Oil - Service, Equipment, Pipelines etc

Re: Oil - Service, Equipment, Pipelines etc

Postby behappyalways » Fri Apr 21, 2017 1:50 pm

World's top rig builder Keppel says no rescue in sight for offshore oil services
http://www.cnbc.com/2017/04/20/keppel-s ... -away.html
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Re: Oil - Service, Equipment, Pipelines etc

Postby behappyalways » Tue May 02, 2017 8:52 am

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Re: Oil - Service, Equipment, Pipelines etc

Postby behappyalways » Thu May 18, 2017 4:17 pm

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Re: Oil - Service, Equipment, Pipelines etc

Postby behappyalways » Tue Jun 13, 2017 4:14 pm

(10% value???? US9.6m/(US33m x3))

Kim Heng Offshore & Marine has acquired three 10,800 bhp Anchor Handling Tug/Supply (AHTS) vessels for a consideration of US$9.6 million ($13.3 million).

Kim Heng O&M acquires 3 AHTS vessels from Swiber for $13.3 mil
http://www.theedgemarkets.com.sg/kim-he ... er-133-mil
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Re: Oil - Service, Equipment, Pipelines etc

Postby behappyalways » Mon Jul 31, 2017 1:28 pm

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Re: Oil - Service, Equipment, Pipelines etc

Postby behappyalways » Wed Aug 02, 2017 11:51 am

28% of Offshore vessels currently laid up
http://www.hellenicshippingnews.com/28- ... y-laid-up/
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Re: Oil - Service, Equipment, Pipelines etc

Postby behappyalways » Sun Aug 13, 2017 3:25 pm

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Re: Oil - Service, Equipment, Pipelines etc

Postby winston » Sun Sep 24, 2017 4:59 am

Malaysia: Oil and gas shares back on investors’ radar

by Intan Farhana Zainul

This week, several O&G service providers made into the top volume list, as the price of oil heads for its third weekly gain.

Counters such as Petra Energy Bhd, Sapura Energy Bhd, Carimin Petroleum Bhd, Deleum Bhd
and Dayang Enterprise Holdings Bhd
have been on the uptrend since September on the anticipation of more projects for the industry.

Interestingly, financially troubled O&G companies such as Alam Maritim Resources Bhd
and Perisai Petroleum Technologi Bhd
are also seeing traction in their share price movement.

Both companies are currently in the midst of restructuring their debts.

Shares in Alam Maritim rose 31% to 21 sen since the beginning of the year, while Perisai is up 37% to 5.5 sen this week.

“All the negativity in the sector has been priced in and we believe that the sector has reached its bottom,” says a broker.

Also, there is talk in the market that there are potential maintenance contracts worth RM6bil that will be dished out by Petroliam Nasional Bhd (Petronas).

According to sources, the maintenance, construction, and modification (MCM) contracts by the national oil company have been long overdue.

“There has been pre-award meeting by Petronas with five to six shortlisted candidates for MCM jobs throughout Malaysia including in Sabah and Sarawak,” a source says. These contracts are typically meant for Petronas rigs that extract oil and gas.

Meanwhile, Maybank IB Research reckons that the O&G sector has bottomed out and is on a cyclical recovery.

It adds that the Petronas’ RM60bil capex commitment for 2017 is positive and the sector is slowly seeing a revival in upstream activities, such as drilling work.

Contrarian views

“There are still not enough signs of investment beginning to return, and that raises the risk of tightening of the market in the next five years and a risk to the stability of oil prices,” Neil Atkinson, head of the IEA’s oil markets and industry division, said recently at a conference in Bahrain.

Some local equity analysts remain bearish on the overall outlook of the sector and they are more upbeat about the prospects of downstream companies.

The downstream sector of the O&G industry involves the refining of crude oil and natural gas, as well as marketing and distribution of products from crude oil and natural gas.

Source: The Star

http://www.thestar.com.my/business/busi ... AxgXS8t.99
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Re: Oil - Service, Equipment, Pipelines etc

Postby winston » Tue Oct 10, 2017 8:10 am

These red-hot stocks could rise another 400%

by Justin Spittler

Oil has jumped 23% since June…


UBS just upgraded several major oil services companies…


Demand for oil is picking up. Earlier this month, the International Energy Association (IEA) raised its global oil demand by 100,000 barrels per day (bpd). It did this due to “stronger than expected” demand in the U.S. and Europe.


VanEck Vectors Oil Services ETF (OIH), which invests in 26 large oil services companies.


OIH is down 56% over the last three years, while some individual oil services stocks are down more than 80%. These stocks would need to soar 400% just to reach their 2014 highs.


Source: Casey Daily Dispatch

http://thecrux.com/these-red-hot-stocks ... other-400/
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Re: Oil - Service, Equipment, Pipelines etc

Postby winston » Fri Oct 13, 2017 2:24 pm

Vested in OIH

The SPDR S&P Oil & Gas Equipment & Services ETF (NYSEARCA:XES) is as its name implies, an ETF that tries to track the U.S.-listed companies that provide drilling and related goods to the oil and gas industry.

And for much of that industry, this has been a tough market. And it shows in the ETF’s returns. It’s down nearly 25% year to date, down some 25% over three years, down over 12% over five years and down nearly 8% over the past ten years.

That means that for those in this ETF, it’s been more than painful. And worse, as the simple S&P 500 index has churned out positive returns for the same periods of time.

The oil and gas market is in a glut in the U.S. And that glut is shared on the global petroleum market. Crude remains in the low $50 range and natural gas has struggled in the $2 to $3 range barely making it profitable for many existing fields let alone new exploration.

This has resulted in a plunge of oil rigs in the U.S. down some 55% from this time in 2014 to only 750 rigs. And off-shore there’s a glut of existing rigs with only 22 currently in operation.

And the trend is now hitting the shale fields with the third quarter showing only a minor uptick in rigs by 6% vs the steady quarterly increases averaging around 20% for the prior four quarters.

So, if you’re a company in this business, it’s cut-throat competition in price and service just to stay in business. That’s not a compelling draw to invest.

And sure, plenty of folks might be hoping for sustained higher petroleum prices — but with so much overcapacity, the market for equipment and services will need a whole lot more demand just to begin to turn the corner.

Source: Investor Place
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