Ezra Holdings Company News

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Singapore Banks' Sour Loans In Focus As Oil Service Sector Stresses
Friday, February 10, 2017 Singapore's DBS Group Holdings and smaller rival United Overseas Bank are set to report their lowest quarterly profit in at least 2 years, hurt by loans provisions for the oil services sector.

Japan's NYK Completes Acquisition of 25% Stake in EMAS CHIYODA Subsea
Friday, September 30, 2016 Japan's Nippon Yusen Kabushiki Kaisha (NYK) completes transaction to acquire a 25 percent interest in EMAS CHIYODA Subsea (ECS).

Asia Oil, Gas Layoffs Mount as Industry Recovery Stays Elusive
Thursday, September 08, 2016 The industry downturn continues to weigh on Asian oil and gas workers as redundancies continue to rise with no recovery in sight.

Plunging Oil Prices Create Bad-Loan Pain For Singapore Banks
Monday, August 01, 2016 The plunge in oil prices is catching up with Singapore's three largest banks.

LTHE-ECS JV Bags $1.6B EPCI Deal from Saudi Aramco for Hasbah Gas Project
Friday, July 22, 2016 India's LHTE and EMAS Chiyoda Subsea bags a $1.6 billion engineering, procurement, construction and installation (EPCI) contract from Saudi Aramco for phase two development of the Hasbah gas field offshore Saudi Arabia.

EMAS Offshore Posts 3Q FY16 Net Loss of $23M, Revenue Down 41% to $35M
Friday, July 15, 2016 EMAS Offshore posts net loss of $23.2 million in third quarter of financial year 2016, while revenue fell 41 percent to $35.1 million amid continued weakness in the offshore services sector.

Ezra Sells 80% Interest in Lewek EMAS FPSO to PetroFirst for $166.35M
Monday, July 04, 2016 Singapore's Ezra agrees to sell stake 80 percent stake in PV Keez, owner of the Lewek EMAS floating production storage and offloading vessel, to PetroFirst Infrastructure 2 for $166.35 million.

Ezra Bags $300M Deals for Deepwater Projects in GOM, SE Asia, West Africa
Tuesday, June 21, 2016 Singapore's Ezra Holdings bags around $300 million contracts from international oil majors for deepwater projects in the Gulf of Mexico, Southeast Asia and West Africa.

Japan's NYK Acquires 25% Stake in EMAS Chiyoda Subsea
Monday, June 13, 2016 Japan's Nippon Yusen Kabushiki Kaisha (NYK) acquires a 25 percent stake in newly formed EMAS Chiyoda Subsea from existing shareholders EMAS AMC and Chiyoda.

EMAS Energy Bags $8M Contract for Work in the Gulf of Thailand
Thursday, May 12, 2016 EMAS Energy bags an $8 million contract to support oil major on well stimulation and well plugging activities in the Gulf of Thailand.

Ezra, EMAS Offshore to Sell 78.4% Stake in FPSO Lewek Emas
Friday, April 15, 2016 Ezra and its unit EMAS Offshore agree to sell their combined 78.4 percent stakes in FPSO Lewek Emas to a global infrastructure fund.

Ezra Posts 1H16 Net Loss of $336M, Compared to $65M Net Profit Last Year
Friday, April 15, 2016 Ezra incurs a net loss of $336.4 million for first half 2016 that ended Feb. 29, compared to a net profit of $65.3 million a year ago.

EMAS Chiyoda Subsea Commences Business Ops
Friday, April 01, 2016 Chiyoda completes its investment in Ezra's subsea business to form EMAS Chiyoda Subsea as part of business expansion.

Ezra Records Net Loss of $53.7M in 1Q FY16 as Industry Downturn Lingers
Thursday, January 14, 2016 Singapore's Ezra registers a net loss of $53.7 million in the first quarter of financial year 2016 ending Nov. 30, 2015 as the industry downturn continues to impact on the company's performance.

EMAS Offshore Posts $3.2M Net Loss for 1Q FY2016, Revenue Dips to $49.8M
Monday, January 11, 2016 EMAS Offshore posts a net loss of $3.2 million for first quarter 2016 that ended Nov. 30, 2015 as revenue falls 32 percent to $49.8 million amid challenging operating conditions.

