Magnus Energy Group Ltd (MAGN)

Magnus Energy Group Ltd., an investment holding company, supplies products and services for oil and gas, shipbuilding and offshore fabrication, petrochemicals plants, marine, and environmental waste treatment industries. It operates through Oilfield Equipment Supply and Services; Waste Water Treatment; Renewable Energy; Engineering, Procurement, Construction and Commissioning Services; Drilling Services; and Investment Holding segments. The company supplies equipment, tools, and accessories used in the oil drilling business; distributes tubular products, equipment, and spares; provides environmental and waste management services; fabricates and installs control systems; tests valve actuation; offers management services; produces microalgae oil; trades in energy and natural resources; develops property and infrastructure; and holds warehouse property. It also distributes and supplies oilfield and mining equipment; drilling equipment and spares, drilling consumables, handling tools, general hardware, safety equipment, production equipment and accessories, pipeline products, meters and gauges, and special steel products; oil country tubular goods; pipes for the transmission of oil and gas; and drill pipes for rotation in the drilling of wells. In addition, the company manufactures and repairs engines and turbines. It operates in Singapore, Thailand, the United States of America, the United Arab Emirates, Saudi Arabia, Japan, China/Hong Kong, India, and internationally. Magnus Energy Group Ltd. was incorporated in 1983 and is based in Singapore.