Qatargas Delivers First Q-Max Cargo to Thailand
Qatargas delivered the first Q-Max cargo of Liquefied Natural Gas (LNG) under the long-term Sale and Purchase Agreement (SPA) between Qatar Liquefied Gas Company Limited - 3 (Qatargas 3) and PTT Public Company Limited to the Kingdom of Thailand’s Map Ta Phut LNG receiving terminal. The cargo arrived on board the Q-Max LNG vessel, Bu Samra, on 5th August. This is the first Q-Max vessel to arrive at Map Ta Phut terminal since the startup of the terminal in 2011, when Qatargas delivered the first commissioning cargo to Thailand’s first LNG receiving terminal Map Ta Phut.
Marubeni, PTT Plan LNG Bunkering in Thailand
Marubeni Corporation started a joint feasibility study with PTT Public Company Limited, Thailand`s national petroleum and petrochemical company, which aims at implementing LNG refueling to ships in Laem Chabang Port, the largest industrial port in Thailand. The regulation of exhaust gas will be tightened from 2020, and since LNG is an environmentally friendly fuel, ships that use LNG for fuel (LNG fueled ships) are expected to increase. In Laem Chabang Port, where more than 8…
ITF Signs Up Thailand’s PTTEP
ITF, the oil and gas industry technology facilitator announced a new membership agreement with Thailand’s national oil company, PTT Exploration & Production Public Company Limited (PTTEP). ITF plans to secure a $9 million investment from its members across the Asia-Pacific region to launch ground-breaking technologies. The organization will also bolster its team by creating a business development position, which will be based at its Kuala Lumpur office to further strengthen its presence across the region.
New Offshore Decommissioning Barge
Longitude Engineering reportedly has developed a cost effective decommissioning barge concept for the removal of small oil and gas platforms for the PTT Exploration and Production (PTTEP), a subsidiary of the Thai state owned oil company. The aim was to develop a viable and cost-effective alternative to conventional ‘reverse installation’ through the use of heavy lift crane barges for the removal of the topsides and jackets. The focus being the removal of 90-100 of PTTEP’s minimum facilities platform assets in the Gulf of Thailand…
Oil Spill Threatens Gulf of Thailand Beaches
An oil spill in the Gulf of Thailand caused by a pipe leak at an offshore platform raises concern about possible adverse impacts on the environment. More than 70 tonnes of crude oil have spilled into the sea following a leak in a crude-oil pipe at an offshore platform operated by PTT Global Chemical, a subsidiary of Thailand's national petroleum company PTT, reports ANN. Citing a statement by PTT Global Chemical, ANN informs that the leak of a crude transport pipe with a 16-inch diameter took place shortly before 7am [Saturday] from a single-point mooring…
Thoresen Thai Buys Secondhand Bulker
Thoresen Thai Agencies Public Company Limited reported it has acquired a secondhand Supramax dry bulk vessel for a purchase price of $14 million. Known earlier as M.V. Albion and renamed M.V. Thor Caliber, the vessel has 58,700 deadweight ton (DWT) capacity and was built in 2008. With this additional vessel, the Thoresen-owned fleet comprises a total of 21 vessels with an average size of 54,512 DWT and an average age of 11.57 years.
Thai Resort Owners Sue State Owned Company for Oil Spill
Business owners on Koh Samet island are suing a state-owned petroleum enterprise for the oil spill that polluted the resort island's beaches last year. More than 50,000 litres of crude oil leaked from pipeline operated by PTT Global Chemical in July 2013 and blackened several beaches on Koh Samet island, reports Khaosod English. Pitsanu Khemaphan, president of the Restaurant and Hotel Association on Koh Samet, arrived at Rayong Provincial Court with his lawyer to file a lawsuit against PTT Global Chemical for the incident, demanding 300 million baht (US$9.4 million) in compensation.
Cambridge Consultants Completes Iridium Radio System Trials
Cambridge Consultants completes new trials on Iridium-based global push-to-talk radio system; Successful trials of new components of US Department of Defense Distributed Tactical Communications System. Cambridge Consultants, a technology design and development firm, today announced it successfully completed initial trials with Iridium Communications Inc. (Nasdaq: IRDM) of new key components of the world’s largest push-to-talk (PTT) radio system – the US Department of Defense (DoD) Distributed Tactical Communications System (DTCS). DTCS enables soldiers in isolated areas to communicate without the need for ground infrastructure – and in locations where they often can’t pick up a geostationary satellite’s signal unless they move to higher ground.
