South & Central Asia
SapuraKencana, Petronas scrap $400M Vietnam deal
Malaysia’s SapuraKencana in late 2014 entered into an agreement to buy Petronas Carigali’s offshore assets in Vietnam, however the deal is now off. According to SapuraKencana’s statement on Friday, January 22 2016, the conditional sale and purchase agreements on the proposed Vietnam transaction have
Taiwan Aims for 4 GW of Installed Offshore Wind Capacity by 2030
Taiwan expects its offshore wind energy projects to attract TWD 2.5 billion (USD 74.6 million) of fresh investments in 2016, with the sector projected to draw in a total of TWD 670 billion of new investments by 2030, according to the country’s Bureau of Energy, Ministry of Economic Affairs. The coun
China LNG imports down in 2015
LNG imports into China reached 19.63 million tonnes in 2015, down 1 percent year on year, according to the General Administration of Customs data. China, the world’s largest energy consumer, imported 2.1 million tonnes of liquefied natural gas in December, an increase of 4.6 percent, the data showed
LNGWN poll: Shell shareholders say yes, but what about BG?
The shareholders of Royal Dutch Shell will vote in favour of the proposed Shell-BG combination, a poll conducted last week by LNG World News reveals.
Schlumberger lays off 10.000
Schlumberger, world’s largest oilfield services provider slashed 10.000 jobs in the fourth quarter of 2015. The company said that the reason was an expected extended activity weakness in the first half of 2016. This led the company to recognize in the fourth quarter $530 million in pretax restructur
Lundin sells FPSO Bertam to Malaysian oil services provider
Lundin Petroleum has entered into an agreement to sell the FPSO Bertam to M3nergy Investment Ltd, a subsidiary of M3nergy Berhad of Malaysia. Lundin Petroleum will receive a cash consideration of $265 million, based on a transaction effective date of January 1, 2016. Lundin Petroleum and M3nergy hav
Inpex agrees to sell gas to Nihonkai Gas
Inpex Corporation of Japan on Friday signed a gas sales and purchase agreement (SPA) with Nihonkai Gas.
Cosco Ups Its Offer for Piraeus
Greece accepted on Wednesday the improved offer tabled by China’s port operator Cosco Group (Hong Kong) Limited for the obtaining of 67% stake in the country’s largest port of Piraeus. Cosco, which was also the sole bidder in the tender, submitted the offer last week, however the fund requested that
ALE loads-out final Ichthys LNG modules
ALE said on Thursday it has completed the final module load-out for the Inpex-operated 8.9 mtpa Ichthys LNG onshore facilities in Thailand.
Otto Marine Secures 2nd Gig with Unnamed Port Operator
Otto Marine’s wholly-owned subsidiary, Go Offshore has entered into an agreement with an undisclosed port operator, to become the latter’s preferred offshore and marine service provider. Under the deal, GO Offshore will be the preferred service provider of the port operator’s marine or offshore vess
NYK Line Takes Delivery of New Coal Carrier
Japanese shipping company Nippon Yusen Kaisha (NYK Line) took delivery of a new 90,781 dwt coal carrier, Shin Sekiyo, from Nagasaki-based shipyard Oshima Shipbuilding Co. Ltd. on January 15. After delivery, Shin Sekiyo, the successor to the first Sekiyo operated by NYK, will be assigned to transport
Polarcus Breaking Records Off Myanmar
Seismic player Polarcus informed it is setting new acquisition performance records in its 3D marine seismic project offshore Myanmar. Namely, the company’s seismic vessel, Polarcus Amani, is towing an in-sea configuration that measures 1.8 kilometers wide across the front ends. With each of the ten