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oil and gas sector
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.
June 01, 2023
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.
March 16, 2023
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
June 20, 2018
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.
October 20, 2016
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.
September 05, 2016
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.
June 13, 2016