Foreign offshore oil drilling contractors operating in Indian waters are lobbying for reversing the latest maritime rules that mandate higher safety conditions for offshore vessels and accommodation barges, citing technical constraints and cost involved.The rules, notified by the Directorate General of Shipping in October 2022, mandate mobile offshore drilling units, ...
In the 2023 stock market, when one group of companies falls out of favor, another has usually been ready to take its place. The latest winner is firms with the riskiest credit, poised for their best week since January versus their sturdier-balance-sheet counterparts.The outperformance is happening as credit-market stress eases, ...
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