Pacific Radiance

SINGAPORE (Sept 7): Pacific Radiance says subsidiary Pacific Crest has reached a settlement agreement with Shanghai Waigaoqiao Shipbuilding & Offshore Co and China Shipbuilding Trading Shanghai Co on Tuesday.

SINGAPORE (Sept 7): DBS Group Research is raising its oil price forecasts by US$10 per barrel to between US$45 and US$50 per barrel for FY16 and between US$50 and US$55 for FY17. This comes after sentiment on the oil market turned positive in May.

SINGAPORE (Aug 13): Pacific Radiance has reported a net loss of US$57.7 million ($77.7 million) for 2Q16, compared with earnings of US$2.2 million in 2Q16.

SINGAPORE (Aug 10): Pacific Radiance has issued a clarification regarding the provision of $10.1 million for doubtful receivables for services rendered to the related entities of Swiber Holdings.

SINGAPORE (July 28): Swiber Holdings' shock announcement that it was winding up its business led investors of local oil and gas stocks to dump their shares over fears the industry is in worse shape than expected.

SINGAPORE (June 14): UOB Kay Hian is maintaining its “hold” call on Pacific Radiance with target price of 37 cents even as the group enters into arbitration proceedings for two PSV shipbuilding contracts.

SINGAPORE (June 13): Offshore vessel operator and subsea service provider Pacific Radiance on Monday announced that its wholly-owned subsidiary, Pacific Crest, has issued two notices of arbitration.

SINGAPORE (June 3): Following Otto Marine’s June 2 announcement that it might receive an acquisition offer from a yet-to-be-named party, CIMB has drawn up a list of other names in the offshore and marine space that will likely figure in various other co

SINGAPORE (May 17): Singapore offshore stocks are moving up, with rig builder Sembcorp Marine leading the pack. The stock is up 7.8% to $1.64 apiece at 3.30pm from its closing the previous day, followed by its peer Keppel Corporation, which is up 5.4% to