Apr 22: The abysmally low rate struck against the ONGC tender for a stimulation vessel seems to indicate that all is not well at all in the offshore E&P vessel market as yet.
8There is a pick up in investment, global research seems to show, but there is no pick up at all in day rates of rigs and vessels.
82018 does not seem to be a great year yet and everyone is now hoping to 2019 will show an uptick
8The ONGC brass is reading the signs on the walls and is now thinking of a big change in its purchase policy
8A committee has been set up and if the brief given to it is implemented, it can dramatically alter the offshore business in India
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