Reliance Awards McDermott Contract for KG-D6 Subsea Development
McDermott announced a letter of award for a contract from Reliance Industries for the deepwater KG-D6 subsea field development in the Krishna Godavari Basin.
Keppel Takes a Hit From Industry Downturn
Due to the continued pressure from weak utilization of existing operating fleet and supply overhang of newbuilds, Keppel is cutting its yard capacity. The company is however seeking opportunities in niche and new markets.
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