oil and gas (O&G)

Oil & Gas

Indonesia’s next leader targets energy subsidies in first move

Prabowo’s government could fine-tune energy subsidies over the next two to three months after taking office in October.
Crude awakening for O&M players - THE EDGE SINGAPORE

Offshore & Marine

Crude awakening for O&M players

Memories of the 2015–1016 downturn linger but industry players and analysts believe the current upcycle still has legs.

Offshore & Marine

Singapore in record clampdown on tankers as dark fleet grows

The city-state has held 33 ships for failing safety inspections so far this year, the same as for the period from 2010 to 2019.
KGI upgrades CSE Global to 'outperform' on infrastructure prospects and recovery in O&G - THE EDGE SINGAPORE

Broker's Calls

KGI upgrades CSE Global to 'outperform' on infrastructure prospects and recovery in O&G

KGI has upgraded CSE with a higher target price of 61 cents from 52 cents previously.


CSE Global bags orders worth $230 mil in 4Q19, full year order wins lifted to $580 mil

Notably, $190 million of the orders in 4Q19 were secured by the group’s O&G sector. This brings the sector’s full year orders to $430 million, almost double that of $218 million in 2018.

Broker's Calls

Will potential white knight investor rescue Ezion from the red?

SINGAPORE (Mar 11): DBS Vickers Securities is reiterating its “hold” call on Ezion Holdings with a target price of 5 cents, which is based on 10 times FY20 fully-diluted earnings after lowering FY20 earnings forecasts by 45%.


CSE Global swings back into the black with 4Q earnings of $4.9 mil; proposes 1.5-cent final dividend

SINGAPORE (Feb 20): Technologies company CSE Global declared earnings of $4.9 million for the 4Q ended December, reversing back into profitability from its restated loss of $39.1 million due to improved margins.

Broker's Calls

CSE kept at 'buy' by UOB, RHB on stronger outlook with 4Q contract wins

SINGAPORE (Jan 16): UOB Kay Hian and RHB Research are reiterating their “buy” calls on CSE Global after the group announced it secured $84.8 million worth of infrastructure projects in 4Q18.


Keppel O&M subsidiary wins $30 mil contract from KrisEnergy

SINGAPORE (Nov 9): Keppel Shipyard, the wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has won a production barge upgrade contract worth about $30 million for the modification and upgrading of a production barge for KrisEnergy’s wholl