Pertamina

A timely restart for GSS Energy

SINGAPORE (Oct 14): With the benefit of hindsight, Sydney Yeung, CEO of GSS Energy, was glad that an earlier agreement to produce oil in Indonesia fell through.

In 2015, GSS’s joint venture company had been given a contract by an Indonesian village to drill and produce oil. However, the village became embroiled in a dispute with state-owned oil major Pertamina, from which it had obtained rights to give out the contract.

One-tanker Indonesian subsidiary does little for Ezion’s profits: OCBC

SINGAPORE (Sept 16): OCBC Investment Research is maintaining its “hold” call on Ezion Holdings with an unchanged target price of 30 cents, with the view that the group’s recent acquisition of an Indonesian shipping company has “little impact on earnings estimates for now”.

(See also: Inflexion point ahead for Ezion)

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