South & Central Asia
Ezion in talks to buy four Swissco JV rigs
Interim judicial managers of Singapore’s Swissco, a debt-burdened provider of offshore rigs and vessels, have confirmed it is in negotiations with its compatriot Ezion Holdings for the sale of four jointly-owned rigs. The managers of Swissco issued a clarification on Wednesday regarding an article p
Japan’s spot LNG price keeps rising
Japan’s average price of spot liquefied natural gas (LNG) that was contracted in February edged up to US$8.5 per mmBtu, the Ministry of Economy, Trade and Industry (METI) said on Thursday.
Engie to sell its share in Petronet LNG
France’s LNG player Engie, through its unit, GDF International, proposed to shed its shareholding in India’s largest importer of liquefied natural gas, Petronet LNG.
Diana Shipping Finds Work for Two Bulkers
Athens-based dry bulk shipping firm Diana Shipping has entered into time charter agreements for two of its bulkers, the M/V Philadelphia and the M/V Calipso. Under the contract signed with Singapore’s Koch Shipping, the company’s 2012-built Newcastlemax Philadelphia will be chartered out for a perio
Schottel to commission its Singapore tidal turbine this month
The tidal turbine deployed with an accompanying floating platform off Singapore is expected to be commissioned in March, according to Envirotek, Southeast Asia’s ocean renewable energy investor.
Oil prices rise on output cuts, but U.S. stockpiles drag
By Jane Chung SEOUL (Reuters) – Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with touted international production cuts, although a surge in U.S. crude inventories continued to drag. The Organization of the Petroleum Exporting Countries (OPEC) and
Teekay Hires MAN to Service Its LNG Carriers
Bermuda-based shipping company Teekay Shipping has hired MAN PrimeServ, the after-sales division of MAN Diesel & Turbo, for maintenance services related to its liquefied natural gas (LNG) carriers. The Engine Management Concept (EMC) contract is for the maintenance of Teekay’s three 173,400-m3 siste
Petronas nets 10-year LNG supply deal with Hokkaido Electric
Malaysian energy giant Petronas, through its unit Malaysia LNG, Signed a 10-yeal liquefied natural gas supply deal with the Japanese utility Hokkaido Electric Power.
Exploration is not dead, quite the opposite, now is the time to invest, E&P players say
Despite what you may have heard, conventional oil and gas exploration is not dead, and on the contrary, this might even be the perfect time for the exploration players to invest. This was a main takeaway from a session titled „The future of exploration,“ held during the CERAWeek by IHS Markit on Wed
Gardline and G.A.S. Jointly Tackle Taiwanese Offshore Market
Gardline and Global Aqua Survey (G.A.S) have signed a Memorandum of Understanding to cooperate on offshore survey projects in Taiwan. Under the MoU, Gardline will provide specialist consultancy and services to G.A.S. The company plans to introduce into the Taiwanese market ”high-end geotechnical and
Indonesia: Tangguh LNG Train 2 to shut down for maintenance
UK-based energy giant and LNG player BP will shut down the second liquefaction train at the Tangguh LNG plant in Indonesia for two months.
OES: Ocean energy sector to create 680,000 jobs by 2050
Ocean Energy Systems (OES) has released a new report presenting global state-of-the-art in ocean energy sector.