News

Conversion work for ASL

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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...

Bumi Armada bags 13-year-old VLCC for $29m

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. ...

Sembcorp wins big with $806m drillship order

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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....

Pertamina told to focus on core business

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. ...

PNOC keen to exit shipowning

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....

Sealink International’s chairman passes away

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

Bulkers for Cosco Shipyard

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

Bullish outlook at OSEA

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....

Neptune takeover in the offing

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...

Shell extends Malaysian partnerships

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....

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