Industry Sectors:Offshore

Offshore

The better oil price environment seems to already be having a positive impact on some companies, with Brightoil Petroleum releasing a positive profit alert.
Singapore’s Marco Polo Marine has started its 2017 financial year with a profit in the first quarter thanks to a boost in other operating income and share of profit in…
Singapore’s OSV owner and operator Vallianz Holdings has reported a dip in earnings for 2016 as a result of the challenging business conditions in the offshore marine industry.
MISC managed a 10% rise in full year net profit for 2016, with the bottom line rising to MYR2.79bn ($627.3m) from MYR2.54bn previously even as revenue fell to MYR9.60bn from…
Offshore vessel owner Bourbon has increased its laid-up fleet to 104 vessels as activity in the deep and shallow water segments continued to decrease in Q4 2016.
Qatar Petroleum (QP), Total, Mitsubishi, ExxonMobil, and Höegh LNG have formed a consortium with Global Energy Infrastructure Limited to collaborate on a liquefied natural gas import project in Pakistan. 
Offshore engineering focussed group Malaysia Marine and Heavy Engineering Holdings (MMHE) turned in a MYR134.3m ($30.3m) full year loss for 2016, hit by lower contributions from the key Heavy Engineering…
Financially-shaken Ezra Holdings has received a statutory demand from the solicitors of Forland Subsea on Monday in relation to a claim amount of approximately NOK25.5m ($3.1m) that is due and…
Farstad Shipping has concluded a fully-funded restructuring plan that will see the company, together with Deep Sea Supply, consolidate under Solstad Offshore to create a much bigger OSV company.
Malaysian offshore production and support services provider Yinson Holdings, fresh from the successful delivery of its FPSO John Agyekum Kufuor destined to be deployed offshore Ghana, is upbeat on its…