Swiber Holdings Limited Company News

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Singapore Banks' Sour Loans In Focus As Oil Service Sector Stresses
Singapore's DBS Group Holdings and smaller rival United Overseas Bank are set to report their lowest quarterly profit in at least 2 years, hurt by loans provisions for the oil services sector.
7:00 PM EST | February 09, 2017
Singapore's Marco Polo Marine Flags Doubt On Continuing As A Going Concern
Marine logistics firm Marco Polo says it has substantial doubt about being able to continue as a going concern due to a cash crunch, as it sought noteholders' approval to defer redeeming bonds worth $37 million by three years.
8:00 PM EST | September 21, 2016
Singapore's Marco Polo Marine Seeks To Delay Bond Payment
Singapore's Marco Polo, a marine logistics firm that counts oil and gas firms as clients, wants bond holders' nod to defer payment of notes worth $37 million, the latest oil-related firm in the city-state to show financial strain from crude's drop.
8:00 PM EST | September 13, 2016
Asia Oil, Gas Layoffs Mount as Industry Recovery Stays Elusive
The industry downturn continues to weigh on Asian oil and gas workers as redundancies continue to rise with no recovery in sight.
8:00 PM EST | September 07, 2016
Swiber Names John Swinden as CEO, Hopeful of Completing Ongoing Projects
John Swinden takes over as CEO of Singapore's financially troubled Swiber Holdings as the firm's interim judicial managers (IJMs) are hopeful of completing ongoing projects.
8:00 PM EST | September 04, 2016
Vallianz Updates on Swiber's Request for Payment of $63.5M in Arrears
Vallianz Holdings givens an update on Swiber's request for payment of $63.5 million in outstanding amount owed to the financially troubled firm.
8:00 PM EST | August 31, 2016
Swiber Mulls Legal Action Against Londoon-based Private Equity Firm AMTC
The interim judicial managers of Singapore's Swiber Holdings says the company is considering legal action against London-based private equity firm AMTC for breaching a preference share subscription deal.
8:00 PM EST | August 11, 2016
Court Orders Payment Freeze on Swiber's Bank Guarantee for Indian Projects
An Indian court grants an interim order to freeze payment on bank guarantees posted by Singapore's financially troubled Swiber Holdings for its projects offshore India.
8:00 PM EST | August 09, 2016
Penny Stock DBS Couldn't Save Roils Singapore Oil Hub, Banks
With a market value of $37 million, Swiber Holdings hardly seemed the kind of company to cause a ripple in the financial markets. Yet, the near-liquidation of the penny-stock firm has set off tremors in Singapore's banking and energy industries.
8:00 PM EST | August 07, 2016
KPMG Takes Role as Judicial Manager of Singapore's Swiber Holdings
KPMG takes on role as judicial manager for Singapore's troubled offshore oil and gas construction and support services provider Swiber Holdings.
8:00 PM EST | August 03, 2016
Singapore's Troubled Swiber Holdings Opts for Judicial Management
Swiber Holdings, a troubled Singapore-based offshore construction and support services provider, opts for judicial management after filing application for liquidation.
8:00 PM EST | July 31, 2016
Plunging Oil Prices Create Bad-Loan Pain For Singapore Banks
The plunge in oil prices is catching up with Singapore's three largest banks.
8:00 PM EST | July 31, 2016
Singapore's Swiber Holdings to Wind Up Company, 3 Senior Executives Resign
Swiber Holdings files an application to wind up the Singapore-based offshore construction and support services firm as 3 senior executives resigned.
8:00 PM EST | July 27, 2016
Swiber's EPCIC Work in West Africa Delayed by Industry Slowdown
Swiber Holdings reports a delay in contract work for a $710 million offshore field development in West Africa which is being developed by a Houston-based company.
8:00 PM EST | July 07, 2016
Swiber Names Yeo Chee Neng as CEO & President, Succeeds Francis Wong
Swiber Holdings names Yeo Chee Neng as CEO and president, succeeding Francis Wong who will now be the firm's vice chairman.
8:00 PM EST | June 19, 2016
Swiber-Sime JV Commences Arbitration in India Over ONGC's B-193 Project
Swiber and Sime Darby commences arbitration proceedings in India against Oil and Natural Gas Corp. over a process platform contract for the B-193 Project.
8:00 PM EST | June 08, 2016
Swiber Bags $215M Contracts in Myanmar, Vietnam and Qatar
Swiber bags three contracts, worth $215 million, for work in Myanmar, Vietnam and Qatar.
