South & Central Asia
International offshore rig count takes a hit
The international offshore rig count for December 2015 has dropped by 88 rigs when compared to the same period last year, according to a report by Baker Hughes, an oilfield services provider. The international offshore rig count for December 2015 was 250, down 9 from the 259 counted in November 2015
The most popular offshore industry galleries of 2015
The most popular offshore industry galleries of 2015
Ezra Expects Red Ink
Ezra Holdings said it expects negative financial results for the first quarter ended November 30, 2015 (1Q2016), compared to the year-ago earnings. This means that the Singapore-listed company will post net loss second quarter in a row. In the previous quarter (4Q2015) ending August 31, the profit w
Synergy Subsea Hires DSV Seamec Princess for Persian Gulf
India’s provider of diver support vessel-based diving services, Seamec, has entered into a contract for the charter hire of vessel “Seamec Princess” with Dubai-based Synergy Subsea Engineering. The Seamec Princess is a is 123.4 meters LOA dive support vessel, built in 1984, with a 12-man saturation
CITC-Led Consortium Wins Myanmar Deepwater Port Gig
A consortium led by Chinese CITIC Group Corporation has won the bid to for the deepwater port construction project in Kyaukpyu Special Economic Zone, Myanmar. The consortium comprises of CITIC Group Corporation, Chia Tai Group, CHEC, China Merchants Group, Tianjin Teda and Yunnan Construction Engine
Ezra in Profit Warning
Singapore’s Ezra Holdings Limited, an integrated offshore support provider, has issued a profit warning with respect to the unaudited consolidated financial results for the first quarter of the 2016 fiscal year ended 30 November 2015. “The Board is of the view that the 1Q FY2016 results will show a
Gallery: Two PSVs launched in China for Otto Offshore
Chinese Wuchang Shipbuilding Industry has launched two platform supply vessels it is building for the Singapore-based shipowner Otto Offshore. The sister vessels Go Matilda and Go Mundara, were launched on January 6 and 8, 2016, respectively. The vessels are number two and three in a series of four,
More Dredging Work at Kwai Tsing Container Basin Area
With immediate effect and for a period of approximately 5 months, the dredging operations will be carried out within the Kwai Tsing Container Basin area, according to the Hong Kong Marine Department (MARDEP). The works will be carried out by a grab dredger and one tug and two self-propelled split-ho
Lundin Malaysia: One well abandoned, another one spudded
Lundin Malaysia, a subsidiary of Swedish oil company Lundin Petroleum, has completed the drilling of the Imbok-1 well, offshore Malaysia. The company said that the well, which was targeting hydrocarbons in Miocene aged sands, encountered minor oil shows and was plugged and abandoned. The well, locat
Qatar ships LNG cargo to India’s Dahej
Petronet LNG-operated Dahej liquefied natural gas terminal in Gujarat state is scheduled to receive a cargo from Qatar next week.
Top offshore energy videos of 2015
Top offshore energy videos of 2015
Wood Mac: M&A activity to increase in 2016 dictated by oil prices
Wood Mackenzie, one of the world’s largest energy market intelligence companies, expects that upstream merger and acquisition (M&A) activity will increase in 2016, though the shape of that activity will be dictated by oil prices. Should they remain low, balance sheets will become ever more stretched