Industry Sectors:Offshore

Offshore

Seadrill Limited has received a three-year contract extension from Saudi Aramco for the jack-up rig AOD III, putting the expiry in December 2019.
Singapore's ASL Marine has issued a consent solicitation statement to noteholders on Thursday as the company seeks approval to extend the maturity of the notes for three years.
Seven major Chinese rigbuilders have join forces to form the new China Offshore (Deepsea) Industry Alliance, or CODIA, as they seek to raise competitiveness through shared resources and keener focus…
The auditor of distressed Marco Polo Marine has cast “significant doubt” on the ability of the company to continue as a going concern in view of its net liabilities and…
The drive towards consolidation in Malaysia's oil and gas industry may have been give some impetus with a clear statement from state fund management company Permodalan Nasional Bhd (PNB) that…
UAE-rig builder Lamprell has delivered its seventh jack-up rig to Abu Dhabi’s National Drilling Co (NDC).
Be it be in shipping, the economy or politics 2016 has been a tumultuous year. Seatrade Maritime News takes a look back at the year and top stories in the…
Indonesian shipping company Humpuss Intermoda Transportasi has set aside $130m for capital expenditure next year to buy eight new vessels, local media reported.
Yinson Holdings saw third quarter net profit fall 26% to MYR63.1m ($14.1m) from MYR85.7m in the previous corresponding period, although revenue rose MYR127.9m from MYR110.7m previously.
Malaysian offshore services company TAS Offshore is selling a landing craft for MYR17.3m ($3.9m), it said in a stock market announcement.