8:00 PM EST | June 06, 2016
Swiber Clinches $100M EPIC Contract from South Asian NOC
Swiber clinches $100 million engineering, procurement, installation and construction services contract from a national oil company in South Asia.
7:00 PM EST | February 28, 2016
Swiber Completes Subsea Pipeline Installation Project Off South America
Swiber Holdings completes a subsea pipeline installation project offshore South America.
7:00 PM EST | February 03, 2016
China's Rail Company CRRC Acquires 13.9% Stake in Singapore's Vallianz
China's state-owned rail corporation CRRC invests $16.58 million to take a 13.9 percent interest in Singapore's offshore support vessel company Vallianz Holdings.
7:00 PM EST | January 24, 2016
Swiber's Subsidiary Acquires 38% Stake in Nigeria's Deltatek Offshore
Singapore's Swiber Holdings acquires 38 percent interest in Nigeria's services provider Deltatek Offshore Limited.
7:00 PM EST | January 19, 2016
Swiber's 3Q 2015 Net Profit at $4.3M, Up from a YOY Loss of $22.9M
Singapore's Swiber Holdings posts a net profit of $4.3 million in the third quarter of 2015, up from a loss of $22.9 million in the previous year.
7:00 PM EST | November 15, 2015
Swiber's 2Q 2015 Revenue Falls 8.7% to $200.2M on Fewer Contracts
Swiber's revenue for the second quarter of 2015 falls 8.7 percent to $200.2 million on fewer contracts.
8:00 PM EST | August 16, 2015
Swiber Secures Letter of Intent for $80M Pipeline Project in Latin America
Swiber secures letter of intent from "global energy company" to carry out an $80 million pipeline project in Latin America.
8:00 PM EST | August 03, 2015
Oil Service Firms Jostle For India Orders Amid Global Spending Cuts
Oilfield services firms are scrambling for contracts from India, which has emerged as a rare bright spot for the sector hardest hit by a slump in global crude oil prices.
8:00 PM EST | July 08, 2015
Alam Swiber Wins Subsea Contact at Chevron's Prai Terminal in Malaysia
Alam Swiber Offshore wins $5.9 million contract for subsea pipeline installation works from Chevron at the Prai Terminal in Pulau Pinang, Malaysia.
8:00 PM EST | June 23, 2015
Swiber's 1Q 2015 Revenue Falls to $164.9M, Down 17.3% YOY
Swiber's revenue falls 17.3 percent in the first quarter of 2015 to $164.9 million, down from $199.5 million a year ago, while net profit slips to $$70,000 from $52.8 million.
8:00 PM EST | May 13, 2015
Swiber Clinches $133M EPIC Contract from an Indian NOC
Swiber clinches a $133 million engineering, procurement, installation and construction services contract in India from a national oil company.
8:00 PM EST | April 14, 2015
Swiber Lands $405.6M Contracts, Including a $333M EPCI Deal from Indian NOC
Swiber lands $405.6 million contracts, including a $333 million deal for engineering, procurement, construction and installation services to a national oil company in India.
8:00 PM EST | March 25, 2015
Swiber Secures $310M EPCIC Contract from South Asian NOC
Swiber Holdings secures a $310 million engineering, procurement, construction, installation and commissioning contract from a South Asian national oil company.
7:00 PM EST | February 11, 2015
As Oil Slides, Singapore Oilfield Service Firms Struggle to Refinance Debt
Ezra Holdings and Swiber Holdings are finding it tough to refinance debt maturing later this year due to the slump in crude prices, according to banking sources.
7:00 PM EST | January 26, 2015
Swiber Records 9M 2014 Net Profit of $40.1M, Down 22.8% YOY
Swiber's net profit declines 22.8 percent to $40.1 million for the first nine months of this year, compared to $51.9 million a year ago.
7:00 PM EST | November 12, 2014
Vallianz to Acquire Stake in Indonesian OSV Company to Enter Local Market
Vallianz Holdings to acquire 49 percent interest in PT Swiber Berjaya for $17.5 million to gain entry into Indonesia's offshore support vessel market.
7:00 PM EST | November 10, 2014
Swiber's 1H 2014 Net Profit Rises to $63M, Up 68.3% YOY
Swiber posted a 68.3 percent increase in net profit to $63 million in the first half of 2014, with the gains attributed largely to higher other operating income arising from the disposal of the firm's subsidiaries.
