KS Energy

KS Energy directors, CEO, resign following appointment of judicial managers - THE EDGE SINGAPORE

Company in the news

KS Energy directors, CEO, resign following appointment of judicial managers

KS Energy’s executive director and CEO Richard James Wiluan, along with the company’s independent directors Chew Choon Soo, Lawrence Stephen Basapa and Soh Gim Teik have resigned on Oct 13.

Company in the news

High Court grants application to place KS Energy under interim judicial management

The Singapore High Court has granted OCBC Bank’s application to place KS Energy and its subsidiary, KS Drilling, under judicial management.

Management & Corporate Governance

OCBC files court applications for KS Energy to be put under judicial management

OCBC Bank has filed applications in the High Court of Singapore to put KS Energy under judicial management, with Andrew Grimmett and Lim Loo Khoo of Deloitte & Touche as interim judicial manage

KS Energy CEO Kris Wiluan charged for alleged false trading and market rigging

Regulatory Action

KS Energy CEO Kris Wiluan charged for alleged false trading and market rigging

Indonesian tycoon and CEO of Singapore-listed KS Energy Kris Taenar Wiluan was charged by the Commercial Affairs Department (CAD) on Wednesday (August 5), in relation to the violation of Section 19

OIL & GAS

Altman casts dark shadow over Singapore's oil and gas sector

(June 19): In the summer of 2015, I met Professor Ed Altman at a lecture in New York. He had founded the Altman Z-score in 1968, a popular formula for predicting bankruptcy.

Contracts

KS Energy secures $8.3 mil contract extension for drilling rig

SINGAPORE (Dec 19): KS Energy has been awarded a contract extension worth US$6.1 million ($8.3 million) for the KS Java Star 2 jack-up drilling rig, the company announced Thursday.

Deals, JVs and alliances

Loss-making KS Energy secures 2 contracts worth US$24 mil

SINGAPORE (June 28): Energy services provider KS Energy announced it has secured two contracts worth US$23.9 million ($32.4 million).

KS Energy unit wins US$2.6 mil drilling rig contract in Vietnam

SINGAPORE (Dec 21): KS Energy announced Friday that a subsidiary of its 80.09%-owned subsidiary, KS Drilling, has been awarded a US$2.6 million ($3.6 million) contract for the KS Java Star 2 jack-u

KS Energy unit wins US$5 mil drilling rig extension contract

SINGAPORE (Apr 6): KS Energy’s PT Petro Papua Energi has been awarded a US$5 million ($6.6 million) extension contract for the KS Discoverer 6 land drilling rig in Indonesia.

KS Energy unit wins US$4 mil contract for jack-up drilling rig

SINGAPORE (Mar 21): KS Energy announced Wednesday that KS Drilling Egypt Inc. has been awarded a US$4 million ($5.3 million) contract for its KS Medstar 1 jack-up drilling rig.

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