Asia
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Petronas pulling out of Vietnam
Kuala Lumpur: The number of international energy firms pulling out of Vietnam continues to rise. Malaysia’s Petronas is the latest…
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Loss making NOL skirts close to SGX watch-list
Singapore: Singapore’s top shipping line, Neptune Orient Lines (NOL), suffered the ignominy yesterday of announcing it has come close to…
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Vale to discharge first VLOC in Malaysia next month
Kuala Lumpur: Brazilian mining giant Vale will launch the first phase of its iron ore storage and distribution centre in…
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Alewijnse wins Malaysian FPSO contract
Singapore: Just as it announced its intentions to set up offices in Singapore and Malaysia, Dutch firm Alewijnse Marine Systems…
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BW buys into product pool
Singapore: Singapore-based BW Group has bought out Heidmar’s stake in product tanker pooling giant Womar for an undisclosed sum. Womar…
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PM opens Singapore’s LNG terminal, fourth storage tank planned
Singapore: Prime Minister Lee Hsien Loong officially opened Singapore’s first liquefied natural gas (LNG) terminal yesterday evening, at a ceremony…
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Chemoil to be taken private
Singapore: Marine fuel trader Chemoil Energy leapt as much as 18% to a one-year high of S$0.4 on the Singapore…
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PetroVietnam to buy gas assets from Chevron
Ho Chi Minh City: PetroVietnam is set to buy Chevron’s 42.38% stake in Block B in the South China Sea…
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Jaya Holdings sells up to Mermaid for S$625m
Singapore: Offshore vessel owner and shipbuilder, Jaya Holdings, has announced that it is effectively selling up its entire business to…
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Saipem wins offshore contract in Indonesia
Jakarta: Italian oil and gas industry contractor, Saipem, has inked an offshore contract in Indonesia for a total of $1.1bn.…
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Port Klang third terminal study to be completed by 2015
Kuala Lumpur: Port Klang, Malaysia’s largest port, will complete its feasibility study for a third terminal by next year, according…
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Asian Terminals Inc looks at overseas investments
Manila: Asian Terminals Inc is looking to expand overseas. The Manila-based terminal operator told the Philippine Stock Exchange, it would…
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Icon Offshore to list in the first half
Kuala Lumpur: Icon Offshore is set to list in Kuala Lumpur by the middle of the year. Icon Offshore is…
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Sealink sells off land
Kuala Lumpur: Sealink International has concluded the sale of a parcel of land together with a double storey detached industrial…
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Swissco eyes fleet expansion
Singapore: Offshore service provider Swissco Holdings is eyeing fleet expansion and seeking acquisition opportunities. “With the outlook of global E&P…
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Magsaysay MOL receives award in presence of Aquino
Manila: Japan’s Mitsui O.S.K. Lines (MOL) has announced that its group seafarer manning company, Magsaysay MOL Marine has received the…
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Singapore rig-builder linked with Fujian yard
Singapore: An unnamed Singaporean shipyard has been linked with coming to the rescue of financially troubled Titan Petrochemicals. Titan, mired…
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Hibiscus adds North Sea license
Kuala Lumpur: Malaysian oil and gas exploration and production company Hibiscus Petroleum has announced that its jointly-controlled entity, Lime Petroleum…
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Dyna-Mac lands three fabrication jobs worth S$42m
Singapore: Offshore fabrication specialist Dyna-Mac Holdings has clinched three new fabrication orders at a total of S$42m. The orders came…
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Maersk obtains license for container operations in Myanmar
Copenhagen: AP Moller-Maersk Group announced today that it has received a permanent license to operate container business activities in Myanmar.…
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