Energy & Offshore
Embattled Noble seeks US$2.5b new loan to pay off old debt
It’s trying to refinance two credit facilities.
Embattled Noble seeks US$2.5b new loan to pay off old debt
It’s trying to refinance two credit facilities.
Struggling Noble Group kicked out of benchmark Straits Times Index
CapitaCommercial Trust will take its place.
Otto Marine clinches AUD94.8m OSV chartering deal
The chartering period is confirmed for five years.
Industry watchdog gives Noble a vote of confidence
Iceberg’s latest report shouldn’t worry shareholders.
Capex cuts, liftboat oversupply threaten to sink Ezion in 2016
Major oil players plan to further slash capex by 30%.
What should rig builders do if Sete Brasil flops?
Selling the rigs will be tough in this market.
Ezion’s FY15 earnings crash 83.6% to $51.7m
Absence of contributions from Australia projects weakened revenue.
Vard sinks into the red with $97m net loss in FY15
Blame it on loss provisions for projects in Brazil.
Vallianz’s FY15 net profit dips slightly to US$20.1m
Tax expenses dampened increases in revenue, gross profit.
Sembcorp launches $4.23b power complex in India
It houses two 1,320-megawatt coal-fired plants.
Noble Group sinks into the red with US$1.6b loss in FY15
Extremely low coal prices are to blame.
KrisEnergy posts US$48.6m FY15 loss as impairments, write-downs bite
Sales prices also dropped steeply.
PACC Offshore bags two contracts worth US$85m for five vessels
They’re long-term charters for Middle East clients.
Nam Cheong sinks to a net loss of RM22.2m in Q4
Blame it on cascading number of orders.
Kim Heng sinks into the red with $4.9m net loss in FY15
Blame the industry downturn.
A massive wave of asset impairments is about to hit Singapore’s O&G service providers
Listed companies stand to lose millions.
Analysts weigh in on Noble’s whopping US$1.2b write-down
The problem will get even bigger, says Iceberg.
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