South & Central Asia
Fitch: OPEC deal might not have lasting effect on oil prices
With the OPEC meeting on oil prices just a day away, a ratings agency doubts that, even if a production cut deal is agreed, its ability to have a lasting impact on prices is unclear and will depend on the size of the cuts and the willingness of members to stick to them. The much-awaited […]
Trident Challenger Put Up for Auction in Singapore
The 2010-built bulk carrier Trident Challenger, which was arrested in early September, has been put up for auction in Singapore, according to data provided by the Supreme Court of Singapore. The closing date for bids for the 56,543 dwt bulker, managed by Greek shipping firm Marine Managers Limited,
ABS, Keppel join coalition advocating LNG as fuel
SEALNG, a coalition created to promote the adoption of LNG as a marine fuel, has been joined by two new partners, the classification society ABS and Keppel Offshore & Marine’s Gas Technology Development.
Gabadi signs LNG JV deal with Singapore’s SSB
Gabadi of Spain on Tuesday signed a joint venture agreement with SSB Group’s unit SSB Cryogenic Equipment for LNG vessels maintenance.
Hong Kong Gov’t to Enforce New Anti-Fouling Regulation
On January 1, 2017, the Government of the Hong Kong Special Administrative Region of the People’s Republic of China is enforcing the new Merchant Shipping (Control of Harmful Anti-Fouling Systems on Ships) Regulation, CAP 413N, to implement the International Convention on the Control of Harmful Anti
Teekay Cuts Steel for Second Yamal LNG Icebreaker
Owner and operator of liquefied natural gas (LNG) carriers Teekay LNG Partners held a steel cutting ceremony for Rudolf Samoylovich, an LNG icebreaker, at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in South Korea on November 22, 2016. Rudolf Samoylovich is Teekay’s second of six
Teekay kicks off construction of Arctic LNG carriers
Teekay LNG Partners, on Monday informed a steel cutting ceremony at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard marked the start of construction of its second Yamal LNG icebreaker newbuild.
Interview: The past, the present, and the future of floating rig market
Offshore Energy Today has interviewed Liz Tysall Senior Offshore Rig Analyst of Rystad Energy, an energy intelligence group based in Norway. The interview follows a recent report by Rystad on offshore drilling market, floating rigs, in particular. The interview itself focuses on the floaters market,
Chinese banks support Primeline amid arbitrations
Exploration & production company Primeline Energy has received support from a group of Chinese banks amid the company’s ongoing arbitrations with Zhejiang Gas and CNOOC over a contract for the sale of gas from a field offshore China. Primeline informed on Monday that the group, made up of China Deve
DW: Substantial reserves can be developed when oil market recovers
E&P deepwater exploration and appraisal activity has dramatically declined and, in line with falling E&A activity, Reserve Replacement Ratios (RRRs) have been declining for the majority of major E&P companies, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. This week, D
Report: Woori Bank Disposes of Four Hanjin Tankers
South Korea’s Woori Bank has sold four tankers owned by bankrupt Hanjin Shipping for USD 58.6 million, aiming at recovering KRW 36.8 billion (around USD 30 million) of uncollected ship financing debt, The Korea Herald reports. The ailing shipping company filed for court receivership on August 31, 20
PHOTO: Kraken FPSO en route to North Sea
Malaysia’s FPSO provider Bumi Armada has shared a photo of the floating, production, storage and offloading (FPSO) unit meant for the Kraken field development beginning its journey from Singapore to its North Sea location. The caption is convenient: “Release the Kraken!” According to Bumi Armada, th