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Offshore Energy

Swiber stalls order as cash woes hit offshore industry

Drillship postponed and Norway’s AGR ditches plans for Oslo listing

Martyn Wingrove - Tuesday 18 November 2008

CREDIT woes are having a increased impact on the offshore industry, with an Asian shipowner postponing an order for a new drillship and one Norwegian contractor pulling out of listing a subsidiary on the Oslo stock exchange.

Singapore-based subsea construction group Swiber Holdings has shelved its plans to order a deepwater drillship to focus on e...

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