Global Firms Compete for Awali Oilfield Contract
Eleven international oil firms have expressed an interest in efforts to boost production at Bahrain's onshore Awali field, the Oil and Gas Affairs Minister revealed recently. Dr. Abdulhussain Mirza’s statement followed the announcement that US firm Occidental and Thailand's PTT Exploration and Production have been awarded the right to explore for oil and gas off the shores of the country. Some reports have suggested that new technologies could double the amount of oil produced at the field from its current level of 35,000 barrels per day. Bids are expected by the end of the month. The latest round of bidding comes on the heels of the recently concluded tender process for four offshore exploration blocks comprising Bahrain's entire explorable acreage.
Thailand Ups Long-term LNG Imports Due to Coal Plant Delays
Thailand is increasing its planned long-term imports of liquefied natural gas (LNG) to meet rising demand after delays to the construction of coal-fired power plants, a senior official at energy ministry said on Wednesday. Energy policy makers have revised their target of LNG imports to 17.4 million tonnes in 2022 and reaching 34 million tonnes a year by 2036, up from earlier planned 23 million tonnes, Twarath Sutabutr, Director-General of the ministry's Energy Policy and Planning Office, told a news conference. "Natural gas supplies in the Gulf of Thailand will drop in the future. Thailand needs to accelerate LNG imports," Twarath said, adding the plan was subject to final approval from the national energy policy committee next month.
Mitsui to Extend Thai Offshore Oil Field Pact
Japanese trading house Mitsui & Co. (8031.TO) said that a subsidiary, Mitsui Oil Exploration Co., has agreed to extend for 10 years the contract on its rights and interests in offshore oil and gas blocks in Thailand, according to a Dow Jones report. The Tokyo-based company said the unit, Chevron Corp. (CVX) and PTT Exploration & Production PCL (PTTEP.TH) have reached an agreement extending the accord, which was due to expire in April 2012, to April 2022. [Source: Dow Jones]
North Atlantic Drilling Set for Initial NYSE Public Offering
North Atlantic Drilling Limited (NADL), a leading offshore harsh environment drilling company in which Seadrill Limited currently holds a 74 percent ownership interest, to file for independent listing on the New York Stock Exchange (NYSE). The company states that it has filed its first amended registration statements with the United States Securities and Exchange Commission (SEC) in connection with its initial public offering and concurrent offer to exchange previously issued unregistered common shares, other than the common shares owned by affiliates of NADL, for common shares that have been registered under the Securities Act of 1933, as amended. Morgan Stanley will act as the Global Coordinator and Lead Bookrunner for the initial public offering.
Thailand Boosts LNG Imports
Thailand is signing new contracts for LNG purchases and expanding terminals to boost imports to replace flagging domestic production, Bloomberg reported. Southeast Asia’s second-largest economy will boost LNG imports by more than 70 percent this year. The report said that the country is doing everything it can to facilitate increased LNG imports to replace the declining domestic production. These include expanding the existing terminals. Producers of the fuel are expected to expand…
EMAS Offshore Launches Singapore Listing
EMAS Offshore boosts profile amongst international investment community by providing Asian platform for growth; Singapore public offer opens at 6.00 p.m. today and closes at 12.00 noon on 2 Oct 2014. EMAS Offshore Limited (“EMAS Offshore”, or the “Group”), formerly known as EOC Limited (“EOC”), is pleased to announce the launch of its public offering of shares following the registration of its prospectus (the “Prospectus”) with the Monetary Authority of Singapore (“MAS”), in…
Ocean Tankers Purchases Fourth Ship
Ocean Tankers Holdings Public Company Limited has increased its fleet to four ships with the delivery of tanker M/T Montauk. M/T Montauk has been renamed to M/T Kalia and has already hoisted the Cypriot flag. The Company has already chartered the ship for two consecutive voyages and it is in constant negotiation with big oil companies for a time charter if the Board of Directors decides that this will be to the benefit of the Company and the shareholders. On February 2, 2007, Ocean Tankers Holdings Public Company Limited will sign a contract with shipyard Yangzhou Kejin Shipyard Co in Nicosia – Cyprus for the purchase of two new-fangled tankers of double inner-side, which will be delivered on March 31, 2007 and June 30, 2007 respectively.
Transocean Prices Initial Public Offering
Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced the pricing of its initial public offering of 17,500,000 common units representing limited liability company interests at $22.00 per unit. All of the common units are being offered by Transocean Partners Holdings Limited, a wholly owned subsidiary of Transocean Ltd. Transocean Partners Holdings Limited has also granted the underwriters of the offering a 30-day option to purchase up to an additional 2,625,000 common units.
