Value Chain
Oil Companies / Exploration & Production
Recently there are also many smaller Oil & Gas E&P companies listed in SGX. They are Loyz Energy, RH Petrogas, Interra Resources, Linc Energy, Kris Energy, Ramba Energy, Mirach Energy etc
Rigs
If viable, they will survey and develop the fields and later require Oil rigs to drill and extract the oil. E.g. of Rigs operator and owners are Ezion, Transocean, Noble Drilling, Seadrill, CNOOC etc. To be honest, Ezion is more like a bare-boat charter of rigs, which means without crew. Also Ezion owns mainly specialized Liftboats which are not drilling vessels but more for well-intervention and
maintenance of wells.
FPSO
The extracted crude oil can be process and store by an FPSO (floating production storage offload). There is only one FPSO owner in Singapore which is Ezra. Bumi Armada is listed in Malaysia while, SBM, BW Offshore, Modec etc are international players. In the whole oil developments process, there will be oil wells, valves, pipings and all sorts of construction works in the seabed. Normally, all this construction work will tender to various EPC (Engineering Procurement Construction) companies. EPC or Construction companies in Singapore include Swiber and Ezra. In Malaysia, you can find SapuraKencana, while Technip, Subsea 7, McDermott etc are international players.
Subsea
The water depth is a consideration for the type of vessels and equipment to use. The deeper it goes, the more complicated the technology, which means that older vessels need to be replace or upgraded. This also gives more opportunity for companies who are in the subsea segment. Brazil and Gulf of Mexico are regions where Oil and Gas are booming with many discoveries of deeper oil wells. E.g. of Singapore companies focusing on subsea are Kruez subsea which was recently sold off by Swiber and Mermaid Offshore Services listed in SGX.
Yards
The Rigs or Drilling vessels and FPSO operators upon higher utilization demand for their vessels, will start to build new ones. The Rigs will be built in Keppel Fels, Sembcorp PPL or Jurong, Cosco etc. FPSO is normally converted from Oil Tankers and one of few largest in the world is Keppel Shipyard and Jurong. For newbuild FPSO, it is normally built in Korea yards like Hyundai, Daewood, Samsung etc. Then there is STX OSV who focus on building complex specialize Offshore vessels and Triyards which is a subsidiary of Ezra who typically built Liftboats for Ezion.
Rig Speculators “owner but not operator”
Please note that some company will build a Rig first, and then hope to sell it sometime down the road, because a Rig typically takes 32months or more to build. This is called Speculation!!! These companies are like traders of Rigs. We must note the difference between “operators that own the Rigs for operational projects with their own crew” Vs “speculators who own the Rigs now and then sell it later or charter to Rig operator”.
Similarly, building an Offshore Vessel is much more complicated than building traditional Shipping or Merchant vessels like those of NOL.
Offshore Support Vessels (OSV)
For every Rig/ FPSO or EPC Construction project, they will require several offshore support vessels (OSV) or Construction vessels to complement the offshore work or to provide supplies of food, equipment, accommodation etc. OSV are typically PSV (Platform supply vessels), AHTSV (Anchor Handling Towing Supply Vessels, Maintenance Accommodation Vessels, Offshore Construction Vessels, Diving Vessels etc. E.g. are Ezra, Swiber, Nam Cheong, Pacific Radiance, ASL Marine, Mermaid Offshore, Jaya, Vallianz, Swissco, Marcopolo, Otto Marine, Falcon Energy, CH Offshore etc.
Most of these companies both own ships for chartering as well as yards for building new vessels, yards for maintaining their own vessels.
Equipment Suppliers
All the rigs, FPSOs or OSV will require lots of equipment. E.g. FPSO require topsides or modules which are mainly built in Dyna-Mac. Rigs require jacking and mooring systems which are provided by Baker Tech.
Rigs have Blow Out Preventer which are serviced by MTQ. MTQ also serviced Engines and provide subsea services of ROV after acquiring an Australian company Neptune. Then there are wire rope and anchor suppliers like Gaylin, KTL Global, Teho etc. There is many other equipment supplier in the Offshore industry like Mencast, Viking Offshore, Heatec Jietong, KS energy etc.
*SGD Listed companies are bold.
Hi Rolf,
First time posting a comment on your blog.
