Oil and gas (O&G) services company Mermaid Maritime has a positive outlook for 2018 amid higher oil prices although it is monitoring developments in Saudi Arabia for increased output and…
Velesto Energy, the previous UMW Oil & Gas, is seeing renewed steady work, picking up two Petronas contracts with a combined value of $10.8m.
Malaysia’s MISC was reasonably upbeat on the tanker market going forward but warned that earnings are still being hit as fleet growth continues to put pressure on petroleum freight rates.
The Middle East market as well as the offshore accommodation (OA) vessels segment has done well for PACC Offshore Services Holdings (POSH), with all the offshore supply vessels (OSVs) assigned…
Bumi Armada secured a $285m contract extension for its FPSO Armada TGT 1 floating production storage and offloading (FPSO) vessel that is currently working offshore Vietnam.
Despite recovering oil prices, some segments of Malaysia’s oil and gas (O&G) industry have yet to recover and continue to see a muted outlook for the year ahead.
Ulstein Verft has inked a contract with Bernhard Schulte to build a service operation vessel for its wind project arm WINDEA Offshore.