Industry Sectors:Offshore

Offshore

Malaysia’s Nam Cheong is proceeding to dispose of its corporate office property in Singapore so as to pay off an outstanding amount for the mortgage, in light of the company’s…
The business of Asia Offshore Drilling (AOD), majority owned by Seadrill, is at this at stage excluded from Seadrill’s Chapter 11 filing and AOD will continue operations as per normal.
As expected John Fredriksen’s rig owning company Seadrill has filed for a Chapter 11 bankruptcy restructuring.
Emerging Malaysian oil and gas (O&G) player Enra Group is making inroads from its joint venture with Australia's Icon Engineering, the jv having secured a technology licence from Petronas which…
Sembcorp Marine has announced that its wholly-owned Brazilian subsidiary Estaleiro Jurong Aracruz Ltda (EJA) has secured hull carry over works worth about $145m for a FPSO project.
The investment arm of Fujian Shipbuilding Industry and compatriot Mawei Shipbuilding have signed a contract for the construction of a service operations vessel (SOV) for offshore windfarm work, reports said.
Embattled OSV builder Nam Cheong has urged noteholders to support the company’s financial restructuring involving approximately $220m of unsecured debts.
Pacific Radiance, owner and operator of OSVs, has commenced discussions with its bank lenders to restructure its debts.
Baku Shipyard LLC (Baku Shipyard), a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M), State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC), has delivered the…
Bourbon kept 100 offshore supply vessels in lay-up in the first half of 2017 as revenues fell.
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