floating production storage and offloading (FPSO) vessels

The new contracts are not expected to have a material impact on Dyna-Mac’s earnings per share and net tangible assets for FY2023.

Delivery for both contracts is slated to take place within the 2HFY2024.

Why Bursa Malaysia-listed Yinson is playing white knight to Ezion, the provider of liftboats and support vessels which is sinking from debt

Despite an uptick in crude oil prices in 2019, a recovery in oil exploration and production activity was somewhat limited. This inevitably prolonged the downturn in the oil services industry, which has seen a glut of rigs and offshore