oil & gas (O&G)

Oil & Gas

Oil surges as Ukraine war tightens supply, tensions in the Middle East rise

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

Contracts

CSE Global secures $114.9 mil in new orders for 2Q20

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.

Oil & Gas

Singapore's GIC part of consortium to buy Abu Dhabi's stake in natural-gas pipelines for $14.08 bil

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.

Oil & Gas

A new breed of gas ships emerges to capture growing markets

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.

Oil & Gas

New order growth may slow but CSE Global to enjoy support from 'essential' contracts

“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 & Gas

Oil and gas in crisis: Staying resilient, building sustainable success

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.

Malaysia

All eyes on the 'Aramco effect', post IPO

(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

Nam Cheong says worst is now over with expected O&M recovery and restructuring initiatives

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

Results

Gaylin's FY18 loss widens to $51.6 mil on inventory provisioning

SINGAPORE (May 28): Gaylin Holdings, the specialist provider of products, services and solutions to the oil & gas (O&G) and maritime industries, saw 4Q losses widen to $44.4 million from a loss of $6.2 million a year ago due to higher provision for slow-m

Malaysia

Oil money might help Mahathir fund Malaysia's budget without GST

(May 17): A promise to scrap the goods-and-services tax helped Prime Minister Mahathir Mohamad win an election that led to Malaysia’s first change in government since independence.
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