News

Saudi Arabia and other Gulf Opec members, which unilaterally boosted oil supplies this year, are likely to trim flows in 2012 to make way for the restart of shipments from Libya and increased exports from Iraq.

Indian state-owned refiners may skip importing gas oil from the spot market for at least one month due to ample supplies and as reduced industrial output pares demand, industry sources said on Tuesday.

Construction of the $7.5 billion 200,800-barrel-per-day Nghi Son oil refinery, Vietnam's second, will start in the last quarter of this year after a half-year delay, state oil and gas group Petrovietnam said on Tuesday.

South Korea's liquefied natural gas (LNG) inventory stood at over 3 million tonnes as of Tuesday, and the world's second-largest LNG importer plans to build nearly 3.5 million tonnes

Rotork electric modulating actuators have been installed in an upgrade at the RWE npower Fawley Power Station in southern England. Built in the late 1960s, the oil-fired station is capable of supplying the National Grid with 1,000MW

Global attacks on ships rose to an all-time high of 266, during the first six months of 2011 up from 196 in 2010 according to the International Maritime Bureau (IMB).

The Offshore Energy exhibition, an event focused on global oil & gas exploration and production market opened today in Amsterdam RAI, the Netherlands.

At the Monaco Yacht Show 2011, Jongert has brought in two orders for new motor yachts: a 44-metre MY and a 43-metre MY. Besides these two new orders, the shipyard has another two motor yachts under construction: a Jongert LE 500 and the 41-metre yacht that was begun last year.

OJSC MMC Norilsk Nickel informs that Zapolyarny enhanced ice class diesel-electric ship, owned by the Company, has arrived to its destination point – Shanghai port.

Mangalore Refinery and Petrochemicals Ltd. is in initial talks with three companies including Royal Dutch Shell PLC (RDSA) to build a liquefied natural gas terminal in India, a senior MRPL executive said Tuesday.

TSC Group Holdings Limited secures a US$ 29.2 million contract for a Super M2 jack-up rig (300 ft) package from CIMC Raffles Shipyard. The deal comes with an option for another similar Super M2 jack-up rig package by the end of this year.

Fairmount Marine, a world class marine contractor for ocean towage and heavy lift transportation by (submersible) barge, parallel to activities in the field of sales

At Great Lakes Shipyard, Cleveland, OH, the laying of the keel marks the start of construction on a 60-foot work boat for the Port of Milwaukee. The city of Milwaukee, Wisconsin awarded the contract in June 2011. The vessel is scheduled for completion by the end of this year.

The Board of Directors of ASL Marine Holdings Ltd. has announced that its wholly-owned subsidiary ASL Shipyard Pte Ltd has secured new shipbuilding contracts worth approximately S$267 million for the construction of five vessels:

Royal Dutch Shell Plc is restarting the largest crude distillation unit at its Singapore refinery less than two weeks after the plant was shut because of a fire, three industry sources

UAE energy firm Dana Gas is still negotiating terms to enter into the Syrian and Algerian markets while it is also looking at opportunities in Libya, its chief executive officer told a local newspaper on Monday

The US Environmental Protection Agency's raising of emissions limits for 10 states under its Cross-State Air Pollution Rule under proposed revisions Thursday has caused a BNP Paribas

Vestas has secured an order from Green Mountain Power to deliver wind turbines for the 65MW Kingdom Community Wind project in Vermont, US.

Japan's crippled Fukushima Daiichi nuclear plant remains stable, despite a 5.5 magnitude offshore earthquake hitting the surrounding area today, according to operator Tokyo Electric Power Company (TEPCO).

China Resources Power Holdings has selected Emerson Process Management to automate two new ultra-supercritical units of 1000MW Puqi power plant in China.