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Sembcorp Marine Wins Dorado FPSO FEED Deal with Altera
Singapore-based Sembcorp Marine has secured an exclusive contract from floating production firm Altera Infrastructure, to carry out the Front-End Engineering Design (FEED) work for an FPSO to be built for Santos' Dorado oil and project offshore Australia.Dorado. located in the Bedout Sub-basin, offshore Western Australia, is an oil and gas project which is expected to have an initial oil production of 75…
VP Harris Says US Will 'Speak Up' on South China Sea
The United States welcomes competition and does not seek conflict with Beijing, but will speak up on issues like maritime disputes in the South China Sea, Vice President Kamala Harris said on Thursday as she concluded a trip to Southeast Asia.In visits to Singapore and Vietnam, Harris charged China with bullying its neighbors in the region, triggering here sharp rebukes from Beijing, which accused the U.S.
US VP Harris Offers Vietnam Support to Counter Beijing in the South China Sea
U.S. Vice President Kamala Harris met Vietnam’s top leaders on Wednesday, offering support in several key areas including the enhancement of its maritime security in an effort to counter Beijing’s increasing assertiveness in the South China Sea.Harris also offered more visits by U.S. warships during her talks with Vietnam’s President Nguyen Xuan Phuc, Vice President Vo Thi Anh Xuan and Prime Minister Pham Minh Chinh…
Eaglestar Welcomes Its First Female Ship Master
Eaglestar Marine Holdings on Wednesday welcomed Captain Eezmaira Sazzea binti Shaharuzzaman as the company’s first Malaysian female shipMaster. Captain Eezmaira Sazzea was among the first group of Malaysian women selected to pursue professional maritime training in Akademi Laut Malaysia (ALAM, also known as the Malaysian Maritime Academy) when the academy first opened its door to female cadets’ intakeback in 2006.
Oil Slides 4% on China Virus Curbs, Climate Warning
Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand.A United Nations panel's dire warning on climate change also added to the gloomy mood after fires in Greece have razed homes and forests and parts of Europe suffered deadly floods last month.Brent crude futures fell by $2.82…
Venezuela's Oil Exports Up in July, Fueled by Ship-to-ship Transfers
Venezuela's oil exports increased for the second consecutive month to 713,097 barrels per day (bpd) in July, as state-run PDVSA offset loading delays at its main port by boosting ship-to-ship transfers, according to tracking data and documents.That was Venezuela's highest level of oil exports since February, according to the data.A growing number of mostly unknown clients with no record in oil trading have helped PDVSA increase shipments, most of which now goes to Asia.
VIDEO: Jack-up Unit Tilts Off China. Four Missing
Four people fell into the sea and went missing after an offshore construction unit tilted off the coast of Huzhou City, China, CGTN, a Chinese state-backed news website, said Monday.According to CGTN, there were 65 people on board when the incident took place.CGTN said in a video tweeted on Monday that four people had been missing, with the rest of the crew rescued.The news agency further said that…
TGS, PGS, WesternGeco in 6,400 sq km Seismic Survey Offshore Malaysia
Offshore seismic data and services trio TGS, PGS, and Schlumberger's WesternGeco, have secured pre-funding for a 6,400 square kilometer multi-client 3D survey starting in October in the Sarawak Basin, offshore Malaysia.The survey is the first phase of a multi-year contract awarded by the Malaysian national oil firm Petronas in 2020 through competitive bidding to acquire and process up to 105,000 square kilometers of multi-client 3D data over a 5-year period in the Basin.
