oil and gas (O&G)

Crude Oil

4 ways the O&G sector continues to face protracted soft conditions: Phillip

SINGAPORE (Apr 16): Phillip Capital is of the view that Singapore’s oil and gas (O&G) sector is facing an extended period of soft conditions.

Shareholders in Brazil demand Petrobras match US$3 bil US settlement

RIO DE JANEIRO (Jan 5): Brazilian shareholders of state-controlled Petroleo Brasileiro SA are petitioning a Brazilian court to be paid on similar terms as those given to US shareholders in a US$2.9

Broker's Calls

This bank stock is poised for another year of strong results

SINGAPORE (Dec 14): OCBC Investment Research is upgrading its call on DBS Group to “buy” with a higher fair value estimate of $27.40 based on 1.4 times FY18E book while projecting for the group’s e

M&A

Hai Leck's new Jurong Island project to boost FY18 order book by $28 mil

SINGAPORE (Oct 16): Hai Leck Holdings says it has been awarded a new project by an existing customer in Jurong Island.

Noble Group’s chairman is determined to avoid Lehman’s fate

(Sept 6): The Noble Group executive charged with restructuring the beleaguered commodity trader has no intention of getting embroiled in another bankruptcy.

Broker's Calls

Morgan Stanley initiates coverage on Singapore’s O&M industry with bearish view

SINGAPORE (Aug 25): Morgan Stanley Research has initiated coverage on Singapore’s offshore marine and utility segment with two “underweight” ratings and one “equal weight” call.  

Cambodia government and KrisEnergy seal terms for Cambodia Block A oil development

SINGAPORE (Aug 23): The Royal Government of Cambodia and KrisEnergy today jointly announced the signing of fiscal and technical agreements for the nation’s first oil field development in Cambodia B

Results

Civmec sees FY17 earnings halve to $8.4 mil on lower revenue

SINGAPORE (Aug 22): Civmec, the integrated construction and engineering services provider, announced earnings of $8.4 million for the full year ended June, down by half from the $17.4 million repor

Broker's Calls

OCBC ceases coverage on Kim Heng O&M on weak 2Q results

SINGAPORE (Aug 22): OCBC Investment Research is ceasing its coverage on Kim Heng Offshore & Marine as the offshore and marine (O&M) industry is not picking up enough to spur capital expendi

Results

KrisEnergy’s 1H net loss narrows to US$26.1 mil on higher sales and fair value gain

SINGAPORE (Aug 14): Oil and gas (O&G) explorer KrisEnergy reported a smaller 1H17 net loss of US$26.1 million ($35.5 million), down from US$45.2 million in 1H16.

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