Offshore

The oil and gas crisis is suffocating Singapore firms

Rig company Swissco has succumbed to the crisis in the oil and gas sectors, making it the second major Singapore-based company within oil and gas which in recent months has had to give up on reaching agreement with creditors.
Photo: Ed Wray/AP/POLFOTO/arkiv
Photo: Ed Wray/AP/POLFOTO/arkiv
BY TENNA SHOER

SINGAPORE

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