Offshore

The Malaysian offshore oil and gas industry continues to feel the pinch of smaller budgets from national oil company Petronas in particular, with the offshore supply vessel (OSV) players especially…
Small packages of work continue to trickle through in the Malaysian oil and gas (O&G) space as Petronas exploration and production (E&P) unit Petronas Carigali carefully allots out contracts, with…
With the market for offshore oil and gas (O&G) services getting even more competitive with the entrance of new players, Thailand-based Mermaid Maritime is looking more to the Middle East…
Analysts Rystad Energy describes as “remarkable” the rapid growth of Borr Drilling to become the world’s largest owner of jack-up rigs.
As the cycle looks like it is starting to turn for the oil and gas (O&G) market, the various players seem to be able to riding on it in different…
Oil and gas (O&G) players reliant on the domestic Malaysian market such as Perdana Petroleum are still struggling compared to others who have the ability and have taken the initiative…
New kid on the block Borr Drilling is continuing to consolidate the jack-up rig sector acquiring Paragon Offshore and its fleet of 32 rigs.
Singapore shipyard group Sembcorp Marine topped the list in terms of LNG carrier repairs worldwide for the fifth time last year.
The global newbuilding orderbook to existing fleet ratio has dropped to its lowest level in 20 years dropping to just 10% of capacity.
Amid the ongoing oil market downturn, some oil and gas industry service providers are still managing to eke out a decent living, with the Middle East remaining the hot spot…
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