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Oil price surges after Opec action but shale could spoil the party
The Business TimesSingapore OIL-AND-GAS stocks on the Singapore Exchange (SGX) rallied on Thursday, after oil cartel Opec beat expectations by agreeing to cut output by 1.2 million barrels a day for the first six months of 2017. Non-Opec countries are expected to join in with another 0.6 million-barrel cut. Rig builders Keppel and SembMarine, liftboat provider Ezion and other struggling names like contractor Ezra, explorers KrisEnergy and Rex International, and ... Read More
Sing Swee Bee, Gabadi to enter small-scale LNGV market
The Business Times SINGAPORE'S largest cryogenic equipment provider has tied up with the first outfitter licensed by leading liquefied natural gas (LNG) tank technology provider, Gaztransport & Technigaz (GTT) to pursue construction and repairs of LNG vessels (LNGVs).This came within two months from IE Singapore's call on oilfield services companies to position themselves to tap opportunities in the adjacent LNG market.Private-owned Sing Swee Bee (SSB) and Spai... Read More