South & Central Asia
Report: GAIL bins LNG newbuilds tender again
India’s gas utility GAIL has reportedly once again canceled its multi-billion dollar tender seeking to hire nine LNG newbuilds to transport US liquefied natural gas to India starting in 2017.
GS-Hydro Cracks Chinese Offshore Wind Market
GS-Hydro China has won a contract to provide the piping components, prefabrication and cleaning for CSIC (Chongqing) Haizhuang Wind Power Equipment’s 5MW offshore wind turbines, the company’s first entry into the offshore wind industry. The wind turbines are located in Fujian area in Southern China.
GS-Hydro Cracks Chinese Offshore Wind Market
GS-Hydro China has won a contract to provide the piping components, prefabrication and cleaning for CSIC (Chongqing) Haizhuang Wind Power Equipment’s 5MW offshore wind turbines, the company’s first entry into the offshore wind industry. The wind turbines are located in Fujian area in Southern China.
Clarksons: China to Shorten White List to 59 Yards
At the start of October 2016, a set of revised criteria was introduced for China’s White List of domestic shipyards, marking a further indication that the industry in China is likely to continue to downsize, according to Clarksons Research. Under the new criteria, builders can be dropped from the li
Ship Finance International Sells VLCC Oldie
Bermuda-based ship owner Ship Finance International has reached an agreement to sell one of its Very Large Crude Carriers (VLCC) to China’s Kunlun Shipping, according to data released by VesselsValue. The vessel in question is the 1998-built Front Century, which was sold for a price of USD 18.7 mill
Report: Gail India Drops Tender for LNG Vessels
India’s gas utility Gail India Ltd has decided to scrap its tender to hire nine newly-built liquefied natural gas (LNG) vessels which were supposed to carry LNG cargoes from US, according to The Financial Express. Following the move, made due to a lack of qualified bidders, the company will reported
DBL Group Enters Dredging Market with IHC Beavers
Dhaka-based business conglomerate DBL Group has recently launched its dredging business – DBL Dredging. To support its entry into this new market it ordered two IHC Beaver® 50 cutter suction dredgers (CSDs), and two Delta Multi Craft (DMC) 1050 work boats. The two IHC Beaver® 50s were delivered with
MRC’s marine renewables supply chain database goes online
Marine Renewables Canada (MRC) has created an online supply chain database aiming to strengthen the links within marine renewable energy industry.
Ten oil majors to invest $1B to ‘help tackle climate challenge’
The Oil and Gas Climate Initiative (OGCI), made up of CEOs of ten major oil and gas companies, on Friday announced an investment of $1 billion over the next ten years, to develop and accelerate the commercial deployment of innovative low emissions technologies. The CEO-led organization was designed
Keppel in talks to save KrisEnergy
Singapore’s conglomerate and offshore rig builder Keppel Corporation is in talks to provide a lifeline to the upstream oil and gas company KrisEnergy, which could, in turn, lead to Keppel increasing its stake in KrisEnergy to almost 70 percent. The announcement by Keppel on Thursday follows KrisEner
Oil and gas companies reveal $1 bln climate investment plans
The Oil and Gas Climate Initiative (OGCI), designed to catalyze practical action to reduce greenhouse gas emissions, said it will invest US$1 billion over the next ten years to deploy low emissions technologies.
UN Issues Dire Warnings as Paris Agreement Enters Into Force
The international Paris Agreement to limit global warming to under 2oC this century compared to pre-industrial levels has come into force on 4 November, but UN has warned that even if the Paris pledges are fully implemented, the world is on track for a temperature rise of 2.9 to 3.4 degrees this cen