krogragg

Category: Thailand

  • Middle East oil supply disruption spurs Thailand to zero in on domestic production

    Middle East oil supply disruption spurs Thailand to zero in on domestic production Canada-based Valeura Energy, an oil and gas company, is seeking further insight from Thailand regarding the Southeast Asian country’s recent request to oil producers to postpone planned downtime at oil production facilities and temporarily suspend crude oil exports. The post Middle East…

  • Precious Shipping diversifies with MR tanker acquisition

    Precious Shipping diversifies with MR tanker acquisition Thailand’s Precious Shipping has made its first move into the tanker sector with the acquisition of a medium-range product tanker as it looks to diversify beyond dry bulk. The Bangkok-listed owner said its wholly owned Singapore subsidiary, Precious Horizon, has agreed to buy the 2006-built MR tanker Florence…

  • Precious sends ultramax newbuilds straight back on hire with Jaldhi

    Precious sends ultramax newbuilds straight back on hire with Jaldhi Thailand’s Precious Shipping has moved quickly to line up work for two ultramax bulker newbuilds it has just acquired from Jaldhi Overseas, fixing both vessels straight back to the Singapore-based outfit on long-term, index-linked charters. The Ubon Naree has been fixed for 24–26 months at…

  • Eni pens decade-long LNG offtake deal with Thai player

    Eni pens decade-long LNG offtake deal with Thai player Italy’s energy giant Eni has won a new multi-year liquefied natural gas (LNG) agreement with Gulf Development Company, said to be one of Thailand’s largest private power producers. The post Eni pens decade-long LNG offtake deal with Thai player appeared first on Offshore Energy. Melisa Cavcic Go…

  • With one 271-day job done, Singaporean player’s rig preps for new Gulf of Thailand campaign

    With one 271-day job done, Singaporean player’s rig preps for new Gulf of Thailand campaign Energy Drilling has completed a drilling campaign in the Gulf of Thailand undertaken on behalf of Carigali-PTTEPI Operating Company (CPOC). The post With one 271-day job done, Singaporean player’s rig preps for new Gulf of Thailand campaign appeared first on…

  • Malaysia’s Sapura Energy nets $118M in contracts with long-term Thai clients

    Malaysia’s Sapura Energy nets $118M in contracts with long-term Thai clients Malaysian oil & gas services provider Sapura Energy has secured new contracts with Chevron’s Thailand […] The post Malaysia’s Sapura Energy nets $118M in contracts with long-term Thai clients appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • RCL boosts boxship orderbook

    RCL boosts boxship orderbook Thailand’s Regional Carrier Lines (RCL) is bolstering its fleet with four additional containership newbuildings in China. The company revealed in a stock exchange filing that it will be adding a pair of 11,000 teu and 4,400 teu each in 2027 and 2028. The 11,000 teu series are costing up to $125m…

  • Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons

    Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons Global oil and gas operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects as budgets tighten, rather than the more expensive high-risk hydrocarbon exploration plays. The post Tight budgets and shrinking pool of oil & gas prospects…

  • Thoresen Thai adds to bulker fleet

    Thoresen Thai adds to bulker fleet Thoresen Thai Agencies has bolstered its dry bulk fleet with a supramax purchase on the secondhand market. The Bangkok-based listed owner said in a filing it had acquired an unnamed 2012-built 56,104 dwt unit without disclosing further details. S&P sources suggest the company snapped up Shunzan Kaiun’s Pacific Infinity…

  • Precious Shipping diversifies with Malaysian tanker venture

    Precious Shipping diversifies with Malaysian tanker venture As fleet overhaul at Precious Shipping pushes ahead, the Thai dry bulk player has moved to expand its business to other shipping sectors. The Khalid Hashim-led listed owner said in a stock exchange filing that its Singapore subsidiary had struck a deal with Emstraits Navigation and Lianson Fleet,…

  • Precious Shipping sells off vintage handysize

    Precious Shipping sells off vintage handysize Fleet overhaul at Precious Shipping has continued with the sale of one of its oldest vessels. The Thai dry bulk player has offloaded its 2005 Shikoku Dockyard-built Rojarek Naree for $8.8m. The buyer of the 29,900 dwt ship is an overseas company that does not have any relationship with…

  • Prima Marine in for six product tanker newbuilds

    Prima Marine in for six product tanker newbuilds Thai owner Prima Marine has placed an order for six small product tanker newbuilds at China’s Ningbo Zhenhe Shipyard. The deal with an undisclosed value covers 73-m-long 2,499 dwt vessels based on FKAB design and tailor-developed for easy and efficient operation in Thailand’s coast and rivers. Delivery…

  • ADES seals second jackup rig deal in Thailand

    ADES seals second jackup rig deal in Thailand Saudi oil and gas driller ADES has secured its second contract in Thailand, marking the fourth redeployment of one of its suspended jackup rigs in the Kingdom. The deal, estimated at about $276m, covers a firm five-year term for the Admarine 503 rig with a three-year extension…

  • Geneva Dry Dialogues: Precious Shipping

    Geneva Dry Dialogues: Precious Shipping Making predictions in shipping is akin to chewing glass, Khalid Hashim, managing director of Thailand’s largest dry bulk owner, Precious Shipping. “Only the insane would do that,” he says, stressing: “Predictions in shipping are always wrong.” Nevertheless, when pressed to give his take on where the dry bulk markets will…