EMAS AMC Completes 2 Subsea Tieback Projects for Noble Energy in US GOM
Monday, September 28, 2015 EMAS AMC successfully completes subsea tieback projects at Noble Energy's at Big Bend and Dantzler fields in the US Gulf of Mexico.

Singapore's EMAS Offshore Names Adarash Kumar as CEO, Replaces Jon Dunstan
Friday, September 25, 2015 Singapore's EMAS Offshore names Adarash Kumar as CEO, replacing Jon Dunstan.

EMAS AMC Bags Contract for Angostura Project Offshore Trinidad & Tobago
Tuesday, September 08, 2015 EMAS AMC bags contract from BHP Billiton for the Angostura project offshore Trinidad and Tobago.

Ezra's Profit After Tax Declines 96% to $0.4M in 3Q 2015
Friday, July 10, 2015 Ezra Holdings posts a steep 96 percent year-on-year decline in profit after tax to $400,000 for third quarter 2015 that ended May 31.

EMAS AMC-LTHE JV Signs 6 Year Deal with Saudi Aramco for Offshore Work
Wednesday, July 08, 2015 The EMAS AMC-Larsen & Toubro Hydrocarbon Engineering joint venture signs a six year long term agreement with Saudi Aramco for offshore projects in Saudi Arabia.

Ezra Bags $115M Contracts in North Sea, West Africa and Asia
Monday, June 15, 2015 Singapore's Ezra bags $115 million contracts for projects in North Sea, West Africa and Asia.

Ezra's Subsea Division EMAS AMC Clinches $55M Contracts
Thursday, April 16, 2015 Ezra Holdings' subsea division EMAS AMC clinches $55 million contracts from several oil and energy companies.

Ezra CEO: EMAS AMC Order Backlog Will Hold on Subsea Tie-Back Demand
Monday, April 13, 2015 Ezra's CEO is upbeat about prospects for its unit EMAS AMC as demand for subsea tie-back remains strong.

Ezra's Profit After Tax Falls 79% YOY to $4.7M in 2Q 2015
Wednesday, April 08, 2015 Ezra's profit after tax fell 79 percent in the second quarter of 2015 to $4.7 million compared to a year ago.

Newbuild Lewek Constellation Prepares for Noble Energy's GOM Assignment
Monday, March 02, 2015 Ezra's newbuild subsea construction vessel Lewek Constellation prepares to head for Gulf of Mexico assignment for Noble Energy.

Ezra's Unit EMAS AMC Bags $65M Subsea Contracts
Monday, February 02, 2015 Ezra's unit EMAS AMC bags $65 million subsea contracts, while its ice-classed multi-lay construction vessel Lewek Constellation is expected to be operational by March.

As Oil Slides, Singapore Oilfield Service Firms Struggle to Refinance Debt
Tuesday, January 27, 2015 Ezra Holdings and Swiber Holdings are finding it tough to refinance debt maturing later this year due to the slump in crude prices, according to banking sources.

LMC to Supply Jurong Shipyard with Turret System for Brazil's Libra FPSO
Monday, January 12, 2015 Ezra's unit London Marine Consultants clinches deal from Jurong Shipyard to supply an external turret mooring system for the Libra oil field's floating production, storage and offloading vessel to be deployed offshore Brazil.

Ezra Posts 1Q 2015 Profit of $61M, Bags $105M Deal for Julimar Project
Friday, January 09, 2015 Ezra Holdings records an after-tax profit of $60.6 million in the first quarter of financial year 2015 ending Nov. 30, 2014, compared to $8.7 million last year.

EMAS Offshore Posts Net Profit of $148M in 1Q 2015, Up from $13M a Year Ago
Thursday, January 08, 2015 EMAS Offshore posts net profit of $148.4 million for the first quarter of financial year 2015 that ended Nov. 30, 2014, up from $13 million in the previous year.

EMAS AMC Bags $70M Contracts for Work in Asia Pacific & Gulf of Mexico
Monday, October 27, 2014 Ezra's subsea services unit EMAS AMC bags over $70 million contracts for work in Asia Pacific and the Gulf of Mexico.

EMAS Offshore Posts 39.3% Increase in Net Profit for FY 14 to $54.7M
Thursday, October 23, 2014 Ezra Holding's subsidiary EMAS Offshore posts a four-fold increase in net attributable profit for financial year that ended Aug. 31.

