oil and gas

The price on the futures contract for West Texas crude that is due to expire Tuesday fell into negative territory -- minus $37.63 a barrel.

SINGAPORE (Jan 17): CSE Global, which provides engineering services to the oil and gas sector, suffered when oil prices slump and customers cut back their capital expenditure.

(Aug 21): Total SA has agreed to buy the oil and gas unit of AP Moller-Maersk A/S for US$4.95 billion ($6.75 billion), another sign that the pace of deals in the energy sector is accelerating after a long downturn.

SINGAPORE (Feb 3): OCBC advises investors to be nimble when investing in oil and gas stocks amid the uncertainties, but those with a longer-term horizon could consider accumulating on dips on their preferred picks.

SINGAPORE (Jan 12): Wood Mackenzie expects the oil and gas industry to show signs of recovery during the year, driven by a 3% growth in exploration and production spending to US$450 billion.

SINGAPORE (Jan 5): With the production cut announced by OPEC in November, RHB Research has forecast crude oil prices will average at US$60 a barrel for 2017.

SINGAPORE (Dec 8): The volatility in prices are representative of a structural rather than a cyclical change according to 70% of maritime leaders in Asia, according to data released by Sea Asia 2017.

SINGAPORE (Dec 8): Mermaid Maritime has entered into a mutual agreement with China Merchants Industry Holdings to terminate their construction contract for a dive support and construction vessel in light of the challenging oil and gas market.

SINGAPORE (Nov 11): Boustead Singapore reported a 26% fall in 2Q17 earnings to $7.6 million on the depressed state of the oil and gas industries impacting performance of the energy-related engineering division.