rh petrogas

Oil prices this year may be similar to those in 2023, when Brent averaged US$82.50 per barrel, says the US EIA in its recent short-term energy outlook report.

Singapore’s upstream energy plays in negative territory on economic worries

THE Singapore Exchange’s (SGX) favourite upstream energy plays – Rex International, Geo Energy Resources and RH Petrogas – began the year on the back foot, declining between 2 and 9 per cent so far.

Over the past five years, RHP has sold a high-cost oil production asset in China and an exploration asset in Malaysia, and now operates two mature oil fields in Indonesia.

Companies & Markets

Brokers’ take: UOBKH initiates coverage on RH PetroGas with ‘buy’

UOB Kay Hian (UOBKH) initiated coverage on RH PetroGas (RHP) on Thursday (Apr 6) with a “buy” call, noting the growth of the company’s oil and gas reserves from 2017 to 2022 without any acquisitions, ...

Opec+, which comprises members of the Organization of the Petroleum Exporting Countries as well as major non-Opec oil producers such as Russia, has announced it will cut oil output by about 1.2 million barrels per day.

Companies & Markets

Singapore O&G stocks up after Opec+ cut, but economists warn of higher oil prices adding to inflationary pressures

HIGHER oil prices on the back of a fall in oil production appear to have boosted the prices of several oil and gas (O&G) counters listed on the Singapore Exchange (SGX). But economists caution that hi...

RH Petrogas CEO Francis Chang Cheng-Hsing says: “With the higher price and cash reserves that we have in hand, first of all we plan to start drilling some wells in our 2 assets. Drilling wells is organic growth and the fastest and cheapest way to grow a company compared to going out and buying something.”

Companies & Markets

TOPLINE

RH Petrogas is drilling into the oil rush

“Sit in the pain until it passes” is exactly what Singapore-listed RH Petrogas (RHP) did as it felt the sting of the oil slump in 2015, followed by a pandemic-led historic oil crash 5 years later as m...

Companies & Markets

RH Petrogas, Rex International actively traded as oil prices surge

SHARES of RH Petrogas and Rex International were actively traded on Thursday (Mar 3), after oil surged beyond US$110 a barrel as the market braced for supply disruptions from sanctions imposed on Russ...

Capital Markets & Currencies

Hot stocks: RH Petrogas, Rex International actively traded as oil prices surge

Companies & Markets

RH Petrogas proposes capitalisation of shareholders' loans into 90m new shares

MAINBOARD-LISTED RH Petrogas announced on Wednesday that it has entered into a conditional capitalisation deed for the company to allot and issue 90 million new shares at S$0.172 apiece to a company, ...

Companies & Markets

Brokers' take: RH Petrogas, Rex immediate beneficiaries of rising oil prices

UOB Kay Hian (UOBKH) on Tuesday noted upstream oil producers RH Petrogas and Rex International as immediate beneficiaries of renewed interest in the oil and gas sector.

Companies & Markets

RH Petrogas warns of Q2, H1 loss on 'significantly lower' realised oil prices

RH Petrogas on Sunday said it expects to record a higher loss for the second quarter ended June 30, 2020, compared with the loss reported a year ago.

Companies & Markets

Alpha Energy off to brisk trot on Mustang's first oil

LOSS-making Alpha Energy Holdings has finally caught a break.

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