South & Central Asia
International offshore rig count sinks to 204 units
The international offshore rig count for July 2017 dropped by 22 units year-over-year, Baker Hughes, a GE company, said in its monthly report on Monday. Namely, according to Baker Hughes’ report, the international offshore rig count for July 2017 was 204, up 7 from the 197 counted in June 2017, and
A long time coming: Offshore project sanctioning
Now that half the year has passed, a review of offshore project sanctioning might be timely.
Outlook: Waiting for the Next ‘Suez-Sized’ Project
“There’s an enormous potential, the dredging sector promises to be very busy in the near future,” says Richard Brakenhoff of Rabobank. The Sector Specialist is responsible for the financial institute’s Dredging Outlook and spoke to us about the ahead of his presentation at the Dredging Today Confere
India to Start Ops at Iran’s Chabahar Port by 2018
India is looking to start operations at the Chabahar Port in Iran by 2018, according to the country’s Ministry of Shipping. The Minister for Road Transport & Highways and Shipping Shri Nitin Gadkari informed that the development project at the Chabahar Port has already started with civil constructio
Indonesia Preps to Explore Its Offshore Energy Prospects
Indonesia’s Center for Marine Geological Research and Development (PPPGL), the research and development agency of the Ministry of Energy and Mineral Resources (ESDM), conducted a sea trial of Geomarin III research vessel in the Sunda Strait. This sea trial is a preparation for the identification of
OOCL Sees Steady Recovery, Returns to Profit in H1
Hong Kong’s carrier Orient Overseas Container Line (OOCL) managed to return to profit in the first half of 2017 posting USD 53.6 million, compared to a loss of USD 56.7 million seen a year earlier. The company’s gross revenue reached USD 2.89 billion for the six-month period ended June 30, 2017, up
Summit, GE, Excelerate in $1 bln LNG-to-power pact
Summit Power International joined forces with General Electric and Excelerate Energy to develop a $1 billion gas-to-power generation and offshore LNG import terminal in Menghaghat, Bangladesh.
Woodside in gas discovery offshore Myanmar
Australia’s Woodside has found more gas offshore Myanmar after its Pyi Thit-1 exploration well in Block A-6 in the Southern Rakhine Basin struck a gross gas column of approximately 65 meters. A net gas pay interval of approximately 36 meters has been interpreted within the primary target sandstone r
Popular news, Jul 31- Aug 6, 2017
The most popular articles of the week July 31 – August 6, 2017.
Readers’ Picks of The Week (July 31-August 4, 2017)
Readers’ Picks of The Week (July 31-August 4, 2017)
Martek Marine tech ordered for LNG-fueled Aframax quartet
Martek Marine has been contracted to provide emissions monitoring systems for the world’s first LNG-fueled Aframax tankers being built by Hyundai Heavy Industries for Russia’s Sovcomflot.
COSCO Shipping Trims Loss, Bearish on Outlook
COSCO Shipping International (Singapore), an offshore marine engineering, shipbuilding, and dry bulk shipping group, recorded a net loss of SGD 20.8 million in Q2 2017, down from a net loss of SGD 36.8 million in Q2 2016. The losses were ascribed mainly to woes in shipyard and shipping operations. T