The offshore oil and gas industry is a key driver of the region’s economy and has contributed significantly to the Asia’s development for the past years. Besides the keen competition within the industry, the industry is also exposed to macro-economic uncertainty and volatile global market conditions.
The offshore oil and gas sector has been going through rough times and is primarily concerned with the falling oil prices and slowing production demand. With the falling oil prices, there is a softening of the oil rig markets directly causing a decrease in demand.
Despite the lingering uncertainties in the global economic environment, the long term fundamentals for the offshore oil and gas sector remains strong. Riveria Marketing Pte Ltd is well positioned as one of the major supplier to the offshore oil and gas market by providing unrivalled after-sales service support, shorter delivery lead time and an extensive customer base.