Jasper Investments to manage two O&G firms

Visual from the Jasper Investments website

Singapore-listed Jasper Investments has entered into management contracts with two oil and gas firms; Global Shipping and GoLNG. This is designed to capitalise upon Jasper’s experience to augment their services, as well as to supplement Jasper’s own existing oil and gas business units.

Jasper Investments is a holding company, which operates in two segments: offshore drilling and corporate services. It principally invests in the offshore oil and gas drilling and services sector through its subsidiaries and provides engineering and construction services.

Jasper also manufactures and trades building materials, trades, services and rents construction machinery and equipment, and develops and invests in properties.

Jasper’s principal subsidiary, Jasper Offshore, owns and operates oil rigs for deep sea drilling. These assets are contracted out to oil and gas exploration and production companies. Jasper Offshore owns and operates its own Mobile Offshore Drilling Unit, which includes jack-up rigs, a drillship and Mobile Offshore Unit (MOU), which is a column-stabilised accommodation unit.

Jasper will provide commercial management services to Global Shipping for a fee of $60,000 per month. GoLNG will also be granted commercial management services for $22,500, according to a company release. These appointments are effective from Monday, 6 July 2015.

Global Shipping is active in the transportation and logistics for oil and gas, specifically Liquefied Natural Gas (LNG) in Southeast Asia. Meanwhile, Indonesia firm GoLNG provides storage facilities, vessels and re-gasification plants.

Jasper Investments maintains a market capitalisation of $29.6 million, with 4.2 billion shares outstanding as of June 10, 2015, according to a Blomberg quote.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.