South & Central Asia
Highlights of 2015: Editors’ Picks
2015 has been a momentous year for the offshore wind industry, and creating a list of highlights is not an easy task. However, after much deliberation, our editors have compiled a subjective overview of significant changes in the offshore wind landscape in 2015. DONG to Build World’s Biggest Offshor
China Merchants Cleared to Acquire Sinotrans & CSC Holdings
China Merchants Group’s acquisition of Sinotrans & CSC Holdings Co has received official clearance from the Chinese government, the state asset regulator said on Tuesday. Hong Kong-listed Sinotrans informed that it has been notified by the state-owned Assets Supervision and Administration Commission
Keppel wins LNG FSU conversion deal from Bumi Armada
Keppel Offshore & Marine on Tuesday informed its unit, Keppel Shipyard has been awarded an LNG FSU conversion contract from Bumi Armada.
Bumi Armada secures $1.12B loan for ‘Armada Olombendo’ FPSO
Malaysia’s Bumi Armada has secured a loan amounting up to $1.12 billion from several banks. The company will use the proceeds to deliver a floating, production, storage and offloading unit – FPSO – which will be leased to Italy’s Eni, under a contract signed in August, 2014. The FPSO, to be named Ar
Keppel O&M Closes Year with Four Contract Wins
Keppel Offshore & Marine has through its subsidiaries won four contracts worth a total of about S$125 million (USD 88 million) from repeat customers. In Singapore, Keppel O&M’s wholly-owned subsidiary Keppel Shipyard Ltd secured two conversion contracts. The first is for a Liquefied Natural Gas (LNG
Keppel nets $88M in new contracts from repeat clients
Singapore’s Keppel Offshore & Marine Ltd has through its subsidiaries secured securing four contracts worth a total of about S$125 million (USD 88.6 million). In Singapore, Keppel O&M’s Keppel Shipyard secured two conversion contracts – the first is for a Liquefied Natural Gas (LNG) Floating Storage
Petronas: PFLNG1 95 pct complete
Petronas of Malaysia on Tuesday informed its first floating LNG unit, the PFLNG1, has reached the 95 percent completion mark.
Petronas PFLNG1 95% complete
Malaysia’s oil and gas giant Petronas has said that its first floating LNG unit, the PFLNG1, remains on track for first production in 2016. Petronas on Tuesday said the PFLNG1 has reached a 95% overall progress in its construction. The vessel, being built in South Korea by Daewoo Shipbuilding Marine
Sinopacific delivers PSV trio to Mexican client
China’s Sinopacific Shipbuilding Group has delivered three platform supply vessels (PSV) to the shipowner Naviera Petrolera Integral S.A. de C.V. at Zhejiang Shipyard. The three platform supply vessels of the SPP17A design were ordered in July 2014. The vessels will support an oil and gas exploitati
HHI Workers Support the Wage Deal
Unionized workers of South Korean shipbuilder Hyundai Heavy Industries (HHI) have voted in favor of a tentative agreement reached last week, Yonhap News Agency reports. Over 15,000 votes were cast by the workers on Monday, 58 percent of which supported the wage agreement. HHI and its workers agreed
South Korea’s gas demand to drop 5 percent by 2029
South Korean gas demand is forecast to drop 5 percent over the following 15 years according to the country’s Ministry of Trade, Industry and Energy (MOTIE).
Oil falls towards $37, near 11-year low, as excess supply weighs
Oil fell towards $37 (25 pounds) a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has more than halved prices since the downturn began in mid-2014.