Industry Sectors:Offshore

Offshore

George Economou's Ocean Rig and its subsidiaries have filed for bankruptcy restructuring with the appointment of provisional liquidators.
Diversified marine and logistics group China International Marine Containers (CIMC) saw 2016 net profit plunge 73% to RMB540m ($78.5m) from RMB2bn previously.
Malaysian oil and gas companies are continuing to pick up the scraps thrown out by the national oil company, with Perdana Petroleum sealing a three-year contract from exploration and production…
Signalling its shift in focus to maritime, Silk Holdings said it plans to use over half of the proceeds from the divestment of its highway concession holding unit Sistem Lingkaran-Lebuhraya…
Alam Maritim Resources has won a MYR99m ($22.3m) two-year subsea inspection, maintenance and repair (IMR) services contract.
Paris-based testing, inspection and certification body Bureau Veritas has acquired Aberdeen-based Maritime Assurance & Consulting (MAC), in order to boost its local presence and scope of service provision in the…
China Oilfield Services Limited (COSL) has reported a loss of RMB11.46bn ($1.66bn) in 2016 due mainly to huge impairments of approximately RMB7bn on the back of the weak offshore oilfield…
Triyards Holdings has revealed that it has an exposure of approximately $38.2m to financial institutions following the filing of Chapter 11 bankruptcy by its holding company Ezra Holdings.
New kid on the block in the rig space Borr Drilling is buying Transocean’s entire fleet of 15 jack-up rigs including, five newbuildings under construction at Keppel FELs, for $1.35bn.
There is a change at the helm of Keppel Offshore and Marine (Keppel O&M) as Keppel FELs md Chris Ong is brought as acting ceo to replace Chow Yew Yuen,…
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