South & Central Asia
Causeway Bay Typhoon Shelter Scheme in Full Swing
The Causeway Bay Typhoon Shelter project is progressing towards its next phase, which involves the marine works inside the area. With immediate effect and for a period of approximately 15 months, marine works involving dredging operations, temporary reclamation, construction of temporary seawall and
Report: Petronet LNG looking to alter Gorgon supply deal
Petronet LNG, India’s largest importer of liquefied natural gas has reportedly started talks with ExxonMobil to alter the pricing terms of the 1.4 mtpa supply deal from the Chevron-led Gorgon LNG project in Australia.
Larger Fleet Boosts Singapore Shipping Corp’s FY Profit
Singapore Shipping Corporation Limited (SSC) reported a full year profit for the financial year ended March 31 worth USD 9.58 million, up by 7.8 per cent when compared to the USD 8.89 million recorded in the previous fiscal year. The group’s total revenue reached USD 44.9 million, an increase of 29.
SapuraKencana hits more gas offshore Malaysia
Malaysia’s SapuraKencana Energy (SKE) said it has made another “significant” gas discovery from its three-well drilling campaign at Block SK408 in the Sarawak area offshore Malaysia. The first well, Jerun-1 is a discovery located approximately 5km north of the 2014 Bakong gas discovery. Based on ana
Gazprom talks LNG, natural gas cooperation with Chinese partners
Gazprom’s head, Alexey Miller on Monday met with Liu Jian, president of CNOOC and CNPC’s BoD chairman Wang Yilin to discuss cooperation in LNG and natural gas sectors, respectively.
Tasik Subsea Splashes DSV Southern Star
Singapore-based Tasik Subsea has launched its IACS-classed diving support vessel the ‘Southern Star’ in China. Reportedly, a five-year bareboat charter has already been signed for the vessel, scheduled to come into service early next year. The 112-metre, DP3, saturation/air dive and ROV support vess
SapuraKencana Energy makes ‘significant’ gas discovery offshore Malaysia
Malaysia’s SapuraKencana Energy (“SKE”) on Tuesday announced another significant gas discovery from its three wells 2015 drilling campaign within the Block SK408 Production Sharing Contract (PSC) area, offshore Malaysia. All three wells targeted non-associated gas within the primary target Late Mioc
B.C.’s premier Clark extends LNG MoU with JOGMEC
Christy Clark, the prime minister of the Canadian province of British Columbia renewed an LNG agreement B.C. has with Japan Oil, Gas and Metals National Corporation (JOGMEC).
CMES Injects USD 382 Mn in ICBC’s Valemax Owner
Shanghai-listed China Merchants Energy Shipping (CMES) is investing USD 381.9 million in Marshall Islands-incorporated VLOC Maritime Holdings Limited, a company controlled by ICBC Financial Leasing Co., Ltd, specializing in VLOC ownership. Under the deal, CMES will take 30% stake in the company whic
CMA CGM Goes “All In” on USD 2.4Bn NOL Acquisition
French container shipping giant CMA CGM has announced its “firm intention” to make an all-cash voluntary conditional general offer for all the outstanding shares of Neptune Orient Lines Limited (NOL), Southeast Asia’s largest container shipping company. The offer extends to the shares other than tho
Oil Spills from Tanker off Penang, Malaysia
An oil spill originating from a vessel anchored in Perai Bulk Terminal, which was spotted on Friday night off the coast of Penang, Malaysia, was cleaned after affecting over 5 km of coastline, according to local media. The salvage and cleanup operations of the oil spill, which spread to some 77 squa
Thailand’s PTT eyes $28 mln Map Ta Phut LNG terminal expansion
PTT of Thailand is reportedly planning to invest US$28 million to increase the capacity of its Map Ta Phut LNG import terminal by 1.5 million tons of liquefied natural gas per year.