South & Central Asia
OPEC extends oil output cut by nine months to fight glut
By Rania El Gamal, Ernest Scheyder and Alex Lawler VIENNA (Reuters) – OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three ye
JFSE Wraps up Trenching in Kandla Gujarat
James Fisher Subsea Excavation (JFSE) recently completed a challenging project for underwater services company Seatek in the Kandla Gujarat region of North-west India. Experts deployed its shallow water Twin R2000 tool for post-lay trenching and backfilling of an HDPE pipeline with concrete sinker b
OPEC meets to talk further oil output cut extension
OPEC and several non-OPEC members are meeting on Thursday in Vienna to discuss further strategy on oil production. To remind, 13 OPEC members and 11 Non-Opec members (most notably Russia) in December last year agreed to cut oil output by 1.8 million barrels a day in order to stabilize oil prices. Th
Reliance Power to build LNG-fueled power plant in Bangladesh
India’s Reliance Power has been authorized by the Cabinet Committee on Public Purchase to build a 718 MW gas-fired power plant in Bangladesh.
Vallianz set to resolve debt woes
Singapore-based offshore vessel owner Vallianz has reached agreements with Swiber and Rawabi to restructure its $138.7 million debt. Swiber, which holds 903,534,986 shares or 20.9% equity interests in Vallianz, had on October 13, 2016 notified the company of its interest to participate in the renoun
Odfjell Admits to Violating US Probation
Singapore-based Odfjell Asia II Pte Ltd, which was convicted in 2014 of violating the Act to Prevent Pollution from Ships, has admitted to violating the conditions of its probation, the US Department of Justice said. As a result, the company’s term of probation, which was scheduled to conclude this
Octanex awaits rig arrival to drill Ophir wells
Octanex, an Australian-based oil and gas company, is getting ready for a drilling campaign at the Ophir field offshore Malaysia as it is waiting for a drilling rig to arrive at the field. Octanex informed on Thursday that the UMW Drilling’s 2009-built Naga 2 jack-up drilling rig will shortly begin m
Coldharbour, Sembcorp Marine Ink BWTS Agreement
Coldharbour Marine, a developer of ballast water treatment systems (BWTS) for large tankers, bulkers and LNG vessels, has signed a deal with marine and offshore engineering company Sembcorp Marine that will see the latter offer the Coldharbour GLD™ BWT as part of the Sembcorp Marine Green Technology
JFSE Wraps Up Excavation Project for Seatek in India
James Fisher Subsea Excavation (JFSE) has completed an excavation project for Seatek in the Kandla Gujarat region of North-west India. The company deployed its shallow water Twin R2000 tool for post-lay trenching and backfilling of an HDPE pipeline with concrete sinker blocks over a distance of 7.5k
Vessel Calls from Oakland to Southeast Asia Up by 50 Pct
The Port of Oakland has assumed a more prominent role in Southeast Asian trade, the port’s executive director Chris Lytle said, announcing that direct vessel calls from Oakland to Southeast Asia have risen by 50 percent this spring. Namely, direct weekly vessel calls to Southeast Asia have risen fro
VIDEO: Catcher FPSO nears completion
Premier Oil has launched a video about the floating production storage and offloading (FPSO) unit for its operated Catcher offshore development in the UK sector of the North Sea. The Catcher, made up of several fields discovered between 2010 and 2013, is located 170 kilometers south-east of Aberdeen
Sinwa wins logistics deal for Prelude FLNG
The Singapore-headquartered marine, offshore supply and logistics player, Sinwa, has been awarded deals for vessels involved in Shell’s Prelude FLNG project off the coast of Western Australia.