South & Central Asia
Oil prices dip on ongoing oversupply, economic headwinds
By Henning Gloystein and Osamu Tsukimori SINGAPORE/TOKYO (Reuters) – Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come. International Brent crude oil futures <LCOc1> were trading at $45.51 per barrel a
Japan’s LNG imports decline in June
Imports of liquefied natural gas (LNG) by world’s largest consumer of the chilled fuel, Japan dropped 5.6 percent in June as compared to the same month a year ago. Japan imported 6.26 million mt of LNG in June, provisional data from Japan’s Ministry of Finance showed on Monday. The country’s coal im
SapuraKencana lands $113M worth Pemex deal
Malaysian oilfield services company SapuraKencana has been awarded a contract in the Gulf of Mexico’s Bay of Campeche by Mexican oil company Pemex. The contract, worth approximately $113 million, was awarded to SapuraKencana’s wholly-owned subsidiary company, SapuraKencana Mexicana S.A.P.I. de C.V.,
Indian Oil eyeing GSPC’s stake in Mundra LNG project
Indian Oil Corporation has reportedly started talks with Gujarat State Petroleum Corporation (GSPC) to buy its share in the 5 mtpa Mundra LNG import terminal currently being built in Gujarat.
ALE loads out first 30,000t Cat-J jack-up in South Korea
ALE, a global heavy-lift specialist, has completed the load-out of the first 30,000t Cat-J jack-up rig at the Samsung Heavy Industries Shipyard in South Korea by using its skidding system designed specifically for the project. ALE said on Monday that the 30,000t Cat-J jack-up rig was built on top of
Expro Bags ONGC Deal in India
International oilfield services company, Expro, has been awarded new contracts from India’s Oil and Natural Gas Corporation (ONGC). Worth in excess of USD 17 million over three years, the contracts will see Expro work on ONGC’s assets throughout western and eastern areas of India, including offshore
Popular news, July 18 – 24, 2016
popular news Offshore Energy Today Staff
Readers’ Picks of the Week (July 18 – 22, 2016)
Stolt-Nielsen Buys Jo Tankers’ Chemical Operations Stolt-Nielsen Limited has agreed to acquire the chemical tanker operations of Jo Tankers comprising 13 chemical tankers and a 50% share in a joint venture with eight chemical tanker newbuildings… Read More CMA CGM Enters Total NOL Takeover Mode Fren
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (July 18-24, 2016). GLDD Secures Over $8 Million for Delaware Beach Fill Project Great Lakes Dredge & Dock Company LLC of Oak Brook, Illinois, has won an $8.02 million Rehoboth Beach and Dewey Beach beach fill nou
Top news of the week July 18-23, 2016
Engie puts Cameroon LNG project on hold French utility and LNG player Engie has put on hold its plans on building a liquefied natural gas export plant on the coast of the Kribi region in southern Cameroon. Technip wins contract for SCT&E LNG project French engineering outfit Technip signed a master
Keppel sees no quick improvement in rig demand. Job cuts to continue
Singapore’s Keppel Offshore & Marine, one of the world’s largest rig builders, sees no quick recovery in demand for offshore drilling rigs, despite the somewhat higher oil prices. Also, presenting its financial results on Thursday, the company revealed the level of headcount cuts for the first half
Infographic: Global Maritime Security Incidents in 2016
Maritime security incidents on a global level declined by 24 percent in the first six months of 2016, compared with the same period in 2015, according to Control Risks, a global risk consultancy. This decrease has been driven by a 61 percent decline in cases in South-East Asia, where incidents of pi