Offshore and Marine (O&M)

SINGAPORE (Sept 14): Keppel Corporation is looking into diversifying and repurposing its offshore technologies by introducing, among others, an offshore aquaculture facility.

SINGAPORE (Sept 14): CIMB Research is maintaining its “neutral” call on the local offshore & marine (O&M) sector after Seadrill filed for Chapter 11 restructuring in the US.

SINGAPORE (Sept 11): Most offshore and marine (O&M) industry observers expect shipyard orders to start surfacing in 2H17, says UOB Kay Hian.

SINGAPORE (Aug 25): Morgan Stanley Research has initiated coverage on Singapore’s offshore marine and utility segment with two “underweight” ratings and one “equal weight” call.  

SINGAPORE (Aug 22): OCBC Investment Research is ceasing its coverage on Kim Heng Offshore & Marine as the offshore and marine (O&M) industry is not picking up enough to spur capital expenditure in the oil & gas sector.

SINGAPORE (Aug 1): PACC Offshore Services reported a second straight quarter of losses for FY17, registering a loss of US$9.1 million ($12.4 million) for 2Q17 compared to a loss of US$17.5 million posted a year ago.

SINGAPORE (June 30): RHB is maintaining its “buy” call on local conglomerate Keppel Corporation with a lower target price of $7.34 compared to $7.55 previously, after adjusting its discount rate and valuation for Keppel Land, Keppel Capital, and the o

SINGAPORE (June 8): Pacific Radiance announced Thursday that it has been granted $85 million in loans under two government-backed financing schemes to help tide over the prolonged offshore and marine (O&M) industry downturn.

SINGAPORE (May 23): Vallianz Holdings has secured long-term charter contracts valued at up to a total of US$115 million ($160 million) for four vessels, which were awarded by as two offshore marine services companies based in Egypt and Turkmenistan respec

SINGAPORE (May 22): Vallianz Holdings, the provider of offshore support vessels (OSVs) and integrated offshore marine solutions to the oil and gas (O&G) industry, announced losses of US$159.4 million for the 15 months ended March 31, compared to FY15 ende