South & Central Asia
Malaysia: JX Nippon gets approval for Beryl field development plan
Petronas has approved JX Nippon Oil & Gas Exploration’s development plan for the Beryl gas field offshore Sarawak, Malaysia.
SBM Offshore lands $750M loan for Liza FPSO
SBM Offshore gas completed the project financing of Liza FPSO, to be deployed offshore Guyana, for a total of $720 million. The Dutch company has obtained the cash from a consortium of twelve international banks. The Liza FPSO will be owned and be operated by SBM Offshore, and will, once completed,
OCEAN Alliance Presents Its Day Two Product
The OCEAN Alliance has unveiled its Day Two Product, which will feature 340 containerships on 41 services.
World’s largest LNG shippers upbeat about 2018 as global trade continues to grow
The global liquefied natural gas (LNG) trade has continued to grow in 2017 boosted by additional volumes from Australia and the US and a rise in demand for the fuel in Asia, most notably in China. New production volumes also helped to ease the oversupply of tonnage in the LNG shipping market that it
FOWIND Maps India’s Path from Zero to Five GW
Following the announcement on India’s plans for inviting first offshore wind tenders next year with an aim to reach 5GW, the FOWIND Consortium today (19 December) published a report according to which the timeline of initiatives should be set to first add 500MW by 2022, raising this to 2-2.5GW by 20
Report: COSL finds jack-up work with Husky Energy
Offshore drilling contractor China Oilfield Services Limited (COSL) has reportedly found work for one of its jack-up drilling rigs.
FSL in Talks to Extend USD 479 Mn Loan
Singapore-based FSL Trust Management has launched negotiations with lenders to extend the maturity of its USD 479.5 million loan by one year. A total of USD 165.6 million remains to be repaid under the facility, which dates back to December 2011. “A majority of the lenders under the syndicated loan
Tidal Energy Today launches new mobile site
Tidal Energy Today is pleased to announce the launch of a new mobile site which has been optimized for the best reader’s experience.
The Switch: No Magic Bullet for Sustainable Shipping
The maritime industry needs to piece together individual technologies to create efficient vessels.
WATCH: Bokalift 1 Gets Huisman Crane
Huisman China installed, commissioned and tested the 3,000mt offshore mast crane on board Boskalis’ Bokalift 1 within 27 days. The Bokalift 1 crane vessel was converted by Boskalis from a semi-submersible heavy lift vessel to a self-propelled DP2 crane vessel. The main focus of the vessel will be th
PSA Marine orders LNG-fueled tug, eyes second order in 2018
Singapore-based marine services provider PSA Marine has ordered a dual-fuel LNG harbour tug and is eyeing a similar ordered for January 2018.
IBIA: Port Infrastructure, Attractive Price to Drive LNG Demand
Supply infrastructure at major ports and attractive pricing are to drive demand for LNG as a marine fuel.