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Swiber loses three ONGC contracts in India

Swiber Holdings has seen three projects it has been working on in India for Oil and Natural Gas Corporation (ONGC) be cancelled.

Swiber, an oilfield services company which sought judicial management in Singapore in July, had suffered a number of delays in getting its Indian projects done on time and ONGC has had enough, telling Swiber’s court appointees it will carry out the work itself.

Swiber said in a release it will be engaging ONGC and other stakeholders directly to explore other options to complete the projects.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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