oil and gas

SINGAPORE (Dec 8): The volatility in prices are representative of a structural rather than a cyclical change according to 70% of maritime leaders in Asia, according to data released by Sea Asia 2017.

SINGAPORE (Dec 8): Mermaid Maritime has entered into a mutual agreement with China Merchants Industry Holdings to terminate their construction contract for a dive support and construction vessel in light of the challenging oil and gas market.

SINGAPORE (Nov 11): Boustead Singapore reported a 26% fall in 2Q17 earnings to $7.6 million on the depressed state of the oil and gas industries impacting performance of the energy-related engineering division.

SINGAPORE (Nov 11): DBS is maintaining a “fully valued” call on offshore support vessel (OSV) and services provider Pacific Radiance with a target price of 12 cents, citing strong headwinds and deteriorating outlook.

SINGAPORE (Nov 9): CSE Global posted a 52.7% drop in earnings for 3Q16 to $4 million from a year ago on the back of lower revenue.

SINGAPORE (Nov 9): Hiap Seng Engineering announced a 25% drop in 2Q earnings to $918,000 from a year ago on higher cost of sales and lower profit margin.

SINGAPORE (Nov 3): UOB Kay Hian is maintaining its “overweight” recommendation on the Singapore banking sector after the three local lenders posted healthy results for 3QFY16, on the back of strong non-interest income.

SINGAPORE (Nov 2): UOB Kay Hian remains bullish on DBS Group, maintaining a “buy” call with a target price of $18.98, despite the bank’s exposure to the oil and gas industry.

SINGAPORE (Nov 1): The plunge in oil prices has reversed the fortunes of many players in the offshore and marine industry, ranging from rig builders and shipyards to services and support providers. But with oil prices beginning to recover, KGI analyst Joe

SINGAPORE (Nov 1): As Myanmar undergoes a democratic transition, three trends are emerging from its new investment landscape under the new government, says OCBC in a report, This includes the Myanmar Investment Law which could be a game changer for busine