South & Central Asia
China’s gas reserves up
China, the world’s largest energy consumer, is estimated to have 90 trillion cubic meters (tcm) of natural gas resources, the country’s Ministry of Land and Resources announced on Monday citing results of a study completed last year. This represents a rise of 158 percent when compared to the last as
Kreuz Subsea Delivers Project Off India
Singapore-based Kreuz Subsea recently undertook a hot tapping project on live pipelines, completing three hot taps and interconnecting spools for an EPC contractor and an undisclosed oil and gas major, on the West coast of India. Oceaneering’s smart taps (2 x 12” + 1 x 14”) with furmanite tooling, w
KDB bankrolls U.S. FLNG project
Korea Development Bank last week said it has agreed to provide US$1.5 billion for the proposed Delfin FLNG project 50 miles off the coastline of Cameron Parish, Louisiana.
Drewry: Container Shipping Rates Still Short of Previous Levels
Although container shipping spot rates should be more stable through the rest of the year, presuming carriers have ended their rate war, the average rates in 2016 are expected to be lower than last year, according to shipping consultancy Drewry. In recent weeks there have been some large increases i
South Korea Starts Lifting Sewol Wreck
South Korea’s Ministry of Oceans and Fisheries (MOF) has launched the salvage operation to recover the wreck of the Sewol ferry, which sank more than two years ago with over 300 people on board, according to Korea Herald. The authorities expect that the vessel’s bow could emerge from the water off S
Indian Consortium Asks GAIL to Bend LNG Tender Rules
A consortium made up of India’s Cochin Shipyard Limited and Global United Shipping India is in talks with the country’s gas utility GAIL India Ltd, to consider late submission of the bid to build liquefied natural gas (LNG) vessels, after the companies failed to meet the application deadline, accord
Indian companies in late bid for GAIL LNG tender
A consortium formed by the Cochin Shipyard and Global United Shipping India recently bid jointly to build six liquefied natural gas carriers for GAIL under the utility’s US$7 billion tender.
Bulk Carrier Aground off Philippines
M/V Chang Hang Feng Hai, a Chinese-flagged vessel loaded with 55,000 tons of lateritic nickel ore ran aground off Cagdianao, Surigao del Norte in Mindanao, Philippines on Saturday, according to Philippine Coast Guard. After the incident was confirmed, the coast guard dispatched a team to the area in
EWC: Pagbilao LNG hub moves ahead (Gallery)
Energy World Corp, recently informed it is moving ahead with the construction works at its Pagbilao LNG facility in the Philippines.
Moody’s: Paris Climate Agreement to Boost Wind Turbine Sales
Wind turbine makers are set to benefit from the Paris Climate Agreement (COP21) as the call for increased investments to meet a targeted reduction in CO2 emissions is expected to positively impact their sales figures, according to Moody’s Investors Service. The increased investment, particularly in
EMAS CHIYODA Subsea Gets New Major Shareholder
Ezra Holdings, Chiyoda Corporation and Nippon Yusen Kabushiki Kaisha (NYK) have entered into a binding agreement for NYK to invest in EMAS CHIYODA Subsea (ECS), which is currently a 50:50 joint venture company owned by Ezra and Chiyoda. Through the acquisition of shares from Ezra and Chiyoda, NYK wi
Carnegie wins 2016 Sustainability Initiative Award
Carnegie Wave Energy has received recognition for its efforts in providing sustainable and clean energy at the Fremantle Chamber of Commerce Business Awards.