Gas Providing Timely Boost
Singapore will stay relevant in the global marine and offshore engineering (M&OE) industry despite the recent headwinds from a prolonged sectoral downturn. In 2018, the oil & gas sector is expected to continue its recovery, as oil majors adapt to the lower oil prices environment and are better positioned to proceed with final investment decisions.
Singapore Keen to Remain a Relevant Player
The island-nation, which does not possess hydrocarbon reserves, has forged a niche in the last few decades in the energy and marine sectors. Having been hit by the downturn the last three years it is a critical shot in the arm for the industry that the country’s government considers the marine and offshore engineering industry key for future economic growth.
Oil & Gas Investment to Revive as Confidence Surges
There seems to be light at the end of the tunnel as the industry takes the first few tentative steps out of the oil price malaise, the journey is far from over but at least we are on the road to recovery.
Bids & Pieces
Scene & Heard
Powering the Seas
Compared to direct diesel drives; diesel-electric propulsion systems are technically and operationally superior in virtually all applications. This superiority has been a major reason for the steadily growing demand for diesel-electric main drives in marine engineering applications.
Era of Automation
Despite being one if the driving industries of cutting-edge technology the oil and gas industry still seems resistant to rig automation. The recent depressed oil prices have nudged the industry to embrace the technology. This article looks at some of the benefits and proponents of rig automation.