Swiber Holdings

SINGAPORE (Aug 5): There's so little banks get right these days, it's hard to pinpoint the one thing they might have got wrong. But with Singaporean lenders, the task is relatively easy.

SINGAPORE (Aug 5): Scheduled to be released on Aug 8, the earnings report from DBS and comments from CEO Piyush Gupta on what is happening in the offshore and marine (O&M) sector will be closely watched.

SINGAPORE (Aug 2): DBS Group Holdings, Singapore's biggest bank, made two loans to oil and gas services firm Swiber Holdings totalling US$146 million ($196 mil) weeks before the company filed for liquidation, according to court documents seen by Reute

SINGAPORE (Aug 2): The Singapore High Court will hear Swiber Holdings’ application to go into judicial management in Chamber 4B at 5pm today on Tuesday.

SINGAPORE (Aug 1): Bearish bets on offshore marine services provider Ezra Holdings jumped close to the highest in a year as the failure of smaller rival Swiber Holdings heightened concerns for the financial health of companies in the oil industry.

SINGAPORE (Aug 1): Vallianz stock surges as much as 27.3% in early trade, before paring some of those gains, likely in part due to Swiber Holdings’ latest announcement.

SINGAPORE (July 29): Swiber Holdings’ abrupt failure, just weeks after paying down some debts, flags the uncertain fate of investors in $460 million of bonds that the offshore oil and gas services company has yet to honour.

SINGAPORE (July 29): Some of Swiber Holdings’ lenders are pushing for the offshore oil and gas services group to continue its business rather than pursue its plans for liquidation to meet creditor demands, according to people familiar with the talks.

SINGAPORE (July 28): DBS Group Holdings, Singapore's biggest lender, said it expects to recover about half of its total exposure of $700 million to Swiber Holdings, the oilfield services provider that filed to wind up operations.