South & Central Asia
Unauthorized Aklan River Dredging Stopped
The Philippines Department of Environment and Natural Resources (DENR) has stopped dredging operations on the banks of Aklan River, which were carried out without the required permits from the DENR and the local government. PNA news agency reported that the DENR on Tuesday swooped down on a 50-ton C
Oil prices stabilise as Russia joins OPEC in production cut
By Henning Gloystein SINGAPORE (Reuters) – Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices. Brent crude futures <LCOc1>, the international benchmark for oil prices, wer
Pakistan’s Port Qasim to Get 2nd FSRU
Following negotiations with the consortium of Engro, Fatima, and Shell, US-based Excelerate Energy said that it would help deliver a proposed floating LNG terminal and second FSRU to the Pakistan market. The consortium’s project site is located across the Port Qasim channel and the country’s first L
Highlights of the Month: January 2017
Ex-Statkraft Engineer Develops New Foundation Installation Solution Arild Bolsø, an engineer who worked for Statkraft in Norway and Forewind in the UK, has developed a new technical concept for offshore wind foundation installation. According to Bolsø, the concept would reduce installation time by 3
Excelerate lands its second Pakistan FSRU project
Excelerate Energy said it is ready to supply its second FSRU to Pakistan following negotiations with the consortium of Engro, Fatima, and Shell over the last few months.
Alphaliner: A Hundred More Panamaxes Need to Be Scrapped
Despite a massive scrapping spree of classic Panamax containerships, the sector remains under pressure as up to one hundred further Panamaxes will need to be scrapped before the segment can regain its footing again, according to Alphaliner. A total of 130 Panamax units of 4,000 – 5,100 TEU were remo
Genesis to provide engineering support to BP
TechnipFMC’s subsidiary and a provider of engineering services for the oil & gas industry, Genesis, has been awarded two front-end engineering contracts by the UK oil major BP. Genesis said on Wednesday that the two frame agreement contracts with BP would cover conceptual, pre-FEED, and FEED stages
Wood Group Wins Hess Malaysia Work
Wood Group has been awarded a five-year contract with Hess Exploration & Production Malaysia. The operations and maintenance contract is to support Hess’ new-build fixed and floating offshore facilities in the North Malay Basin development area located approximately 150km north east of the Peninsula
India: IFFCO interested in 10 pct stake in Jafrabad FSRU project
Swan Energy on Monday said that Indian Farmers Fertiliser Cooperatives (IFFCO) are looking to invest in its FSRU project being developed in Jafrabad, Gujarat.
OES teams up with IEC TC-114 on OTEC
Ocean Energy Systems (OES) has teamed up with the IEC TC-114 for the development of ocean thermal energy conversion (OTEC) standards.
Shipping Market Conditions Put Pressure on Japan’s Big Three
The challenging market conditions in the container shipping industry continued to add pressure to Japan’s three major shipping companies, leading to more losses in the first nine months of fiscal year 2016 ended December 31. Of the three major shipping lines, Nippon Yusen Kabushiki Kaisha (NYK Line)
X-Press Feeders Abandons TransAtlantic Brand Name
Singapore’s carrier X-Press Feeders will start operating under its own brand name the three services acquired last year from Swedish shipping company Rederi TransAtlantic AB (RABT), a subsidiary of Viking Supply Ships, Dynamar BV informed. The services including TransBothnia, TransFeeder North and T