8:00 PM EST | August 12, 2014
Swiber Secures $80M EPIC Contract for Subsea Work in Latin America
Swiber Holdings secures an $80 million engineering, procurement, installation and construction contract for subsea development work, including pipeline tie-in, in Latin America.
8:00 PM EST | June 01, 2014
Alam Swiber to Work with Geoproduction, MMHE on EPCIC Jobs in Malaysia
Alam Maritime's unit Alam Swiber Offshore signs cooperation agreement with Geoproduction and Malaysia Marine and Heavy Engineering for engineering, procurement, construction, installation and commissioning projects in Malaysian waters.
8:00 PM EST | May 04, 2014
Swiber Records Net Profit of $91M in 2013, Up 45% YOY
Swiber Holdings reports a 45.3 percent rise in net profit for 2013 to $90.9 million, compared to $62.5 million a year ago, with the increase due to strong revenue growth, especially from Southeast Asia.
7:00 PM EST | February 27, 2014
Swiber Expands Shipyard Facilities at Tuas Yard in Singapore
Swiber Holdings expands existing shipyard facilities at Tuas, Singapore to meet increased demand in shipbuilding, repair and conversion services.
7:00 PM EST | February 11, 2014
Swiber Bags $235M of Contracts for Work in Latin America, Southeast Asia
Swiber Holdings bags five contracts, worth $235 million, for work in Latin America and Southeast Asia.
7:00 PM EST | February 02, 2014
SEA9 Offers to Acquire Subsea Solutions Provider Kreuz for $358.4M
SEA9, a unit of The Headland Private Equity Fund, makes a proposed offer to acquire integrated subsea solutions provider Kreuz Holdings for $358.4 million.
7:00 PM EST | November 05, 2013
Swiber Posts 11.8 Percent Gain in Net Profit for 1H 2013
Swiber Holdings records an 11.8 percent increase in net profit to $37.4 million in the first half of 2013.
8:00 PM EST | August 13, 2013
Swiber Wins Contracts Worth $435M
Swiber Holdings, an integrated offshore construction and support services provider, reports that it has won contracts worth $435 million.
8:00 PM EST | July 28, 2013
Swiber 2Q 2012 Profit Doubles on Offshore Contract Wins
Swiber Holdings sees 2Q 2012 net profit skyrocket on offshore construction contract wins.
8:00 PM EST | August 14, 2012
Swiber's Order Book Rockets to Record $1B
Swiber announced that its order book has rocketed close to $1B, the highest in the Group's corporate history, after securing its single largest contract win this year for an EPIC pipeline project in South Asia.
8:00 PM EST | September 21, 2011
Swiber Books First Myanmar Offshore Installation Project
Swiber signed a Letter of Award with a Myanmar oil and gas company worth $77 million. Under the LOA, Swiber will provide offshore installation works for 150 kilometers gas pipelines.
7:00 PM EST | November 24, 2009
Swiber, Alam Maritim to Jointly Operate DLB Offshore Malaysia
Swiber and Alam Maritim Resources will jointly own and operate a derrick lay barge for offshore installation projects in Malaysia.
8:00 PM EST | September 16, 2009
Swiber Teams Up with Alam Maritim for Opportunities Offshore Malaysia
Swiber is teaming up with Alam Maritim Resources Berhad, a main market Malaysian-listed established offshore marine transportation services provider, to tap offshore construction opportunities in the offshore market in Malaysia.
8:00 PM EST | August 19, 2009
Swiber Raises Funds through Placement of 84MM New Shares
Swiber reported a 15.3% year-on-year rise in earnings to US $11.9 million, and the company intends to earn additional funds through a private placement by issuing up to 84 million new shares.
8:00 PM EST | May 28, 2009
Swiber Completes Sale-Leaseback of Swiber Concorde Pipelay Vessel
Swiber announced the completion of sale and leaseback of its 248-man capacity pipelay barge, Swiber Concorde, which was delivered on February 28, 2009, to Tioman Offshore. The barge is preparing for its first pipelay job in Southeast Asia.
8:00 PM EST | March 12, 2009
Swiber Delivers 2 Construction Vessels to Asian Projects
Swiber Holdings Limited announced that two offshore construction vessels have already been successfully delivered to them and are currently deployed to various offshore locations in Asia.
8:00 PM EST | March 12, 2009