South & Central Asia
International offshore rig count sinks in January
The international offshore rig count for the first month of the year was down both sequentially and year over year, according to rig count reports by the oilfield services provider Baker Hughes. Baker Hughes’ report shows that the international offshore rig count for January 2017 was 206, down 4 fro
Industry majors join forces on Pakistan FSRU project
Höegh LNG, together with Qatar Petroleum, Total, Mitsubishi and ExxonMobil formed a consortium to advance an LNG import project in Pakistan.
Clarksons: Fukujin Kisen Orders Oil Carrier in Vietnam
The Philippines-based shipowner Fukujin Kisen K.K. has reached an agreement for the construction of a chemical and oil carrier at Vietnamese Hyundai Vinashin Shipyard, according to data provided by Clarkson Research. Under the deal, reached on February 3, the shipbuilder is scheduled to deliver the
Ezra faces wind-up threat as Forland seeks its cash
Offshore vessel owner Forland Subsea no longer wants to wait and has served Singapore’s Ezra Holdings a statutory demand seeking payments owed for a vessel charter. To remind, Ezra’s subsidiary EMAS AMC missed the payment for the charter hired for Forland’s Lewek Inspector vessel for October 2016. A
GMS: Uncertainty Looms over Pakistani Shipbreaking Yards
The decision to halt shipbreaking activities at Gadani yards in Pakistan has left many fearing for the fate of new arrivals and clearance permissions on existing deals, according to GMS, a cash buyer of ships for recycling. Namely, the uncertainty arose after Chief Minister of Balochistan, Sardar Sa
Forland Hits Ezra with ‘Pay Up or Wind Up’ Order
Ezra Holdings has received a statutory demand from the solicitors of Forland Subsea for payment of a charter that is due and owing by EMAS-AMC AS for the vessel Lewek Inspector. According to Ezra who acts as the parent corporate guarantor for the charter party, a claim is for some S$4.4 million or N
GTT nets Mark III containment systems order from SHI for Höegh LNG’s FSRUs
French LNG containment specialist GTT received an order from Samsung Heavy Industries to equip Höegh LNG’s FSRUs with its Mark III cryogenic membrane containment system.
Germany Supports Building with Nature Program in Indonesia
The German Government has granted financial support to scale up a running pilot which aims to restore the eroded coast in the district of Demak, Central Java Province, near Semarang, Wetlands International just announced. The program furthermore supports mainstreaming and replication of Building wit
Interview: Global offshore rig fleet worth $56.6 billion
VesselsValue, a website providing intel on offshore and shipping world including the valuations of the various kinds of vessels, has now expanded its coverage to offshore drilling rigs. Offshore Energy Today has interviewed VV’s Head of Offshore Miles Cole to learn more about the service, how they
DW: O&G operators to shift away from troubled deepwater areas
Hydrocarbon production from the ‘Golden Triangle’ will peak in 2019 due to the lack of projects sanctioned in recent years, the energy intelligence group Douglas-Westwood said in its DW Monday report. The Golden Triangle incorporates the deepwater (>500 m water depth) plays of Brazil, the U.S. Gulf
Maersk Line, Hamburg Süd Enter East-West Slot Purchase Deal
Danish shipping giant Maersk Line and German container shipping line Hamburg Süd have reached a slot purchase agreement for Hamburg Süd’s volumes on the East-West trades to be shipped on vessels in the 2M network. Due to changes in the global liner alliances, the agreement follows commercial negotia
India’s JSW mulls LNG investment
Indian billionaire Sajjan Jindal’s steel-to-power JSW Group is reportedly planning to invest in liquefied natural gas (LNG). JSW is aiming to invest into an LNG regasification plant, according to a report by India’s Business Standard. The move comes days after India, the world’s fourth-largest buyer