EMAS AMC Completes T&I Work on Gabon's Etame Marin Field Expansion
Thursday, October 16, 2014 EMAS AMC completes a $120 million transportation and installation contract for VAALCO's Etame Marin field expansion project offshore Gabon.

Speedcast Lands Satellite Communications Deal for 12 EMAS AMC Vessels
Tuesday, October 14, 2014 Speedcast lands a multi-year contract to provide satellite network connectivity for 12 EMAS AMC's vessels.

EMAS AMC Inks $300M Subsea Tie-back Deals with Noble Energy for GOM Work
Friday, October 10, 2014 Ezra's subsea unit EMAS AMC inks three contracts, worth $300 million, with Noble Energy for subsea tie-back projects in the Gulf of Mexico.

EOC Owns Lewek Antares After Acquiring 50% Stake from KMPL for $18.3M
Thursday, August 28, 2014 EOC takes full control of Lewek Antares Shipping after acquiring 50 percent share in the firm from Konquest Marine for $18.3 million.

Ezra's Shareholders Approve Consolidation of EMAS Marine into EOC
Wednesday, August 20, 2014 Ezra's shareholders approve consolidation of EMAS Marine into associate company EOC and Singapore listing.

EMAS AMC Clinches $110M Contracts for Work in Asia Pacific, Africa and GOM
Tuesday, August 05, 2014 EMAS AMC clinches several contracts worth close to $110 million for projects in Asia Pacific, Africa and Gulf of Mexico.

EOC Orders 2 Accommodation/Maintenance Vessels from China's XSIC for $72M
Friday, July 18, 2014 EOC orders two new accommodation/maintenance vessels from China's Xiamen Shipbuilding Industry Co. for $72 million.

Ezra Achieves Record Revenue of $1B in First 9 Months of FY 2014
Friday, July 11, 2014 Ezra achieves record revenue of $1 billion for the nine months that ended May 31, up 24 percent from the previous year.

Ezra to Transfer Offshore Support Services Arm to EOC for $520M
Thursday, July 10, 2014 Ezra Holdings to transfer the firm's offshore support services arm EMAS Marine to its associate company EOC Limited for $520 million.

Ezra to Install 10 Pipelines, 3 Platforms for Chevron in Gulf of Thailand
Wednesday, July 02, 2014 Ezra Holdings to install 10 pipelines and 3 platforms for Chevron in the Gulf of Thailand this year.

Ezra Clinches $95M Contracts for Subsea, Offshore Support Services
Wednesday, May 21, 2014 Ezra clinches $95 million subsea services and offshore support services contracts for work in Asia, Africa, North Sea and Gulf of Mexico.

EMAS AMC Gets LOA from Noble Energy for Gunflint Project in GOM
Friday, April 11, 2014 Ezra Holdings' unit EMAS AMC receives a letter of award from Noble Energy for the Gunflint Project in the Gulf of Mexico.

Ezra's Revenue Increases 22% in 2Q FY2014 to $300M
Friday, April 11, 2014 Ezra posts a 22 percent increase in revenue for second quarter of financial year 2014 to $300.4 million, lifted by contribution from its subsea division.

EOC Gains $44M Profit in 2Q FY2014, Lifted by Sale-and-Leaseback of Vessel
Wednesday, April 09, 2014 EOC reports a net attributable profit of $44 million for second quarter of financial year 2014 that ended Feb. 28, compared to $1.4 million a year ago.

Ezra Clinches $125M Contracts to Work in Asia Pacific, West Africa
Wednesday, March 05, 2014 Ezra Holdings clinches subsea construction and offshore support contracts in Asia Pacific and West Africa totaling $125 million.

Ezra's EMAS AMC Bags $80M Contracts for Subsea Projects
Friday, January 24, 2014 Ezra Holdings' unit EMAS AMC bags contracts worth $80 million for subsea projects in Asia and in the Americas.

Ezra Eyes US Listing for Subsea Services Unit EMAS AMC
Friday, January 17, 2014 Ezra Holdings appoints J.P. Morgan to advise the firm on strategic options for its subsea services unit EMAS AMC, including a possible listing in the United States.

Ezra Posts Net Profit of $8.74M in FY 4Q 2014, Up 11% From a Year Ago
Friday, January 10, 2014 Ezra Holdings posts a net profit of $8.74 million for the first quarter of fiscal year 2014 ending Nov. 30, 2013, up 11 percent from a year ago.