Industry Sectors:Offshore

Offshore

Malaysian oil and gas services provider Petra Energy turned to a profit in the first quarter with a net gain of MYR5.3m ($1.2m) from a loss of MYR7m in the…
Offshore services firm Marco Polo Marine and its subsidiary have each filed an application to the Singapore High Court for a scheme moratorium to allow the company to proceed with…
While UMW Oil & Gas Corp (UMW-OG) will achieve full utilisation of its seven jack-up drilling rigs by the second half of this year, the oil and gas (O&G) service…
OSV owner and operator Tidewater Inc. and its 26 subsidiaries have voluntarily filed for Chapter 11 bankruptcy in the US district court of Delaware on Wednesday.
Singapore’s ASL Marine has reversed into the red in the quarter ended 31 March 2017 due mainly to one-off losses, compared to a profitable year-ago quarter.
Malaysia’s Nam Cheong has sank deeper into the red with a loss of MYR47.51m ($11m) in the first quarter compared to the deficit of MYR40.12m in the same period of…
Singapore-listed offshore services firm Marco Polo Marine saw its first half loss deepened to SGD4.77m ($3.4m) compared to the loss of SGD1.1m in the same period of last year.
OSV owner and operator Tidewater Inc. will file for Chapter 11 bankruptcy by 17 May following the signing of a Restructuring Support Agreement (RSA) with certain of its lenders.
Pacific Radiance saw its first quarter loss more than doubled from the year-ago period amid tough operating environment in the offshore vessels market.
Dryships Inc. has stayed in the red for the first quarter of 2017 but it managed to significantly narrow its loss compared to the year-ago period, and looks forward to…
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