Industry Sectors:Offshore

Offshore

Shanghai Waigaoqiao Shipbuilding (SWS) has entered into a FPSO detailed design contract last Friday with its affiliate CSSC No.708 Research Institute, following the winning of the deal from SBM Offshore…
Singapore-listed Ezion Holdings has suspended the trading of its shares as it revealed that the company is in talks with various stakeholders for a financial restructuring.
Financially strapped Malaysian offshore player Nam Cheong Ltd (NCL) has been hit with a Writ of Summons by creditor AmBank.
Brazilian company GranInvestimentos and Dutch company Royal IHC are joining forces to deliver innovative and integrated life cycle solutions to customers in the oil and gas sector.
M2 Subsea has formed a vessel alliance in the Gulf of Mexico with Harvey Gulf Marine to provide ROV services.
Continued turbulence and what it calls the global oil market "rebalancing" impacted on the results of MISC.
SBM Offshore says it seeing gradual recovery in the offshore services market as cost deflation improves the breakeven for deepwater projects.
Topaz Energy and Marine has clinched a new $100m contract with Emirates National Oil Co upstream unit Dragon Oil in the Caspian.
Malaysian oil and gas (O&G) services provider Bumi Armada is making use of the lull in the industry to do some restructuring, announcing the formation of a Netherlands holding company.
Offshore accommodation vessel specialist Prosafe recorded utilisation of 38.5% for its fleet in the second quarter of 2017.
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