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Singapore

Monday, April 13, 2015

Singapore Oil & Gas News

Shale Oil Boom Could End in May After Price Collapse
Output from the prolific tight-rock formations such as North Dakota’s Bakken shale will decline 57,000 barrels a day in May, the Energy Information Administration said Monday. Deutsch Bank AG, Goldman Sachs Group Inc. and IHS Inc. have projected that U.S. oil production growth will end, at least temporarily, with futures near a six-year low. The plunge in prices has already forced half the ...

Oil prices, general elections weigh on Myanmar's economy
In an exclusive interview with Channel NewsAsia, Myanmar’s Union Minister for energy Zay Yar Aung weighs in on the impact of falling oil prices on this year's oil block auctions.

Oil prices edge up in Asian trade
SINGAPORE: Oil prices rose in Asia on Monday, extending last week's gains but the persistent global supply glut will likely cap advances, analysts said.



Saturday, April 11, 2015

Singapore Oil & Gas News

Ezra's Profit After Tax Falls 79% YOY to $4.7M in 2Q 2015
Singapore-listed Ezra Holdings Ltd., a contractor and provider of integrated offshore solutions to the oil and gas industry, posted $4.7 million in profit after tax (PAT) for the second quarter of financial year 2015 (2Q 2015) that ended Feb. 28, down 79 percent from last year's $22.1 million amid a volatile industry environment, the firm said in its quarterly results released Wednesday.



Thursday, April 9, 2015

Singapore Oil & Gas News

Baoli Bitumina Singapore plans to acquire small oil refineries in Russia
Baoli Bitumina Singapore, a joint enterprise of Baoli Asphalt and Bitumina companies, is planning to acquire small oil refineries in Russia's Far East, aimed to create a refinery grid.

KTL Plans to Hire More Staff for its Tanjung Langsat Facility in Malaysia
KTL Global Ltd.'s subsidiary KTL Offshore Pte Ltd., a Singapore-headquartered rigging equipment company serving the oil and gas industry, plans to hire more staff for its new manufacturing facility in Tanjung Langsat, Johor, Malaysia this year, a company executive said during a media briefing Tuesday.

LNG, oil tankers diverted from Yemen amid turmoil: sources
By Jessica Jaganathan and Jacob Gronholt-Pedersen SINGAPORE (Reuters) - At least four oil and natural gas tankers that were headed to Yemen have been diverted as chaos mounts in the country after the launch of Saudi-led air strikes last month, according to industry sources and ship tracking data. Fighting in Yemen is scaring off shippers and has forced the country's liquefied natural gas (LNG ...



Wednesday, April 8, 2015

Singapore Oil & Gas News

E&P earnings to see contraction in Q1
SINGAPORE, April 8 (Bernama) -- Moody's Investors Service says the fall in crude oil prices in the first quarter of this year will be credit negative for upstream exploration and production of oil companies globally.

LNG, gasoil shipments diverted from Yemen amid turmoil -sources
SINGAPORE, April 9 (Reuters) - At least four oil and natural gas tankers that were headed to Yemen have been diverted as chaos mounts in the country after the launch of Saudi-led air strikes last month, according to industry sources and ship tracking data. Three liquefied natural gas (LNG) tankers, Provalys, STX Kolt and Grace Acacia, were headed towards Yemen's LNG export terminal in Balhaf ...



Monday, March 30, 2015

Singapore Oil & Gas News

Research and Markets: Asia Pacific Oil and Gas Industry Research Guide (Q2 2015) - Falling Oil Prices Provide ...
Research and Markets has announced the addition of the "Asia Pacific Oil and Gas Industry Research Guide (Q2 20






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