Cube Highways and Infrastructure II (Cube Highways) has completed its acquisition of Farakka-Raiganj Highways Limited (FRHL), an operating toll road in West Bengal state in India, from HCC Concessions, for INR 1,508 crore. The acquisition by Cube Highways was executed through its ISQ Global Infrastructure Fund II. The deal expands the portfolio of the Singapore-based […]
The European Bank for Reconstruction and Development (EBRD) is making an investment in Uzbek food retail chain Korzinka by acquiring a minority stake in its parent company Anglesey Food for $40 million. Anglesey Food is owned by Anglesey Investments, a Singapore-incorporated company. The Korzinka retail network comprising 50 ‘korzinka.uz’ and ‘korzinka.uz DISKONT’-branded stores in Uzbekistan. […]
Dutch geo-data specialist Fugro has bagged a geotechnical contract for the Apsara oil field in the Cambodian part of the Gulf of Thailand from Singaporean oil and gas company KrisEnergy. Located in Cambodia Block A and spread over the unproduced geological basin – Khmer Basin, the Apsara oilfield represents the first hydrocarbon development in Cambodia. […]
Atlantic Gulf & Pacific (AG&P), a Singapore-based downstream gas and LNG logistics company, has made an equity investment in LNG vessel developer Kanfer Shipping. Based in Norway, Kanfer Shipping develops small-scale LNG sea transportation, floating storage facilities, maritime break-bulk solutions, and also LNG bunkering. Through their partnership, Kanfer Shipping and Atlantic Gulf & Pacific expect […]
Singapore-based Jadestone Energy has agreed to acquire an operated stake of 69% in the Maari Project in the offshore Taranaki basin, New Zealand, from OMV New Zealand, for $50 million. The Maari Project is a mid-life producing asset within permit PMP 38160, which is contained in 100 metres water depth, nearly 80 kilometres southwest of North […]
Gas Entec has bagged an EPC contract from Sembcorp Marine Integrated Yard for the cargo handling system for a 12,000 cubic meter LNG bunker vessel. As per the contract terms, Gas Entec will be responsible for the engineering, procurement and construction (EPC) of the cargo handling system of the LNG bunker vessel, which will be […]
Jadestone Energy has submitted the field development plan (FDP) for its offshore Nam Du and U Minh gas fields in southwestern Vietnam to Vietnam Oil and Gas Group (Petrovietnam). The FDP received endorsement from Petrovietnam and needs further approval by the Vietnam Government, which is expected later this year, said the Singaporean oil and gas company. […]
REC Group, a Norwegian solar energy company, has started mass production of its REC Alpha Series solar panel in Singapore for which it has invested a total of $150 million. The solar energy company also developed a new Industry 4.0 cell fab at the Singaporean solar panel manufacturing plant. The expansion gives an additional 600MW […]
EDBI, a Singapore government-linked global investor, has made an undisclosed strategic investment in Cityneon Holdings, a creative solutions provider for interior architecture, events and exhibitions. The funding comes close on the heels of investment made by CITIC Capital, an affiliate of CITIC Group, in May 2019. The investment will help Cityneon further expand into new […]
Fatburger, a US fast casual restaurant chain has introduced a new menu item, the Impossible Burger at all its Singapore locations. The Impossible Burger from Impossible Foods is a plant-based burger that is available currently at Fatburgers across the US along with sister brands Hurricane Grill & Wings and Buffalo’s Cafe. Fatburger started in 1952 […]