Moi News

A Memorandum of Intent covering future collaboration has been signed by the organization orchestrating space programmes for 22 European countries and the coordinators of One Sea, the industry alliance bringing together exponents of autonomous ship technology.The agreement, between One Sea coordinator DIMECC and the European Space Agency (ESA), sets out common objectives to encourage the development of space-based applications to analyse, enable and implement maritime digitalization…

Thailand-based construction firm Italian-Thai Development is planning to construct a liquefied natural gas (LNG) import terminal at Dawei industrial zone Myanmar, with an investment of $500m says a news story in the Reuters. A press release from Roland Berger, who are consultants to the project, says that the LNG terminal is part of the first phase of the $1.7bn Dawei project. It will be designed with an annual capacity of six million tons. The initial phase development involves the construction of a small port, power plants, a two-lane road to Thailand, and an LNG terminal. Japan, Thailand and Myanmar recently signed a Memorandum of Intent (MoI) to build the Dawei Special Economic Zone in Myanmar as part of the “New Tokyo Strategy 2015 for Mekong-Japan Cooperation…

* LNGL has signed a non-binding memorandum of intent (MOI) for gas supply with Tri-Star Petroleum Company (Tri-Star). Liquefied Natural Gas Limited yesterday announced that its 100% owned subsidiary, Gladstone LNG Pty Ltd has agreed to a Variation to the Agreement for Lease with the Gladstone Ports Corporation until 31 March 2016 in two phases. The first phase is an extension of the term from 1 November 2014 to 31 March 2015, with the Company paying an Option Fee of $500,000 and the second phase, at the Company’s election, is a further extension to 31 March 2016, with the payment of a further Option Fee of $1 million. The company executed a non-binding MOI for a proposed gas sales agreement (GSA) with Tri-Star.

At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.

The American Association of Port Authorities (AAPA) and the U.S. Department of Commerce’s International Trade Administration (ITA) have signed a Memorandum of Intent (MOI) at the Port of Oakland. This historic MOI implementing the “Partnership with America’s Seaports to Further the National Export Initiative” supports President Obama’s goal of doubling exports announced during his State of the Union speech in 2010. Under the agreement, ITA and AAPA will partner to coordinate communications, idea exchanges, activities and services that assist U.S. businesses in exporting; and to increase awareness of the available services, trade missions, programs and overseas events that involve U.S. export opportunities. Signatories to the MOI include the Honorable Francisco J.

The Papua New Guinea Government received confirmation of global interest in bidding for 15 exploration blocks in the Gulf of Papua when 60 executives from more than 30 international oil and gas companies attended their inaugural road show in Singapore. The companies included the big British Gas Group, ChevronTexaco, CNPC of China, Hunt Oil Company, Korea Gas Corporation, Mitsubishi, Nippon, Pearl Energy Ltd, Petronas, Premier Oil, Repsol and Singapore Petroleum. Sir Moi told the audience that the area was selected because of their newly recognised prospectivity and proximity to onshore discoveries as well as finds in the offshore Papuan sedimentary basin.