Offshore
Big Oil CEOs Predict Return of $100 Crude
By Kevin Crowley and Francois de Beaupuy (Bloomberg) — The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of...
Island Offshore Sends Contract to STX OSV for Newbuild Subsea Support Vessel
SINGAPORE (Dow Jones)–STX OSV Holdings Ltd. (MS7.SG) Monday said it had got a new contract for the construction of an advanced subsea support vessel for Island Offshore, worth more than NOK500 million (S$109 million).
Delivery of the Rolls Royce’s UT 737 CD-design vessel is scheduled for the first quarter of 2014, the company said in a statement to the Singapore Exchange.
-By Matthew Allen, Dow Jones Newswires
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