oil and gas

BANKS

Covid-19, oil price collapse to hit banks’ earnings as HSBC’s results show

SINGAPORE (April 30): When Hin Leong Trading filed for court protection on April 17, it emerged, in affidavits by its owner Lim Oon Kuin and his son Lim Chee Meng, that the local oil trader owed 23

Oil prices in negative territory for first time

Crude Oil

Oil prices in negative territory for first time

(Apr 21): Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s collapse in a key segment of U.S.

Stocks To Watch

CSE Global: Oil price recovery and infrastructure contract wins to drive earnings growth

SINGAPORE (Jan 17): CSE Global, which provides engineering services to the oil and gas sector, suffered when oil prices slump and customers cut back their capital expenditure.

Contracts

CSE Global secures 2 new oil and gas contracts in Americas region worth $103.7 mil

SINGAPORE (Oct 29): Technology solutions provider CSE Global has secured two new oil and gas project contracts worth US$74.7 million ($103.7 million) in the Americas region. 

M&A

Total to buy Maersk Oil & Gas for $6.8 bil in shares

(Aug 21): Total SA has agreed to buy the oil and gas unit of AP Moller-Maersk A/S for US$4.95 billion ($6.75 billion), another sign that the pace of deals in the energy sector is accelerating after

Broker's Calls

Dip your toes and test the waters when investing in O&G stocks, says OCBC

SINGAPORE (Feb 3): OCBC advises investors to be nimble when investing in oil and gas stocks amid the uncertainties, but those with a longer-term horizon could consider accumulating on dips on their

Investing strategy

Will the O&G industry see a recovery in 2017?

SINGAPORE (Jan 12): Wood Mackenzie expects the oil and gas industry to show signs of recovery during the year, driven by a 3% growth in exploration and production spending to US$450 billion.

RHB strategy for 2017

If nothing else, lower oil prices will boost overall sentiment in the Oil & Gas industry

SINGAPORE (Jan 5): With the production cut announced by OPEC in November, RHB Research has forecast crude oil prices will average at US$60 a barrel for 2017.

Crude Oil

70% of maritime leaders believe oil prices are undergoing a structural change

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 201

Mermaid Maritime terminates construction contract for dive support vessel

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

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