Singapore: PT ASL Shipyard Indonesia is to convert the 22-year-old single hull tanker Federal II vessel into a floating storage and offshore (FSO) vessel for $13.5m. Singapore-listed Federal International has sold the ship to Indonesia’s Eastern Ja...

Kuala Lumpur: Malaysia-based international offshore oil and gas services provider, Bumi Armada has acquired and taken delivery of a Japanese-built 1999 VLCC for $29m. ...

Singapore: Sembcorp Marine subsidiary Jurong Offshore Pte Ltd has secured a $806.4m contract for the design and construction of a drillship for Sete Brasil Participacoes S.A. of Brazil....

Jakarta: The government is pushing for a further streamlining of state energy giant Pertamina. It is coming under pressure to sell its 65% stake in Asuransi Tugu, an insurance firm, as it is forced to focus on its core businesses. ...

Manila: Philippine National Oil Co (PNOC) is getting rid of its ships, starting with one of its single-hulled product tankers. The 18-year-old Gen. Antonio Luna vessel will be auctioned on December 6, with a starting price of Peso87.1m....

Kuala Lumpur: Offshore operator Sealink International has alerted the local bourse about the passing of its chairman Datuk Michael Hardin, 79. ...

Singapore: COSCO (Guangdong) Shipyard has secured a contract from an unspecified European company to build two bulk carriers of 35,500 dwt each. ...

Singapore: S Irwaran, Minister in the Prime Minister's Office, painted a favourable picture of Asia’s offshore scene yesterday in opening OSEA, the region’s top oil and gas event....

Singapore: Singapore-based MTQ Corporation’s wholly-owned subsidiary, Blossomvale Investments, has today declared its off-market takeover offer for all the ordinary shares in Neptune Marine Services that it does not already own free from all remain...

Kuala Lumpur: Shell Malaysia has signed a new production sharing contract with Petronas to explore for oil and gas offshore Sarawak in a 50:50 share deal for an area covering 2,727 sq km....