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Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.
The oil discoveries are down 47% y-o-y on an annualised basis so far in 2016, global rig utilisation has dropped 22 percentage points to 73% in two years, and 29% of seismic units are inactive,
Revenue falls 30 pct; order book at S$9.7 billion.
Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces
The entrance to Brazil's largest reopened on Thursday, after rough seas prevented ships from entering or leaving for more than 30 hours during peak soy export season.
French wheat exports to Indonesia are on hold as traders await the approval of a food safety agreement between the two countries, something exporters say is being
Cavotec and ABB have signed a Memorandum of Understanding to jointly offer complete shore-to-ship power solutions globally. Such solutions allow vessels to plug