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Offshore services: Will history repeat itself?
Aug 21, 2007They say history repeats itself. Nothing fits this adage better than a cyclical business. Thanks to high oil prices, exploration and production activities have grown manifold over the past two years, driving up the rates for offshore assets like rigs and offshore support vessels (OSVs) to unprecendeted levels.
Aban Loyd posts net loss in 3QFY00
Jan 29, 2000Aban Loyd has posted a net loss of Rs 31 m during the quarter ended 31st December 1999. The company has suffered from a sharp fall in topline even as expenditure continued to rise sharply. The interest expenditure has however declined. The rise ein other income has compensarted for the decline in topline.
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