Industry Sectors:Offshore

Offshore

John Fredriksen’s Seadrill has reached agreement on extending the period of its restructuring negotiations and on the maturity of two loan agreements, but still expects to file for Chapter 11…
The oil and gas (O&G) industry environment remains challenging with increased competition in the services segment due to the widespread cuts in capital expenditure, says Sapura Energy.
T7 Global, the oil and gas service provider, formerly known as Tanjung Offshore, has bought a 9.8% stake in Australia-listed oil and gas exploration and production firm Triangle Energy (Global)…
Global newbuilding orders have dwindled in the first half of this year to 245 units, dragged down by reduced interest for containers and zero order for offshore vessels, but new…
Offshore shipbuilder and designer Vard Holdings has warned of ‘inherent risks’ in its offshore projects as the company continues with its efforts to diversify its product portfolio in view of…
Engineering and fabrication shipyard Triyards Holdings has made a $53.38m allowance for impairment charges for the nine months ended 31 May for its financial year 2017, due to reassessment of…
Daewoo Shipbuilding & Marine Engineering (DSME) has lost an arbitration it brought against Songa Offshore over costs overruns and additional work on the rigs Songa Equinox and Songa Endurance.
Mermaid Maritime Public Company Limited has clinched two subsea contracts with a combined value of $4.6m, expanding into a new country in the Middle East and reinforcing its presence in…
With Keppel Corp’s shipyard group Keppel Offshore & Marine (Keppel O&M) just breaking even it is targeting the LNG sector including co-investment in small-scale projects.
China Oilfield Services Limited (COSL) is expected to significantly narrow its first half loss compared to the year-ago period, due partly to improved asset utilisation and increased contributions from its…
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