South & Central Asia
BNEF: Offshore Wind Levelized Costs to Fall 71% by 2040
Offshore wind levelized costs will slide 71% by 2040, according to the latest long-term forecast from Bloomberg New Energy Finance (BNEF).
JX Nippon produces first gas from Layang field
Japan’s JX Nippon started commercial gas production from Layang oil and gas field offshore Malaysia on May 28, 2017. JX Nippon Oil & Gas Exploration Corporation’s subsidiary, JX Nippon Oil & Gas Exploration (Malaysia) Limited, is the operator of Block SK10 offshore Sarawak, Malaysia, with a particip
Pacific Radiance to deploy 10 OSVs under new batch of contracts
Singapore’s offshore support solutions provider Pacific Radiance has secured $45.3 million worth of new contracts, including options. Pacific said on Thursday that, under these contracts, ten of the group’s offshore support vessels, including a diving support vessel, were being deployed to support p
JX Nippon starts producing gas from Layang field off Sarawak
JX Nippon Oil & Gas Exploration Corporation said its Malaysian unit, the operator of Block SK10 offshore Sarawak started commercial gas production from the Layang field.
Ramboll to Design Foundations for SPIC Binhai South H3 Offshore Wind Farm
Danish engineering, design and consultancy company Ramboll has been appointed by Huadong Engineering Corporation to design foundations for the 300MW SPIC Binhai South H3 offshore wind farm in the Yellow Sea north of Shanghai.
Mermaid Maritime finds more subsea work in Asia
Mermaid Maritime, an international subsea and offshore drilling services company, has been awarded subsea contracts with a combined value of $4.3 million. Mermaid said on Thursday that it won two work packages through its South East Asian business units. The first highlighted package of work involve
Mermaid Inks New Subsea Contracts
Mermaid Maritime has through its South East Asian business units secured subsea contracts with a combined total estimated potential contract value of USD 4.3 million. The first highlighted package of work involves the DP2 dive support vessel ‘Mermaid Sapphire’ with a work-class ROV and cement/grouti
Construction of APSEZ New Berth Underway in Vizhinjam
Adani Ports and Special Economic Zone Ltd, (APSEZ) recently began construction of the first berth at India’s premier and ambitious international transhipment project in Vizhinjam, Kerala. The groundbreaking ceremony was organized by Chief Minister of Kerala, Shri. Pinarayi Vijayan, and was presided
NGOs Ask Brazil to Stop Beaching Ships in South Asia
The NGOs and trade unions have criticized the shipbreaking practices of Transpetro, a part of Brazil-based Petrobras, which sent more than twenty vessels to the beaches of India and Pakistan in the last five years. In an official letter sent on June 2, 2017 to Transpetro, Severino Almeida, president
Pakistan’s LNG supply deal with Qatar unaffected by rift
Pakistan does not expect the geopolitical isolation of Qatar led by Saudi Arabia and other Arab countries to impact its LNG supply deal.
Report: STX Gets One Year to Resume Trading
South Korean holding company STX Corporation has been given a one-year rehabilitation period for its stock to resume trading, according to Yonhap News Agency. Following the one-year period, the Korea Exchange is expected to review whether to delist the company. The decision was made after the compan
Ghana: Bumi Armada in FPSO JV
Malaysia’s Bumi Armada and India’s Shapoorji Pallonji Oil & Gas have established a joint venture company in Ghana. The Joint Venture named Bumi Armada Shapoorji Pallonji Ghana Limited (“BASPG”), was established on June 5, 2017, in Ghana, and it received the certificate of incorporation June 10, 2017