Ezra upbeat on long-term outlook of oil and gas industry

Singapore

EZRA Holdings, which has unveiled plans to turn its Oslo-listed EOC Ltd associate into a major Asia-Pacific player in offshore support services, says the long-term fundamentals of the oil and gas industry will continue to drive longer-term industry capital expenditure trends.

"This will benefit the groups' subsea services, marine services and offshore support services divisions," Ezra said yesterday as it posted a 16 per cent rise in third-quarter net profit to US$8.3 million.