The Oil Shell Game: Peeling Away the Bluster of the Latest Oil Announcements
Trade is agnostic, and because it is a physical entity that can be tracked, it can blast away the bluster of trade announcements. The reality is in the trade moving.
SINGAPORE (Dow Jones)–Sembcorp Marine Ltd. (S51.SG) said Thursday its unit, SMOE Pte. Ltd., has secured a contract close to S$600 million to construct an offshore production platform that will be installed in the Andaman Sea offshore Myanmar.
The project involves engineering, procurement, construction, transportation, installing, and commissioning the platform, Sembcorp Marine said in a statement.
The contract was awarded by PTTEP International Ltd.
-By P.R. Venkat, Dow Jones Newswires
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