Apr 11: 8Undoubtedly, 2017 proved to be a very difficult year for the product tanker market, with earnings sinking to multi year lows on the back of rapid fleet growth in the larger product tanker segment, limited arbitrages due to high product stocks and no large-scale growth in demand in key loading areas. Will this year be any different and when do we expect to see a rebound in industry earnings? Click on Report for more.
8Borr Drilling’s acquisition of Paragon Offshore Ltd. for an estimated $232.5 million will make Borr the largest jackup owner in the world. It will also be the second-largest provider of offshore rigs, measured in fleet size, just four units behind the newly-merged Ensco-Atwood. This move brings together the fourth and sixth largest jackup providers to create an entity controlling 10% of the world’s jackups. However, Borr is expected to scrap many of the acquired rigs. Find out why Borr thinks the timing is perfect. Click on Report for more.
8The PNGRB has come out with bids for new CGDs. Get the details here click on Report.
8The refinery related process equipment industry is going through a boom after the recent spate of refinery upgradation and expansion programmes. But competition continues to remain very intensive. Click on Report for more.
8The petroleum ministry has approved has approved ten year extensions to OILEX's Cambay and Bhandut PSCs.  Click on Report for more.

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