Credit crunch persists in oil and gas

Collapse: A Swiber logo is pictured at its office in Singapore. After the collapse of Singaporean-listed Swiber Holdings Ltd, which found itself unable to satisfy its debt obligations following the crude oil price collapse, all eyes are now on its peers that operate in Malaysian waters. — Reuters

Lack of funding poses threat to O&G companies’ operations

THE latest round of second quarter earnings for oil and gas service providers shows that companies are experiencing cash flow pressures which could still pose a threat to their operations, say analysts.