Swiber Holdings

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.

M&A

Saudi Arabia's Rawabi to invest $278.6 mil in Swiber; eyes US$1 bil LNG project

SINGAPORE (June 8): Rawabi Holding Company, a Saudi energy services provider, plans to invest US$200 million (S$278.6 million) in Swiber Holdings, which is under judicial management.

Regulatory Action

SGX RegCo's need for speed

While the Covid-19 pandemic rages, the regulator says it is focused on stepping up the pace of its process

Markets

Singapore studies tightening bonds, REITs regulation

(Aug 7): Singapore is examining ways to tighten regulation of retail bond issues and the real estate investment trust sector as it steps up investor protection in the city-state.

Restructuring

Swiber creditors give nod for proposed restructuring with Seaspan

SINGAPORE (May 30): Creditors of Swiber Holdings and its main subsidiary, Swiber Offshore Construciton (SOC), have approved a restructuring proposal which the group says will take it one step neare

M&A

Seaspan to invest up to US$200 mil in Swiber Group

SINGAPORE (Oct 3): Seaspan Corporation, one of the world’s largest owners and operators of containerships, has agreed to a proposed US$200 million investment deal that could pave the way for the re

Vallianz's controlling shareholder Rawabi lifts stake to 41.2% after rights cum warrants issue

SINGAPORE (Dec 28): Vallianz Holdings' controlling shareholder Rawabi Holding Company Limited (RHCL), now owns a 41.2% stake in the company from 14.8% previously immediately after the completion of

Ezion suspends shares, seeks restructuring

SINGAPORE (Aug 14): Singapore-based oil services company Ezion Holdings said trading in its shares would be suspended temporarily as it is in talks with stakeholders such as bank lenders and credit

GSS Energy seeks to be valued as O&G play

This article appears in Issue 783 (June 12) of The Edge Singapore which is on sale now

Kim Heng O&M acquires 3 AHTS vessels from Swiber for $13.3 mil

SINGAPORE (June 12): Kim Heng Offshore & Marine has acquired three 10,800 bhp Anchor Handling Tug/Supply (AHTS) vessels for a consideration of US$9.6 million ($13.3 million).

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