Partly Cloudy
Dubai
| India | : | |
| Singapore | : | |
| London | : |
News
Seacor cushioned by diverse fleet and international operations
Seacor Holdings made a loss in the nine months to 30 September 2015 and says it plans to further reduce costs. Seacor Holdings’ ceo Charles Fabrikant, says the company’s results for the third quarter and year-to-date results “reflect extremely difficult conditions” in the offshore marine services read more
October,30th 2015
Iran Urges OPEC to Cut Oil Output to Lift Prices to $70-$80
(Bloomberg) -- OPEC member states should cut crude output to boost prices to a range of $70 to $80 a barrel, Iran’s Oil Minister Bijan Namdar Zanganeh said.
“No one is happy” with prices at current levels, Zanganeh told reporters in Tehran. “OPEC should decide to manage the market by reducing read more
October,19th 2015
Swire Pacific’s marine division braces for $129m loss in 2015
Swire Pacific Limited warned of a HKD1bn ($129m) loss in 2015 for its marine services division due to the adverse operating conditions in the offshore oil exploration market.
The projected loss will compare to a profit of HKD1.1bn in 2014, according to a statement issued by Swire Pacific Limited.
Swir read more
October,19th 2015
“The Oil and Gas Industry is at Crossroads”, says Global Thought Leader
World Renowned Speaker Jon Duschinsky to Provide Ground-Breaking Insights at ADIPEC on Staying Ahead in Today’s Energy Landscape
Embracing Sustainability Key to Surviving Oil & Gas Industry Transformation, says Duschinsky
Abu Dhabi, UAE – xx September 2015 – Oil and gas companies must embrac read more
October,18th 2015
Nam Cheong faces slowing OSV sales, reports lower earnings
The offshore industry downturn is presenting challenges to the build-to-stock business model of Malaysia’s OSV builder Nam Cheong, as vessel demand has ebbed and a rescheduling of newbuildings delivery is in the cards.
With no new OSV sales in the second quarter and fewer vessel deliveries, Nam Cheong has repor read more
October,13th 2015
Aramco awards EPC ...
Aramco has awarded an engineering, procurement, construction and install... read more