South & Central Asia
Topaz orders two more vessels from Vard
Vard Holdings Limited, a designer and shipbuilder of specialized vessels, has secured a contract for the design and construction of two additional Module Carrier Vessels for Topaz Energy and Marine. According to Vard’s statement on Thursday, the vessels, of VARD 9 21 design and measuring 123 by 16.5
Topaz Returns to Vard for More Module Carriers
Norwegian shipbuilder and ship designer Vard Holdings Limited has secured a contract for the design and construction of two additional module carrier vessels for Topaz Energy and Marine. The vessels, of VARD 9 21 design and measuring 123 by 16.5 meters, are sister ships of a series of 15 identical m
India boosts LNG imports in August
India’s imports of liquefied natural gas rose 34.6 percent in August as compared to the same month a year ago, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC). India imported 2,144 million metric standard cubic metres (mmscm) of LNG in August compared with 1,593
IOC, Gail pen MoU to take equity in Adani’s Dhamra LNG project
State-owned Indian Oil Corporation and Gail have officially signed the previously reported memorandum of understanding with Dhamra LNG for taking equity in the 5 mtpa LNG import terminal proposed for Dhamra Port, Odisha.
Oil jumps after surprise drop in U.S. crude inventories
By Amanda Cooper LONDON (Reuters) – Oil prices jumped 2 percent on Wednesday after a surprisingly large drop in U.S. crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output. Brent crude futures <LCOc1> were up 91 cents at $46.79 per barrel by 1113 GMT, wh
India’s Ports Increase Discount for RoRo Ships
In an effort to promote its shipping industry, the Indian Ministry of Shipping has decided to offer a discount for coastal transportation of vehicles via Roll-on/roll-off ships at India’s major ports. Namely, the ministry said that all major ports will provide a discount of 80 percent for two years
IUMI Calls for More Action to Tackle Containership Fires
Two recent onboard containership fires have fueled concerns from International Union of Marine Insurance (IUMI) over the challenges involved with managing these incidents at sea as seafarers are being asked to tackle onboard fires with inadequate equipment. The two recent containership fires which r
IADC Publishes Report on Ecosystem Services Study
The International Association of Dredging Companies (IADC) recently commissioned a study named the “Ecosystem services: Towards integrated marine infrastructure project optimization”. The study was carried out by the Ecosystem Management Research Group (ECOBE) of the University of Antwerp. A special
Japan’s Aug LNG imports rise 9.4 pct YoY
Imports of liquefied natural gas (LNG) by world’s largest consumer of the chilled fuel, Japan increased 9.4 percent in August as compared to the same month a year ago. Japan imported 7.72 million mt of LNG in August, according to the provisional data released by Japan’s Ministry of Finance. The data
CNOOC starts producing from Enping 18-1 oilfield
CNOOC Limited has started production from the Enping 18-1 oilfield in the South China Sea. The Enping 18-1 is an independent oilfield in which CNOOC holds 100% interest and acts as the operator. The oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth
Veolia delivers water treatment module for Ichthys LNG FPSO
Veolia Group recently completed the delivery of its MPPE water treatment unit for ichthys LNG project FPSO, currently under construction at the Daewoo Shipbuilding & Marine Engineering yard in South Korea.
Report: Petronas eyes further job cuts as low oil price bites
Malaysian oil and gas company Petronas is reportedly planning to reduce its workforce further due to a prolonged market downturn. The Wall Street Journal reported, citing sources familiar with the matter, that Petronas is looking to ax several hundred more jobs as the national oil company continues