Industry Sectors:Offshore

Offshore

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.
The influence of US oil output, thought by energy analysts to be loosening the influence of other oil producers, continues to be felt.
Classification society DNV GL has carried out its first offshore drone survey of a Prosafe semisubmersible tender support vessel (TSV).
Embattled Sinopacific Shipbuilding Group’s Zhejiang Shipyard is planning to let go close to 50% of its current 560 workforce amid the yard’s bankruptcy reorganisation and dwindling workload.
Mermaid Maritime has secured a pipeline repair air-diving contract with an estimated value of $5m for work in offshore Singapore, making the deal a first of its kind in Singapore…
The outlook for the offshore marine sector will continue to be tough for the remainder of 2017 as oil prices have not firmed in tandem with crude oil production cuts,…
The FSRU market is set for major growth in the next few years with quite a number of new players “knocking on the door” according to DNV GL.
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