Japan's Power Plan to Rattle Australian Coal, LNG exporters
Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country's new electricity generation targets will shake the market up.For many years Japan has been viewed as a largely steady source of demand for liquefied natural gas (LNG) and thermal coal used in power generation, with small variations in the volumes imported on a year…
Shipping Industry Seeks to Combat Dark Oil Transfers at Sea
Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever tougher restrictions fight back with elaborate strategies to dodge them.Washington has ramped up shipping-related sanctions over the last two years to make it harder for countries, such as Iran and Venezuela, to export the oil that provides their main source of revenue.In response…
Orkim Tankers Fit With Thordon's COMPAC System
China’s Fujian Southeast Shipyard has delivered four in a series of five new product tankers ordered by Malaysia’s Orkim Sdn Bhd.The 9000dwt Orkim Sapphire and Orkim Pearl, and 14,500dwt Orkim Diamond and Orkim Emerald represent the first vessels in the ship operator’s fleet to be fitted with a COMPAC seawater lubricated shafting system from Thordon Bearings.Working with the shipowner’s representative…
China Says It 'Drove Away' US Warship
China's military said it "drove away" a U.S. warship that illegally entered Chinese waters near the Paracel Islands on Monday, the anniversary of an international court ruling that held Beijing had no claim over the South China Sea.The USS Benfold entered the waters without China's approval, seriously violating its sovereignty and undermining the stability of the South China Sea, the southern theatre…
Penfield Marine, Macquarie Group Execute Carbon Neutral Voyage
Tanker operator Penfield Marine and Macquarie Group’s Commodities and Global Markets division announced the execution of Penfield’s first carbon-neutral voyage in a collaboration that will enable Penfield Marine to offer environmentally differentiated freight products to its customers.The structure achieves carbon-neutral freight by retiring carbon offsets sufficient to cover the carbon footprint of an entire voyage…
FPSO Demand Booming: 10 Units Expected to Be Ordered in 2022
More FPSO contracts were awarded in the second quarter of 2021 than during the whole of 2020, with Rystad Energy expecting FPSO awards to reach a total of 10 units in 2021. Rystad has also noted muted interest from suppliers for some recent FPSO tenders, citing a nearly full capacity with several suppliers unable to take on new projects.Further, Rystad sees another 10 FPSO orders in 2022, which will…
LNG Primed for Strong Growth on Asian Demand
Liquefied natural gas (LNG) prices are poised for more gains as gas-hungry China guzzles cargoes to feed a rebound in economic growth while the easing of coronavirus-induced restrictions restores industrial demand in India.Higher oil and coal prices have also helped lift global gas prices with spot Asian LNG prices <LNG-AS> doubling in just three months."We believe this has been driven by a tightening…
COVID-19-hit Asia Ships More Gasoline to U.S.
Exports of gasoline and blend stocks from Asia to the United States rebounded in May from April, including two rare shipments from India, to meet rising summer demand in the west…
Tanker Operators File Against Winson Oil in Latest Hin Leong Fallout
Maersk Tankers Singapore Pte Ltd and Scorpio LR2 Pool Ltd have filed separate claims in the Singapore High Court against Winson Oil Trading Pte Ltd for failing to fulfil its contractual obligations, court documents show.The filings are the latest fallout in the unravelling of Hin Leong—once one of Asia's top oil traders—which has left creditors scrambling to recoup about $3.5 billion in debt.Hin Leong's…
Battleship Diplomacy: Britain's New Aircraft Carrier Joins NATO
The maiden voyage of a new British aircraft carrier will seek to show allies that post-Brexit Britain is ready to defend Western interests and eager to see China respect international rules, the vessel’s commander said.HMS Queen Elizabeth took part in NATO exercises in the Mediterranean this week, ahead of the eight-month voyage that will cross through the South China Sea in a signal to Beijing that sea lanes must remain open.The carrier is “a hugely powerful statement…
UTM Offshore Taps KBR for Support at Nigeria's First FLNG Project
Engineering and construction services giant KBR has won a contract with Nigeria's UTM Offshore to support the development of Nigeria's first Floating Liquefied Natural Gas (FLNG) facility.Acting as Owner's Engineers, KBR will be responsible for a multi-disciplined due diligence review of the Pre-Front End Engineering Design, being completed by Japanese engineering company JGC.UTM Offshore is leading…
JGC Lands Pre-FEED Deal for Nigeria's First FLNG Project
Japan's JGC has been awarded the Pre-Front End Engineering and Design (Pre-FEED) contract for an FLNG facility project in Nigeria.The project is being run by UTM Offshore Limited, a Nigerian private company engaged primarily in crude oil sales and construction equipment leasing, and the Nigerian National Petroleum Corporation.This project calls for the Pre-FEED of an FLNG facility with a production capacity of 1…