South & Central Asia
Ichthys LNG’s CPF sets sail for Australia, production start revised
Ichthys Explorer, the central processing facility (CPF) for the Inpex-led Ichthys LNG project sailed away from the Samsung Heavy Industries (SHI) yard in South Korea.
Flex LNG Eyes Funds for MEGI LNG Carrier Duo
John Fredriksen-controlled Flex LNG is looking to secure funds for the purchase of two MEGI LNG carriers currently under construction at South Korean Daewoo Shipbuilding and Marine Engineering (DSME). The funds would be secured through a private placement of over 89.4 million new shares at a subscri
Ichthys central processing facility sails away from South Korea
Inpex Corporation informed on Friday that the Ichthys Explorer, the Inpex-operated Ichthys LNG Project’s central processing facility (CPF), sailed away from its construction site in Geoje, South Korea en route to the Ichthys field offshore Western Australia. The unit sailed away following the comple
CNOOC Ltd. oil output falls in first quarter
Chinese oil producer CNOOC Limited saw its production during the first quarter of 2017 drop by 4.2 percent when compared to the year-before period. The company informed on Thursday that, for the first quarter of the year, it achieved total net production of 119.1 million barrels of oil equivalent (b
Flex LNG secures funds for MEGI duo acquisition
Flex LNG, the shipping company controlled by billionaire John Fredriksen, said it is considering to buy two MEGI LNG carriers from the company’s largest shareholder, Geveran Trading’s affiliates.
MPA Singapore Unveils First Standard for LNG Bunkering
Singapore has taken a further step on its path to becoming an liquefied natural gas (LNG) bunker-ready port as the Maritime and Port Authority of Singapore (MPA) launched its first standard for LNG bunkering. The first Singapore Technical Reference (TR) 56 for LNG Bunkering was unveiled on April 28
Global oil discoveries dropped to record low in 2016, IEA says
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could continue this year. Oil discover
Höegh LNG takes delivery of seventh FSRU
Norway-based floating LNG giant Höegh LNG took delivery of its seventh floating storage and regasification unit (FSRU) from Hyundai Heavy Industries.
Keppel on track to deliver Catcher FPSO
Keppel Offshore & Marine’s subsidiary, Keppel Shipyard, is on track to deliver a floating production storage and offloading (FPSO) vessel to BW Offshore, meant for Premier’s North Sea field. Josephine Teo, Singapore’s Senior Minister of State, Prime Minister’s Office, Ministry of Foreign Affairs & M
Norwegian Joy Delivered to NCL
Norwegian Cruise Line today took delivery of Norwegian Joy, the brand’s fifteenth ship and the first custom-designed for the Chinese cruise market, from German shipbuilder Meyer Werft during an on board ceremony in Bremerhaven, Germany. At 167,725–gross-tons and accommodating 3,883 guests, Norwegian
China Revises White List, Adds Six Shipbuilders
Another six shipbuilders are set to enjoy financial support from China in the forthcoming period as they have been added to the country’s White List of shipbuilders, the Ministry of Industry and Information Technology informed. The shipbuilders in question are the Huatai Heavy industry (Nantong), Ji
Oil market heading towards balance, more draws needed – OPEC secretary general
By Alex Lawler and Bate Felix PARIS (Reuters) – OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining but stockpiles still needed to fall closer to the five-year industry average. “While it is evident that the market rebalancing is now mov