THE US$73.29 million proposed investment that the beleaguered EMAS Offshore is looking forward to has been called off.

A PHILIPPINE group could be sailing to Emas Offshore's rescue, in a deal announced by the board on Friday....

EMAS Offshore may have found a rescuer in its financial restructuring, under a non-binding term sheet with the Philippines' Udenna Corp announced by the board on Friday.

THE Oslo Stock Exchange has passed a resolution to delist EMAS Offshore with effect from Sept 28, the offshore gas and oil services provider said in a filing on Thursday.

HOCK LOCK SIEW

EMAS Offshore (EOL) and Triyards are both subsidiaries of erstwhile stock market darling Ezra Holdings. Although of the same pedigree, one will be hoping not to share the same fate as the other....

OIL and gas equipment supplier Baker Technology has canceled plans to invest in Emas Offshore, throwing a spanner in the works of the target's plans to emerge from restructuring....