South & Central Asia
Petronas considers $1 billion stake sale in offshore gas project – sources
By Anshuman Daga SINGAPORE (Reuters) – Malaysian state-owned oil and gas firm Petronas is aiming to sell a large minority stake in a prized upstream local gas project for up to $1 billion (804.57 million pounds) as it seeks to raise cash and cut development costs, two sources familiar with the matte
Popular news, February 13 – 19, 2017
The most popular articles of the week
Top news, February 13 – 19, 2017
Tidal Energy Today has compiled the top news from tidal and wave energy industry from February 13 – 19, 2017.
Top news of the week February 13-18
Inpex names Ichthys LNG offshore facilities Inpex-operated Ichthys LNG project held two naming ceremonies at the South Korean shipyards for the project’s two offshore facilities. Flex LNG looking to buy two Geveran MEGI LNG newbuilds Flex LNG, the shipping company controlled by billionaire John Fred
HMM Eyes Stake in Two More Hanjin Terminals
South Korean shipping company Hyundai Merchant Marine has signed a deal with Hanjin Shipping and Marine Terminals Investment Limited (MTIL) to acquire Hanjin Pacific Corporation’s terminals in Tokyo and Kaohsiung. Total acquisition price is about KRW 15 billion (USD 13.1 million) including a purchas
Inpex names Ichthys LNG offshore facilities
Inpex-operated Ichthys LNG project held two naming ceremonies at the South Korean shipyards for the project’s two offshore facilities.
South Korea boosts January LNG imports
South Korea, the world’s second-largest buyer of LNG, boosted its imports of the chilled fuel by 27.4 percent in January year-on-year on the back of low winter temperatures. The country imported 4.29 million mt of LNG in January, as compared to 3.37 million mt in the corresponding month the year bef
Raffles Shipping Orders Six Chemical Tankers in China
Singapore-based Raffles Shipping Group has ordered six small chemical tankers from China’s shipbuilder Jinhai Heavy Industry, VesselsValue’s data shows. The value of the order, which was placed on January 16, 2017, was not disclosed. The six 19,700 dwt ships are expected to be completed in 2018. Eac
Fire shuts down Guanghui Energy’s chemical, LNG plant
Guanghui Energy of China said it has shut down operations at its production complex in Hami in western Xinjiang following an incident that left two injured.
Dredging Work on Puducherry Entrance Channel Moves Forward
Dredging operations on the Port of Puducherry entrance channel, undertaken by the Dredging Corporation of India Ltd (DCI), are moving ahead according to schedule, the company said in its latest release. DCI’s new inland cutter suction dredger ID Ganga, which joined their dredging fleet in December 2
Jiangsu Zhenjiang Builds Bucket Wheel Dredger for MBA Delta
Jiangsu Zhenjiang Shipyard (Group) Co. Ltd. has completed the first steel cutting for the marine fleet of MBA Delta iron sands project in Fiji. The vessel series, being built to meet Bureau Veritas’ standards, includes bucket wheel dredger, work boat, pusher tug and iron sands concentrator barge. Th
Japan’s heavyweight LNG buyers wrestle more flexible deals from suppliers
By Aaron Sheldrick and Osamu Tsukimori TOKYO (Reuters) – Japan’s liquefied natural gas (LNG) buyers are upending the traditional practices of the market, using their leverage as the world’s biggest buyers of the fuel to wrestle concessions for more flexible terms. Japan’s electric utilities have won