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Petromin marine and offshore Jan-Feb Issue

Singapore • China •

Singapore • China • India • Myanmar • Thailand • Vietnam • Malaysia • Korea Your custom solution provider Range of products include: • Accommodation Systems • Electrical Systems • Deck Machinery • Propulsion System • Ballast Water Management System • Pumps • Cranes • Compressors • LNG/Scrubber Systems • Rolling Computer • System Rudder We are able to sources the right products with the right specification with the right quality, in the right cost. Red Offshore Industries 8 Boon Lay Way #09-09, 8@TradeHub 21, Singapore 609964 Tel: +65 6820 1130 Fax: +65 6820 1126 Email: info@red-offshore.com Website: www.red-offshore.com

Petromin Marine & Offshore is published by Mediabuz PTE LTD 8@TradeHub 21 8 Boon Lay Way, #09-10 Singapore 609964 Tel: (65) 6222 3422 Fax: (65) 6222 5587 Website: www.petrominonline.com contents Reports 06 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. 14 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. Petromin Marine & Offshore is a business publication covering technologies, trends and news related to the oil & gas and marine industries in the Asia Pacific region. The Publisher reserves the right to accept or reject all editorial or advertising material, and assumes no responsibility for the return of unsolicited artwork or manuscripts. All rights reserved. Reproduction of the magazine, in whole or in part, is prohibited without the prior written consent, not unreasonably withheld, of the publisher. Reprints of articles appearing in previous issues of the magazine can be had on request, subject to a minimum quantity. The views expressed in this journal are not necessarily those of the publisher and while every attempt will be made to ensure the accuracy and authenticity of information appearing in the magazine, the publisher accepts no liability for damages caused by misinterpretation of information, expressed or implied, within the pages of the magazine. All correspondence regarding editorial, editorial contributions or editorial content should be directed to the Editor. 20 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 The magazine is available at an annual subscription rate of S$220. Please refer to the subscription form or contact the subscription department for further details at Fax: (65) 6222 5587. we are on the road to recovery. January to February 2018 1

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