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Standardisation and scrapping on the table for offshore marine

According to Mr Lee, the firm's subsea unit, Emas AMC, received indications that instead of seeking for "bespoke" subsea solutions, tenders could be less prescriptive going forward.


PERSISTENTLY low oil prices have served as a wake-up call to the offshore marine industry some said had been fat and happy for a tad too long.

But to be fair, industry players had realised before the 2014-15 oil price collapse that the party will not last forever and...