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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

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.


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...

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