I actually like to read the very old posts of blogs as quite often, there are many gems like this one. I believe that a blogger's initial posts are some of his best and it's quite sad that they are written when readership is low. =p
My qualitative understanding of the O & G/Offshore & Marine sector is pretty weak even though I own a few stocks that you mentioned. Learnt quite a fair bit from this article.
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Hi 15HWW,
Thanks for the comments. Your analogy is very true. The first few blogs are most original and one of the best!
I am no gurus in stocks but having worked in O&G for more than 10 years, I do know a bit about the sector! Pls focus on the facts I write and ignore my views if it is not applicable. Also do correct me if anything wrong you discover. 🙂 if you need any info, do email me. I will try my best to share.
I read your blog too! I feel that you put in so much effort in it, and really commendable. Comments are meant to differ, we learn, but what your blog evolve is your feelings and emotions! It is so you (non-pretentious) and so original. I like it a lot. Keep up the good work and let's learn from each other to improve ourselves!
Cheers, Rolf
Hi Rolf,
You are too humble. Spent the last hour or so reading through the posts and have only got to early June. Yet, I feel I have learnt quite a bit. =)
I think you also put in quite a bit of effort in your posts and I am impressed by some of your analyses.
Have added your blog to my blogroll as I feel my readers will benefit from your insights too. Many people like to invest in the O & G sector (one of the success stories of SG) but might not have the remotest idea of how the industry works.
I have a friend who works as an accountant at one of these O & G firms and I have learnt quite a bit from him. It's hard to beat when you're working in the sector. =)
Hi 15HWW,
Heartfelt appreciation for the kind words and especially your time. 🙂
Thank you, thank you, thank you!
By the way, I added you in my blogroll too.
Have a splendid day and week ahead.
Cheers, Rolf
Urban Aero Systems is also engaged in Aero Boats and Flight simulators, assembly and marketing.
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This blog is not about Stock picking but more on understanding the business and value of Stocks. marine blue launch
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[email protected]
We have a direct genuine provider for BG/SBLC specifically for lease, at leasing price of 4+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.
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Email:[email protected]
Skype ID: johnson.hatton007
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What exactly do you need?
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Name Of Loan Firm: Wema Sundas Loan Investment,
Name of the CEO: Mrs Wema Sundas,
Name Of Personal Assistant: Mr Primo Samakard
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First let me say thank you DR.SANDY to the Resolve team for their tremendous support throughout this whole ordeal! I will tell you that even though I felt much better with signs and symptoms 16 days post detox, I still tested positive in March or this year and was disappointed, but after talking to the resolve team and uncovering that the thousands of dollars I wasted on herbal suppressants to burry the virus probably made it more difficult to eradicate. The resolve team suggested additional product I immediately shipped the (20 day booster detox) and immune booster. I followed their recommendations to the letter. More viruses came out of my body! I had more clearing symptoms. Resolve told me to get the PCR HSV 1 & 2 and the western Blot Elisa HSV 1& 2 blood tests at 4 to 6 weeks post booster. I think I waited 7 or 8 weeks to be sure. Well I went to my Dr.SANDY and he wrote out the script on the orders. As a matter of fact she had to add those tests, as they were not standard protocol on the order form. I went to the lab company and drew the blood. It took a while but I called TODAY and the nurse that answered the phone said that they had gotten the results earlier and the Dr.SANDY signed off so he could tell me the results. Both tests came back NEGATIVE, NEGATIVE. Best day of my life in years. All I can say, is that upon individual situations, it may take longer to rid the virus from some people. Mine was 6 months. Yes, I will post the results very soon as I am going to the Dr.Sandy. office to get a hard copy of the results. This is for real, I would not lie. Now, for the rest of my life, there is a happy ending after all. Billy,and Dr.Sandy have den it for me and my family so happy now Email
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Are you an individual businessman or a business organisation that wishes to expand in business ??, we offer financial instrument such as BGs, SBLCs,MTNs, LCs, CDs and others on lease and sales at a rate of 4%+2% of the face value and reasonable conditionfrom a genuine provider. You are at liberty to engage our leased facilities into trade programs as well as in signatory project(s) such as Aviation, Agriculture, Petroleum, Telecommunication and any other project(s) etc.
Email:~ [email protected]
[email protected]
Skype ID:contact.firstchoice
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BROKERS ARE WELCOME & 100% PROTECTED!!!
