Vallianz strikes vessel deal with CNOOC unit
Firm sees enormous opportunity in China's O&G sector
CATALIST-LISTED Vallianz Holdings has steered itself into China's oil & gas industry, announcing yesterday a three-year collaboration agreement with the country's largest offshore engineering and construction company.
Under the deal with Offshore Oil Engineering Co (COOEC), the integrated offshore marine solutions company will provide offshore support vessels, including submersible launch vessels, to back COOEC's offshore construction activities and operations.
The vessels will be made available to COOEC either by charter or through the award of a project sub-contracted to Vallianz.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold prices set for weekly decline ahead of US inflation data
Huawei’s new phone sports latest version of made-in-China chip
Meta’s earnings flop sparks US$400 billion sell-off in tech stocks
Singapore shares open lower on Friday; STI down 0.1%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Roku’s warning on ad-supported streaming competition clouds upbeat earnings