Active oil, gas sectors lift Ezra Q1 profit to S$188m – Channel News Asia(Oil and Gas News)
The September to November quarter result is 40 times more than the same period a year ago. Ezra benefited from higher charter rates as a result of expansion in the oil and gas industries. There was also an exceptional gain of S$198 million from its partial divestment of a 39 per cent stake in Oslo-listed EOC. Looking ahead, Ezra said it’s optimistic about opportunities in the offshore oil and gas industries. It is also expanding coverage beyond markets in South-east Asia to include Africa, Brazil and Europe’s North Sea. read more
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