Local Malaysian media reported that Tanjung Offshore is imminently going full steam ahead with its fundraising plans for its previously announced major O&G acquisition.
SBM Offshore has been awarded contracts by Shell Offshore to supply and lease a floating production storage and offloading vessel (FPSO) for the Gulf of Mexico.
The shipping equipment market is “expected to be better than in 2012”, with sales favouring offshore and specialised markets, engine manufacturer Wärtsilä reports in its interim results.
In the latest twist in the tale of Titan Petrochemicals' woes with its Quanzhou yard in China, the company now wants to retain a 40% to 55% interest in the yard instead of selling off 95% to white knight Guangdong Zhenrong Energy (GZE) as...