Bigger OSV operators spared


Shamsul says there are indications that charter rates will come down.

IT appears that the boom times enjoyed by a number of oil and gas (O&G) support service providers may be slowing down a bit.

A warning by their biggest customer, Petroliam Nasional Bhd (Petronas), has served notice that bidding will be more competitive going forward.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , OSV , Petronas , rates

   

Next In Business News

Ringgit rebounds to end higher against US dollar
Khazanah develops young Malaysians to drive IR4.0, digital economy
Vincent Tan seeks new partner in high-speed rail bid
FBM KLCI edges up, bucks regional trend
Tesla launches redesigned Model Y in Asia, seeking to fend off rivals
Oil set for third straight weekly gain on winter fuel demand
Most Asian stocks decline ahead of US jobs data; currencies steady
China central bank is moving faster towards its policy limits
Tenaga Nasional challenges RM291.55mil tax assessment
Steelmaker goes all out to protect environment

Others Also Read