South & Central Asia
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (March 04 – March 10). This content is available after accepting the cookies. Change cookie-settings View on Subseaworldnews. Subsea 7 Confirms Woodside Hat Trick https://subseaworldnews.com/2019/03/07
Four Port Trusts Buy Dredging Corporation of India
The Government of India signed a shareholders agreement today to sell its 73.47 per cent stake in Dredging Corporation of India Ltd (DCI) to four major port trusts for Rs1,056 crore ($150.7 million), The Hindu Business Line reports. The decision to sell the government’s entire stake in DCI to govern
BW takes delivery of its third FSRU
Singapore-based gas shipping giant BW Group on Friday said it has taken delivery of its newbuild FSRU from the South Korean Daewoo Shipbuilding & Marine Engineering (DSME).
Hyundai Heavy Inks Formal Contract to Take Over DSME
HHI signs a formal deal to proceed with the acquisition of DSME.
Aibel cuts first steel for Johan Sverdrup’s processing platform
Aibel has cut first steel for the P2 processing platform for the Equinor-operated Johan Sverdrup development located offshore Norway.
HHI agrees DSME takeover deal with Korea Development Bank
South Korean shipbuilder Hyundai Heavy Industries has signed the formal deal with Korea Development Bank to complete the purchase of its compatriot Daewoo Shipbuilding & Marine Engineering.
Petronas 2018 LNG sales decline, profit up on higher prices
Malaysian energy giant Petronas reported lower liquefied natural gas sales drop for the quarter and the full year 2018.
Worldwide offshore rig count in February up both sequentially and year-over-year
The worldwide offshore rig count for February 2019 increased by 6 units sequentially and by 59 units year-over-year, according to Thursday’s report by Baker Hughes, a GE company (BHGE).
Creditors to Get Majority Control of Hanjin Heavy
Lenders will obtain majority control of the Hanjin Heavy Industries & Construction.
GWEC and World Bank Group Target Emerging Offshore Wind Markets
The Global Wind Energy Council (GWEC) and the World Bank Group (WBG) have revealed plans to work together on efforts to develop offshore wind in emerging markets. This follows the World Bank Group’s launch of a new programme to fast-track the adoption of offshore wind energy in developing countries,
GWEC and World Bank Group Target Emerging Offshore Wind Markets
The Global Wind Energy Council (GWEC) and the World Bank Group (WBG) have revealed plans to work together on efforts to develop offshore wind in emerging markets. This follows the World Bank Group’s launch of a new programme to fast-track the adoption of offshore wind energy in developing countries,
K Line Readies for Major Loss, Starts Structural Reform
K Line unveils structural reforms as it prepared to record up to USD 900 million of losses this year.