finance

    Singapore’s KS Energy Limited last week announced that it had acquired a jack up drilling rig for a total consideration of US$38.5 million.

  • 20 December 2019
    Business & Finance, Exploration & Production

    Singapore’s KS Energy has been awarded a contract extension for one of its jack-up drilling rigs for operations offshore Vietnam. 

  • 22 June 2016
    Exploration & Production

    Singapore-listed KS Energy and China’s Shanghai Zhenhua Heavy Industry (ZPMC) have amended the terms of the contract for the delivery of a jack-up drilling rig being built by the Chinese shipyard.  KS Energy, through its offshore drilling subsidiary KS Drilling, ordered the jack-up rig of a Friede & Goldman JU-2000E design from ZPMC in June 2014. The contract also included an […]

  • 5 April 2019
    Exploration & Production

    Singapore-listed KS Energy, which has been grilled this week by SGX on whether it can continue operating as a going concern, has secured a contract for one of its jack-up rigs for drilling offshore Indonesia.

  • 9 March 2015
    Business & Finance, Exploration & Production

    KS Energy Limited has announced that PT Atlantic Oilfield Services, a subsidiary of KS Drilling together with its joint operation partner, Pertamina Drilling Services Indonesia, has been awarded a contract for the “KS Java Star” jack-up drilling rig. According to KS Energy, work is expected to begin in March 2015. The company did not name […]

  • 14 July 2011
    Business & Finance

      KS Energy Limited announces that one of its drilling related subsidiaries, together with its consortium partner, PT Pertamina Drilling Services Indonesia, has been awarded a contract, by a major oil company operating in Indonesia, to provide development drilling rig services worth approximately USD 98 million. The formal contract will be signed between all the […]

  • 18 January 2018
    Business & Finance, Exploration & Production

    KS Energy’s subsidiary KS Drilling has secured a contract extension for one of its jack-up drilling rigs.

  • 7 July 2015
    Business & Finance, Exploration & Production

    KS Energy Limited has announced that the contract for the KS Java Star jack-up drilling rig has been canceled. According to the initial contract, the rig was scheduled to start its work in March, 2015. However, KS Energy said that after several meetings with the client requesting to postpone the start date of the contract, the client decided to […]

  • 17 July 2019
    Business & Finance

    Singapore-based offshore drilling company KS Drilling has won a contract extension for one of its jack-up drilling rigs.

  • 8 October 2013

    Mainboard listed KS Energy Limited (“KS Energy”) today announced its move into Mexico with the signing of a Memorandum of Agreement (“MOA”) with one of Mexico’s renowned conglomerate Empresas ICA, S.A.B. de C.V. (“ICA”).  Under the terms of the MOA, a limited liability company will be established to be jointly owned by ICA and KS Drilling Pte Ltd (“KS […]

  • 27 February 2013

    Singapore’s KS Energy Limited has announced that Yakki International Pte Ltd, a company jointly controlled by KS Energy and Sinwa Limited has entered into an irrevocable Sale and Purchase Agreement for the sale of the KS Titan 2 lift boat for a consideration of US$42 million (approximately S$52 million). The self-propelled multi-purpose offshore support vessel […]

  • 10 April 2017
    Business & Finance

    Top executives from Singapore’s energy services provider KS Energy have been questioned by a police department which deals with false trading and market rigging transactions.  In a statement on Saturday, April 8 the company’s board informed that its Executive Chairman and Chief Executive Officer of the company, Kris Taenar Wiluan and Executive Director, Richard James Wiluan […]

  • 28 June 2019
    Exploration & Production

    Singaporean offshore driller KS Drilling has canceled another newbuild rig order in China. This time with COSCO.

  • 27 June 2011
    Business & Finance

    KS Energy Limited announced today that its wholly-owned subsidiary, Atlantic Rotterdam Limited, has secured a 1 plus 1 year bareboat charter contract worth up to $12 million (including the 1 year option) for its Jack-up Offshore Accommodation rig Atlantic Rotterdam . The Rig will be deployed for Shell in the UK sector of the North […]

  • 24 June 2014
    Business & Finance, Equipment

    Singapore’s KS Energy Limited has announced that a subsidiary of KS Drilling Pte Ltd, KS Rig Invest Three Ltd., has entered into a sale and purchase agreement for the sale of the rights and obligation under the construction contract for the KS Orient Star 1 rig for a cash consideration of US$ 84.88 million (S$106.10 […]

  • 18 November 2013
    Business & Finance

      KS Energy Limited  has informed that its subsidiary KS Drilling Pte. Ltd. together with its Joint Operation partner, Pertamina Drilling Services Indonesia, has been notified of the exercise of 1 year option on their current contract for the “KS Java Star” jack- up drilling rig. By this exercise of the 1 year contract extension, the rig is […]