• 11
    Mar

    Clear survivors emerging in O&M sector: UOB Kay Hian

    The Business Times by TAN HWEE HWEE

    Singapore SINGAPORE'S offshore and marine (O&M) sector remains cash-flow stressed, but a review of core margins showed that clear survivors are emerging in the sector despite the financial pressure of a multi-year downturn, UOB Kay Hian noted in its… More

  • 08
    Mar

    Ezion in talks with Swissco interim JMs to buy out 4 rigs

    The Business Times by TAN HWEE HWEE

    Singapore OILFIELD services provider Ezion Holdings is understood to be in final talks with the interim judicial managers (IJMs) of Swissco Holdings, to take over four rigs co-owned by joint ventures between the two parties at a total consideration… More

  • 18
    Feb

    UOB's increased loans to oil & gas a sign the worst has peaked

    The Business Times by SIOW LI SEN

    Singapore IN yet another sign that Singapore banks' oil and gas woes might have peaked, United Overseas Bank (UOB) has increased its lending to the sector by S$4.5 billion. The bank on Friday disclosed its latest exposure to the struggling oil and gas… More

  • 13
    Feb

    Banks have to take the lead in O&M consolidation: analysts

    The Business Times by TAN HWEE HWEE

    Singapore EZRA Holdings' massive impairment charges and a second merger deal in Norway to create the world's fourth-largest offshore support vessel (OSV) player are telling signs that consolidation is on the horizon in the offshore and marine (O&M)… More

  • 06
    Feb

    S'pore shipyards 'valued for expertise and track record'

    The Straits Times by JACQUELINE WOO

    Shipyards here remain prized for their expertise in shipbuilding despite the beaten-down market. That was why oil-trading giant Vitol chose to build its largest floating production, storage and offloading vessel here, said the company's Asia president… More

  • 31
    Jan

    China's Poly-GCL in talks with SembMarine for FLNG project

    The Business Times by TAN HWEE HWEE

    Singapore THE oil and gas business partnership between Chinese conglomerates Poly Group and GCL Group is in final talks with Sembcorp Marine (SMM) for the supply of a newbuild floating liquefaction plant (FLNG) towards the development of what may be… More

  • 30
    Jan

    Black & Veatch sets up regional hub in Singapore for oil and gas expansion

    The Business Times by TAN HWEE HWEE

    Singapore AMERICA'S privately owned Black & Veatch (B&V) is among the exceptional multi-disciplinary EPC (engineering, procurement and construction) contracting groups to have set up its regional hub for oil and gas (O&G) business in Singapore amid… More

  • 21
    Jan

    ASL Marine gets three-year breather from noteholders

    The Business Times by TAN HWEE HWEE

    Singapore NOTEHOLDERS of mainboard-listed ASL Marine on Friday voted in support of the proposed restructuring of the company's two medium term notes issuances, a move towards unlocking its cash flows for the purpose of riding the next sectorial upswing.… More

  • 19
    Jan

    Don't over-react to the prospects of sector-wide O&G recovery

    The Business Times by TAN HWEE HWEE

    AHEAD of the Year of the Rooster, some analysts have urged investors to wake up to the promise that resurgent oil prices may augur for listed counters in the oil and gas-driven sectors. OCBC's head of research Carmen Lee predicted "more upside than… More

  • 18
    Jan

    Vard shares up on new cruise ship order

    The Business Times by TAN HWEE HWEE

    Singapore NEWS of Vard Holdings' one billion Norwegian kroner (S$168 million) cruise shipbuilding order lifted shares in the yard group to an intra-day high of S$0.25 on the Singapore bourse on Tuesday, above a standing offer from its Italian parent,… More