oil & gas (O&G)

Analyst Adrian Loh has kept "buy" on RH Petrogas and "sell" on Rex International.

The congressionally mandated sale will amount to 26 million barrels of crude, according to people familiar with the matter.

Oil surged for a third day as the war in Ukraine neared the end of its first month with no conclusion in sight.

Technology solutions provider CSE Global says it has secured some $114.9 million of new orders in 2Q20, an 8.5% increase from the $105.9 million secured in 2Q19.

The investors, including Brookfield Asset Management Inc. and Singapore’s sovereign wealth fund, will buy a 49% holding in a new subsidiary for the pipelines from Abu Dhabi National Oil Co.

The new Saga Dawn liquefied natural gas tanker shuttling between Singapore and Humen in eastern China is a sign that the fastest-growing fossil fuel is permeating into markets once thought inaccessible.

“So far for us, there has been no material negative impact on our operations till March, but we are not sure how our order book and revenue will pan out from April onwards,” says CSE’s Managing Director.

Oil and gas is facing an unprecedented crisis. For an industry already troubled with low total shareholder returns (TSR) and investor flight, a Covid-19-induced demand drop of over 20%, more than 20m barrels per day, has been a body blow.

(Dec 2): You have heard it. Oil giant Saudi Aramco has begun the book-building exercise for possibly the largest IPO ever, given its plans to raise up to US$25.6 billion ($34.9 billion) from investors looking to participate in the most profitable company

SINGAPORE (Sept 11): Malaysia-based offshore support vessel (OSV) builder Nam Cheong expects to implement its sanctioned schemes of arrangement by this year, which would signal the “crossing of a key obstacle” in its ongoing restructuring exercise to