Industry Sectors:Offshore

Offshore

The world’s largest construction vessel Pioneering Spirit has won a contract to install an offshore gas pipeline in the Black Sea.
Malaysian oil and gas (O&G) services provider SapuraKencana Petroleum (SapKencana) managed to turn in an 18% rise in third quarter profits to MYR158.1m ($35.7m) from MYR129.9m previously.
CIMC HK has entered into an agreement to sell 15% equity interest in its wholly-owned CIMC Offshore to China’s state-owned Future Industry Investment Fund.
More than two-thirds (70%) of maritime leaders in Asia now believe the persistent volatility in oil prices represents a structural rather than cyclical change, according to new data released today…
Mermaid Maritime Public Company has cancelled an order for a subsea vessel under construction at China Merchants Industry Holdings (CMIH) in view of difficult operating conditions in the oil and…
Yet another troubled Malaysian oil and gas services company has tried to diversify into non-marine business to weather the current slump, with local media reporting that Tanjung Offshore is tying…
Höegh LNG is lining up a series of four FSRU newbuildings at Samsung Heavy Industries (SHI).
Eight senior executives of Swiber Holdings have been probed by the Commercial Affairs Department (CAD) of Singapore and released on bail in relation to alleged violation of the Securities and…
OSV operator Pacific Radiance announced that an executive director of the company was arrested by Singapore authorities for alleged corruption.
Proposed sweeping changes to Singapore’s restructuring and insolvency laws has come at a time when many companies, especially some offshore firms, are heavily burdened by debts and facing the threat…