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Ezra Holdings Ltd

Man Working on Oil Pipes

As oil slides, Singapore oilfield service firms struggle to refinance debt

Two Singapore oilfield service firms are finding it tough to refinance debt maturing later this year as the slump in crude prices has made investors and lenders hesitant, banking sources said.

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Singapore's Ezra puts on hold U.S. IPO plan for subsea unit

Ezra Holdings Ltd (EZRA.SI), a Singapore-listed oilfield service company, said on Wednesday it has put on hold a plan to list its subsea services unit in the United States, prompted by unfavourable market conditions.

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