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IN THE NEWS

UOB's increased loans to oil & gas a sign the worst has peaked

IN yet another sign that Singapore banks' oil and gas woes might have peaked, United Overseas Bank (UOB) has increased its lending to the sector by S$4.5 billion. The bank on Friday disclosed its latest exposure to the struggling oil and gas sector following the release of its fourth- quarter earnings, which fell 6.2 per cent to S$739 million. The results were better than expected; UOB surprised...


Banks have to take the lead in O&M consolidation: analysts

EZRA Holdings' massive impairment charges and a second merger deal in Norway to create the world's fourth-largest offshore support vessel (OSV) player are telling signs that consolidation is on the horizon in the offshore and marine (O&M) sector. Observers noting that the government aid released catered mainly to the broader O&M sector, further argued that bank lenders have to lead by writing dow...


S'pore shipyards 'valued for expertise and track record'

Shipyards here remain prized for their expertise in shipbuilding despite the beaten-down market. That was why oil-trading giant Vitol chose to build its largest floating production, storage and offloading vessel here, said the company's Asia president Kho Hui Meng. Singapore has the expertise and the capabilities in shipbuilding and conversion works. And it has a good track record in delivering...


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TRADE EVENTS


 

5TH SARAWAK OILS & GAS EXPO (SOGEX 2017)

About The Event
Sarawak Oil & Gas Expo (SOGEX) is the industry event for oil and gas professionals in the region. This international event is projected to bring together in 2017, more than 3000 industry professionals to address the strategic, operational and technology aspects of the oil and gas industry in Sarawak.

The International Character of SOGEX 2017 offers you:
- The ideal platform to explore new oil and gas business opportunities
- Expand your market presence and penetrate emerging markets in Sarawak
- Raise the profile of the oil & gas industry within the region
- Meet prospective new employees
- Offer an opportunity to engage with the oil and gas industry
- Explore new oil and gas business opportunities
- Provide a platform to debate and discuss key issues affecting the oil and gas industry

Fact and Latest News of Oil and Gas Industry in Sarawak:
The oil and gas (O&G) sector is expected to undergo a revitalisation with the signed production sharing contracts (PSCs) for the use of enhanced oil recovery (EOR) technologies between Petroliam Nasional Bhd (Petronas) and Shell Malaysia Ltd (Shell) in two oil field projects offshore East Malaysia. The contracts, with an investment of US$12 billion (RM38 billion) over 30 years, it would cover nine oilfields in the Baram Delta off Sarawak and four fields in the North Sabah development area.

SARAWAK WANTS TO MAXIMISE ITS OIL AND GAS SECTOR’S CONTRIBUTION BINTULU: 
Sarawak wants to maximise its oil and gas sector's contribution to the state economy by making Bintulu a petro-chemical hub in Malaysia.
Chief Minister Tan Sri Adenan Satem said to do it, Sarawak will be intensely involved in developing the high-value downstream products of oil and gas industry such as specialised and fine chemicals.

Please log on to www.oilgasexpo.com for more information. For booking or enquiries, please contact Eugenie at +603 6150 8952 or email to eugenie@worldexasia.com

 

Asia Pacific Maritime (APM)

Attended by over 15,000 owners, builders, procurers and end-users of industry products, and services, Asia Pacific Maritime (APM) is recognised by industry professionals as the premier shipbuilding & marine, workboat and offshore event in Southeast Asia to expand business connections, raise brand awareness and to launch new market products and services.
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