oil and gas sector

MTQ triples earnings, seeks 'steady growth' from the traditional energy business - THE EDGE SINGAPORE

Oil & Gas

MTQ triples earnings, seeks 'steady growth' from the traditional energy business

For its FY2023 ended March 31, MTQ recorded earnings of $3.7 million — almost tripling its earnings of $1.3 million in FY2022.
Crane operator Tiong Woon rides post-pandemic growth cycle - THE EDGE SINGAPORE

Company in the news

Crane operator Tiong Woon rides post-pandemic growth cycle

Tiong Woon is poised to hitch its business to the pent-up growth of the construction as well as oil and gas sectors.

Crude Oil

Oil and gas deal appetite soars as portfolio optimisation spurs M&A

SINGAPORE (June 20): A majority 90% of oil and gas (O&G) executives expect the global mergers and acquisitions (M&A) market to improve in the next 12 months, up from 43% in Apr 2017, as 1H18 saw record-level dealmaking, according to the EY Oil & Gas Globa

Fed Beige Book shows ‘mostly positive’ outlook for US economy

(Oct 20): The US economy maintained a steady growth pace between late August and early October, as a tight labour market with nascent wage pressures contributed to a “mostly positive” outlook, a report from the 12 Federal Reserve districts showed.

Credit-crimped companies rise to most since 2009, S&P says

(Sept 5): You’d have to go back to the months following the financial crisis to find so many companies facing potentially ruinous debt problems.

Broker's Calls

Rising risks in Oil & Gas ‘manageable’ for Singapore banks, says Fitch

SINGAPORE (June 13): Singapore banks are well-placed to meet rising credit risks from ongoing stresses in the oil and gas sector, says Fitch Ratings in a report dated Sunday.
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