Industry Sectors:Offshore

Offshore

Qatar Gas Transport Company (Nakilat) has assumed full ship management and operations of a second Q-Max LNG carrier from Shell Trading and Shipping Company (STASCo) as part of planned and…
UAE rig builder Lamprell has “delivered” the second of six new jackup rigs to Ensco, only to promptly warm stack it at the request of the London-headquartered offshore drilling contractor.
Singapore’s Vallianz Holdings has assured bondholders that it will redeem in full its SGD60m ($43.3m) notes that will be maturing on 22 November 2016.
Malaysia’s MISC Berhad has revealed an ongoing legal battle with oil major Shell over a sum of $245m, as it announced third quarter results.
Iran is not just a “hydrocarbons story” with potentially huge opportunities for other types of shipping provided tricky banking and regulatory compliance challenges can be safely negotiated.
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has unveiled additional self-rescue measures with an aim to raise KRW700bn ($613m) in cash, according to Jung Sung-leep, chief executive and president…
A leading, Dubai-based consultant to the offshore marine energy sector has warned the offshore industry not to expect Iran to offer a quick fix to the sector’s global woes.
Iran must take the initiative to facilitate trade or risk losing huge foreign investment opportunities opened up by the lifting of nuclear sanctions in January.
Jawar Al Khaleej Shipping (JAK) has inked a contract with Damen Shipyards for three new vessels at Seatrade Maritime Middle East in Dubai.
OSV operator Pacific Radiance has landed a newbuild vessel long term charter deal worth $73m including options for work in the Gulf of Mexico.