August 25, 2015

Singapore Sets September Election (International Business Times)

Singapore’s parliament was dissolved Tuesday by President Tony Tan Keng Yam, who also announced the upcoming general election that could pose a serious challenge to the country’s venerable Lee dynasty.

The president was acting on the advice of Prime Minister Lee Hsien Loong, and Singapore’s constitution dictates that a general election must be held within the next three months. The election will be held on Sept. 11, according to Reuters.

The vote will be the first since the death of the prime minister’s father and Singapore’s former leader Lee Kuan Yew in March. The city celebrated its fiftieth year of independence earlier this month.

“This election will be critical. You will be deciding who’s governing Singapore for the next five years, but much more than that… you will be setting the direction for Singapore for the next fifty years, you will be determining the future for Singapore,” the prime minister said in a televised address Sunday, Agence France-Presse reported.

The elder Lee’s People’s Action Party (PAP) has ruled the country since it gained independence from Malaysia in 1965, and has been seen as being responsible for its transformation into a regional success story.

This election will also see the most significant challenge mounted against the PAP, with nine active opposition parties contesting all 89 parliamentary seats — the first time this has happened since 1963, according to Channel News Asia.

The PAP has been introducing candidates in recent weeks, breaking from previous elections, where voters only found out who was running in their constituency on Nomination Day, set for Sept. 1.

PAP Organizing Secretary Ng Eng Hen had explained the change earlier this month: “We believe that this is better politics. It’s better to tell the residents up front who is standing in their constituency so they can examine on record, what candidates have done, can do and they can make intelligent choices after examining whoever the political parties who are standing, who can better serve them.”

Among the opposition parties, the Workers’ Party (WP) is reportedly expected to field the largest roster, contesting 28 seats, up from 23 in the last general election in 2011. The other parties are expected to contest up to 11 seats each.

A survey by local research firm Blackbox found that the current PAP government enjoyed a “satisfaction index” of 76 percent in July, after peaking at 80 percent in April after Lee Kuan Yew’s death.

However, specific indicators showed cause for greater concern. Satisfaction with cost of living in July stood at just 42 percent, housing affordability at 53 percent, public transport at 57 percent and population management at 61 percent.

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Drillship Market and Top Drive Systems to see Steady Growth to 2020, Says New Global Research Reports (PR Newswire)

PUNE, India, August 25, 2015 /PRNewswire/ —

Global Drillship Market 2015 Industry Research Report and Top Drive Systems Market by Type, Application, Vessel Type (Jackup, Drillship, Semi-Submersible), & by Region Global Trends & Forecasts to 2020 are new research titles now available with

Complete report on drillship market spread across 137 pages, analyzing 3 key companies and supported with 155 tables and figures is now available at .

The Global Drillship Industry 2015 Market Research Report covers a basic overview of the industry including definitions, classifications, applications and industry chain structure. The drillship market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.

The 2015-2020 drillship market research focuses on global major leading industry players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The drillship market development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered. With 155 tables and figures to support the drillship market analysis, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

The 3 key companies of drillship market profiled and analyzed in this research include Samsung Heavy, DSME and Hyundai Heavy Industries. Order a copy of Global Drillship Market 2015 Industry Research Report at .

The second research titled Top Drive Systems Market by Type (Electric & Hydraulic), Application (Onshore & Offshore), Vessel Type (Jackup, Drillship, Semi-Submersible), & by Region (North & South Americas, Europe, APAC, Middle East & Africa) – Global Trends & Forecasts to 2020 says top drive systems market is projected to grow from an estimated value of $1,270.2 Million in 2014 to $1,541.6 Million by 2020, at a CAGR of 5.7% from 2015 to 2020. The electric top drive system accounted for the major market share of 88%, followed by hydraulic top drives, which held a share of 12% in 2014. This report provides an analysis about the drivers, restraints, and opportunities of the global top drive market. Growth in drilling and exploration activities and increasing need for energy from emerging economies are expected to be the major drivers in increasing the usage of top drives globally. However, with the current oil price scenario, the growth would be limited this year; however, it is expected to regain its growth in the coming years once the crude price is stabilized. Furthermore, growing offshore oil & gas reserves provide huge growth opportunities to the top drive market. This report also covers the activities of major key players in this segment, and strategies adopted by them through expansions, mergers &acquisitions, and new product launches.

The onshore segment holds the major share in the top drive market. Offshore drilling requires precise and advanced technologies, making its drilling a capital intensive one. At the same time, complexities and service requirement are more in the case of offshore drilling activities. Although, offshore application holds a lesser market share, it is expected to grow at a faster pace. North America holds the largest market due to rise in exploration & drilling activities and an increase in the number of drilling rigs. The U.S. dominates the market in this region due to the development of shale gas and technological innovations. The demand for top drive for onshore as well as offshore purposes is boosting the region’s global position.

Major companies profiled in this research include Aker Solutions, Cameron International Corporation, Honghua Group Limited, National Oilwell Varco, Inc., Tesco Corporation, Axon Energy Products, Bentec GmbH Drilling & Oilfield Systems, Canrig Drilling Technology Limited, Daqing Jinghong Petroleum Equipment Corporation, Foremost, Panjin Liaohe Oilfield Tianyi Petroleum Equipment Company Limited and Warrior Manufacturing Services Limited.  Comprehensive table of contents and more on Top Drive Systems Market by Type (Electric & Hydraulic), Application (Onshore & Offshore), Vessel Type (Jackup, Drillship, Semi-Submersible), & by Region (North & South Americas, Europe, APAC, Middle East & Africa) – Global Trends & Forecasts to 2020 research report is available at .

On a related note, also offers Offshore Drilling Rigs Market by Type (Jackup, Semi-Submersibles, Drillships), by Application (Shallow Water, Deepwater, Ultra-Deepwater) & Geography ( North America, Latin America, Europe, the Middle East, Asia-Pacific, Africa, ROW) – Global Forecast to 2019 that says Asia-Pacific has the highest growth rate because of increasing shallow water explorations in the waters of Indonesia, Malaysia, and Australia. Latin America dominates the global offshore drilling rigs market. In Latin America, Brazil is the largest market and is led by Petrobras ( Brazil), with investments in offshore regions for drilling and production. The offshore drilling rigs market is segmented into six regions, namely, North America, Latin America, Europe, Africa, Asia-Pacific, the Middle East, and RoW. The offshore drilling rigs market is further segmented by types and application. Some of the key companies profiled include Aban Offshore ( India), Atwood Oceanics (U.S.), China Oilfield Services Ltd. ( China), Diamond Offshore Drilling (U.S.), Ensco plc. (U.K.), Hercules Offshore Inc.(U.S.), KCA Deutag (U.K.), Maersk Drilling ( Denmark), Nabors( Bermuda), Pacific Drilling (Luxemborg), Parker Drilling(U.S.), Rowan Companies Inc.(U.S.), Seadrill( Bermuda), Transocean( Switzerland), and Vantage Drilling (U.S.). Read more at .

Explore more reports on energy and power market as well as those related to manufacturing and construction industries at .

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