KS Energy Limited, an investment holding company, operates as an integrated oilfield supply and services provider to the oil and gas, marine, and petrochemical industries worldwide. It operates through three segments: Drilling, Engineering, and Distribution. The company offers capital equipment charter, drilling and rig management, and specialized engineering and fabrication services to the oil and gas industry, as well as engineering design and project management services, and other oil and gas related services. It also supplies high-grade components and accessories, and instrumentation and process flow solutions; capital equipment, such as offshore piling hammers and cranes; high-grade ind...
19 Jurong Port Road
Founded in 1974
KS Energy Limited Announces Executive Changes
Jul 31 15
The Board of Directors of KS Energy Limited announced the resignations of Ms. Tan San-Ju and Ms. Yeo Poh Noi Caroline as Secretaries of the company with effect from July 29, 2015 and July 31, 2015 respectively. The Board also announced the appointments of Ms. Kim Yi Hwa and Ms. Susie Low Geok Eng as Secretaries of the company in place of Ms. Tan San-Ju and Ms. Yeo Poh Noi Caroline, with effect from July 31, 2015.
KS Energy Limited Announces Termination of Jack-Up Drilling Rig Contract
Jul 7 15
The Board of Directors of KS Energy Limited referred to the announcement dated March 6, 2015 in relation to the award of a contract for the "KS Java Star" jack-up drilling rig with an expected value of approximately USD 7.2 million. The company announced that following various meetings with the client, and their request for deferring the start date of the contract, the client decided to terminate the contract as parties were unable to agree on a new start date.
KS Energy Limited Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 14 15
KS Energy Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company announced revenue of SGD 35,091,000 compared to SGD 45,977,000 for the same period a year ago. Loss before income tax was SGD 9,840,000 compared to profit before tax of SGD 3,277,000 for the same period a year ago. Loss for the period was SGD 9,912,000 compared to profit for the period of SGD 1,194,000 for the same period a year ago. Loss attributable to owners of the company was SGD 8,488,000 compared to profit attributable to the company of SGD 205,000 for the same period a year ago. Cash flows from operating activities were SGD 23,674,000 compared to SGD 1,946,000 for the same period a year ago. Payments for purchase of plant and equipment were SGD 4,106,000 compared to SGD 18,026,000 for the same period a year ago. Payments for purchase of intangible assets were SGD 60,000 compared to SGD 12,000 for the same period a year ago. Consolidated revenue decreased mainly due to lower revenue from the Drilling business.