South & Central Asia
India eyeing gas exchange start-up in October
India is eyeing the start of October as a deadline to establish a natural gas trading exchange as new supplies start flowing in through LNG terminal being set up on the country’s east coast.
Genting Hong Kong Slashes Full Year Loss
Genting Hong Kong managed to cut its 2017 net loss to USD 244.3 million from USD 504.2 million in 2016.
Samsung Electronics to Buy USD 192 Mn of SHI Shares
Samsung Electronics intends to participate in Samsung Heavy’s rights offering by investing KRW 204.06 billion.
International offshore rig count sinks to 185 units in March
The international offshore rig count for March 2018 dropped both sequentially and year-over-year, according to a Friday report by Baker Hughes, a GE company.
Bahri Ships 1st Saudi Aramco Chemical Cargo
Bahri is transporting the first chemical shipment from Aramco Trading Company (ATC), a subsidiary of Saudi Aramco.
K Line Secures USD 180 Mn Refinancing for LNG Tanker Duo
K Line secured a USD 180 million refinancing for two of its LNG vessels, according to Watson Farley & Williams.
Samudera Shipping Keeps Shedding Oldies
Samudera Shipping Line has finalized the sale of its 18-year-old Indonesia-flagged oil tanker, the Sinar Emas.
Seri Amanah Takes Petronas’ LNG Cargo to Hokuriku Electric
Petronas shipped its first LNG cargo aboard the LNG carrier Seri Amanah to Japan’s Hokuriku Electric.
PHOTO: FPSO Adolo preparing to set sail to Gabon as paint dries on new name
BW Offshore has officially named its new unit meant for the Tortue oil field development, located offshore Gabon as part of the Dussafu Production Sharing Contract (PSC), where it will set sail soon.
Okinawa tech institute to trial wave energy units in the Maldives
The Okinawa Institute of Science and Technology Graduate University (OIST) has signed a memorandum of understanding (MoU) for a project that will test the prototype technology which harnesses the energy from surf waves along the shoreline to produce power.
South Korea Reveals 200-Strong Fleet Renewal Plan
South Korea determined on reviving its ailing shipping industry following Hanjin Shipping’s demise.
Gazprom’s LNG deliveries to India’s GAIL starting in May
India’s gas company GAIL is set to start receiving Russian liquefied natural gas (LNG) in May, according to the country’s minister of petroleum and natural gas.