Awilco bracing for cost-cutting measures following rig order cancellation and delay

Offshore drilling contractor Awilco Drilling is preparing for cost-cutting measures amid a challenging environment in the offshore drilling market. Awilco Drilling said on Monday that, in light of the termination of the newbuild Nordic Winter and the significant delay in … Read More

Keppel to review offshore & marine business amid challenging environment

Singapore’s conglomerate Keppel Corporation has decided to review its offshore & marine business as part of its overall strategy and roadmap amid the sector’s challenging environment. In an update on Tuesday Keppel noted it regularly reviews its portfolio of assets. As … Read More