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Email:~ [email protected]
[email protected]
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Hello Everyone, i am DAVID HILL MILLA now living in FLORIDA. I am SINGLE DAD, at the moment, two children and I was struck on the financial situation and need to refinance and pay for my son's medical bills and school fees. I tried looking for different loan lending companies and private corporation but never got a loan from them, and most banks reduced their credit. But as God would have it, I was introduced to the private loan lender JULIA NAVARO CEO NAVARO LOAN COMPANY and I got the loan amount ($553,760 USD), and today I am a business owner, and the kids are doing well at the moment. So, my dear friends, if you need to contact referring to all the companies that provide the loan at low interest rate of 2% and better repayment plans and schedules, please contact (JULIA NAVARO) at [email protected]. I'm so happy now, and I decided to let people know more about it, she offers all kinds of loans to individuals and company, and I want God to bless her. You can contact the company via e-mail ([email protected])….
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Dear sir / ma
We offer
Fresh Cut BG / SBLC, MTN Specifically for Lease @ (3.0 + 0.5 + X)%. Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected We are direct to a provider for BG/SBLC specifically for lease, at leasing price of (3.0 + 0.5 + X)% of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.
Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding: For further details contact us with the below information.
Contact : Mr. Benard butty
Contact: [email protected]
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We are Ireland based major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale.We are one of the leading Financial instrument providers with offices all over Europe.
we always deliver on time and precision as Set forth in the agreement. You are at liberty to engage our leased facilities into trade programs, project financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.) as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed, Our Terms and Conditions are reasonable.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
2. Total Face Value: 10M MIN to 50B MAX USD or Euro
3. Issuing Bank: HSBC, Deutsche Bank Frankfurt, UBS or any Top 25 .
4. Age: One Year, One Day
5. Leasing Price: 4+ 1%
6. Sale Price: 32+2%
7. Delivery by SWIFT .
8. Payment: MT103-23
9. Hard Copy: Bonded Courier within 7 banking days.
If you have need for Corporate loans, International project funding, etc. or if you have a client that requires funding for his project or business, We are also affiliated with lenders who specialize on funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
Inquiries from agents/ brokers/ intermediaries are also welcomed; do get back to us if you are interested in any of our services and for quality service.
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E-mail : [email protected]
Skype id :[email protected]
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Welcome to the future! Financing made easy with Dr. Everett Cooper.
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DO YOU NEED A LOAN? Are Financially down, Cry no more, Financial problem is nothing to cry about, it something we will have to fight against in one Love, Understanding, Trust and Unity. So our faith as Legitimate Financial Consultants is putting an end to the financial hardship. We are investors providing financial services and we specialize in both start up projects,Home Finance and existing businesses needing funding or Loan for expansion. We are committed to helping businesses develop and succeed.Do you have a low credit score and you are finding it hard to obtain capital loan from local banks and other financial institutes? Do you need an urgent loan to buy a house? If Yes worry no more for we are out here to help the less financial privileges get the loan they need to get back on their feet no matter your credit score, you can say goodbye to all your financial crisis and difficulties. We offer loans ranging from ($5,000.00.USD To $500,000,000.00.USD) At a low and affordable interest rate of 2%, without collateral and without credit check. Bradley Louis Loans holds all of the information about how to obtain money quickly and painlessly ([email protected]) Text/Call (917) 383-2689
Need emergency funds? Apply now and get your cash approval. we offer the following financial services:
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And many more.
Are you looking for genuine loan? contacting the right company for legitimate loan lender have always been a huge problem to clients who have financial problem and in need of solution to it at an affordable interest rate? Are you in any financial mess or do you need funds to start up your own home project and real estate development? Do you need a loan to start a nice small or large scale and medium business?
contact us today ([email protected]) Text/Call (917) 383-2689
Look forward to your response,
Dr. Bradley Louis
Text/Call (917) 383-2689
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Do you need Personal Loan?
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Contact Us At : [email protected]
Phone number :+91-9818603391 (Whatsapp Only)
LOAN SERVICES AVAILABLE INCLUDE:
================================
*Commercial Loans.
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LOAN APPLICATION FORM:
=================
Full Name:…………….
Loan Amount Needed:.
Purpose of loan:…….
Loan Duration:..
Gender:………….
Marital status:….
Location:……….
Home Address:..
City:…………
Country:……
Phone:……….
Mobile / Cell:….
Occupation:……
Monthly Income:….
