offshore and marine

The long-term fundamentals for the offshore oil and gas (O&G) industry remain sound.

Marco Polo Marine successfully weathered the O&G crisis in 2017

As at April 30, the group has 19 vessels with an average age of around 7.8 years in its fleet.

Keppel expects to receive at least US$352 million for all three rigs between 2022 and 2023

Keppel maintains its right to sell the vessels.

SINGAPORE (March 21): Maybank Kim Eng Research believes profits for all three of Singapore’s main banks may fall by 3-8% this FY17E, given the estimated $217-748 million of total claims and borrowings to the beleaguered oilfield services firm, Ezra Hold

SINGAPORE (March 20): UOB KayHian says it is keeping to its conservative 2017 earnings forecast for Singapore’s banking sector, which is 6% below consensus estimates for DBS and 7% below consensus estimate for OCBC. 

SINGAPORE (March 10): UOB Kay Hian says clear survivors to the offshore and marine industry downturn are steadily emerging.

SINGAPORE (Jan 6): Deutsche Bank Markets Research is raising its target prices for Keppel Corporation, Sembcorp Industries, and Sembcorp Marine for 2017, ahead of what could be a better year for the offshore and marine sector.

SINGAPORE (Dec 22): Maybank Kim Eng has maintained its “negative” rating on the Singapore offshore and marine sector, even as the Organization of the Petroleum Exporting Countries announced a production cut to stem falling oil prices.