South & Central Asia
Popular news, August 15 – 21, 2016
Popular news
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (August 15-21, 2016). Heron Expands Its Dredging Fleet with New Backhoe Heron Construction Ltd, a New Zealand company involved in dredging and marine construction works, has launched the latest addition to its fle
MTCC Wins Gaaf Dhaalu Coastal Protection Contract
Republic of Maldives’ Ministry of Environment and Energy has signed a contract with Maldives Transport and Contracting Company Plc (MTCC) for building coastal protection structures at Gaaf Dhaalu atoll Madaveli Island. The purpose of this project is to nourish, protect and prevent the Gaaf Dhaalu ar
Blue Water Secures USD 154 Mn Contract in Kazakhstan
A consortium led by the Denmark-based Blue Water Shipping won a USD 154 million contract with Tengizchevroil (TCO) to supply transport and logistics services. The consortium, led by Blue Water Shipping in partnership with Kazakhstan-based shipping company Kazmortransflot (KMTF), will be responsible
Zarubezhneft points to late-2017 launch for Ca Tam field
Russian oil company Zarubezhneft has informed that Vietsovpetro, its joint venture company with PetroVietnam, successfully continues the exploration of the Ca Tam field offshore Vietnam. Ca Tam field, also known as Sturgeon field, was discovered in 2014 during the test of the 2-X exploration well. A
Report: Booming Offshore Wind to Up Demand in HVDC Market
The global market for HVDC converter stations is expected to grow at a CAGR of more than 24% between 2016 and 2020, spurred on by the recent rise in offshore wind installations, according to a report issued by market analysts at Technavio. Power generated from offshore wind power plants needs to be
Report: 60 pct capacity in Swan Energy’s FSRU project sold
Swan Energy has reportedly secured the required backing to complete its FSRU project at Jafrabad port in Gujarat coast as India’s ONGC, IOC and BPCL booked 60 percent of the capacity in the project.
Samsung Heavy Selling Shares to Raise Close to USD 1 Bn
South Korea’s Samsung Heavy Industries (SHI) is looking to raise up to KRW 1.1 trillion (USD 982.9 million) through a rights offering in an aim to cut its losses and secure liquidity, the company said in a stock exchange filing. The company added that it plans to issue 159.1 million of new shares at
Woodside to drill at least four wells off Myanmar in 2017
Australian energy company Woodside is gearing up for an aggressive drilling campaign offshore Myanmar. Namely, the company is moving to accelerate commerciality of its recent gas discoveries made off the shores of Myanmar. Woodside has discovered 32 meters of net gas pay in the Myanmar Block A-6 Shw
Jakarta’s New Terminal Starts Operation
A new container terminal built by Nippon Yusen Kabushiki Kaisha (NYK Line), PT. Pelabuhan Indonesia II (IPC), Mitsui and PSA International (PSA) has commenced commercial operations at Tanjung Priok Port in Jakarta, Indonesia. The new terminal will be operated by the newly established company PT New
Petronas accused of breaking Sarawak state law. Dismisses allegations as ‘grossly inaccurate’
Malaysian energy giant Petronas is defending itself against allegation that the company is flouting the Sarawak state law when sending workers offshore. The Government of Sarawak, one of two Malaysian states on the island of Borneo, recently introduced a moratorium on all new applications for Petron
EIA: five Asian countries show slight increase in LNG imports
Liquefied natural gas imports into five Asian countries, Japan, South Korea, China, India and Taiwan have risen only 1 percent in the first six months of 2016 compared to the same period the year before.