OWN BY MAJOR SUBSTANTIAL SHAREHOLDER - KEPPEL CORP
Dyna-Mac Holdings Ltd., an investment holding company, engages in the engineering, fabrication, and construction of offshore floating production storage offloading (FPSO) and floating storage offloading (FSO) topside modules, onshore plants, and other sub-sea products for the oil and gas industries primarily in the Asia Pacific and Europe. The company operates through two segments, Module Business and Ad-hoc Projects. It offers modules for FPSO vessels and floating liquefied natural gas (F-LNG). These modules consist of modules of specialized process and control equipment, such as separators, heat exchangers, coolers, pumps, electrical equipment, process piping, control valves, and control panels, which are installed on steel structural frames and connected as per the lay-out drawings of the specific FPSO and F-LNG. The company also provides power generation modules and accommodation modules; and constructs modules for LNG liquefaction plant, refineries, and pharmaceutical and petrochemical plants. In addition, it engages in the offshore construction of hull of semi-submersible (floating production unit), turret mooring systems, sub-sea pipeline (gravity actuate piping system), self-installing platform, and fixed platform and jacket. Additionally, the company provides contracting services for project management, engineering, fabrication, and installation of land and marine works; construction works, including fabrication, sale, installation, and repair of modules for oil rigs; and the exploration and exploitation of oil and gas, as well as offers repair services for ships, tankers, and other ocean-going vessels. It also manufactures and repairs marine engines and ship parts; and provides manpower resources for shipping-related projects. Dyna-Mac Holdings Ltd. was founded in 1990 and is headquartered in Singapore.
U.S. crude rose above $63 a barrel to the highest level in more than three years.OPEC-led output cuts, a dip in the U.S. rig count and expectations U.S. crude inventories fell for an eighth week supported prices
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