Contract Extension

Contracts

SIA Engineering secures support agreement with MYAirline; extends agreement with Hawaiian Airlines

SIA Engineering has secured a new contract with MYAirline and extended its existing agreement with Hawaiian Airlines.

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.

Hiap Tong awarded 5-year contract extension by ExxonMobil

SINGAPORE (Jan 9): Hiap Tong Corporation announced that its wholly-owned subsidiary, Hiap Tong Crane & Transport, has been awarded a 5-year extension lifting services contract by oil and gas company, ExxonMobil Asia Pacific.

Mermaid secures contract extension for subsea services in Middle East worth $129 mil

SINGAPORE (Sept 25): Mermaid Maritime announced that its joint venture (JV) with a local offshore services operator has secured a contract extension for offshore inspection, repair and maintenance services with a national upstream oil and gas company.

AusGroup says AMJV awarded extension of works on Ichthys Project Onshore LNG Facilities worth $178 mil

SINGAPORE (Aug 23): AusGroup today announced that AMJV has been awarded an extension of works on the INPEX-operated Ichthys LNG Project by JKC Australia LNG worth A$165 million ($177.9 million).

Broker's Calls

This stock is ready to ride the O&M sector recovery

SINGAPORE (Jan 3): CIMB is reiterating its “add” recommendation on Mermaid Maritime with a higher target price of 24 cents from 17 cents previously, after the company last week announced that its associate, Asia Offshore Drilling (AOD), secured a thre

Mermaid units lower rates for extension and existing contracts

SINGAPORE (Oct 11): Mermaid Maritime says associate Asia Offshore Drilling has won a short-term contract extension to end December for its jackup drilling rig AOD III with a repeat client from the Middle East.

ANZ Bank extends contract with Singtel and Optus Business to 2020

SINGAPORE (Sept 15): Singtel and Optus Business announced that its 2013 five-year telecommunications and managed services contract with ANZ Bank has been extended to 2020.
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