SINGAPORE (Aug 1): EMS Energy, the provider of engineering services to the oil and gas and marine industries, on Monday declared that it does not have any business dealing with Swiber Holdings.

This comes after Swiber’s shock announcement on July 28 that it was winding up its business had led investors of local oil and gas stocks to dump their shares over fears the industry is in worse shape than expected.

(See Oil & Gas companies hit by contagion fears after Swiber announces winding up)

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