Maritime Capital Shipping Withdraws Proposed IPO
Maritime Capital Shipping Limited has withdrawn its lodgment of its preliminary prospectus with the Monetary Authority of Singapore in connection with its proposed initial public offering and listing on the Main Board of the Singapore Exchange Securities Trading Limited. The company has just completed its international roadshow with institutional investors but has decided not to proceed with the launch of its proposed initial public offering citing the significant deterioration in sentiment in the world’s equity markets over the past few days. As a result, the Company does not believe that a stable market for its shares would be established in secondary market trading while such negative market sentiment prevails.
Strong Interest in Keppel DC REIT IPO
Keppel DC REIT Management Pte. Ltd., a wholly-owned subsidiary of Keppel Telecommunications & Transportation Ltd has received overwhelming demand from institutional and retail investors for its initial public offering of 261,138,000 Units. The Offering comprised an international placement of 207,375,000 Units1 to investors, including institutional and other investors in Singapore (the "Placement Tranche"), and an offering of 53,763,000 Units to the public in Singapore (the "Public Offer").
NAT Closes Public Offering
Nordic American Tankers Limited announced today that, in connection with its previously announced public offering of 12,000,000 common shares at a public offering price of $8.62 per share, the underwriters exercised in full the option granted to them by the company and purchased an additional 1,800,000 common shares on the same terms on which the 12,000,000 common shares were sold to the underwriters. The company also announced that the closing of the follow-on offering and the closing of the option to purchase additional shares took place simultaneously today.
Unithai Shipyard Has Four Vessels Under Repair
Thailand’s Unithai Shipyard & Engineering currently has four vessels undergoing repair - Technomar Shipping’s 33,185 dwt containership Kota Perwira, Ahrenkiel Shipmanagement’s 26,140 dwt bulk carrier Caria, the Almog, a general cargo vessel owned by Dynamic Shipping Services, and the Spar Cetus, a 45,146 dwt bulk carrier from Fleet Management. Unithai Shipyard has another four vessels scheduled to arrive throughout this month (May) - the Stolt Alliance, a 12,674 dwt chemical tanker from Stolt Nielsen, Osaka Asahi Kaiun’s 16,563 dwt containership Singapore Bridge, the Sutra Dua, an 8,073 dwt chemical tanker from Sutrajaya Shipping, and Bunga Orkid Empat, a 43,246 dwt bulk carrier from Malaysia’s MISC.
GDF Suez Ships First LNG Delivery to Dubai
GDF Suez has delivered its first cargo in the LNG carrier 'BW GDF Suez Boston' to the Dubai Supply Authority's Jebel Ali Terminal . According to the compamy GDF SUEZ has enlarged its footprint in the Middle East as a major global LNG supplier with the delivery of its first LNG cargo to Dubai. The BW GDF Suez Boston unloaded its 138,000 cu.m capacity cargo to the United Arab Emirates’ sole LNG import terminal, offshore Dubai. Between 2010 and 2016, GDF Suez says it is planning to deliver about 10.8 million tons of LNG to major energy players in Asia (KOGAS, CNOOC, Petronas, Petronet, PTT and GAIL). GDF Suez is one of the few European utilities with the flexibility in its natural gas portfolio to direct volumes to these markets.
Einshøj Global Chief Strategy Officer, Intellian
Intellian announced the appointment of Søren Einshøj as its new Global Chief Strategy Officer and President. With nearly twenty years in the marine communications industry, Einshøj will lead Intellian’s growth. Based in Oslo, Norway, President and CSO Søren Einshøj will be part of the core leadership within Intellian. Einshøj will be focused on developing and managing strategic alliances and partnerships throughout the industry worldwide. In 2001 on behalf of Telenor, formerly Norwegian PTT, Einshøj founded Marlink, a merger between Telenor owners’ maritime satellite communication unit and the acquired SAIT Communications SA based in Belgium.
Teekay Announces Pricing of Initial Public Offering
Teekay Offshore Partners L.P. announced that it has priced its initial public offering of 7,000,000 of its common units at $21.00 per unit. The 7,000,000 common units represent a 35.0% limited partner interest in the master limited partnership and the offering will increase to 8,050,000 common units if the underwriters exercise in full their over-allotment option. Teekay Shipping Corporation owns the remaining interests in the partnership, including common units, subordinated units, incentive distribution rights and its 2% general partner interest. Citigroup Corporate and Investment Banking and Merrill Lynch & Co. acted as joint book-running managers and representatives of the underwriters, which include Morgan Stanley, A.G.