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Asian Energy News - page 163

 

L.A.T.C Marine to Install Two Ampelmann Systems

May 01, 2018

Ampelmann has secured two contracts with vessel owner L.A.T.C Marine Limited, on behalf of ExxonMobil, for the supply of two L-type gangway systems, offshore Nigeria. Following successful sea trials of the L-type gangway system, the integrated solution was approved for operations…

LR to Class India’s First FSRU

May 01, 2018

Lloyd’s Register (LR) said it signed a contract to class the first ever floating storage regasification unit (FSRU) to be ordered for Indian waters.Due for delivery in December 2019, the new 180,000m³ FSRU will be built to LR’s Rules for the…

Taiwan: The Next Battleground for Offshore Wind

Apr 30, 2018

Taiwan is becoming the next battleground for the world's top offshore wind developers as they seek a foothold in Asia for a technology that has been expanding fast in Europe.Taiwan announced results on Monday of its first major offshore wind farm auction that aims to add 3…

Diamond Offshore Beats Street, Posts Q1 Loss

Apr 30, 2018

Diamond Offshore Drilling Inc reported a smaller-than-expected quarterly loss on Monday, helped by new contracts for the company's deep-water rigs. Rig utilization was at 52 percent during the first quarter, from 47 percent last year, even as average day rates…

Hedge Funds Trim Crude Positions, but Boost Fuels: Kemp

Apr 30, 2018

For all the bullish chatter, hedge fund managers have become cautious about increasing their exposure to crude oil, though they are becoming increasingly optimistic about the outlook for refined fuels again. Hedge funds and other money managers…

Petrobras Seeks Partnerships

Apr 28, 2018

Petrobras informs that it has started the disclosure stage of two divestment opportunities (Teasers) related to the sale of its interest in refining and logistics in Northeast and South regions of Brazil. Petrobras intends to sell 60% of its equity interest in each of these new companies…

Singapore Court Blocks Noble Group Shareholder Meeting

Apr 27, 2018

Noble has other investor meetings due in next few weeks; but court decision could complicate restructuring process. A Singapore court blocked commodity trader Noble Group Ltd from holding its annual meeting of shareholders on Monday following legal action sought by dissident shareholder…

Changes in Statoil's Top Deck

Apr 27, 2018

Statoil said on Friday it had expanded its leadership team and changed its corporate structure to reflect the company's increased focus on Brazil.Statoil's Brazilian operations will become a separate business unit headed by Margareth Oevrum…

Japan: An LNG Bunkering Hub?

Apr 26, 2018

New study examines Japanese government strategy for creating infrastructure for environmentally-friendly ship fuel.A new report by the Intrernational Transport Forum at the OECD assesses Japan’s ambition to become an international bunkering hub for liquefied natural gas (LNG)…

Singapore to Require Flow Meters for Bunker Transfers

Apr 26, 2018

Singapore's Maritime Port Authority (MPA) is set to announce it is making use of mass-flow-meters (MFM) mandatory onboard marine gasoil barges used to refuel large ships, two people with knowledge of the matter said. The announcement will…

First Johan Sverdrup Topside Installed

Apr 26, 2018

With the last module of the Johan Sverdrup riser platform lifted into place, the first of four topsides of the next North Sea giant has been installed.“It’s a special feeling to see the first Johan Sverdrup platform in place, even a few days…

ConocoPhillips Beats Street on Oil Prices, Cost Cuts

Apr 26, 2018

U.S. oil producer ConocoPhillips posted a bigger-than-expected quarterly profit on Thursday, on rising crude prices and cost cuts. Conoco, like many of its peers, has seen results steadily improve in recent quarters alongside commodity prices…

China's Gasoline Exports Impact Profit Margins

Apr 24, 2018

China's surging imports of crude oil this year are the major driver of higher prices on the demand side, but the flip side to this is soaring Chinese fuel exports that are hurting profit margins at regional refiners. The world's largest crude importer took in 9…

Bangladesh Finalizes LNG Deal with Oman Trading International

Apr 23, 2018

Bangladesh has finalized a 10-year deal to import 1 million tonnes of liquefied natural gas (LNG) annually from Oman Trading International, two energy officials with direct knowledge of the matter told Reuters.The deal with Oman Trading is Bangladesh's…

Trump's Revenge: US Oil Floods Europe, Hurting OPEC, Russia

Apr 23, 2018

U.S. supplies to Europe set for all-time high in April; on course to overtake Russia, Saudi. As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude…

Current News

Lebanon Extends Offshore Exploration Licensing Round Deadline Again

Lebanon Extends Offshore Exploration Licensing Round Deadline Again

Wah Seong Wins $127M FPSO Topside Module Order

Wah Seong Wins $127M FPSO Topside Module Order

TotalEnergies Pulls Out of Russia's Novatek with $3.7B Write-down

TotalEnergies Pulls Out of Russia's Novatek with $3.7B Write-down

Proserv Secures SMS as Sampling Representative in Malaysia

Proserv Secures SMS as Sampling Representative in Malaysia

Gulf of Thailand: Valeura Energy to Buy Three Offshore Blocks from Mubadala Petroleum

Gulf of Thailand: Valeura Energy to Buy Three Offshore Blocks from Mubadala Petroleum

DEME, Penta-Ocean Unveil Upgraded Wind Turbine Installation Vessel Model

DEME, Penta-Ocean Unveil Upgraded Wind Turbine Installation Vessel Model

Petronas Makes 'Significant' Oil & Gas Discovery Offshore Malaysia

Petronas Makes 'Significant' Oil & Gas Discovery Offshore Malaysia
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