The oil and gas industry is one to pay attention to these days. As at Oct 13, WTI crude oil prices were trading at US$87.22, while Brent crude oil prices were at US$92.55.This is all thanks to Opec+ agreeing on Oct 5 to curb supply of oil production in an already tightly supplied market. Opec+ is a ...

REX International’s net profit for the first half of 2022 came in at US$6.04 million, plunging 78 per cent from its net profit of US$27.7 million a year ago.

UOB Kay Hian analyst Adrian Loh has maintained his “overweight” rating for the oil and gas sector, with most of Singapore’s oil-related companies performing well in 2021.A majority of Singapore’s diverse range of oil-related stocks in both upstream and downstream sectors generated strong pos...

UOB Kay Hian is reiterating its “buy” recommendation on oil production and exploration company Rex International, but with a lowered target price of 45 cents from 58 cents previously.This move by analyst Llelleythan Tan in his July 5 report was mainly due to a decline in production, as the group...

THE following companies saw new developments that may affect trading of their securities on Tuesday (Jul 5):

MAINBOARD-LISTED Rex International announced on Monday (Jul 4) that its wholly-owned subsidiary, Pantai Rhu Energy, has engaged GFI Securities’ Carlinford division as its exclusive mandated arranger of financing.

REX International’s 91.65 per cent subsidiary Lime Petroleum is paring its intended stake in 2 oil and gas (O&G) licences in the Norwegian North Sea to 30 per cent, from 40 per cent previously.

REX International on Wednesday (Jun 29) announced that the senior secured bond, worth 950 million Norwegian krones (S$134.2 million), of its 91.65 per cent-owned subsidiary Lime Petroleum has been fully subscribed.

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 29):

“We are excited to build on our reserves base and operating capabilities as we drive to unlock further value in our growing portfolio,” he adds.ABG Sundal Collier ASA was the sole bookrunner and manager of the bond issue.Shares in Rex International closed 1 cent higher or 3.64% up at 28.5 cents ...

PRE will mainly serve as a special purpose vehicle (SPV) for matters relating to the company’s development and production assets in Malaysia.PRE’s issued and paid-up share capital is a total of RM500,000 ($157,779) comprising 50 ordinary shares.The PSCs are related to the development and product...

INVESTMENT banker John d’Abo has joined oil production company Rex International as an independent director, the board said as it made new appointments on Wednesday (May 4).

Broström continues, “The Iving and Evra discoveries were made in 2019 and appraised in 2021. Hydrocarbons were encountered in five separate reservoir layers. The Norwegian Petroleum Directorate reports recoverable resources of 1.82 million Sm of oil equivalent or some 11.45 mmboe (or million barr...

REX International's subsidiary Lime Petroleum is set to acquire a 40 per cent interest in 2 oil and gas licences in the Norwegian North Sea from exploration company MOL Norge.

Other commodities like wheat and oil also saw spikes in prices after Russian President Vladimir Putin invaded Ukraine on Feb 24. Both Russia and Ukraine are major crop producers, accounting for a quarter of global wheat exports.On March 8, wheat prices climbed to their highest levels ever amid fears...