South & Central Asia
PNOC Renewables gets on board Philippines tidal project
PNOC Renewables Corporation (PNOC RC) has partnered up with H&WB Asia Pacific to develop tidal energy projects in the Philippines that will feature Sabella’s tidal technology.
Aurora LPG Bows Out
Aurora LPG has become a fully owned and integrated subsidiary of the Singapore-based BW LPG, with all nine of the company’s carriers now renamed. The full integration follows the acquisition of all shares in Aurora LPG by BW LPG and the delisting of Aurora from Oslo Axess in December 2016. BW LPG ha
Oil rises from one-week low as IEA says oil market tightening
By Libby George and Christopher Johnson LONDON (Reuters) – Oil bounced back from a one-week low on Thursday as the International Energy Agency (IEA) said global oil markets were tightening even before cuts promised by OPEC and other producers could take shape. Oil prices have gyrated this year as th
CNOOC eyes three more projects coming on stream in 2017
China’s offshore oil company CNOOC is targeting three more offshore oil and gas projects coming on stream in 2017. Revealing its business plan for 2017, the company said the capex would be $10 billion. The Chinese oil producer said on Thursday that five new projects were scheduled to begin productio
Minsheng Orders RoRo Quartet from Chongqing Chuandong
China’s Minsheng Shipping ordered four roll-on/roll-off (RoRo) vessels from its compatriot shipbuilder Chongqing Chuandong on December 26, 2016, according to information provided by VesselsValue. The value of the order was not revealed. All four ships will have a capacity of 7,500 gross tons, with o
Rystad: 2016 discovered offshore volumes 90% lower than in 2010
The 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, Energy intelligence group Rystad Energy has informed. The group says the drop is most significant to the overall decline in discovered volumes; and in fact, total global discover
Kongsberg Delivers Hugin AUV Training to Indonesian Navy
Kongsberg Maritime’s Marine Robotics department has provided a three-week training of Hugin AUV systems set up on Indonesian Navy’s new survey ship program. The introduction training was conducted at a hotel in Central Jakarta, and the last week was at sea in Semangka Bay for practical training down
Video: Second FORESEA call webinar
The €11 million FORESEA program hosted a webinar regarding its second call for support package applications for ocean energy developers.
Prosafe to sell flotel Safe Lancia for scrap
Prosafe, an owner and operator of semi-sub accommodation rigs, has decided to sell one of its units for scrap after buying two new ones from Axis Offshore. Following the completion of the acquisition of Safe Nova and Safe Vega through a deal made with Axis in November 2016, Prosafe has now taken a f
Big Oil back on the acquisition trail as outlook brightens
By Ron Bousso LONDON (Reuters) – The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Since late November, major oil companies have ann
China’s CNOOC ups spending
China’s oil and gas producer and LNG stakeholder, CNOOC said Thursday it plans to raise its capital spending in 2017 as oil and gas prices improved allowing the company to move forward with new projects. The company said it in a statement it would raise capital expenditure to 60 billion to 70 billio
India Set to Install First Offshore Wind LiDAR off Gujarat
India’s offshore wind development will kick off in Gujarat, as the first LiDAR that will monitor wind conditions at sea is expected to be installed by the end of this month off the coast of the country’s westernmost state.