You are here

OUTLOOK 2017

Oil price rebound may boost O&G contracting

But yards are diversifying into adjacent markets instead of holding out for O&G contracting to return to pre-crash levels

BT_20170103_HHSHIPYREND28KMMI_2671679.jpg
As upstream O&G weakness persists, IE Singapore has encouraged O&M players to tap growth in the liquefied natural gas (LNG) sector, including demand for LNG bunkering and mini-LNG.

Singapore

A REBOUND in oil prices towards the end of 2016 - if sustained through 2017 - may stimulate a recovery in offshore and marine contracting activity linked to conventional upstream oil and gas (O&G) projects.

But listed yard groups have not been holding their breaths

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom