Industry Sectors:Offshore

Offshore

Malaysia’s Sealink International has been hit by a deeper loss in 2016 as the group took on impairment charges as a result of the sluggish offshore market.
Teekay Corp has registered a full year loss in 2016 as its income from vessel operations was nearly halved from that of 2015 on the back of overall lower rates…
Malaysian oil and gas services player SapuraKencana Petroleum  (SapKencana) has raised approximately $1.5bn through a seven-year multi-currency financing facility, it said in a press release.
Singapore’s Ezion Holdings has announced a decision to indefinitely postpone taking over four service rigs as part of efforts to help reduce capital expenditure by approximately $270m, as the group…
Singapore's Sembcorp Marine has returned to profit in 2016 amid a severely depressed offshore market, and has engaged in talks with potential customers to resell some completed rigs that had…
Malaysia's oil and gas (O&G) industry needs still more consolidation and preference will be given to those that invest in assets, local media quoted national oil company Petroliam Nasional (Petronas)…
Kuok Group’s PACC Offshore Services Holdings (POSH) plunged to $371.4m loss for 2016 hit by $310.1m in impairments on assets and goodwill.
The Eukor car carrier was seized by Libyan militants off Ras Al-Hilal on Friday last week after failing to heed warnings that it was sailing in restricted waters, according to…
Bumi Armada celebrated a milestone with the successful hook up of its floating production, storage and offloading (FPSO) vessel Armada Kraken at the Kraken field in the UK North Sea…
Lamprell has completed the construction and delivery of a jackup drilling rig - the Al Hudairiyat - to Abu Dhabi’s National Drilling Company (NDC).
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