South & Central Asia
Fugro Nets ROV Gig Off India
Fugro has been awarded a contract by Indian oil and gas company, ONGC, for the provision of ROV services on board the drillship Sagar Vijay. The contract, which was signed at ONGC’s offices in Mumbai, involves providing support for deepwater drilling operations off the east coast of India, in depths
Total, Kogas, strengthen LNG cooperation
Total of France and Korea Gas Corporation (Kogas) signed a memorandum of understanding to expand the cooperation in exploring opportunities throughout the LNG value chain.
India interested in building LNG plant in Iran
India’s minister of state for petroleum and natural gas, Dharmendra Pradhan voiced the interest from Indian companies to invest in LNG projects in Iran during his recent meeting with Bijan Namdar Zanganeh, Iran’s minister of petroleum in Tehran.
Drewry: Pacific Contract Rates to Get Further Eroded
Pacific contracts currently being negotiated by many transpacific exporters and importers are to be hit by further fall in rates during the second quarter of 2016, shipping consultancy Drewry expects. The forecast comes as ocean freight rates for cargo moving under contracts on the major East-West t
ARENA funds wave energy research
Australian Renewable Energy Agency (ARENA) has provided financial support for wave energy array research and development project through its latest industry-researcher collaboration R&D funding round.
Terra et Aqua: Spotlight on Rock Cutting Processes
In its latest edition of Terra et Aqua, the International Association of Dredging Companies (IADC) has released an article named ‘Modelling the effect of water depth on rock cutting processes with the use of discrete element method’. Whether it is for the construction of ports on new locations, the
Woodside, Pertamina pen LNG supply HOA
Woodside Energy Trading Singapore, unit of the Australian LNG player Woodside, on Wednesday signed heads of agreement with Indonesia’s Pertamina for long-term supply of liquefied natural gas.
Newbuilding Orderbook Takes a Nosedive in Q1
The first quarter of 2016 was hit by a major decline in ordering newbuilds with only 77 new ships ordered by the end of March 2016, Clarksons data shows. This is a substantial drop when compared to the corresponding period in 2015 when a total of 375 ships were ordered. January was definitely the sl
Oil hits 2016 high above $43 on producer meeting hopes
By Alex Lawler LONDON (Reuters) – Oil rose above $43 (30 pounds) a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak U.S. dollar and further signs of strong demand in China. […]
IADC Releases ‘Beyond Sand & Sea’
To celebrate the 50th anniversary of the founding of the International Association of Dredging Companies (IADC), a limited edition book ‘Beyond Sand & Sea‘ has now been released. The book shows the last 50 years of dredging achievements as depicted through 50 iconic projects. Spanning the globe, the
Greatship in Vessel Sale
Greatship Global Offshore Services, a Singapore incorporated subsidiary of Greatship (India), has struck a deal to sell its ROV support vessel Greatship Ragini. Greatship Ragini was delivered from Colombo Dockyard Plc, Sri Lanka in 2013, has an overall length of 78 meters and beam length of 17 meter
Japan: price of spot LNG arriving in March drops
Japan’s price of spot liquefied natural gas cargoes arriving in March averaged US$6.8 per mmBtu on DES basis.