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O&M margins will stay lower for longer

IHS Markit's data shows offshore rig day rates trending at only a third of the peaks before oil prices crashed in 2014

Published Mon, Jun 18, 2018 · 09:50 PM

Singapore

OFFSHORE and marine (O&M) margins are staying lower for longer - even with contracting activity picking up after oil held out above US$60, observers say.

M3 Marine's managing director Mike Meade said the industry at large is at best "putting on some meat on the bones".

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Companies & Markets

Companies & Markets

O&M margins will stay lower for longer

Companies & Markets

S&P slashes Boeing credit outlook as rating hovers above junk status

Honda to spend US$11 billion on EV strategy in Canada

GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology

Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336

Nasdaq’s profit falls as shaky economy keeps IPO revival elusive

iFast Q1 net profit surges on ePension unit performance

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