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Energe Asia faces rising pressure in Singapore amid growing winding-up petitions

Latest application was filed by Olea Global Pte Ltd after Petco Trading Labuan Company (PETCO), the trading arm of Malaysia’s national oil and gas company PETRONAS, did so last year.

An application for the winding up of Singapore bunkering firm Energe Asia Pte Ltd (UEN No. 201617779H) was filed by a creditor, Olea Global Pte Ltd (UEN No. 202138286N), on 4 November, according to a Friday (2 January) notice on the Government Gazette.

It noted the winding up application is directed to be heard before the Judge sitting in the General Division of the High Court at 10am on 9 January.

Any creditor or contributory of the company desiring to support or oppose the making of an order on the winding up application may appear at the time of hearing by himself or his counsel for that purpose.

A copy of the winding up application will be furnished to any creditor or contributory of the company requiring the copy of the winding up application by the solicitors of the applicant, Rajah & Tann Singapore LLP, on payment of the regulated charge for the same.

The Applicant’s address is 9 Raffles Place, #26-01, Republic Plaza, Singapore 048619.

The Applicant’s solicitors are Rajah & Tann Singapore LLP of 9 Straits View, #06-07 Marina One West Tower, Singapore 018937.

Manifold Times previously reported a scheduled hearing between legal representatives of Energe Asia and Petco Trading Labuan Company Ltd. (PETCO) (Malaysia Registration No. LL06781).

PETCO), the trading arm of Malaysia’s national oil and gas company PETRONAS, had earlier submitted a winding up application against Energe Asia. 

Energe Asia was expected to contest the winding up application.

Related: Singapore: Energe Asia to contest winding up application of Petco Trading Labuan Compan

 

Photo credit: Manifold Times
Published: 5 January, 2026

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