Contact Us At [email protected]
Phone number :+91-9818603391 (Whatsapp Only)
My name is Sara Johnson, I live in california U.S.A and i am a happy woman today? I told my self that any Loan lender that could change my Life and that of my family after been scammed severally by these online loan lenders, i will refer any person that is looking for loan to Them. he gave happiness to me and my family, although at first i found it hard to trust him because of my experiences with past loan lenders, i was in need of a loan of $300,000.00 to start my life all over as a single parents with 2 kids, I met this honest and GOD fearing loan lender online Dr. Dave Logan that helped me with a loan of $300,000.00 U.S. Dollars, he is indeed a GOD fearing man, working with a reputable loan company. If you are in need of loan and you are 100% sure to pay back the loan please contact him on ([email protected] and Call/Text: +1(501)800-0690 ) .. and inform them Sara Johnson directed you.. Thanks. Blessed Be.
Good day I am Olivia Chris by name and i live in united kingdom i will like to talk about the goodness of God in my life after so many months of trying to get a loan on the INTERNET and was been scammed so i became desperate in getting a loan from a legit lender on-line then i saw a comment from a friend called Carl Peter and he talked about this legit loan company where he got his loan fast and easy without any stress so he introduced me to a woman called Mrs MORGAN who controls a firm called COURTNEY INVESTMENT LIMITED, So i applied for a loan sum of ($360,000.00 USD) with low interest rate of 3% so the loan was approved and deposited into my bank account that was how i was able to get my loan to keep my broken business running and also to pay off my bills so i am advising everyone of you who is interested in getting a loan fast and easy to kindly contact them via email: [email protected]
to get any kind of loan you need today, thanks as you read the greatest testimony of my life.
Are you INTERESTED in a genuine, fast, reliable LOANS with no hidden fees
from a private lender? Just 2.0% p.a, tailored with a flexible repayment
schedule to meet the borrower's need and also a grace period of up to 12 –
24 months.
We arrange business finance for companies of all sizes ranging from start-
ups to establisheda corporations, belonging to a wide range of industries
such as real-estates, mineral resources, high-technology, oil and gas,
leisure & tourism, hospitals & nursing homes, chemicals & pharmaceuticals,
transport & utilities, renewable & sustainable energy, infrastructure etc.
NOTE: All replies should be forwarded and send to the e-mail account below
for quick response and further details regarding our rate, terms &
procedures.
Email: [email protected]
Whatsapp: +1(912) 695-1658
Website: http://www.hispanicfinance.com
Are you INTERESTED in a genuine, fast, reliable LOANS with no hidden fees
from a private lender? Just 2.0% p.a, tailored with a flexible repayment
schedule to meet the borrower's need and also a grace period of up to 12 –
24 months.
We arrange business finance for companies of all sizes ranging from start-
ups to establisheda corporations, belonging to a wide range of industries
such as real-estates, mineral resources, high-technology, oil and gas,
leisure & tourism, hospitals & nursing homes, chemicals & pharmaceuticals,
transport & utilities, renewable & sustainable energy, infrastructure etc.
NOTE: All replies should be forwarded and send to the e-mail account below
for quick response and further details regarding our rate, terms &
procedures.
Email: [email protected]
Whatsapp: +1(912) 695-1658
Website: http://www.hispanicfinance.com
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I am Mrs,Leores Jazbel by name, I live in United State Of America, who have been a scam victim to so many fake lenders online between November last year till July this year but i thank my creator so much that he has finally smiled on me by directing me to this new lender who put a smile on my face this year 2020 and he did not scam me and also by not deceiving or lying to me and my friends but however this lending firm is BENJAMIN LOAN INVESTMENTS FINANCE ([email protected]) gave me 2% loan which amount is $900,000.00 united states dollars after my agreement to their company terms and conditions and one significant thing i love about this loan company is that they are fast and unique. {Dr.Benjamin Scarlet Owen} can also help you with a legit loan offer. He Has also helped some other colleagues of mine. If you need a genuine loan without cost/stress he his the right loan lender to wipe away your financial problems and crisis today. BENJAMIN LOAN INVESTMENTS FINANCE holds all of the information about how to obtain money quickly and painlessly via Call/Text: +1(415)630-7138 Email: [email protected]
When it comes to financial crisis and loan then BENJAMIN LOAN INVESTMENTS FINANCE is the place to go please just tell him I Mrs. Leores Jazbel direct you Good Luck…………………..