Monday, September 24, 2018

Asia News

China Shifts to Iranian Tankers to Keep Oil Flowing Amid US Sanctions

© keller / adobe Stock

Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply…

Cubility Launches MudCube X

Photo: Cubility AS

Cubility AS, a provider of solids control solutions that improve efficiencies, solids control and HSE around drilling operations, has launched the latest evolution…

Novatek Signs Pact for Kamchatka LNG Transshipment Complex

Photo: Novatek

Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of a marine liquefied natural gas (LNG) transshipment…

Huisman Building Drilling System for CMHI

Photo: Huisman Equipment BV

This week, China Merchants Heavy Industries (CMHI) awarded Huisman a contract for the engineering and fabrication of a drilling system which will be integrated and…

LNG Shipping Rates Spike With no Respite Seen Through 2019

Photo: Golar LNG

The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year, buoyed by rising production from new plants and…

OPITO Appoints Cullens as Director of Strategic Development

Mark Cullens (Photo: OPITO)

OPITO, a global, not-for-profit skills body for the energy industry, has appointed Mark Cullens to the new role of director of strategic development.Cullens, who…

Now you see it, now you don't: oil surplus vanishes ahead of Iran deadline

File Image: CREDIT AdobeStock / © Kasto

An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S.

Oil Rises to $76 as OPEC+ Committee Sees Production Increasing

© christian42 / Adobe Stock

Brent oil prices rose to near $76 a barrel on Monday as a committee monitoring a deal on oil output curbs between OPEC and non-OPEC producers saw production rising…

Green Energy on the Rise in Thailand

Photo courtesy of BCPG

BCPG Public Company is looking at ways in which innovation in technology and energy management are encouraging consumers to generate reusable energy and sell it on the retail market…

Oil Rises on Iran Sanctions, and Dip in U.S. Fuel Inventories

File Image: CREDIT AdobeStock / © Scanrail

Global oil markets to tighten towards end of 2018 - IEA.Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S.

Pemex Pauses Light Crude Exports

Mexico's state-run oil firm Pemex has not exported light crude since May, according to a source and export data seen by Reuters on Thursday, as it gears up to process…

LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023

LNG for Marine. Photo: Skangas

The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24…

China Will Buy More LNG, but Wants it Smoother, Less Lumpy: Russell

© Carabay / Adobe Stock

China appears set to once again boost its purchases of liquefied natural gas (LNG) for the northern winter, but unlike last year's rush, this time the process is likely to be more organised and stable

Gulf Platforms Shut ahead of Hurricane

© Robert Cocquyt / Adobe Stock

U.S. oil prices edged up on Tuesday, rising back past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane.U.S. West…

DNV GL Rolls-out Digital Hub in Singapore

Photo: DNV GL

DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including…

Keppel Partners GTT on LNG Solutions

Image: Keppel Offshore & Marine

Keppel Offshore & Marine (Keppel O&M) has signed a Technical Assistance and License Agreement (TALA) with Gaztransport & Technigaz (GTT) that will enable the companies…

U.S. Imports of Nigerian Crude Fall to 3-year Low

© keller / Adobe Stock

U.S. crude oil imports from Nigeria in July plunged to the lowest level in three years and are continuing to slip as Asian and European buyers increase purchases…

Russia's Novatek Signs LNG Agreement with Japan's JOGMEC

Russia's Novatek said on Monday it had signed a framework agreement with Japan Oil, Gas and Metals National Corp (JOGMEC) to cooperate on Novatek's liquefied natural gas (LNG) projects in the north of

Excelerate Energy Commissions Bangladesh’s First LNG Import Terminal

Photo: Excelerate Energy

Excelerate Energy Bangladesh completed the commissioning of its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import…

Qatargas, PetroChina Sign 22-Years LNG Supply Deal

Photo: Qatargas

Qatargas, the world’s largest LNG producer,  has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of…