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Industry Sectors:Offshore

Offshore

Singapore: Despite a record year for securing new contracts, Sembcorp Marine (Sembmarine) reported 2012 net profit of $538m down 28% on 2011's $752m.
Singapore: Singapore-listed Cosco Corporation’s Guangdong shipyard has bagged a $200m rig contract with Energy Drilling.
Kuala Lumpur: Malaysia's exploration and production (E&P) development and new discoveries are expected to trigger more offshore fabrication projects, according to Malaysia Marine and Heavy Engineering (MMHE).
Mumbai: The completion of a first floatover operation in India by Swiber for Oil and Natural Gas Corporation (ONGC) has prompted the state Indian oil firm to highlight the importance…
Singapore: More jack-up rigs and liftboats are expected to be deployed in 2013 to meet continuing strong demand from the oil and gas industry, according to Singapore-based Ezion Holdings, which…
Miami: A decision to cut BP’s potential fine by $3.4bn has been approved by U.S. courts, taking into consideration 810,000 barrels of oil which were not spilled into the Gulf…
Singapore: Otto Marine's subsidiary Reflect Geophysical was unsuccessful in obtaining an order from the Singapore High Court for a short to medium term standstill of claims from its creditors.
Kuala Lumpur: Bumi Armada's jointly controlled entity SP Armada Oil Exploration clinched a $740m deal from India's Oil and Natural Gas Corporation (ONGC) to provide a FPSO for offshore India.
Piraeus: V.Ships has signed a crewing contract with UAE seismic vessel operator Polarcus.
New Orleans: Transocean's guilty plea to a misdemeanour charge for its role in the Deepwater Horizon incident, which resulted in the death of 11 rig workers in 2010, was accepted…