South & Central Asia
Malaysian pair hooks up for brownfield oil & gas ops
Malaysia’s Petra Energy and MMC Oil & Gas Engineering will join forces to pursue selective opportunities involving engineering and design in brownfield activities of oil and gas in Malaysian market. The pair entered into a memorandum of understanding (MoU), agreeing to combine their resources and ex
OOCL Handles More, Earns Less in 1H 2016
Hong Kong-based container carrier Orient Overseas Container Line (OOCL) recorded a 16.9% drop in total revenues in the first six months of 2016 despite improving the volumes carried in the same period by 5.5%, according to an unaudited report released Friday, July 22. OOCL handled 2,890,208 TEUs in
G6 Alliance Fuses Asia – North America West Coast Services
Container carriers within the G6 Alliance are reshuffling their Asia–North America West Coast loops to adjust to market demand. As the G6 Alliance continues to review its product profiles, the Central China 1 (CC1) and CC2 will be merged into a combined service until further notice. The CC1/CC2 Comb
ExxonMobil agrees $2.5 bln InterOil acquisition
U.S.-based energy giant ExxonMobil on Thursday has agreed to acquire InterOil Corporation in a transaction worth more than US$2.5 billion, following the withdrawal of Total-backed Oil Search offer.
Total inks LNG supply deal with Chugoku Electric
Total of France signed a deal with Japenese utility, Chugoku Electric for the supply of liquefied natural gas for 17 years starting from 2019.
Four Alang Shipbreaking Yards Get EU Compliance Certificates
IRClass Systems and Solutions, an entity promoted by Indian Register of Shipping, has issued EU ship recycling regulation compliance certificates to four ship recycling yards in Alang, India. The four yards which have met the standards set by the EU and the Hong Kong Convention are Priya Blue Indust
VesselsValue: Who Are the Best Negotiators in Shipping?
The regions of Scandinavia, the Mediterranean and France-Belgium were the best negotiators in terms of vessel buying activity between 1 July 2015 and 30 June 2016, according to the first Country Overview Report issued by VesselsValue (VV). A ‘good negotiation’ could be assessed by comparing the diff
Transocean stacks six rigs, lands new deals
Offshore drilling contractor Transocean has stacked six rigs and has received new rig contracts as well as changed dayrates for several of its rigs. In the company’s latest fleet status report, covering a period from April to July 2016, the driller revealed that six rigs have been stacked; the 1999-
MOL finalizes charter deal for Uruguay FSRU project
Mitsui O.S.K. Lines, through its unit, Lakler S.A., concluded a 20-year charter contract with Gas Sayago of Uruguay for the FSRU project in Montevideo, Uruguay.
Gazprom, CNPC advance gas cooperation
Gazprom and CNPC approved the roadmaps for implementing the memorandum of understanding on underground gas storage and gas-fired power generation in China.
Maersk Line Plots New Asia-US East Coast Course via Panama Canal
World’s biggest container carrier Maersk Line is rerouting its TP12 Asia – US East Coast service through the expanded Panama Canal and turning it into a standalone, around-the-world service. From the Far East to the US East Coast the TP12 service will transit the new Panama Canal locks and call the
Chevron and JOVO Agree on LNG Supply Terms
Chevron Corporation has, through its wholly-owned subsidiary, Chevron U.S.A. Inc., signed a key terms agreement with Singapore Carbon Hydrogen Energy Pte. Ltd., a subsidiary of JOVO, for the delivery of liquefied natural gas (LNG) from Chevron’s global supply portfolio. When the LNG sale and purchas