South & Central Asia
Ningbo Port Eyes 85Pct Stake in Zhoushan Port
Ningbo Port has set sights on buying out 85% of outstanding stake in Zhoushan Port from parent Ningbo Zhoushan Port Group, Ningbo Port Group said in a Shanghai Stock Exchange (SSE) filing. The purchase is to be financed from the proceeds to be collected from share sale, a total of expected USD 457.5
CNOOC starts production from Kenli 10-4 field
CNOOC Limited announced on Wednesday that the Kenli 10-4 oilfield, offshore China, has started production. The Kenli 10-4 oilfield is located in the South of Bohai with an average water depth of approximately 15 meters. In addition to fully utilizing the existing facilities of Kenli 10-1 oilfield, t
ITF to Finance Seaman Guard Ohio Crew’s Appeal
The International Transport Workers’ Federation (ITF) will pay for legal support for the court appeal of the recently sentenced anti-piracy ship Seaman Guard Ohio’s crew members. “We have now completed a full legal analysis of the court’s judgment and we firmly believe there are grounds for appeal.
Preparations in Full Swing for the 21st World Dredging Congress
Western Dredging Association (WEDA) is gearing up for the 21st World Dredging Congress and Exposition (WODCON XXI) that will take place in Miami this June. Considered the most important and anticipated event for dredging professionals worldwide, WODCON is the only global event dedicated exclusively
Clough wins Ichthys LNG CPF hook-up job
Samsung Heavy Industries contracted LNG specialist Clough to perform hook-up services on the Inpex-operated Ichthys LNG project’s central processing facility (CPF).
Clough nets Ichthys CPF hook-up work
Clough announced on Wednesday that Samsung Heavy Industries Co. Ltd. (SHI) has awarded a contract for hook-up services on the Ichthys LNG Project Central Processing Facility (CPF). The Ichthys CPF will become the world’s largest semi-submersible platform with a topsides weight of 70,000 tonnes. Acco
Chevron: gas production starts at Chuandongbei project
Chevron said on Tuesday its Chinese unit, Unocal East China Sea started producing gas from the first stage of the Chuandongbei project in southwest China.
Jinhui Shipping Predicts Bad Fortune for 2015 Results
Due to record-low freight rates in the dry bulk shipping market, the Hong Kong-based marine transportation company Jinhui Shipping and Transportation Limited expects to record a wider net loss for the fourth quarter and year ended 31 December 2015, compared to a year earlier. “Year 2015 was another
Crude Oil Tanker Market to Surge in 2016
The crude oil tanker market is expected to grow strongly in 2016, with projected fleet increase of 4.3%, BIMCO said. Most of the new tankers will be delivered in the second half of 2016 and the demolition activity is likely to stay subdued as the market enjoys high rates. Following a considerably qu
Santos: Bestari appraisal meets expectations (Malaysia)
Japan’s JX Nippon has completed drilling of the Bestari-2 appraisal well, offshore Sabah, Malaysia, and according to Santos, a partner in the project, the initial results are in line with expectations. The well, testing the Bestari oil discovery, located offshore Malaysia in the Block R Production S
Triyards CEO Steps in as Ezra’s Interim CFO
Singapore-listed offshore O&G contractor, Ezra Holdings, has appointed Chan Eng Yew as its interim chief financial officer (CFO), to oversee all financial matters within the Group, effective January 27, 2016. He will replace Eugene Cheng Chee Mun, who has been with the company since 2012, and will n
ExxonMobil: natural gas demand to rise 50 pct
Texas-based energy giant ExxonMobil said in a report on Monday that natural gas and LNG are expected to meet about 40 percent of the growth in global energy needs and demand for the fuel will increase by 50 percent. “In 2040, oil and natural gas are expected to make up nearly 60 percent of global su