South & Central Asia
MOL Starts LNG Coastal Shuttle Project in Indonesia
Japanese shipping company Mitsui O.S.K. Lines (MOL) has teamed up with Indonesia-based PT Pelindo Energi Logistik (PEL) to launch joint shuttle transport operation of the 2000-built LNG carrier Triputra. Featuring a length of 151 meters and a breath of 28 meters, the Triputra, which conducted the pr
International offshore rig count up sequentially, down YOY
Oilfield services provider Baker Hughes reported on Friday that the international offshore rig count in April 2016 was up sequentially, but down year over year. According to Baker Hughes’ report, the international rig count for April 2016 was 946, down 39 from the 985 counted in March 2016, and down
One Dead in Collision between Tanker and Fishing Boat
One person died in a collision between an oil tanker and a fishing vessel off the coast of Yeosu in South Korea, the Yonhap News Agency cited coast guard. The accident, which occurred in the evening hours of May 5, involved a 62,000-ton tanker and a 4-ton shrimp boat. The deceased was identified as
CEC: ARENA grants funding key for renewables innovation
It is crucial that the Australian Renewable Energy Agency (ARENA) has clear and long-term access to grant funding to deliver the renewable energy innovation that will create a 21st century energy system, the Clean Energy Council said.
Report: China’s Installed Wind Capacity to Reach 495 GW by 2030
Wind power installed capacity in China will more than treble from approximately 149 Gigawatts (GW) in 2015 to over 495 GW by 2030, representing a Compound Annual Growth Rate (CAGR) of 9%, according to research and consulting firm GlobalData. The company’s latest report, Wind Power in China, Market O
Oil prices dip as strong dollar outweighs supply disruptions
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Friday, dragged down by a surging dollar that at least temporarily outweighed supply disruptions in North America, where a massive wildfire was threatening Canada’s huge oil sands operations. The dollar firmed against the euro and yen o
Peru ships LNG to China, Mexico
Peru’s only liquefaction facility at Pampa Melchorita recently dispatched two cargoes of liquefied natural gas to China and Mexico.
Primeline enters second phase of exploration in East China Sea block
Primeline Energy has agreed with China National Offshore Oil Corp. (CNOOC) that it will enter the next and second phase of exploration commitment under the petroleum contract for Block 33/07, in the East China Sea. Block 33/07 is located about 390 kilometers of Shanghai in the East China Sea, with w
Fitch: Yamal LNG $12bl finance deal reduces risks of delays
The Yamal LNG project finance deal with major Chinese banks has reduced the likelihood of significant project delays, and further capital injections from the project partners are much less likely to be needed, according to Fitch Ratings.
EU Shipowners Want Progress at Alang Shipbreaking Yards to Be Rewarded
Ship recycling practices in Alang, India, are gradually improving, the European Community Shipowners’ Associations (ECSA) says, following a fact-finding visit from last week to Alang. “The European Commission should acknowledge this positive development under the EU Ship Recycling Regulation. Adopti
IRENA Launches Upgraded Global Atlas for Renewable Energy
The International Renewable Energy Agency (IRENA) has launched a new version of the Global Atlas for Renewable Energy, the online renewable energy mapping platform, which now allows users to download resource data for offline analysis, and to print and export map images. The enhancements include an
Enrica Lexie Case: Court Orders Return of Italian Marine
One of the two Italian Navy marines, being held in India after they were accused of killing two Indian fishermen in February 2012 while on anti-piracy duty, was granted permission to return to Italy until the arbitration process, which began in June 2015, is concluded, the Italian Ministry of Foreig